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All posts by BusinessNews Staff

  • FG recovers over N100bn unremitted taxes, as Reps probe NNPC subsidiaries, 23 banks

    Facts emerged at the weekend, that Federal Government has recovered over N100 billion unremitted taxes sequel to the ongoing investigation initiated by the House of Representatives on commercial banks’ tax accrued to the Federal Government. Abdulmumin Jubrin,...

    • Posted May 20, 2013
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  • AMCON to retire N2tr bonds, refinance another N3.6tr

    Weeks after the call by a call by the International Monetary Fund (IMF) for a wind down of the Asset Management Corporation of Nigeria (AMCON), its management at the weekend announced plans to refinance its initial N5.7...

    • Posted May 20, 2013
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  • FBN Life partners First Bank over bancassurance

    With the goal to become the biggest retail insurer in the country, FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has announced new distribution channels through partnership with First Bank’s over 700 branches nationwide to...

    • Posted May 20, 2013
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  • Power generation: Jonathan okays power ministry’s request to source for funds

    The Minister of Power, Prof. Chinedu Nebo, on Thursday in Abuja disclosed that President Goodluck Jonathan has given him the nod to source for funds to maintain the generation and distribution of electricity. Nebo said this when...

    • Posted May 17, 2013
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  • Banks Must Expand their Loan Portfolio to include MSMEs – Ihejiahi

    The Managing Director of Fidelity Bank Plc, Mr. Reginald Ihejiahi, has called on deposit money banks (DMBs) to put in place a process that will ensure that micro, small and medium enterprises (MSMEs) have speedy access to...

    • Posted May 15, 2013
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  • Stock Market Moves 91% Close to 2008 Peak

    Riding on the back of impressive financial results and growing investor confidence, the Nigerian stock market has moved 91 per cent close to its 2008 peak with the market capitalisation closing at N11.49 trillion last Monday. Following...

    • Posted May 15, 2013
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  • Subsidy fraud: How we got Arisekola’s son, others –EFCC

    The Economic and Financial Crimes Commission (EFCC), yesterday told a Lagos High Court sitting in Ikeja how the N1.1 billion subsidy fraud committed by Abdullahi, son of Aare Musulumi of Yorubaland, Alhaji Abdul-Azeez Arisekola-Alao and his company...

    • Posted May 15, 2013
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  • Google CEO, Larry Page Explains What Happened to His Voice

    For the first time in nearly a year, Google Chief Executive Officer Larry Page is publicly addressing a question about his personal health: why he lost his voice and continues to speak more hoarsely than is normal. Here’s...

    • Posted May 15, 2013
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  • Nokia/Airtel launches Lumia 520 and 720 phones

    In line with its commitment to connect the next billion users through great mobile products, Nokia has introduced two new affordable smartphones under its popular Lumia range, namely the Nokia Lumia 520 and Lumia 720. The new...

    • Posted May 15, 2013
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  • New Aviation Policy: NCAA threatens to sanction errant airlines

    The Nigerian Civil Aviation Authority has threatened to sanction any local or international airline operator who violates the new aviation policy introduced by the Federal Government. The authority’s acting Director General, Joyce Nkemakolam, said this on Monday...

    • Posted May 14, 2013
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