Category Archives: Business News

Unity Bank supports breast cancer campaign

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The Managing Director/Chief Executive Officer, Unity Bank Plc, Mrs. Tomi Somefun, has commended the Breast Cancer Association of Nigeria for sensitising the public and increasing momentum on the multi-sector approach targeted at curbing the spread of breast cancer in the country. Somefun, who led this year’s edition of BRECAN’s Jog for Life charity walk in […]

Eurobond: Fidelity Bank records largest new issue, liability offering

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Fidelity Bank Plc, on October 11, 2017, priced a successful $400m five-year Eurobond with a 10.50 per cent coupon in what is the largest combined new issue and liability management offering ever by a Nigerian issuer. Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited managed the deal, which included an any-and-all cash tender offer […]

World Bank disagrees with Adeosun on borrowing … says cost of debts not sustainable

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The World Bank has disagreed with the Minister of Finance, Mrs. Kemi Adeosun, on the need for the Federal Government to borrow more in order to develop the nation’s infrastructure and stimulate the economy. The World Bank spoke through its Senior Economist, Gloria Joseph-Raji, on Monday in Abuja, saying that the cost of borrowing or […]

Vaccine: IPOB tells pupils to return to school

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The Indigenous People of Biafra has urged parents and guardians in the South-East to send their children and wards back to school. Some parents and guardians in the area had on Wednesday withdrawn their children from schools following a rumour that a military medical outreach was administering lethal injection to pupils in the area. The […]

World Food Day: FCTA urges residents to embrace farming

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The Secretary, Agricultural and Rural Development Secretariat in the FCT, Mr Stanley Nzekwe, has urged residents to be actively involved in agriculture activities to ensure food security. Nzekwe spoke in a briefing with newsmen on Sunday in Abuja as part of closing activities marking this year’s World Food Day. According to him, active engagement in agriculture […]

Catalan leader stalls on independence drive

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Catalonia’s separatist leader on Monday refused to say whether he had declared independence from Spain, calling for an urgent meeting with Prime Minister Mariano Rajoy to settle the country’s worst political crisis in a generation. Responding to a Monday morning deadline set by the central government to clarify his position, Carles Puigdemont wrote in a […]

Nigeria’s real estate industry underdeveloped – Alonge

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Victor Alonge is the Senior Partner and Chief Executive Officer of Nelson Thorpe Alonge, a firm of chartered surveyors and estate surveyors and valuers. In this interview with MAUREEN IHUA-MADUNEYI, he says it will take at least six months to one year post-recession for the real estate industry to pick up Nigeria has been declared to […]

State govts set to fast-track Cs of O issuance

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To complement efforts of the Federal Government to improve access to mortgage financing and the country’s  housing problem, various state governments are beginning to address the challenges associated with doing business in their states as it relates to issues of land and housing. These include passing laws to reduce the time stretch it takes to […]

N13.5bn of shares traded last week – NSE

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A total turnover of 1.555 billion shares worth N13.504bn in 18,409 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, according to the bourse’s weekly report. This was in contrast to a total of 1.493 billion shares valued at N15.107bn that exchanged hands the penultimate week in 14,549 deals. […]

We must borrow more to deliver infrastructure —Adeosun

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The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power. According to her, Nigeria currently has one of the lowest debt-to-Gross Domestic Product figures in the world and the administration has no plan to go […]