MTN Nigeria has formally announced the withdrawal of the court case against the federal government of Nigeria. According to a statement issued on Friday, this is in order to pave way for continue settlement discussions with the Federal government towards an amicable resolution of the matter in the best interests of the Telecom company and […]
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PZ Wilmar, producers of Mamador cooking oil has spent over N20 million including three brand new Hyundai Accent cars to appreciate customers in its ‘Mamador cook and cruise promo.’ One of the winners from Akure, a 19-year-old Emmanuel Enofe, an undergraduate, went home with a brand new Hyundai Accent car presented to him by Head […]
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CREDITORS to the defunct Nitel/Mtel have sent a distress call to President Muhammadu Buhari seeking his intervention in the settlement of their claims. Some of the creditors, who spoke with journalists in Abuja Tuesday, decried what they described as the unwarranted delay in the settlement of their claims. According to them, NATCOM Consortium which acquired the core […]
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THE Nigeria’s most capitalised banking stock yesterday made announce its audit. Guaranty Trust Bank (GTB) Plc, yesterday announced its earnings report for the year ended December 31, 2015, showing growth across key top-line and profitability items. Key extracts of the audited report and accounts for the year ended December 31, 2015 showed that gross earnings […]
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United Bank for Africa (UBA) Plc recorded considerable growths in the top-line and bottom-line in 2015, bucking a downtrend that had seen many banks warning of declining earnings. Key extracts of the audited report and accounts of UBA for the year ended December 31, 2015 released yesterday at the Nigerian Stock Exchange (NSE) showed that […]
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Into four major unit was the Nigerian National Petroleum Corporation (NNPC) been broken into. Minister of State for Petroleum Resources Dr. Ibe Kachikwu yesterday announced the new structure at a briefing in Abuja. According to The Nation, the minister, who is also the Group Managing Director of the organisation, said President Muhammadu Buhari approved the restructuring. He said: […]
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BETWEEN December 2015 and January 2016, the operating revenue of the Nigerian National Petroleum Corporation fell by N53.54bn, the firm’s financial and operations report released on Friday showed. According to the report, which was for the month of January 2016, the corporation’s group operating revenue for December 2015 was N184.4bn, while it made N130.86bn in […]
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POWER supply in the country has dropped by 1,647.88 megawatts from 4,447.88MW achieved on February 2, thereby worsening the rationing that the electricity distribution companies have been subjecting consumers to in recent days. The Nigerian Electricity Regulatory Commission said on Tuesday that power supply through the national grid had dropped below 2,800MW due to vandalism […]
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AS part of its corporate social responsibility (CSR), through its communual initiative, “Sterling Environmental Makeover” (#STEM) series, staff of Sterling Bank Plc, has embarked on a national cleaning exercise and also presented reflective kits to Governor Okezie Ikpeazu, of Abia State, for street sweepers and highway managers in the state. The staff of the One […]
Read More First Bank of Nigeria Holding (FBNH), has finally completed the sale of FBN Microfinance Bank to Letshego Holdings a Botswana based financial institution. The bank announced last December that it has applied for the Securities and Exchange Commission (SEC) approval for the deal, the company has obtained its board approval to dispose of the unit […]
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THE Coca-Cola Company is now a shareholder of the holding company of Chi Limited, Tropical General Investments Group. Both companies, in a statement on Saturday, said a binding agreement had been concluded for the Coca-Cola Company to acquire an initial minority equity shareholding in Chi Ltd. In the statement by Chief Public Affairs and Communications […]
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THE new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory Commission, Dr. Anthony Akah, has said. Akah, who said this when he led top executives of the regulatory […]
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