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Banking/Investments

Wema Bank, Ogun state, others partner set to build modular refinery

The Ogun State Government is going into partnership with a consortium of four private firms to build a refinery, proposed to be the second largest in Sub-Saharan Africa The agreement was signed in Abeokuta between the government and four firms:…

Tincan Island Port Customs generates N25.6bn in September

The various strategic plans aimed at enhancing the revenue collecting capacity of the Tincan Island Port Customs Command have started yielding results following the posting of N25.6 Billion as revenue in the month of September 2016. The feat was achieved…

FOU Ikeja seizes over N130m worth of contraband in September

The Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ Ikeja has disclosed that in the month of September alone, it intercepted various prohibited items with a duty paid value (DPV) of N101,546,650.00. Similarly, the Unit through its interventions recovered N30,154,174.75…

Banking/Investments

Minister To Unveil ‘Change Begins With Me’ To Corporate Nigeria today

The Minister of Information and Culture, Lai Mohammed, will this morning unveil the Federal Government’s national re-orientation campaign ”Change Begins With Me” to the private sector in lagos. A statement issued on Wednesday, said the unveiling was in line with…

FG plans N6.8tn budget for 2017

The Federal Government plans to spend an estimated N6.812tn as its budget for 2017. The figure is about 13.3 per cent or N806bn above the N6.06tn budgeted for 2016. These details were contained in the 2017-2019 Medium-Term Expenditure Framework and…

Mansard introduces Money Market Fund

AXA Mansard Investment Limited has launched two new mutual funds, the AXA Mansard Money Market Fund and the AXA Mansard Equity Income Fund. The company said it introduced the new products as part of its commitment to delivering superior value…

Nigeria’s recession pulling down region’s GDP, says ECOWAS

ECOWAS Commission President, Mr. Marcel de Souza, has said the recession being experienced in Nigeria has a negative impact on the sub-region’s overall economic performance. De Souza said this while presenting the Community Status Report at the ongoing Second Ordinary…

FG pays ECOWAS $54m 2015 community levy

The federal Government has fulfilled its obligation to the Economic Community of West African States (ECOWAS) by paying the 2015 Community Levy of $54m for the implementation of programmes and projects in the sub-region. The group’s Commissioner for Finance, Mr….

UK Roadshow To Promote $1Bn Eurobond FG

In a desperate to mop up liquidity for the economy from the international community, Nigeria’s Debt Management Office (DMO) has launched a one-week roadshow to Britain and the United States. The targets amongst others are to promote a planned $1…

Another $40M Found In Patience Jonathan’s Skye Bank Accounts

In keeping with corporate governance and disclosure standards, officials of Skye Bank Plc have informed the Economic and Financial Crimes Commission (EFCC) of newly discovered accounts owned by Mrs. Patience Jonathan, wife of former President Goodluck Jonathan. The accounts are…