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Investment Diversification Crucial for Investors in Current Economic Climate-Oyebola, MD, FBNQuest

  The Managing Director of the Asset Management business of FBNQuest, a part of the FBN Holdings group, Michael Oyebola, has underscored the importance of investment diversification as a critical tool of personal and institutional financial planning in light of the prevailing economic realities in the country. According to “A ...

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1.04 Trillion Fine: MTN Seeks Out-Of-Court Settlement

Telecommunications outfit, MTN Nigeria has asked for an out-of-court settlement in its suit against the N1.04 trillion fine imposed by the Nigerian Communications Commission (NCC). According to reports culled from Technology Times, Wole Olanipekun, a Senior Advocate of Nigeria who led a team of MTN lawyers made up of 10 senior advocates, told the presiding ...

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Ambode Welcomes Admission of Lagos State To Odu’a Group

  The Lagos State Governor, Mr. Akinwunmi Ambode, has welcomed with joy and enthusiasm the admission of Lagos State as the sixth member of the Odu’a Group, describing it as a major landmark in the effort of the South-Western States of Nigeria towards regional integration. In a statement issued on ...

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Activists Unite To Stop ‘Urban Development’ Water Privatization In India

Civil society in India and global activists have taken a cue from the anti-Lagos water privatization actions spearheaded by the Environmental Rights Action/Friends of the Earth, Nigeria with the kick off of a two-week action including rallies to expose the failure of Nagpurs public-private partnerships(PPP) water privatization promoted by the ...

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Visafone Acquisition: MTN May RecallSacked Staff

The sacked workers of Visafone, the largest CDMA operator in Nigeria, by MTN Nigeria may be recalled, THISDAY has learnt. MTN last Friday finalised the acquisition of Visafone, a process it started early last year. It took possession of the company last Monday but had ordered Visafone to sack all ...

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Channel loans To real Sector, IMF Advises Nigeria

The International Monetary Fund (IMF) has advised Nigerian Government to reposition the financial sector to boost growth by improving lending to the real economic sector. The Managing Director, IMF, Ms Christine Lagarde, gave this advice on Wednesday in Abuja at a news briefing on the outcome of her meeting with ...

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Lagarde Arrives Abuja for Talks on Economic Development

  The Managing Director, International Monetary Fund (IMF), Ms. Christine Lagarde on Monday arrived in Nigeria on a four-day visit to engage policy makers on ways to promote economic development in the country. Lagarde was welcomed by the Minister of Finance, Mrs Kemi Adeosun and the Governor, Central Bank of ...

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N1.4trn Fine: No Going Back On Dec 31 Deadline, FG Tells MTN

The Federal Government, on Monday said it would not relent in its bid to make MTN pay the N780 billion fine slammed on it by the Nigerian Communications Commission, NCC. The NCC had sanctioned MTN for refusing to remove over 5.1 million unregistered telephone subscribers from its network. The regulator ...

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Dutch Rules that Nigerian Farmers Can Sue Shell

A Dutch Appeals Court ruled Friday that four Nigerian farmers may take their case against oil giant Shell to a judge in the Netherlands, in a landmark ruling involving multinational corporate governance. “The Dutch courts and this court consider it has jurisdiction in the case against Shell and its subsidiary ...

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N1.04trn Fine: MTN Threatens Court Action Against NCC, Says, We Won’t Pay

MTN Nigeria has finally indicated its refusal to pay the N1.04 trillion fine slammed on it by the Nigerian Communications Commission, NCC, for its failure to disengage about 5.1 million improperly registered subscribers on its network in August and September 2015. The telecommunications giant also decided it would challenge the ...

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