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Friday , 16 November 2018

Business

SETBACK ! Nigeria’ll be 2nd biggest rice importer in 2019

“China and Nigeria are projected to remain the largest rice importing countries in 2019, followed by the European Union, Cote d’Ivoire, and Iran,” Nigeria’s rice imports will rise by 13 per cent next year to 3.4 million metric tons, making the country the world’s biggest rice importer after China, according to the US Department of Agriculture in its latest Rice ...

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340 million tablets of Tramadol uncovered at Lagos port

Imported from India, over 340 million tablets of Tramadol stashed in 12 containers at the Apapa Port in Lagos, has been intercepted by National Drug Law Enforcement Agency. The tablets, which were in various dosages ranging from 120 to 250 milligrams, were recovered from 12 containers. “These containers, which have been on the watch list of the NDLEA since November, ...

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NECO releases timetable for Nov/Dec exams

The National Examinations Council has said its November/December 2018 Senior Secondary Certificate Examination would start on Monday, November 19. The acting Registrar, Mr Abubakar Gana, stated this in a statement in Abuja, noting that candidates should check their electronic mail addresses for the timetable. Gana said the examination was earlier scheduled to start on Thursday, November 15, but the council ...

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List of ASUU’s 7 dispute point, meets FG over strike today

The Federal Government through the Ministry of Labour and Employment and leaders of the Academic Staff Union of Universities are expected  to meet in Abuja  Thursday  morning, over the   strike  in  public universities since November 5. The meeting would  focus on reviewing the 2017 Memorandum of Action and renegotiating the unimplemented areas, the memorandum highlighted the seven-point issues in dispute. ...

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Can Access Bank actually buy Diamond Bank? How it could happen

The banking sector was rocked on Monday after the Nation newspaper purportedly reported that Access Bank was considering acquiring Diamond Bank Plc. Diamond Bank and Access Bank have both issued press releases denying that no deal for a potential acquisition was being discussed. Access Bank had acquired Intercontinental Bank, considered bigger at the time, in a deal that catapulted the former into tier one status. ...

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Again, CBN injects $210 million into forex market

Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorised dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium Enterprises (SMEs) and invisibles segments were allotted the sum of $55 million each. ...

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Diamond Bank in panic denial of acquisition talks

Though there are denials .. but we cannot discountenance that Diamond Bank Pc is in a serious trouble. The lender, which has been managing its capital since 2016 to ensure it stays within the minimum regulatory ratio, said it would consider raising fresh funds after selling some assets to strengthen its balance sheet. The directors of Diamond Bank may not ...

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Teleology Takes Over 9mobile, Appoints Directors

he Nigerian Communications Commission (NCC) has finally sold 9mobile, formerly Etisalat Nigeria, to Teleology Holdings Limited. As a result, Teleology has announced the constitution of a new Board of Directors for the nation’s multi-award-winning telecommunication company, 9mobile. This followed the successful completion of the tenure of the former board appointed by the Central Bank of Nigeria (CBN) and in fulfilment ...

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UBA gets GCR Affirms AA-(NG) Rating ,With Stable Outlook

The national scale ratings of AA-(NG) and A1+(NG) in the long and short term respectively assigned to United Bank for Africa (UBA) have been affirmed by Global Credit Ratings (GCR). The Nigeria-based rating agency, in a statement, disclosed that it also affirmed the long term international scale rating of B+ assigned to the lender with the outlook accorded as stable. ...

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UBA Rewards 25 Customers For POS Usage promo ends Dec.

In furtherance of its efforts at promoting less use of cash and encourage payments on its Point of Sale Terminal (PoS) terminals,  United Bank for Africa (UBA) has announced that it will be rewarding 25  customers with N100,000 each, when they make payments with their UBA cards on UBA POS terminals at any merchant location. The promo which is scheduled to run ...

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