For the generality of Lagos’s music lovers, especially those interested in the gospel genre, August 13 is a day to look forward to. That’s the day Tim Godfrey and Rox Nation in collaboration with House On The Rock would play host to this year’s edition of “Fearless” –a free gospel musical concert scheduled to hold on Sunday, at The Rock …

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A new measure to restructure Nigeria’s debt profile by borrowing more in dollars was announced yesterday. Minister of Finance Kemi Adeosun told reporters at the end of the Federal Executive Council (FEC) meeting that the government will also refinance treasury bills. She said: “The memo that I presented and approved by council is part of efforts to restructure our debt …

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African Export-Import Bank (Afreximbank), said it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts. According to a statement by the bank’s Head of Communications, Mr. Obi Emekekwue, on Thursday said that the equity offering would be held under its Class “D” shares. The bank’s Class “D” are …

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Renowned automobile firm, Mercedes-Benz has sustained its successful streak of double-digit growth since the beginning of the year. Already, the firm has commenced the third quarter with a new sales record of 181,791 vehicles sold in July. This now adds up to a total global sale of 1,326,065 vehicles worldwide – a percentage growth of 13.3% compared to 2016. “With …

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As key market indicators continue to appreciates, transaction on the floor of Nigerian Stock Exchange (NSE) on Wednesday shows that Guinness Nigeria Plc, that is currently seeking for fresh capital from existing shareholders, through right issue, topped the gainers table for the second trading day. With the current price increases in the share of Guinness Nigeria, it’s obvious that the …

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At least N11tn meant for the provision of adequate electricity for Nigerians was squandered under ex-presidents  Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan, a report alleged on Wednesday. The report released by Socio-Economic Rights and Accountability Project at the Westown Hotels, Lagos on Wednesday also estimated that the “financial loss to Nigeria from corruption in the electricity sector” may further …

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A sexagenarian, Saka Olainukan, was on Wednesday brought before an Ebute Meta Magistrates’ Court in Lagos for allegedly beating his wife to death. Olainukan, 60, whose plea was not taken appeared on a charge of murder. Magistrate Tolu Idowu ordered that Olainukan should be remanded at the Ikoyi Prisons, pending an advice from the Lagos State Director of Public Prosecutions. …

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Lafarge Africa Plc has become one of the key partners of the Council for the Regulation of Engineering   in   Nigeria (COREN) for   the   research   and   development   of   Nigeria’s   first Concrete Mix Design Manual. The company is the country’s only cement and concrete manufacturer that contributed to the development of the manual which was launched in Abuja. Speaking at the launch …

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Pension Fund Administrators have gradually increased the amount of funds invested in infrastructure under the Contributory Pension Scheme to N4.2 billion. Figures obtained from the National Pension Commission on Tuesday showed that this translated to 0.07 per cent of the total funds under the scheme, which rose to N6.49 trillion as of April this year. According to PenCom, in May …

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The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) meeting will hold next week in Lagos. The meeting is the second in 2017, the CMC meeting is where key stakeholders in the capital market meets to discuss issues and development in the market and how to proffer solution for the growth of the market. In a similar vein the …

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