$1.2bn loan: Glo, others know fate on 9mobile takeover by December 31

The final buyer from among five bidders already shortlisted for the takeover of the distressed Nigerian telecoms company, 9mobile, will be announced by December 31, New Telegraph has learnt. “The December 31 deadline for the handover of 9mobile to the preferred bidder is sacrosanct,” said Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta disclosed in an interview. He spoke on the sideline of the 82th edition of Telecoms Consumers Parliament in Abuja held in Abuja. Globacom Limited, Bharti Airtel, Smile Telecoms Holdings, Helios Investment Partners LLP…

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Environmental Sustainability Campaign: Government Commends Ecobank for Rehabilitating 61-Year Old Pediatric Centre

  The Lagos State government has commended Ecobank Nigeria for renovating and furnishing the main building at the Agbala Pediatric Centre in Ikorodu as part of the bank’s corporate social responsibility effort directed at women and children. Founded in 1956, the Agbala Pediatric Centre has contributed in no small way to maternal healthcare within the Ikorodu area of Lagos. Speaking on behalf of the state commissioner for Health, the Chairman, Lagos State Health Service Commission, Dr. Bayo Aderiye said the contribution by Ecobank will go a long way in resuscitating…

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Ogun plans to raise fund for infrastructure

The Ogun State government has said that it plans to approach the capital market to raise fund to address critical infrastructure in the state. The Governor of Ogun State, Mr. Ibukunle Amosun, who stated this yesterday during a courtesy call to the Nigerian Stock Exchange, said that the state was concluding arrangement to access the capital market and leverage on the opportunities to help develop the state. According to Amosun, the main focus of his administration is mainly on infrastructural development so that the state would become the nation’s investment…

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FirstBank partners Eventful for Fiesta of Flavours

First Bank of Nigeria Limited has again partnered with Eventful Limited to drive Nigeria’s food economy through its sponsorship of the third edition of the Fiesta of Flavours, a world class food and beverage fair. This support reinforces the bank’s commitment to building the entire agricultural value chain from production to consumption, creating opportunities for SMEs in the food sector and enhancing the economic diversification of the Nigerian citizenry at large. FirstBank has invested in agricultural businesses for several years and recently held the FirstBank Agric Expo to explore the…

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Recession: Underwriters grow premium income by 100%

Despite the lull in the economy in the last two years, the insurance sector recorded over a 100 per cent difference in gross premium written compared with same period under the previous administration spanning 2013 to 2014. The record performance under an obviously poor economic atmosphere showed that while the industry ended the 2013 and 2014 financial year with N285 billion and N319 billion gross premium income respectively, representing a difference of N34 billion, the operators during the next two years posted N311 billion in 2015 and N380 billion the…

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Keystone Bank empowers female entrepreneurs

In furtherance of its commitment to empower female entrepreneurs across Nigeria, Keystone Bank Limited through its Pink Network initiative, recently organized a capacity building workshop, tagged: “The Accelerate Business Seminar” for female business owners. The Pink Network is an online platform to learn, get mentorship, share business ideas and interact. The one-day seminar which is the second edition was held on Wednesday December 13, 2017 at the Keystone Bank Learning Academy, Lagos in partnership with Enterprise Development Centre (EDC), Fate Foundation, Junior Achievers Nigeria, SME100 and Trans Royal Couriers. At…

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Buhari, Ganduje inaugurate new ultra-modern rice mill in Kano

  In another effort to boost local rice production, a new 288 metric tonnes per day capacity Amarawa rice mill has been inaugurated in Kano State. Consequently, the inauguration of the facility will further translate to a reduction in prices of the commodity in the market. During his official visit to Kano State recently, President Muhammadu Buhari (GCFR) inaugurated the new state-of-the-art Amarava rice mill factory located at Amarawa Village, in Gezawa Local Government Area of Kano State. Owned and operated by Amarava Agro Processors Limited, a subsidiary of Fullmark…

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