Politics

Union Bank Get’s Nod to Raise N50 Billion Right Issue Sequel to its growth plans, Shareholders of Union Bank of Nigerian Plc yesterday approved the request of board of directors to raise N50 Billion for the bank growth plans. The approval was given at an Extra Ordinary General Meeting (EGM) held in Lagos. However, this is subject to the company …

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FG issues airlines January 1 ultimatum to remit TSC,CSC to agencies The Federal Government in a bid to put an end to Airlines indebtedness to Aviation Agencies arising from the 5 per cent Ticket Sales Charge/Cargo Sales Charge(TSC/CSC) has given 1st January, 2017 as the deadline for airlines operating in the country to automate their remittance / payment systems forthwith. …

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FirstBank mobile banking app, FirstMobile hits one million users FirstBank launchmobile banking platform has recorded a milestone in its user numbers with the attainment of 1million active users. FirstMobile as part of its drive to leverage evolving technology in its provision of cutting-edge banking services as well as boost convenience and ease of banking to enhance customers’ digital banking experience …

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FG says to tighten the noose on maritime criminals The Federal Government is planning to take strict measures to make its terrain difficult for maritime criminals to operate, the Senate said on Wednesday. To tighten the noose on maritime criminals, the Senate said it has proposed a special tribunal to facilitate speedy prosecution in cases of arrested vessels, crew members …

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Minister of Agriculture and Rural Development Audu Ogbeh FG Plans $3.2bn Capitalization for Farming Lender The Federal Government plans to capitalize its state-owned Bank of Agriculture with 1 trillion naira ($3.2 billion) and will authorize the lender to take deposits as Africa’s most populous nation seeks to boost farming output and reduce food imports. “We are looking at 25 million …

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Nigeria needs 2.4m litres of biodiesel daily Nigeria needs 2.4 million litres of biodiesel daily to successfully implement the Paris Agreement on Climate Change, the Jatropha Growers, Processors and Exporters Association of Nigeria has said. The National President of JaGPEAN, retired Maj. Gen. J. Omosebi, stated this at the second interactive meeting of the national and state executives of the …

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As the war against insurgency in the North Eastern Nigeria subsides, the European Union (EU) has pledged 20 million dollars to support the Nigeria’s Federal Government to rebuild mainly markets and warehouses in the North-East and Niger Delta regions. According to a monitored news from the News Agency of Nigeria (NAN), the EU Ambassador to Nigeria, Mr Michael Arrion, gave …

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Four billion people lack internet access worldwide – UN Almost four billion people still lack access to online platform through the internet, UN Department of Economic and Social Affairs says, pledging to tackle the divide. The Assistant Secretary-General for Economic Development at the department, Lenni Montiel, stated this on Tuesday at the 11th annual UN Internet Governance Forum, which opened …

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SEC, Fund Managers Work on E-Transfer to Boost Financial Inclusion The President of Fund Managers Association of Nigeria (FMAN), Dr. Ore Sofekun has said that the association is working with the Securities and Exchange Commission (SEC) on electronic transfer of funds so as to boost financial inclusion. Speaking at the annual workshop of Capital Market Correspondents Association (CAMCAN) of Nigeria …

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Tony Elumelu Foundation Announces 3rd Round of TEF Entrepreneurship The Tony Elumelu Foundation (TEF) will begin accepting applications for the third round of the TEF Entrepreneurship Programme. The Programme is the Foundation’s 10-year, US$100 million commitment to training, mentoring and funding 10,000 African entrepreneurs. The application portal will be open until midnight (WAT), March 1, 2017. Entrepreneurs must complete the …

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