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Business

Adolphus Arhotomhenla Aghughu Auditor-General

N4.9trn Unsubstantiated Balances Unaccounted in 2019—Auditor-General

August 19, 2021
By Adedapo Adesanya The Auditor-General of the Federation (AuGF), Mr Adolphus Aghughu, has disclosed that the sum of N4.9 trillion cannot be accounted for in the audited accounts of federal Ministries, Departments and Agencies (MDAs) in 2019. He said this followed the audit carried out by the office on the consolidated financial statement for the fiscal year. Mr Aghughu made
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Zainab Ahmed Infrastructure Market

Nigeria to Begin $6.2bn Eurobond Sale September—Minister

August 19, 2021
By Adedapo Adesanya The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has confirmed that the sale of the $6.2 billion Eurobonds will commence in September. The Minister confirmed this information on Thursday at a workshop organised by the Chartered Institute of Stockbrokers (CIS) in Abuja themed Leveraging the Financial Markets to Achieve Double-Digit Economic Growth for Nigeria.
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Dairy Farming

FG, FrieslandCampina Strengthen Ties to Transform Dairy Farming

August 19, 2021
By Ashemiriogwa Emmanuel The Federal Ministry of Agriculture and Rural Development (FMARD) and FrieslandCampina WAMCO Plc, producers of dairy products in Nigeria, have renewed their ties to further improve the Nigerian dairy industry. This was demonstrated as the Minister of Agriculture and Rural Development, Mr Sabo Nanono and the Managing Director (MD) of FrieslandCampina WAMCO, Mr Ben Langat, recently signed,
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ICT Jobs

Lagos Partners Jobberman to Explore Jobs from AfCFTA

August 19, 2021
By Sodeinde Temidayo David The Lagos State Government has partnered with the single largest job placement website in sub-Saharan Africa, Jobberman, to create 14 million jobs under the African Continental Free Trade Area (AfCFTA) deal. This was disclosed by the state Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, in an interview after the kick-off of a programme to
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Politics

transcorp hotels financial results

Transcorp Hotels, Others Jumpstart Stock Market by 0.05%

April 26, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to the green territory on Thursday after two trading days in the bears’ domain, though weak investor sentiment remained. It marginally closed higher by 0.05 per cent yesterday on the back of bargain-hunting and cherry-picking in equities with sound fundamentals selling at cheaper prices. A pocket of buying pressure witnessed during
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Travel

Latest

Asian Equities Fall on Rising US Interest Rates

By Investors Hub Asian stocks finished mostly lower on Thursday as investors fretted about slowing Chinese growth and the impact of rising U.S. interest rates. Treasury yields edged higher and the dollar firmed up after minutes of the Federal Reserve’s latest monetary
October 18, 2018
European Shares

European Shares Turn in Lacklustre Performance

By Investors Hub European stocks are turning in a lackluster performance on Thursday as investors digest a slew of earnings reports and ponder the minutes from the U.S. Federal Reserve’s September meeting. The dollar has hit a one-week high and the British
October 18, 2018
NHIS delists 23 HMOs

NHIS Suspends Executive Secretary, Names Replacement

By Dipo Olowookere The Executive Secretary of the National Health Insurance Scheme (NHIS), Mr Usman Yusuf, has been suspended indefinitely. Mr Yusuf was suspended on Thursday by the governing council of NHIS following allegations of infractions against him. As a result of
October 18, 2018

Bentley Systems Acquires LEGION

By Dipo Olowookere Leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, Bentley Systems Incorporated, has announced the acquisition of leading pedestrian simulation software provider, LEGION, based in London and supporting more than half of
October 18, 2018

Utimaco Gets Regulatory Approval for Atalla Acquisition

By Dipo Olowookere The management of Utimaco has confirmed getting the United States regulatory clearance to complete the acquisition of Atalla, a division of Micro Focus. According to a statement issued by the company this week, the transaction is scheduled to close
October 18, 2018

Ezekwesili Laments Execution of Hauwa by Boko Haram

By Dipo Olowookere Co-convener of the Bring Back Our Girls (BBOG), Dr Oby Ezekwesili, on Tuesday described Boko Haram’s execution of Hauwa Liman, a worker with the International Committee of Red Cross (ICRC), as heart-breaking. The death of the 24-year-old medical aid
October 18, 2018
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