Metro

Heritage Bank Plc has called on government at all levels and deposit money banks to increase supports in agriculture, as it is the most resilient and important sector of Nigerian economy, despite underwhelming investment in the sector. The Executive Director of the bank, Jude Monye stated this while delivering a paper, titled, “Bank Experience in Lending to the Real Sector …

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Minister of State for Aviation, Hadi Sirika, at the weekend explained that airport officials searched on Peoples Democratic Party (PDP) candidate Atiku Abubakar’s plane was a routine exercise.  In a statement, the minister said: “This is a mischievous attempt to grab the headlines. Nigerians need to know that one of the resolutions of the Atiku team at their recently-concluded, opulently-held Dubai …

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The trial of  former Director-General of Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Patrick Ziadeke Akpobolokeme and five others currently standing trial for allegedly stealing the sum of N754.8 million, has taken a new dimension as  the Economic and Financial Crimes Commission (EFCC) has decided to withdraw charges against three of the defendants and made them its witnesses in …

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The Board of Diamond Bank Plc has debunked the media speculation relating to comments attributed to its former Chairman, Mr Oluseyi Bickersteth. The Bank on Friday, said that, contrary to such media articles, it has not received an offer from an investor to inject cash. According to statement signed by Ezechinyere Anyanwu, Media Relations Officer, Corporate Communication of the bank, …

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Learn How To Save – Ecobank Chief Tells Students Ecobank Nigeria has called on Nigerian students to start engaging in saving as a starting point to imbibing a profitable financial culture. Ecobank Managing Director, Patrick Akinwuntan made this proposition during an interactive session with students at the Edgerly Memorial Girls Secondary School, Calabar as part of this year’s World Savings …

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FSDH Merchant Bank Plc has predicted that about N2.82 trillion coming from matured government securities and Federal Account Allocation Committee (FAAC) are expected to hit the Nigerian money market this month. The bank also projected a total outflow of approximately N1.03 trillion from various sources, including government securities and statutory withdrawals, leading to a net inflow of about N1.79trn. The …

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We refer to our Market Bulletin dated 8 October 2018 notifying the public of the suspension of six (6) listed companies for non-compliance with Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“Default Filing Rules”), which provides that; “If an Issuer fails to file the relevant accounts by the expiration …

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Dangote Cement Plc, Africa’s biggest producer of cement, has expressed interest in acquiring Kenyan rival, ARM Cement Ltd, Bloomberg said it gathered from people knowledgeable about the development yesterday. Aliko Dangote, owner of Dangote Cement, said in an interview with Bloomberg that the company is in talks about a potential acquisition of a company with operations in Kenya and Tanzania. …

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Arrangements have been concluded for pupils and students in the Ward C, Oke-Ira Central area of Ojodu Local Council Development Area (LCDA) of Lagos State to participate in a quiz competition to improve their academic performances. Main organiser of the competition is the Councilor representing Ward C in Oke-Ira Central of Ojodu LCDA, Honourable Gbenga Opebi, who is bent on …

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Femi Adesina, spokesman to President Muhammadu Buhari, says his principal didn’t endorse any figure as the new minimum wage. The tripartite committee had submitted its report to Buhari on Tuesday, with the recommendation of N30,000 minimum wage as being demanded by organised labour. In his speech, the president said he was committed to having a new minimum wage. Subsequently, the Atiku …

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