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Business & Finance

MTN Pays Off Bulk Of $1.5bn Fine

South African telecoms giant MTN has paid more than three-quarters of a record $1.5 billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said late Tuesday. Africa’s biggest wireless operator was initially fined $3.9 billion in October 2015, after failing to disconnect 5.1 million subscribers — amid concerns the lines were being used by Boko ... Read More »

How FCMB Drives Value With Diversified Investments, Operations

First City Monument Bank (FCMB) has said its prosperity is linked to prudence of management, professionalism in leadership and continuous motivation of its workforce and the firm’s intense commitment to excellent customer service. Besides, its 40years of investment experience, solid foundation and rare business acumen, foresight and excellent capacity to forecast trends in a consistently volatile and unpredictable socio-political and ... Read More »

AMREC, CEADESE Empower Farmers On Poultry, Fish Farming

The Agricultural Media Resources and Extension Centre (AMREC) has empowered over 150 farmers and youths in Iwoye Ketu and environs in Ogun State, with skills in Poultry and Fish Farming. The empowerment, in collaboration with the Centre of Excellence in Agricultural Development and Sustainable Environment (CEADESE), Federal University of Agriculture, Abeokuta (FUNAAB), tagged: “International Short Course and Capacity Building on ... Read More »

Cooking Gas Marketers Laud FG On VAT Removal

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group President, Mr. Nosa Ogieva-Okunbor, in a statement said the federal government had signed the approval of VAT removal on LPG and gazetted same. According to him, clamor for VAT removal from ... Read More »

Access Bank Targets 100,000 Subscribers For Xclusiveplus

Access Bank Plc said it is targeting about 100,000 subscribers in its XclusivePlus platform, a premium subscription lifestyle, which was launched last year, to offer clients with exceptional services and exclusive privileges that would impact the lives of the customers by December. Speaking in Lagos, recently, the Head, Consumer Proposition, Access Bank Plc, Dolapo Orelaja, who believes the target would ... Read More »

Stockbrokers Upbeat Over MTN’s Share Listing Tomorrow

Although the issue is still much under wrap, stockbrokers have expressed excitement to receive MTN Nigeria’s 20.4 billionshares at the local bourse tomorrow. The much-awaited listing of MTN Nigeria shares on the Nigeria Stock Exchange (NSE), is expected to happen thursday, according to market sources. Still, the bourse refused to confirm the development, except to confirm in an invite to ... Read More »

Oil Hits $71.75 On Saudi Attacks

Oil prices are rising as escalating tensions in the Middle East stoke fears about a global supply crunch. Brent crude futures — the global benchmark — gained about 1.9 per cent earlier yesterday to trade at $71.75 a barrel. US crude oil futures gained about 1.6per cent to $62.48. Both markets pared those gains later as the escalating US-China trade ... Read More »

Probe CBN Over Alleged Missing N500bn, PDP, Others Tell Buhari

The Peoples Democratic Party, the Social Democratic Party, and human rights lawyer, Mr Femi Falana (SAN), have called on President Muhammadu Buhari to ensure that the allegation of missing N500bn in the Central Bank of Nigeria is thoroughly investigated. Also, the Centre for Anti-Corruption and Open Leadership, in a statement, has requested an independent probe into claims of financial fraud. ... Read More »

Commodities market will aid economic diversification ― SEC

  The Securities and Exchange Commission has said the commodities trading ecosystem is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration. The acting Director-General, SEC, Ms Mary Uduk, while speaking at a capacity building programme for judges and top management members of the Investment and Securities Tribunal in Abuja on ... Read More »