Business

Vice President Professor Yemi Osinbajo

FG Re-Inaugurates Privatisation Council

Business June 23, 2017 at 3:57 pm 0 comments

The Federal Government has reconstituted the National Council on Privatisation (NCP) after two years since its assumption of power.
The Acting President, Professor Yemi Osinbajo, who chairs the NCP noted that the council had handled the privatisation and reformation of 142 public

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Consortium of Banks Not Interested In Taking Over Etisalat, Wants Telecom Operator To Pay Debt

Consortium of Banks Not Interested In Taking Over Etisalat, Wants Telecom Operator To Pay Debt

Business, News June 23, 2017 at 9:18 am 0 comments

There are strong indications that the consortium of banks being owed N541 billion by Etisalat Nigeria has no intention of taking over ownership of the telecoms network.
Bloomberg had reported on June 20, 2017 that Etisalat Group, the parent company of Etisalat Nigeria announced a filing to Abu Dhabi Securities

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etisalat

Etisalat: Debt News Inflated, Not True

Business June 22, 2017 at 12:04 pm 0 comments

Etisalat has repaid 42 percent of the debt owed Nigerian banks and is not owing the humongous $1.2bn, as being reported in the media.
The clarification was made by the troubled telecommunications company today.
“As at today, we can categorically state that the outstanding loan sum to the consortium(of banks)

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Bicci Alli

Why Osun Sealed Banks, Schools, Others – OIRS Acting Chairman, Bicci Alli

Business June 21, 2017 at 2:29 pm 0 comments

The Osun State Government has explained why it shut down some commercial banks, private higher-institutions of learning and other organizations in the state.

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Wema Bank

Osun Seals Wema Bank, Unity Bank, JABU, Others Over Tax Evasion

Business June 9, 2017 at 11:59 am 0 comments

The Osun State Government on Thursday sealed off two new generational banks, WEMA and Unity Banks, over refusal to pay taxes and other levies due to the State.

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2017 Q1 GDP Figures: Recession Is Losing Its Hold On Nigeria

2017 Q1 GDP Figures: Recession Is Losing Its Hold On Nigeria

Business, News May 24, 2017 at 1:27 pm 0 comments

The Nigerian economy is said to be emerging out of recession even if it at a slow progressive pace. Growth has continued in agriculture and a notable positive turnaround has now been recorded in manufacturing and non-oil sectors, while a slow down in negative growth rates is noticed in

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