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UBA Customers Win N30m in Prom

The United Bank for Africa (UBA) Plc has rewarded 20 loyal customers with N1,500,000 each, in the first edition of its quarterly draw for the ongoing UBA Wise S

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Posted On: 16 Jan 2019

Fidelity Bank Gives out N16m i

A total of 13 loyal customers of Fidelity Bank Plc yesterday emerged winners in the third draws of the Fidelity Bank ‘Get Alert in Millions Savings Promo

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Posted On: 16 Jan 2019

StarTimes commissions project,

More Nigerian villages have benefited from the 10,000 African Villages Project, an initiative of the Chinese Government to provide digital TV access to rural co

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Posted On: 15 Jan 2019

Directors Resign As Lufthansa

Barely three weeks after Idris Yakubu, Managing Director of the Nigerian Aviation Handling Company (NAHCO) Plc, was eased out of office, one of its major shareh

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Posted On: 11 Jan 2019

AFDB loans Nigeria $14.1m to a

The African Development Bank Group (AfDB), Tuesday said it has approved a $14.12 million facility through its trade finance operations, to support Nigeria&rsquo

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Posted On: 09 Jan 2019

After $81m recapitalisation ex

The number of commercial banks in operation in Ghana has reduced from 36 to 23, Ernest Addison, Bank of Ghana Governor has confirmed.   The reduction is

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Posted On: 09 Jan 2019

Sterling Bank Break Records as

Since Sterling Bank Plc., Nigeria’s leading commercial bank announced a change in its brand identity to reflect the evolution of the bank from ‘sh

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Posted On: 09 Jan 2019

UN Report indicates Nigeria Lo

The United Nations has said that Nigeria lost an estimated $2.8 billion in revenues in 2018, mainly due to oil-related crimes.   This is according to a n

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Posted On: 08 Jan 2019

Nigeria’s E payment transact

Reports from the Nigerian Interbank Settlement System (NIBSS), have indicated that Nigeria’s electronic payment (e-payment) services, recorded transaction

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Posted On: 07 Jan 2019

Oil cargoes from Nigeria, othe

Crude oil cargoes leaving for the United States from Nigeria and other members of the Organisation of Petroleum Exporting Countries dropped in December to the l

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Posted On: 04 Jan 2019

23 ships with petrol expected

The Nigerian Ports Authority (NPA), says 23 ships carrying petroleum products, foods and other goods are expected to berth from at Apapa and Tin Can Island Port

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Posted On: 03 Jan 2019

NCC Criticises Falana’s Cla

The Nigerian Communications Commission (NCC) yesterday faulted Lagos lawyer Mr. Femi Falana’s (SAN) claim that the country was losing about N600 billion d

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Posted On: 31 Dec 2018

Oil prices close higher on la

Oil prices climbed on the last trading day of the year on Monday, mirroring gains in stock markets, but were on track for the first yearly decline in three year

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Posted On: 31 Dec 2018

Glo overtakes Airtel, emerges

Globacom has emerged as the second biggest Global System for Mobile Communications company in Nigeria by the number of subscribers with 26 per cent market share

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Posted On: 30 Dec 2018

China allows U.S. rice imports

China’s customs administration began allowing rice imports from the United States effective Dec. 27, according to a statement posted on the customs author

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Posted On: 28 Dec 2018

Babade appointed Acting Chair

Diamond Bank Plc on Thursday notified the Nigerian Stock Exchange (NSE) that following the recent resignation of Mr. Oluseyi Bickersteth as Director/ Chairman o

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Posted On: 28 Dec 2018

NNPC spends N623.16bn on fuel

Despite claims to the contrary, the Nigerian National Petroleum Corporation (NNPC) has reported to the Federation Account Allocation Committee (FAAC) that it sp

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Posted On: 26 Dec 2018

Otedola To Sell Forte Oil Sha

The Chairman of Forte Oil Plc, Mr Femi Otedola, has announced his decision to sell all his shares in the firm’s downstream business.   This is comi

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Posted On: 25 Dec 2018

CBN announces truce with MTN

The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal

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Posted On: 25 Dec 2018

Illegal charges, frauds vs int

THE financial sector, especially the banking services system, reflects the moral compass of any economy. Where the integrity of this compass is compromised the

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Posted On: 24 Dec 2018

How intrigues, lapses, losses

A persistent breach of governance rules, particularly manifested in avoidable exposure to the oil sector, leading to huge Non-Performing Loans (NPLs), and board

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Posted On: 24 Dec 2018

Akwa Ibom floats airline

Akwa Ibom State Governor, Mr Udom Emmanuel has announced the take off of the Akwa Ibom State owned new airline company.   The governor who disclosed this

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Posted On: 24 Dec 2018

Foreign Portfolio Investments

Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion between July and September 2018 from the Nigerian Stock Exchange (NSE), THISDAY has learnt.

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Posted On: 24 Dec 2018

Access and Diamond Deal is Pos

One of the leading global rating agencies, Moody’s Investors Service, has stated that the recent business combination agreement between Access Bank Plc an

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Posted On: 22 Dec 2018

DIAMOND BANK: BIRTHED BY THE

Mr. Pascal Dozie founded and nurtured Diamond Bank from 1991 to 2005. After growing the bank to an enviable height for 14 years, he relinquished the Chief Execu

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Posted On: 21 Dec 2018

Apple risks iPhone ban in Germ

A German court on Thursday found in favour of US chipmaker Qualcomm in a patent dispute case against Apple, which could lead to a ban on sales of iPhones in Ger

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Posted On: 21 Dec 2018