Category Archives: Business & Economy

P+ Measurement extends partnership with Global Communications Agency

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Media monitoring and evaluation agency, P+ Measurement Services has announced an extension of its media monitoring and evaluation partnership with global communications firm, Burness Communications for 2019. The extension will enable P+ to continue providing print, online, TV and radio

Fuel scarcity hit Nigerians as Petroleum product depot owners shut down operations

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The Depot and Petroleum Products Marketers Association of Nigeria on Sunday directed all its members to shut down operations at midnight of Sunday, December 9, 2018, until the Federal Government pays all the outstanding debt which it owed the marketers.

Buhari approves posting of Treasury staff to NNPC, NPA, others

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The Federal Government’s quest for higher revenue and accountability got a notch higher yesterday as President Muhammadu Buhari has approved the posting of Treasury officers to key Revenue generating Ministries Departments and Agencies (MDAs) of Government where they will function

FG, oil marketers agree on fuel subsidy payment

Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore

The Federal Government and petroleum marketers on Thursday agreed on how the outstanding fuel subsidy claims would be settled by the government. The agreement was reached after a meeting held at the headquarters of the Ministry of Finance. A statement

“FBNQUEST MERCHANT BANK ACTS AS CO-FINANCIAL ADVISOR FOR FGN SUKUK II ISSUANCE”

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Following the success of the first Federal Government of Nigeria(FGN) Sukuk Bondin 2017, FBNQuest Merchant Bank Limitedhas again been appointed as Co-Financial Adviser to the Debt Management Office (DMO)on the issuance of the second N100 billion Sukuk offer. The Sukuk 2offeris aimed

$15,000 special Xmas intervention sale to BDCs begins today

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The $15,000 weekly Yuletide special intervention foreign exchange (forex) sales to Bureau de Change (BDC) operators commences today, the Central Bank of Nigeria (CBN) has announced. In a statement, signed by CBN Director, Trade & Exchange Department, U. Abdullahi, he

Fidelity Bank restates commitment to strategic plan

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Fidelity Bank Plc has reaffirmed its commitment towards achieving its five-year strategic plan. The lender said it will continue to advance  socio-economic development through its Corporate Social Responsibility (CSR) programmes. The bank’s Managing Director/Chief Executive Officer, Nnamdi Okonkwo spoke in

Zenith Bank wins sustainability award

N84bn Zenith Bank’s dividend excites shareholders

Zenith Bank Plc has emerged as the ‘Best Institution in Sustainability Reporting in Africa’ for the second consecutive year. The bank won the award at this year’s Sustainability, Enterprise and Responsibility Awards (SERAS) held on Saturday, December 1, 2018 at

Sterling Bank, Peugot Automobile partner

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Sterling Bank Plc has partnered with Peugot Automobile Nigeria to deliver 50 made-to-order vehicles for official use across the bank’s locations nationwide. The bank teamed up with the Kaduna-based car maker to customise the vehicles based on their deep understanding

Ecobank CEO speaks on Fintech in Africa

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Managing Director, Ecobank Nigeria, Patrick  has listed Africa’s potentials and how the continent can harness opportunities in Financial Technology (Fintech). Speaking  at the third National Fintech Conference and Africa Fintech Festival 2018 Edition in Lagos, on the theme: Fintech- Beyond