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Business & Economy

Millions lost as parts of Lagos Airport Hotel burns down

Millions of naira was lost today as portions of the Lagos Airport Hotel, located on Awolowo Way, Ikeja was earlier today engulfed in flames. As at the time of posting this report, the reason for the fire has yet to be determined but rooms 270, 271, 273 and the entire computer …

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PassageGold launches Rail Europe GSA in Nigeria

Passagegold Travel Agency Limited has been appointed Rail Europe GSA in Nigeria for the exclusive distribution of rail tickets and rail passes covering over 11,000 routes in 28 countries within Europe including non-European rail products in Canada, Australia, Japan and South Korea, thereby offering Nigerians a one-stop shop for access …

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UBA appoints new Executive Directors to Board

United Bank for Africa PLC, has announced five new appointments as Executive Directors, subject to the approval of the Central Bank of Nigeria (CBN), they are: Ayo Liadi, Oliver Alawuba, Ibrahim Puri;  Uche Ike and Chuks Nweke. All bring considerable experience to the Board and, as a sign of the …

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President Buhari, business community proffer ways to woo investors at KEIS

President Muhammadu Buhari joined a team of investors and potentials in Katsina to woo investors into the state while assuring that Federal government will work closely with private sector in a bid to advance the course of growth and development of the country. The president made this known on May …

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Labour gives FG till Wednesday to revert pump price or…

The National Executive Council (NEC) of the Trade Union Congress (TUC) have  issued government a three working-day ultimate till Wednesday, May 18, 2016 to revert the pump price of Premium Motor Spirit (PMS) back to the former price of N86.50k or face a major industrial action. Federal Government on Tuesday, …

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Emirates Group announces record US$2.2 billion profit

*Airline records 56.4billion passenger, cargo capacity For the 28th consecutive year running, Emirates Group has announced profit and steady business expansion, ending the 2015-16year with record profits of  AED 8.2 billion (US$ 2.2 billion)  and in a strong position despite the global and operational challenges during this period     Released yesterday …

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Nahcoaviance cough out N100m to avoid FIRS shutdown over tax default

Nigerian Aviation Handling Company, nahcoaviance, Plc has for a while refused to remit millions of naira in taxes to the coffers of the federal government an act that saw the Federal Inland Revenue Service (FIRS) hold the company liable threatening to shut it down last week. It was gathered that …

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Nigeria, Cameroon intensifies collaboration on economy diversification, security

President Muhammadu Buhari has declared that it is high time the country went back to the lands to ensure food security as well as to diversify the economy. President Buhari made this known this afternoon, in a joint Press Conference at the Transcorp Hilton Hotel, Abuja with Cameroonian leader, President Paul …

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GTBank announces N30.68 billion 1st Quarter, 2016 profit

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. According to the Bank, decline in trading and revaluation gains occasioned by FX paucity robbed off on the impressive performance recorded with a 4.6% decline …

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Retirement Planning: Stanbic IBTC Pension Managers intensifies campaign

AS part of efforts to prepare people for retirement and avoid financial constraint during geriatric years, Stanbic IBTC Pension Managers Limited, has announced that it would be continuing its nationwide campaign to raise awareness about retirement planning. According to the pension administrators, Lagos is the first among key cities across …

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