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Chicago Booth School of Business has announced its 12 weeks Business Reporting Journalists In Residence Fellowship at the Stigler Center, University of Chicago Booth School of Business Chicago, Illinois, USA. In a publication made available by the institution, the initiative was launched in March 2017 to provide training for business journalists. “The Stigler Center Journalists in Residence Program provides a …

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With a combined foreign debt profile of $1.89bn, Lagos, Kaduna and Edo have retained their spots as the states most exposed to foreign debts. As of June 2016, the three states had a combined foreign debt profile of $1.84bn. Statistics obtained from the Debt Management Office in Abuja on Thursday showed that the 36 states of the federation and the …

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First Bank of Nigeria Limited has acquired the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary. FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011, when the Bank acquired a 75% stake in FBNBank DRC. Following the acquisition, FBNBank DRC  “has continued to expand its product …

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The Debt Management Office (DMO) said yesterday  the Federal Government would float Eurobond to raise 2.5 billion dollars before December. DMO Director-General Patience Oniha stated this at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos. She said the borrowing would enable the country to bridge the gap in the 2017 …

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending NIRSAL, an initiative of the Central Bank of Nigeria, on Thursday said it had successfully disbursed N2.63 billion to 24,732 rice farmers for the 2017 planting season. The Managing Director/Chief Executive Officer, Mr. Aliyu Abdulhameed, stated this while delivering a keynote address at the Nigeria Agribusiness Group Conference. He spoke on …

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The Registrar General of the Corporate Affairs Commission CAC, Bello Mahmud, has said that anyone can now register businesses with the commission from the United Kingdom, China and even the United States. Addressing journalists, on Thursday in Abuja on CAC’s attainment of three ISO certifications within his eight-year tenure, Mahmud said distance is no longer a barrier to business registration …

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The Federation Account Allocation Committee FAAC, on Thursday shared the sum of N637.7 billion among the three tiers of government. The amount, which is for statutory allocation for the month of August, represents an increase of N169.9 billion over the N467.8 billion, which the committee allocated in the month of July. Addressing journalists shortly after the meeting, which was held …

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Barring any last minute change, the Ministry of Budget and National Planning said its in the process of finalizing the 2018 Budget proposals preparatory to submission to the National Assembly in October 2017 as earlier indicated. The Budget ministry said that the impression that the 2018 Budget proposals will now be submitted to the National Assembly in January 2018 as …

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The Securities and Exchange Commission (SEC) drive on zero tolorence for infraction in the equities market Thursday received a major boost as BGL Group and its officials  were arraigned at the Chief Magistrate Court Zone 6, Abuja on charges of  criminal conspiracy, Breach of Trust and cheating. The alleged crime is said to be contrary to Sections 96, 312, 322 and 323 …

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To further shore-up the bank’s cutting edge drive in banking product innovation, the Managing Director / Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun has said that the bank will be leveraging on technology to expand its retail business across the country. The CEO who disclosed this on Thursday at the bank’s 11th, Annual General Meeting (AGM) in …

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