Citigroup, others to issue Nigeria’s $1b Eurobond in 2017 The Federal Executive Council (FEC) has approved the appointment of transaction parties for the one billion dollars Eurobond to be issued in January, 2017. Speaking after the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Finance Mrs Kemi Adeosun identified the transaction parties as Citigroup, Standard Chartered Bank, Stanbic IBTC, …

MMM will lead to losses, Access bank warns customers Access Bank Nigeria Plc has warned its customers to avoid dealing with Mavrodi Mondial Movement, a Ponzi scheme, which has been declared illegal by the Central Bank of Nigeria and the Securities and Exchange Commission. The bank in an emailed statement to its customers said it had come to its attention …

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. …

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 …

DANGOTE’s patrol tackles illegal haulage, sanitize Nigerian roads …arrests 244 suspects The initiative of Dangote Group in sanitizing activities of its drivers engaged in illegal haulage has continued to yield results as its National Patrol Unit has over a period of time, arrested 244 suspects for various offences inimical to operations of the company. Còordinator of the unit, CP Magaji …

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 …

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 …

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 …