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Nigerian multinational financial leading institution, United Bank for Africa (UBA) Plc has said that it has complied fully with the Federal Government’s directives as regards regulation on Treasury Single Account policy. The bank said it is however concerned that its name was mentioned among seven financial institutions directed by a Federal High Court sitting in Lagos to temporarily remit a …

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Leading investment adviser in the domestic economy, Meristem Securities Ltd on Tuesday upgraded the recommendation on Forte Oil Plc to buy from hold. Meristem Securities raised the target price to N77.41 from N64.09, implying a 68 percent increase from the last close. The target matches the consensus average of N77.41. According report made available to Bloomberg, Meristem Securities had before …

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Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which was obtainable previously. …

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Sterling Bank Plc has said that an armed mobile policeman fleeing from an irate mob after shooting a tanker driver disrupted banking operations at the Sterling Bank branch on Creek Road this morning. The bank said that the mobile policeman ran into the premises of the bank to escape being lynched. According to a statement signed by the Chief Marketing …

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Journalists have been invited to apply for the coverage of an entrepreneurship conference. The all expenses travel fellowship is available is available for working journalists who would participate skillfully. Facilitated by the Tony Elumelu Foundation, a nonprofit organization working to promote entrepreneurship in Africa, the organization shall host the Elumelu Foundation Entrepreneurship Forum from October 13 to 15 in Lagos, …

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Business activities were on Tuesday paralysed at the headquarters of the Corporate Affairs Commission following an industrial action by members of staff of the commission. The industrial action led to the closure of the premises of the commission in Abuja thus preventing members of staff as well as well as the general public from conducting any time of business transaction. …

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DAAR Communications Plc, has declared an operating loss of N2.139 billion in 2016, up from N1.515 billion in 2015. The Chairman of DAAR Group, Chief Raymond Dokpesi (Jr.) told shareholders at the weekend in Abuja at a combined 2015/2016 annual general meeting that the economic recession in the country pushed the company’s operating loss from N1.515 billion in 2015 to …

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In continuation of its foreign exchange (Forex) supply drive, Central Bank of Nigeria (CBN), on Monday, intervened in the inter-bank market to the tune of $195million. Figures released by the Bank show that it offered the total sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. The invisibles …

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Adeife Adebiyi is a 2012 Mass Communication graduate of the University of Lagos (UNILAG). The writer and spa therapist has since capitalised on her interest in arts which she aspires to grow into a big brand. Today she is into embellishment and has produced beautiful frames and unique designs and she has used the social media in marketing her products. …

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Despite regulatory allegation confronting Oando Plc, trading on the floor of Nigerian Stock Exchange (NSE) on Monday closed on a positive note, as key market indicators went up as witnessed last week. The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.12 percent, while the Year-to-Date return stood at 23.91 percent. The All Share …

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