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Diamond Bank

NSE puts Diamond Bank shares on full suspension

Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc.
Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.
Diamond Bank

Diamond Bank announces merger with Access Bank

“The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger,” the disclosure, sent to the Nigeria Stock Exchange, said.
Nigeria Stock Exchange

Stockbrokers decry low domestic patronage on NSE

The Chartered Institute of Stockbrokers on Friday decried the low level of domestic investors’ patronage in the capital market and urged government at all levels to prioritise capital market development.

Federal government renews licences for Seplat’s three oil blocks

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.
SAHCO

BPE facilitates SAHCO initial public offer

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.
Hayford Ikponmwosa Alile

Muhammadu Buhari mourns the late Hayford Alile

President Muhammadu Buhari on Wednesday mourned the Spiritual Leader of St. Joseph’s Chosen Church of God International, Apostle Hayford Alile.

Nigeria Stock Exchange lifts suspension on shares of Standard Alliance Insurance

The Nigeria Stock Exchange (NSE) on Wednesday lifted the suspension placed on trading in the shares of Standard Alliance Insurance Plc over non-submission of accounts.

Nigeria’s economic reforms 2017, Q1 worth over $83.9bn

The Federal Government’s economic reforms to attract investments in 2017 and the first quarter of 2018 is said to yield over 83.9 billion dollars.
Skye Bank

Central bank renews mandate of Skye Bank board

The Central Bank of Nigeria (CBN) has renewed the mandate of the board of Skye Bank for additional two years.

EFCC: Investigations over sale of Oyo government shares ongoing

An Abuja-based investigator of the Economic and Financial Crimes Commission (EFCC), Abubakar Aliu Madaki, has told Justice Mohammed Idris of a Federal High Court in Lagos that enquiries into the sale of shares belonging to Oyo State Government in 2007 are ongoing.

Commodity Exchange chief wants right policies to boost non- oil sector

Mrs Zaheera Baba-Ari, the Managing Director, Nigeria Commodity Exchange (NCX), has solicited for “the right policy initiatives” aimed at boosting the country’s non-oil export earnings.

TomTom named official candy of Super Eagles

For at least the next three years, popular candy TomTom will play the role of ‘Official Candy of the Super Eagles,’ following a contract agreement publicly presented by chieftains of the Nigeria Football Federation and Cadbury Nigeria PLC in Lagos on Friday.

Seplat refinances US$300m revolving credit facility

Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas company, listed on both the Nigeria Stock Exchange and London Stock Exchange, has announced that it has successfully refinanced its existing US$300 million revolving credit facility due December 2018 with a new four year US$300 million revolving credit facility due June 2022.

MURIC hails President Buhari’s anti-graft campaign

The Muslim Rights Concern (MURIC) on Monday hailed President Muhammadu Buhari’s achievements in the war against corruption and in the agricultural sector.

Senate to clampdown on Bitcoin, ponzi scheme operators

The Senate of the Federal Republic of Nigeria has expressed great concern over the widespread usage of Bitcoin, a form of Cryptocurrency and other ponzi schemes across the country.

Federal govt targets domestic, export market to build world class mining

The Ministry of Mines and Steel Development says its aspiration is to build a world class minerals and mining ecosystem to target domestic and export market for minerals and ores.

Federal govt’s economic policies commended as investors gain N1.7 trillion in 8 days

The Nigerian stock market has continue to react to the positive market fundamentals and improving macroeconomic outlook since the beginning of the year 2018.

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A group photograph with Kano State governor Abdullahi Umar Ganduje, his deputy Nasiru Yusuf Gawuna, Speaker state assembly Rurum and the newly appointed emirs from left Sarkin Rano, Alhaji Tafida Abubakar Ila; Sarkin Bichi, Alhaji Aminu Ado Bayero; from right Sarkin Gaya – Alhaji Ibrahim Abdulkadir Gaya and Sarkin Karaye, Dr. Alhaji Ibrahim ll. After the official installation of four new emirs by Kano State governor on Saturday at indoor stadium at Sani Abacha. Photo Sani Maikatanga

Group calls for scrapping of new emirates in Kano

A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.

Downpour causes traffic gridlock in Lagos

The rain storm in Lagos on Monday resulted in many residents and motorists counting their losses as it caused traffic gridlock and wreaked havoc in many areas, damaging communication masts, electric poles and other infrastructure.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Federal government declares May 29, June 12 public holidays

The Federal Government has declared May 29 and June 12 as public holidays to mark the transition to a new government and Democracy Day respectively.

Sanitation: Taraba government bans use of polythene bags

Gov. Darius Ishaku of Taraba on Monday banned the use of polythene and plastic bags in the state to boost clean environment.
Governor of Edo State, Mr. Godwin Obaseki

Governor Obaseki: We’ll ensure investors in plantations in Edo preserve forest belt

Edo State Governor, Mr Godwin Obaseki, has said that the state will ensure its forest belt is preserved as more investors in oil palm, cocoa, rubber plantations set up shop in the state, noting that state will collaborate with relevant stakeholders in the sector on a reforestation programme.