Senate rejects Buhari’s plan to borrow $30 billion The Senate on Tuesday rejected President Muhammadu Buhari’s plan to borrow $30 billion from external bodies for infrastructural development. The president had sent a request to the Senate recently seeking approval to borrow $30 billion to finance critical projects in the country. At its sitting on Tuesday in Abuja, Nigeria, the senators …

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  Oando Eyes Profitability; Posts Increased Revenue of N330bn Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced unaudited results for the nine months period ended 30 September, 2016. The company’s turnover increased by 26 per cent to N330 billion, compared to N262 billion in YTD September 2015, while Gross Profit decreased …

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Fidelity Bank nine months gross earnings hits declares N110.3bn  Fidelity Bank Plc has announced N110.3 billion in its nine months ended September 30, 2016, indicating three per cent increase when compared to its previous N107 billion. Similarly, deposit increased by 3.4 per cent to N795.6 billion from N769.6 billion in 2015 Financial Year. According to the Managing Director/Chief Executive Officer, …

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Cattle rustlers kill 5, injured many in Niger village Olabode Adaramola Suspected cattle rustlers attacked Gbada community in Kaure, Shiroro local government area of Niger state, killing five people and injuring many, National Wire gathered on Monday. The incidence occurred in the early hours of yesterday as the attackers, numbering over 30, who stormed the community at about2: 30 and …

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CBN to sanction fraudulent bank customers Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director, Banking and Payment, Dipo Fatokun explained that the weekend when unveiled, would give the regulator …

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Former Speaker Seeks listing of big corporations on NSE The former Speaker of the Federal House of Representatives, Honourable Dimeji Bankole has joined the league of eminent Nigerians that are calling for the listing of big corporations operating in Nigeria on the floor of the Nigerian Stock Exchange (NSE). He made the call at the Gala Night for the 20th …

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Lagos Is The Ideal Destination For Investors— Obasa Tells German Parliamentarians   The Speaker of the Lagos State House of Assembly, Hon. Mudashiru Ajayi Obasa, has stated that Lagos State remains the best destination for foreign investors, particularly those from Germany, with its improving infrastructure and secured environment. Hon. Obasa made this remark on Monday, when a delegation of German Parliamentarians …

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Guinness Nigeria explains six per cent increase in revenue Guinness Nigeria has announced 6 per cent increase in   revenue for the first quarter of its financial year ended 30 September 2016. The company attributed the increase partly to contributions from its new mainstream and international premium spirits business “as well as the continuing growth of its value brands”. The financial …

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From left, Managing  Director, Media Buying, OND Media Reach, Yinka Adebaya; Product Manager, Indomine Vemb Varaihan; Product Manager, Indomine Onome  Asagbra; General Manager, Indomine Girish Sharma; receipient of the Brand of the year award/Brand Manager,  Indomine Amber Yadav; President, Advertisers Association of Nigeria (ADVAN), David Okeme; Group Public Relations and Event Manager, Indomine Ashiwaju Tope and Research and Media Manager, …

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