The Board of Union Bank of Nigeria Plc (Union Bank) notified the NGX and Securities Exchange Commission that its investors Union Global Partners Limited, Atlas Mara Limited and other shareholders have reached an agreement with Titan Trust Bank Limited (TTB) to divest their shareholding in Union Bank to TTB. The …
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A fresh crisis has hit Arik Air over a strike action embarked upon by pilots of the airline. The development has forced the airline to take a drastic action by dismissing no fewer than eight local pilots. The management of the airline (In Receivership) confirmed that it dismissed several pilots …
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Nigeria and Morocco signed a memorandum of understanding for research and development in biotechnological products and processes. The National Biotechnology Development Agency is also involved in the research, which includes the production of bio-fertilizer and bio-fungicide (NABDA). NABDA’s Chief Executive Officer, Abdullahi Mustapha, stated that the work includes “potable water, …
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By Bernard Okri In the second week of December 2019, when President Muhammadu Buhari announced the nomination of a certain Muhammad Nami to be the forerunner of the Federal Inland Revenue Service, many were taken by surprise. Known very well to the staff of the FIRS, who he met during …
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When Muhammad Nami was appointed to take over the helm of affairs at the Federal Inland Revenue Service (FIRS), many were of the view that the appointment is to sate the demands of some influential persons as his antecedents doesn’t show him as one that can lead the revenue collection …
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Remi Babalola, former chairman of FBN Holdings Plc appointed by the Central Bank of Nigeria following the abrupt exit of his predecessor, Oba Otudeko, resigned his position due to “the rot, stench and corruption in the system”, PREMIUM TIMES has learnt. Mr Babalola gave up the top board role at …
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Popular Nigerian musician, Davido is the latest ambassador of Puma. The Nigerian star signed a new deal with PUMA, a German multinational corporation that designs and manufactures athletic and casual footwear, apparel and accessories. He shared the news on his Instagram page and wrote: Oh how good does it feel, …
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I’m sure you’re wondering – So, what’s new with FairMoney Microfinance Bank? Now on FairMoney digital bank, you can: – Open an account with N0 balance. – Access your bank 24/7; Anytime, anyday! They’ve got you covered. – Get a loan in as quick as 5 minutes with 0% interest …
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Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed has restated the constitutional role of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on the monitoring of accruals and disbursements of revenue from the Federation Account, pointing that the powers of the commission as constitutionally stated do not relate …
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Dr. S A. Adegoke has denied issuing a circular on alleged delay in payment of December salary of Civil Servants. Adegoke spoke on Tuesday when journalists approached him for clarification on the issue. He described the report as a hoax and work of mischief-makers, who are bent on tarnishing his …
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