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…Declares N0.20 Per Share Interim Dividend The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to N222.7 billion, as against N165.6 billion reported in June 2016. This impressive performance, which reflects the strong …

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A frightening statistics from Nigerian Bureau of Statistics in June 2017 revealed that unemployment rate in Nigeria rose from 13.9% in the 3rd quarter to 14.2% in the quarter of 2016. The report further revealed that population of unemployed galloped from 27.12 million in the 3rd to 28.58 million in the 4th quarter of 2016. In August 2017, the statistics …

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In order to fulfill Nigeria’s potential of stimulating economic prosperity, a reformulation of the nation’s business paradigm both theoretically and experimentally must be achieved says Dr. Ayodele Ibrahim Shittu. Dr. Shittu, an expert in Entrepreneurship and Business Innovation Economics, who lectures in the Department of Economics, University of Lagos, whilst delivering the lead paper Titled, “TRANSFORMING BUSINESS AND ECONOMY THROUGH …

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Olabode Adaramola The Dangote Group has signed a landmark Memorandum of Understanding (MoU) with the Niger State Government for the establishment of a state-of–art and fully integrated sugar complex that will generate over 15,000 jobs in the State. Advertisement The $450Million(N166billion) pact was signed on  Wednesday  in Minna Niger State Capital, with President/ Chief Executive Officer(CEO)  of the Dangote Group, …

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After losing 0.91 percent, on Monday, the Nigerian Stock Exchange (NSE) key market indicators on Tuesday August 22, 2017 bounced back on the positive track with 1.03 percent appreciation, bringing the year to date return to 37.54 percent. At the closing of business the All Share Index closed at 36,962.48 against the previous close of 36,584.44 while Market Capitalization closed …

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More than 700 Bureaux De Change (BDC) operators are inactive in the Central Bank of Nigeria’s (CBN’s) Forex Window as forex end users embrace commercial banks, The Nation has learnt. The preference for commercial banks followed the uncompetitive rate regime that shifted the business patronage in favour of the lenders. The practice has cut BDCs’ turnover, putting their businesses under threat. Confirming …

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In a bid to continue boosting entrepreneurship development in order to curb the high level of unemployment in the country, Heritage Bank Plc will once again be the headline sponsor for the fourth season of “The Next Titans,” a Nigerian entrepreneurial Reality TV Show. The move by the bank is a consistent commitment to build the next generation of sustainable …

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Business transaction on Friday August 18, 2017 closed the week on a positive note, as the Nigerian Stock Exchange (NSE) key market indicators increased by 1.66 percent, bringing the year to date return stood at 37.38 percent. With this development, it means the market only experienced positive move in two days and negative trends in three days during the week …

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The board of directors of Prestige Assurance Plc on Friday August 18, 2017 at its 47th, Annual General Meeting (AGM) in Lagos received shareholders’ approval to reduce the issued share capital of the company from N2,685,216,000 to N1,908,705,000 by cancelling and extinguishing 1,553,022,000 of the issued ordinary share of 50 kobo each. Also the company said it has successfully paid …

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Nigerian Stock Exchange closed trading on a positive note Friday as all share index rose 1.66%. Market capitalization at the close of trading was N12,725,510,339,197.47. After trading today, All Share Index was 36,920.56 up 1.66%. Market capitalization closed at N12.7 trillion and volume of shares traded was 236,619,367.00 units in 3,803.00 deals. A value of N4,807,693,729.28 Stocks were traded on the floor. …

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