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Sunday, March 19, 2017

Business

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Major Highlights of 2017 Budget Capital Expenditure = N2.078 trillion Recurrent Expenditure = N2.9 trillion Exchange Rate = N305 to US$1 Oil Benchmark = ‎$42.5 per barrel‎ (p.b) Oil Production Level‎ = 2.2 million per day The Nigerian Government has proposed a budget of N7,281,361,611,853...
President Muhammadu Buhari’s daughter, Zahra, has signed an agreement to be the new ‘Ambassador At Large’ for ACE charity organisation. ACE (Assisting caring and empowering) charity is a non-profit organisation making a sustainable, realistic and effective difference in the lives...
The Naira on Wednesday depreciated slightly against the Dollar at the parallel market, dropping by N2. The currency traded N222, N350 and N256 against the Dollar, Pounds and Euro, respectively. On Monday and Tuesday, it traded at N220, N345 and N252...
Ever wondered…if your life was a movie, what would you like it to be? Would you play a protagonist? Would it be a comedy or a thriller?  First Bank of Nigeria Limited, Nigeria’s most valuable banking brand, is offering...
Former fugees singer Lauryn Hill was  forced to cancel her scheduled performance at the O2 Shepherd's Bush Empire on Wednesday night because of her past legal troubles. Hill announced on Facebook that she would not be performing, saying that...
The International Monetary Fund, yesterday, called for stronger financial regulation to protect banks from corporate failure. This was one of the recommendations made by the Fund in its Global Financial Stability Report issued yesterday. The report warned that emerging markets should...
  Lagos,  Nigeria,  Monday,  October  12,  2015.  Daroc  Distribution  Nigeria  Limited,  a  branddistribution and sales company and a member of Rocco Global FZC with the headquarters in theUK has  introduced the DENIM range of  fragrance (Body Spray,  Aftershave and Shower...
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand will be showcasing its digital offerings at the 2017 Social Media Week 2017 in line with its digital transformation strategy. The Bank as always will be partnering with the...
MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning over the N1.04tn fine imposed on MTN Nigeria by the country’s regulatory body – the Nigerian Communications Commission. Phuthuma Nhleko takes over as Executive Chairman in a...
Popular businessman and billionaire, Mr Jimoh Ibrahim got a rude shock on Monday while delivering a public lecture when unpaid workers from his company stormed the venue in protest. Ibrahim, the group managing director of the Energy Group, was delivering...
Wema Bank Plc. has for the second year in a row made February its month of giving by donating funds for the treatment of children in emergency wards of three government-owned hospitals across the country. The initiative called Purple Nectar...
On Sunday, December 27, 2015, the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos witnessed Olamide Live In Concert 2, Nigeria's biggest music event of the year. Featuring some truly stunning live performances and imagery from the likes...
According to fresh reports emerging, one of Britain's largest carriers, Virgin Atlantic, has laid off all its Nigerian Cabin Crew members. E-mails from several affected former staff, revealed that Richard Branson's Virgin Atlantic Airways has laid off all their Nigerian...
Award winning rapper Olamide has bought a few cartons of Koko Garri from its maker, the entertainer known as D'banj. Today, July 27, 2015, Olamide posted a picture of seven cartons of Koko Garri he purchased. "Koko garri for igboro...
True to its quest to deepen the SME space and make it accessible to more business start-ups, Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has commenced the sponsorship of an SME Radio programme, The Economy &...
First Bank of Nigeria limited, Nigeria’s most valuable bank brand has extended its digital multi-channel customer support platform by launching a dedicated twitter account - @FBN_help to identify, respond to and resolve all customer enquiries, issues, questions and queries...
The naira is now expected to regain some prominence soon against dollar on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. “We have...
The National Agency for Food and Drug Administration and Control (NAFDAC) has fined Guinness Nigeria Plc, N1bn for violating laid down rules. Punch Newspapers reports that NAFDAC accused Guinness of allegedly revalidating expired products without authorisation and supervision, and exposing...
Thirteen ships laden with petroleum products, food items and other goods have arrived at Apapa and Tin-Can Island Ports in Lagos waiting to berth. The Nigerian Ports Authority (NPA) stated this in its daily publication-`Shipping Position’- made available to newsmen...
To celebrate its 100-year milestone while delivering on its promise to provide consistent banking solutions, Union Bank, one of the longest-standing innovative banks in Nigeria, recently launched five state-of-the-art branches in Edo State. The upgraded branches are located at Akpakpava...
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