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All posts by BusinessNews Staff

  • Mohammed Barkindo 29872
    Investments return with $20bn in oil sector – Barkindo

    The oil industry is reversing ‘cut backs’ trend with the investment of around $20 billion in the energy sector in the US for the first quarter of 2017, the Secretary General, Organisation of Petroleum Exporting Countries (OPEC),...

    • Posted April 29, 2017
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  • FBN-Holdings-Plc
    FBN Holding grows profit by 10.3% in 2016

    FBN Holdings Plc. yesterday announced its audited results for the full year ended 31 December 2016, with profit after tax grew up to N17.1 billion,  or 10.3% increase above the N15.5 billion in 2015. The group also...

    • Posted April 29, 2017
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  • Mallam Mohammed Bello
    Bello pledges to end multiple taxation

    With the reconstitution of the Federal Capital Territory Inland Revenue Service (FCT-IRS), the necessary machinery has been set in motion to end multiple taxation in the territory. The FCT Minister, Malam Mohammad Musa Bello, stated this yesterday...

    • Posted April 28, 2017
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  • Food stuffs 46839
    FG urged to fix economy and check rising food prices

    Hope Foundation Network, a Non-Governmental Organisation (NGO) based in Asaba, Delta has urged the Federal Government to intensify efforts in proffering solutions to the nation’s economy. The Founder and Executive Director of the Organization, Mrs Bunmi Akinloye,...

    • Posted April 27, 2017
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  • Power-transmission-lines
    Power disco calls for calm over blackout in 4 states

    The Port Harcourt Electricity Distribution Company (PHED) on Wednesday called for calm over electricity blackout in Akwa Ibom, Bayelsa, Cross River and Rivers states. Mr John Onyi, PHED’s Head, Corporate Communication, made the call in a statement...

    • Posted April 27, 2017
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  • rotimi-amaechi-2
    FG to begin dredging of Ajaokuta-Onitsha waterways — Amaechi

    The Federal Government will next week begin the dredging of the Ajaokuta-Onitsha waterways.  The project being execueted by the National Inland Waterways Authority (NIWA) will be launched by the Minister of Transportation, Mr. Rotimi Amaechi, on April...

    • Posted April 27, 2017
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  • Citibank
    Citibank fined $5m for forex rigging

    South Africa’s Competition Tribunal on Wednesday confirmed a 69.5 million rand (5.25 million dollars) settlement with Citibank for its role in rigging rand currency trading. The tribunal said in Johannesburg that Citibank admitted to manipulating the price...

    • Posted April 26, 2017
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  • A-power-plant
    DisCos decry botched N100bn power subsidy

    The 11 electricity Distribution Companies (DisCos) have decried the failure of Federal Government to provide a N100 billion subsidy it promised three years ago, after private investors took over about 18 power sector utilities on November 1,...

    • Posted April 26, 2017
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  • Emefiele 1
    Bank workers to blow whistle on stashed funds

    President of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Comrade Oyinkan Olasanoye, yesterday  implored her members in the Insurance and Banking sector to get involved in the whistle blowing of any person or...

    • Posted April 26, 2017
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  • CBN
    Experts want TSA policy replicated in states, LGs

    Economic and development experts yesterday urged all the three tiers of government to adopt the Treasury Single Account (TSA) and work towards cutting cost while instituting a sustainable tax system across the country. Speaking at the Daily...

    • Posted April 26, 2017
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