Nigeria: Minister summons FAAC meeting for Wednesday, to meet NNPC GMD

WorldStage Newsonline– Nigeria’s Minister of Finance and Chairman of the Federation Account Allocation Committee (FAAC), Mrs. Kemi Adeosun, has reconvened the meeting of the Committee for Wednesday, 28th March, 2018 at 9:00am to resolve the dispute that led to its adjourmant on Tuesday without sharing the federation allocation the three tiers of government on Tuesday.

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UBA sustains strong performance with N105.3b pretax profit in 2017

WorldStage Newsonline– United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, which showed that gross earnings grew substantially to N462 billion, up by 20 percent from N314 billion recorded in the corresponding period of 2017.

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Ecobank Nigeria’s boss advocates early stage adoption of financial principles

Ecobank Nigeria’s Managing Director, Mr Charles Kie says early adoption of financial principles is the panacea to success. He has therefore advised students and youths to imbibe financial principles at an early stage of their life as this will help them manage their resources effectively in the future. The Managing Director was speaking during a lecture session with students at Edgerley Memorial Secondary School, Calabar, Cross River State.

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Tony Elumelu Foundation selects 1,000 entrepreneurs for 2018 programme –

More than 150,000 Africans from 114 countries worldwide applied to join the 4th ‎cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme. Today, the Foundation announced the African entrepreneurs with the most innovative, high-potential business ideas.

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Access Bank posts 67% drop in pretax profit, as loan loss provisions hit125%

WorldStage Newsonline– Access Bank on Wednesday published its fourth quarter (Q4) 2017 results which showed that profit before tax (PBT) declined by 67% y/y to N7.2bn. no thanks to the -50% y/y reduction in non-interest income and a 125% y/y spike in loan loss provisions.

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LSETF: 150 trainees secure immediate employment, 600 get commitment

The Lagos State Employment Trust Fund (LSETF) has confirmed that 600 of its trainees have received jobs commitment from employers while about 150 trainee graduates of its skills acquisition scheme under the Lagos State Employability Support Project (LSESP) organized in conjunction with the United Nations Development Programme (UNDP), have secured immediate employment.

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