COMMENTS ON THE STATE OF THE ECONOMY Perhaps the major challenge facing the Nigerian economy at this time is the inability to regain the confidence of investors, both local and foreign. Regrettably, the instability and inconsistency in the foreign exchange management policy have been complicating matters. The economy has a major structural defect of being heavily import dependent. This cannot …

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FirstBank partners NBCC on MSME development First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”. According to FirstBank, the two day workshop will take place on the 1st and 2nd of September, 2016 at …

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What journalists should know about entrepreneurship Dayo Emmanuel Journalists have been advised to be more entrepreneurial in the practice of the profession. This advice was offered at the monthly fellowship of the Christian media group, Journalists For Christ (JFC) held in Lagos on August 20. In his welcome address, President of the organisation, Lekan Otufodunrin, emphasised the importance of maximizing …

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  UBA Proposes 20 kobo Interim Dividend For Half Year   United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a …

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  Nigeria: Gas Independence Cannot Solve Existing Electricity Challenges FRIDAY EKEOBA The Federal Government has said that the sole-reliance on gas cannot solve the country’s existing electricity challenges. Acting Chairman of Niger Delta Power Holding Company (NDPHC), Chinedu Ugbo, on behalf of the Minister of Power, Works And Housing, Babatunde Raji Fashola, made this statement during a conference in Lagos …

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Aregbesola to Chair ‘Shadows of a Whisper’ a collection of poems presentation Osun State Governor, Ogbeni Rauf Aregbesola will on 17th September in Lagos, be the guest of honour and Chairman at the presentation of ‘Shadows of a Whisper’ a collection of poems by Barrister Ladi Soyode. The presentation/launching of the poems which is another deep soul searching art work from …

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FG approves 2017-2019 Fiscal Strategy Framework The Federal Executive Council (FEC) on Wednesday approved a three-year Fiscal Strategy Framework from 2017 to 2019. Advertisement Identified as the Medium Term Expenditure Framework (MTEF), the process starts the process for the preparation of the 2017 budget. The Minister of Budget and National Planning Senator Udo Udoma, explained  after the Federal Executive Council …

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Shareholders of Diamond Bank, FCMB, others lose N8.1bn over non-remittance of funds The Foreign Exchange (FOREX) restriction order placed on Diamond Bank Plc, First City Monument Bank Plc (FCMB) and others by the Central Bank of Nigeria (CBN) reverberated Wednesday on the floor of the Nigerian Stock Exchange (NSE). Two of the Banks, Heritage and Keystone Banks are not listed …

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Giving Credit to Whom It is Due By Tope Bankole and Uzoma Ngozi   On July 26, the media was awash with news of the commissioning of the Abuja-Kaduna railway project. The news elicited a tweet from the PDP via their official twitter handle. This eventually sparked off a controversy on who should actually take the credit for the completion …

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PwC seeks change of tactics for Oil & Gas industry in Africa The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue, a new report put together by PwC has said. It explained that despite the bleak …

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