Heritage Bank Plc has partnered with the Office of the Senior Special Adviser to the President on Diaspora and Foreign Affairs and the Lagos State Government (LASG) to organise the 2017 edition of Diaspora Festival Badagry with the theme Door of Return Ceremony Badagry. The festival which held recently in the ancient town of Badagry was hinged on: The Door …

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Resident Doctors this morning announced that they have commenced indefinite strike. The doctors under the umbrella of National Association of Resident Doctors, NARD who had last week met with the Minister of Labour and Employment, Senator Chris Ngige and the Minister of Health, Prof. Isaac Adewole where government made some offers to them said they rejected the offers. A one …

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The Super Eagles of Nigeria on Friday beat Cameroon 4-0 to consolidate its position at the top of Group B in the 2018 World Cup African qualifiers. A goal apiece from Odion Ighalo, Chelsea FC  winger, Victor Moses; skipper Mikel Obi and substitute Kelechi Iheanacho ensured  Nigeria grabbed the maximum three points at the Akwa Ibom Stadium in Uyo. After a …

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The Federal Government will be willing to work with the British authorities to stimulate more direct private sector investments in Nigeria, the Minister of Budget and National Planning, Senator Udoma Udo Udoma has said. The Minister told a delegation of British government officials led by the Secretary of State for International Development, Priti Sushil Patel, at a meeting in Abuja …

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AS part of its re-engineering drive to reposition the company back to profitability, the management of Prestige Assurance Plc has notified the Nigerian Stock Exchange (NSE), of its plans to reduce the company’s share capital. Prestige explained that the essence of the capital reconstruction is to enable the Company wipe out its accumulated retained losses of N776, 511,000. The company …

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The Apapa Local Government Area wednesday disclosed that at least 82 companies had either relocated or folded up in Apapa and its environs which it ascribed to the intractable traffic congestion arising from deplorable roads and unwarranted activities of articulated vehicles. Consequently, the local government authorities canvassed outright enforcement of Lagos Road Traffic Law, 2012 in Apapa and its environs …

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Fidelity Bank Plc has posted a strong financial performance in the first half of 2017, recording impressive growth in profits, gross earnings and other indices for the six months period ended June 30, 2017. In the bank’s audited results made available to the Nigerian Stock Exchange (NSE) for its verification Wednesday showed that gross earnings rose by 22.1 per cent …

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Thirty-Five (35) quoted companies have been fined N296 million by the Nigerian Stock Exchange (NSE) over their failure to file financial statements with the NSE as slated in their listing requirement. A cursory look at the affected entities show that majority of them are in the insurance subsector, where most quoted securities have turned penny stocks  due to low demand arising …

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One of Nigeria’s largest conglomerate,BUA Group, has unveiled its 1billion dollars Obu Cement factory in Okpella, Edo state at a commissioning ceremony performed by Vice President Prof Yemi Osinbajo. During the ceremony, the Vice President also performed the groundbreaking of a 3million metric tonnes second line within the same complex. In attendance at the event were the Governor of Edo …

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Following a minor electrical glitch resulting in power interruption in some  areas of Murtala Muhammed International airport this evening, management of Federal Airports Authority of Nigeria (FAAN) has ensured the restoration of light to every section of the airport. An  electrical glitch had  caused a minor power interruption at the public concourse of the Lagos international Airport. A statement from …

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