Metro

Heritage Bank Plc, Nigeria’s most innovative banking services provider; has partnered with Folio Group, owners of Daily Times, the organizers of the Miss Nigeria beauty pageant to host the 42nd edition of the contest. Speaking at the grand finale of the contest in Lagos, Mr. Fela Ibidapo, Head of Corporate Communications of Heritage Bank said the bank stands with anything that …

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The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots across the country from Sunday midnight, the News Agency of Nigeria reported. The directive, which has saved Nigerians at least momentarily from fuel crisis, was conveyed in a statement issued by DAPPMA Executive Secretary, Olufemi Adewole, at about 1.20 a.m. on Monday in Lagos. Mr …

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The Central Securities Clearing System (CSCS) Plc has been accredited by the Global Legal Entity Identifier Foundation (GLEIF) to perform all Local Operating Unit (LOU) services in Nigeria. This was contained in a letter dated 26 November 2018 addressed to the company. The accreditation followed an inspection visit by a team of GLEIF representatives. The letter signed by Stephan Wolf, …

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The National Bureau of Statistics on Monday released the country’s Gross Domestic Product report for the third quarter with the economy recording a growth rate of 1.81 per cent year-on-year. The Bureau in the report which was posted on its website said the growth rate of 1.81 per cent represents an increase when compared to the growth rate of 1.5 …

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Former president, Olusegun Obasanjo has denied media reports that he has decided not to support any candidate for next year’s presidential election in Nigeria. Obasanjo made the clarification in a statement today by his media aide, Kehinde Akinyemi saying, “It is disingenuous, if not malicious, for anyone to suggest that Chief Obasanjo was being neutral when he chose not to use the …

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Barring last minute adjustment, National Microfinance Bank  will begin operations in January  2019  as part of measure to ensure more credits flow to the grassroots. According to the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, the National Microfinance Bank will be instituted in partnership with the Nigerian Postal Service (NIPOST) and the Bankers’ Committee with a takeoff capital base …

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Mrs. Toyin Sanni, Group Chief Executive of Emerging Market Limited, at the weekend in Lagos blamed the bearish nature of the Nigerian financial markets on the current political uncertainties ahead of next year’s general elections. Presenting a paper titled at the 2018 edition of 2019 Traders and Investors Success Summit (TISS), organized by Investdata Consulting Limited, Mrs. Sanni, immediate past …

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Alhaji Kassimu Kurfi, a chartered accountant and capital market expert, at the weekend in Lagos, lamented the decision of the Federal Government to reduce the 2019 budget size at a time the nation’s population is growing at a steady 3% rate, just as the number of those within the poverty bracket. Speaking on “Budget delays and implications on the economy …

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Photo Caption: Ladies of the Order of Knights of St. Mulumba, provides medical service equipment to aid healthcare delivery in Lagos State Advertisement

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For Nigeria to claw its way out of deficit in infrastructure, power and energy, transportation as well as eliminating environmental degradation, financial  market experts has called for more domestic participation in green bonds investment. Speaking during a panel session of the 2018 Capital Market Correspondents Association of Nigeria (CAMCAN) Annual workshop which held in Lagos at the weekend, Acting Director …

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