* MTN’s 2016 earnings hit by $1.1 bn Nigeria fine * Firm facing another probe by Nigerian lawmakers * Declares dividend despite loss, shares up 10 pct MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but its shares soared after it kept a dividend. …

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Guaranty Trust Bank has emerged the best winner in the 2017 Electronic Payment Incentive Scheme (EPIS) Awards organised by the CBN and Nigeria Inter-bank Settlement System (NIBSS). The GTB said in a statement on Thursday that the awards had reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner at the EPIS awards. …

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In its continuous drive to remain at the forefront of engendering educational learning amongst young Nigerians, Heritage Bank Plc joined in celebrating the “World Book Day” by means of implementing one of its literacy initiatives and donation of books to schools. The bank has decided to lend its support to the biggest celebration of its kind, designated by UNESCO as …

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The National Bureau of Statistics (NBS) on Tuesday released the 2016 4th Quarter Gross Domestic Product (GDP) Report which shows a significant improvement in the country’s economic fundamentals and promising signs that things are beginning to turn for the better. Although the numbers are still negative, indicators in the critical sectors show some encouraging improvements compared to those of the …

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TAYO OLANIPEKUN   Minister of Youth and Sports, Solomon Dalung, has lamented the dilapidated condition of the National Stadium situated in Surulere, Lagos.   Advertisement The Minister, who, on Wednesday embarked on an inspection tour of the facility alongside Lagos State Governor, Akinwunmi Ambode; Nigeria Football Federation President, Amaju Pinnick, and other top government functionaries, lamented the state of the …

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To complement its N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, the Dangote Foundation has concluded the renovations of some sections of the Murtala Muhammed Specialists’ Hospital, Kano which gulped over N200 million. The 900 bed capacity hospital, reputed for highest number of in-patients in sub-Saharan Africa has been lacking facilities that may detract from the new SDC …

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FRIDAY EKEOBA Heritage Bank Plc has said that its attention has been drawn to a report making the round that it should short-down operations owning to inability to meet its financial obligation to customers. The bank said that the allegation is not true as the Geonel Integrated Services Limited’s account, the company that made the alleged false claims, is currently …

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Tayo Olanipekun The United States of America will soon adopt an immigration system that favours only individuals with higher skills, to replace the current system it says is now “outdated and depresses wages as it benefits only the migrants with lower skills.” President Donald Trump said the country would adopt the merit-based immigration system the way Canada, New Zealand and …

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From Left: Head of Delegation, International Committee of the Red Cross, (ICRC) Nigeria, Mr Eloi Fillion with President, Lagos Chamber of Commerce and Industry (LCCI) Chief Dr. Mrs. Nike Akande, during a Courtesy Visit to the ICRC office in Abuja on Tuesday. Advertisement

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The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja, has said that the Commission is ready to partner with Israel to improve agriculture and reduce agricultural wastes in the country. He made this statement in his office in Abuja recently while playing host to the Israeli Ambassador to Nigeria, H.E Guy Feldman. The NCPC boss affirmed …

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