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Nnpc

Nigeria Records $226 Million Oil Revenue Drop in June

Revenues from oil and gas production in June were down by 44.65 per cent, showing a drop in value of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value […]

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Nnamdi Okonkwo

Fidelity Bank Records 16% Increase In Half Year Profits

Nigeria’s major lender, Fidelity Bank Plc has delivered a strong financial performance in its first half year ended financial year, with a record double-digit growth in key revenue while it also recorded significant traction in digital banking, despite the country’s challenging and fiercely competitive business environment. Details of the audited half-year result for the period […]

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Uba

UBA Grows Half Year Profits By 21%, Pays Shareholders N0.20 Interim Dividend

Pan African financial institution, United Bank for Africa Plc has announced impressive growth across key performance indices, following significant contributions from its African subsidiaries to the institution’s audited half year ended June 2019 financial results. In spite of the increasingly unpredictable environment witnessed in some of its countries of operations, the pan African financial institution […]

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Tonto Dikeh

Feet ‘N’ Tricks Names Fashanu, Ikpeba, Tonto, Others Ambassadors for 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited, organisers of the Nigerian and African Freestyle Football Championships, has named some prominent entertainment and sport industry personalities, which include former professional English footballer, John Fashanu; former Nigerian footballer, Victor Ikpeba; Nollywood actors, Tonto Dikeh and Williams Uchemba as its brand ambassadors for the 2019 African Freestyle Football Championship to […]

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CBN, Bankers’ C’tte Back Unpaid Loans Recovery From Deposits In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Emefiele

CBN, Bankers’ C’tee Back Unpaid Loans Recovery From Deposit In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Freestyle Football

Feet ‘n’ Tricks Partners Supersport For 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited has unveiled sports broadcast giant, SuperSport Media as its partner for the broadcast of the 2019 edition of the African Freestyle Football Championship (AFFC). With this new partnership, the Pan-African group of television channels, highly recognized as MultiChoice’s pacesetter sports broadcast station for providing quality sports content for sports lovers, […]

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Elumelu

Elumelu At TICAD Africa Development Conference In Japan, To Advance Entrepreneurship

Eminent Banker and Philantropist, Mr. Tony Elumelu, the Founder of Tony Elumelu Foundation and the Chairman of the United Bank for Africa (UBA), is expected to speak at the Seventh Tokyo International Conference on African Development (TICAD), taking place in Yokohama, Japan from August 28 – 30, 2019. As the leading voice of African entrepreneurship […]

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Buhari

$9bn judgment: Buhari Digs More, Asks EFCC, NIA to probe 2010 contract

Apparently still dazed by a UK court verdict, which directed the seizure of $9.6 billion Nigerian assets, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector General of Police to conduct a thorough investigation into Process and Industrial Developments Ltd, to unravel the root cause of […]

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Ms Mary Uduk.

SEC’s E-Dividend net captures 2.7m Shareholders -Set To Release Commission’s Account

The Securities and Exchange Commission (SEC), the apex capital market regulatory authority has said that its e-dividend initiative has been  a huge success, as a total number of 2.7 million accounts of shareholders has been mandated for transmission to the platform as at Thursday August 22, 2019. Similarly, the commission’s account, which has not not […]

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Cabinet

Latest: Buhari Retains Petroleum Portfolio, Swears-In New Cabinet, With Portfolios

President Muhammadu Buhari retains his cabinet position , as Petroleum Minister, the most Nigeria’s  juicy cabinet portfolio, as he swores-in his new cabinet members Wednesday, with their  assigned portfolios.The ceremony took place at the presidential villa in Abuja. With 43 ministers, Buhari now has the largest cabinet in Nigeria’s democratic history. Below is a table […]

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Pricewaters

Remittances To Nigeria To Hit $34.8bn In 2023

Multinational professional auditing firm, PriceWaterhouse Cooper (PwC), has predicted that diaspora remittances to Nigeria is expected hit $25.5 billion by the end of the year and $34.8 billion by 2023. The firm expressed belief that such inflow would continue to strengthen the Nigerian economy in the coming years. According to PwC’s latest White Paper Series, […]

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