All posts by Ifreke Inyang

• 
  Zenith Bank posts N54bn half year profit

  Zenith Bank Plc Thursday declared a Profit Before Tax (PBT) of N54.1 billion for the half year ended June 30, 2013, up from the N50.2billion posted in the corresponding period of 2012. In the results made available...

  • Posted August 16, 2013
  • 0
• 
  We’ll reduce recurrent expenditure to 68.7% — Sambo

  Vice-President Namadi Sambo on Tuesday said recurrent expenditure in the 2013 budget would be reduced to 68.7 per cent from the 71.5 per cent recorded last year. He said in Minna, the Niger State capital while declaring...

  • Posted August 15, 2013
  • 0
• 
  Active telephone lines drop to 120.3 million

  The number of active telephone lines in the country fell to 120,362,218 in June, a decline of 386,536 from the 120,748,754 recorded in May, according to the latest statistics released by the Nigerian Communications Commission on Monday....

  • Posted August 15, 2013
  • 0
• 
  Power privatisation threatened as bidders give FG conditions

  The ongoing privatisation of power sector is facing a threat as winners of the 11 distribution companies of the Power Holding Company of Nigeria PHCN, yesterday issued the Federal Government fresh conditions before completing the balance of...

  • Posted August 15, 2013
  • 0
• 
  NEITI clears PPPRA of N4.42trn debt

  The Nigerian Extractive Industries Transparency Initiative, NEITI, yesterday, cleared the Petroleum Products Pricing Regulatory Agency, PPPRA, over the remittance of the sum of N4.423 billion to the Federation Account. This was made known after a reconciliatory meeting...

  • Posted August 15, 2013
  • 0
• 
  FG to adopt Full Cash Accounting policy January 2014

  Federal Government Monday said that it will adopt Full Cash basis of Accounting from January 2014. The Minister of State for Education, Chief Ezenwo Wike, who disclosed this at the three-day training workshop on the International Public...

  • Posted August 15, 2013
  • 0
• 
  CBN to take delivery of new naira notes by September

  The Central Bank of Nigeria will take delivery of new naira notes before the end of September for circulation, the Deputy Director, Operations, Dr Tunde Lemo, has said. Lemo stated this on Wednesday in Abuja. The apex...

  • Posted August 15, 2013
  • 0
• 
  Mass sack imminent, as new owners take over PHCN

  The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over...

  • Posted August 14, 2013
  • 1
• 
  NSE capitalisation drops N193.47b in four days

  Profit taking on the floor of the Nigerian Stock Exchange (NSE), continued for the fourth consecutive trading session on Monday, as both indicators closed downward with equities capitalisation shedding N71.379 billion. Tthe All-Share Index lost 225.37 basis...

  • Posted August 14, 2013
  • 0
• 
  Housing deficit: FMBN boss woos FG for N200b capital base

  Managing Director of Federal Mortgage Bank of Nigeria, Gimba Ya’u Kumo, on Monday in Abuja put total disbursement made so far to contributors at N100.5 billion, just as it has delivered 56, 000 houses. He urged the...

  • Posted August 14, 2013
  • 0