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All posts tagged "headline"

  • GTB-office
    Lawal appointed as GTBank ED

    The Board of Directors of Guaranty Trust Bank plc, has announced the appointment of Mobolaji Lawal as an Executive Director of the Bank. Prior to his appointment, he was the Divisional Head, Digital Banking Division. Lawal joined...

    • Posted February 25, 2017
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  • Ibe Kachikwu 2
    Nigeria produced oil at $27/b in 2016 – NNPC

    The cost incurred to produce a barrel of crude oil in Nigeria has declined to $27 per barrel as at year end 2016, from more than $70 per barrel in 2014. The Nigerian National Petroleum Corporation (NNPC)...

    • Posted February 25, 2017
    • 3
  • 11_Ben_Akabueze
    FG declares 2017 budget ‘padding-free’

    A presidential directive to deduct outstanding electricity bill of the military and para-military from their 2017 budgets has been issued, the Director General, Budget Office of the Federation,  Ben Akabueze, has said. Speaking yesterday while briefing journalists...

    • Posted February 25, 2017
    • 1
  • 20_Mr_Afzal_Parambil
    Emirates appoints new manager for Nigerian, West African operations

    Dubai, United Arab Emirates (UAE) based carrier, Emirates, has appointed Afzal Parambil, as its Regional Manager for West Africa. Prior to taking up his new appointment, Mr Parambil served in a number of commercial roles within Emirates,...

    • Posted February 25, 2017
    • 0
  • finance-minister-kemi-adeosun-1
    Why FG shifted from domestic to foreign loans — Adeosun

    The current debt structure that heavily borrows domestically does not support long term growth ambitions of the federal government and so it must be amended, the Minister of Finance, Kemi Adeosun has said. Speaking on Thursday at...

    • Posted February 24, 2017
    • 0
  • 090316-MTN-Logo
    MTN vows to invest more in Nigeria

    Despite struggling to pay the N330billion fine imposed on it by Nigeria’s telecom regulator, the MTN Group has expressed faith in the country’s economy, promising to put in more investments this year and years ahead. The South...

    • Posted February 24, 2017
    • 0
  • Kemi-Adeosun
    FG to tap private capital, boost spending on infrastructure

    The Federal Government aims to increase the proportion of government spending devoted to infrastructure to 30 percent from 10 percent and to mobilise private capital for additional funding, Finance Minister Kemi Adeosun said on Thursday. The government...

    • Posted February 24, 2017
    • 0
  • CBN
    CBN pumps $500m into FX Market, banks take up only $371m

    In keeping with its promise to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, the Central Bank of Nigeria (CBN) tuesday carried out special wholesale intervention forward sales in the interbank forex...

    • Posted February 23, 2017
    • 0
  • Tax
    Nigeria, others lose $5.8 bn yearly to corporate tax waivers

    The ActionAid Nigeria (AAN) says Nigeria loses $2.9bn annually to corporate tax waivers. The country director of AAN Ojobo Ode Atuluku who said this Wednesday in Abuja added that apart from Nigeria, Ghana and Senegal lose $2.7...

    • Posted February 23, 2017
    • 0
  • An Arik Aircraft in flight
    IATA suspends Arik from airline’s billing system

    Nigerian largest carrier, Arik Air, which was recently taken over by the Assets Management Corporation of Nigeria (AMCON) following huge indebtedness, has been suspended from the International Air Transport Association (IATA) Billing and Settlement System (BSP). However,...

    • Posted February 23, 2017
    • 0