NASS earmarks N23.7B for personnel cost in 2017

NASS earmarks N23.7B for personnel cost in 2017

The National Assembly has earmarks N125billion for its 2017 budget, up from N115billion in 2016.   Under the arrangement, total personnel cost is  N23,789,787,880 while  total overhead cost is N85,878,619,888; total capital cost will gulp N14,940,196,063. A breakdown of the...
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National Assembly passes N7.441tri 2017 Budget

National Assembly passes N7.441tri 2017 Budget

The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly. President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly.  In the...
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NNPC Chief Executives sign performance bond with GMD

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...
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Nigeria intensifies partnership with Brazil on sustainable growth in Agriculture, targets 960,000 tractors in eight years

Nigeria intensifies partnership with Brazil on sustainable growth in Agriculture, targets 960,000 tractors in eight years

 Inline with  ongoing measures to revamp Agriculture across the country, the Federal Government through the Minister of Agriculture and Rural Development, Chief Audu Ogbeh has signed the Protocol of Intention for Nigeria to access Agricultural mechanization ...
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CBN injects $81.2m for BTA, SMEs, others

CBN injects $81.2m for BTA, SMEs, others

As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX),  the Central Bank of Nigeria (CBN) on Monday,  intervened with the sum of $81.2 million in the invisibles and...
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At economic forum, Elumelu implores African leaders on jobs, power

At economic forum, Elumelu implores African leaders on jobs, power

Chairman of Heirs Holdings and Founder of  Tony Elumelu Foundation, Mr. Tony O. Elumelu, CON, has challenged African leaders and policymakers to give priority to jobs and energy.   Speaking    at the opening session of the 2017 World Economic Forum on...
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CBN sanctions First Bank, GTB, others over alleged forex infractions

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window.  According to the CBN, the decision which is with immediate effec...
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NECA  explains inability to pay national minimum wage

NECA explains inability to pay national minimum wage

Nigeria Employers’ Consultative Association (NECA) has urged Stakeholders in the Socio-labour community and players in the Nigerian Industrial Relations’ System to be circumspect in their approach to the heated issue on the review of the National M...
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2,000 seafarers affected by Piracy in West Africa in 2016, says report

2,000 seafarers affected by Piracy in West Africa in 2016, says report

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) programme has indicated. Last year’s rise in...
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Aisha Buhari empowers 1000 women in Kano

Aisha Buhari empowers 1000 women in Kano

The first batch of beneficiaries of the Women Empowerment Programme organized by Aisha Buhari Foundation in Kano concluded their training on Friday.   A statement issued by Director of Information to the Wife of the President, Suleiman Haruna, explained tha...
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UBA posts N22.4b profit in first quarter

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016.   The group also sustained...
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Ecobank merges 74 branches, explores digital strategy

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...
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NSE, London Stock Exchange renew capital market agreement

NSE, London Stock Exchange renew capital market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE).    Under the arrangement, the renewal extends t...
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Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....
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