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Business

April, 2016

  • 22 April

    Panic In Jonathan’s Camp , As EFCC Arrest Nenadi Usman

    There are indications that ex-president Jonathan’s camp is uncomfortable with arrest of a major actor in funds transfer for his failed presidential bid..the Economic and Financial Crimes Commission  arrested the Director of Finance of the Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman, for allegedly receiving N2.5bn from the Central Bank of Nigeria. A top official of the EFCC, said the ...

  • 22 April

    Sterling Bank urges FG to implement budget

    Sterling Bank Plc has emphasised the need for the Federal Government to fully implement the 2016 budget. The bank called for a lower interest rate regime to support economic activities, reformed governance structures, and an improvement on the efficiency of the labour market. The Chairman of the bank, Asue Ighodalo, said these at the Annual General Meeting of the bank ...

  • 21 April

    Buhari, Senators Settle Misunderstanding Over Budget

    buhari & saraki

    The budget palava in nigeria will be resolved next week..the senators yesterday resolved to meet with President Muhammadu Buhari next week to end the budget row —amicably.The meeting is to take place either Monday  or Tuesday, depending on the President’s choice. Ahead of next week’s meeting, the Senate has raised a committee to review the disputed items in the budget and harmonise ...

  • 19 April

    Sterling Bank Emerges Top at Risk Management Award *Holds 54th AGM

    In recognition of its excellent risk management practices, Sterling Bank was conferred with the award for the Best Bank in Nigeria in the Banking and Investment Services category of the Nigeria Risk Award (NRA) for 2015. The Award was presented to the Bank last weekend at Nigerian Economic & Social Risks Summit which held in Lagos.  This Award is coming ...

  • 19 April

    UBA Rewards Staff At Annual CEO awards

    It was an exciting evening on Saturday, April 9, 2016 as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year.  It is a tradition that the bank has maintained since 2008 and ...

  • 19 April

    Shell remits $42b to Fed Govt as revenue

    Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Federal Government between 2011 and 2015. This is contained in Royal Dutch Shell’s 2015 Sustainability Report released yesterday. The oil giant said it also paid royalties and corporate taxes worth $1.1 billion to the government last year. Of the amount, SPDC paid $0.6 billion. ...

  • 18 April

    AFRACA praises Union Bank’s agric financing role

    union bank - emeka emuwa

    Stakeholders in the Agricultural Sector have commended Union Bank Plc for investing heavily in rural agriculture and being in the forefront of implementing most of the Federal Government policies on Agriculture to ensure food security in the country. The lender received these praises in Abuja at the two-day Nigerian Finance conference with the theme “Catalysing the Diversification of the Nigerian ...

  • 18 April

    Power Will Be Stable By June 2016 – Osinbajo

    Buhari & Osinbajo

    The lingering epileptic power supply in the country will end in may as major repairs on the vandalised Forcados terminal will  be completed  May.This emerged during the visit of Vice-President Yemi Osinbajo to the terminal in Delta State. Osinbajo also said Federal Government would establish a permanent pipeline security force to curtail the vandalism of oil and gas pipelines in ...

  • 17 April

    Gov Fayose’s 5 Reasons Against $2BN LOAN FROM CHINA

    Gov. Ayo Fayose

    Nigeria, April 15, 2016 – Ekiti State Governor has explained the reasons he is kicking against $2 billion loan Chinese Government has pledged to offer to Nigeria. “For those who don’t understand why we are against the loan from China, these are the reasons: 1) China wants to lend us 2 billion dollars, but they want to give us in ...

  • 16 April

    Senate Rejects FIRS’ N1.6 billion Budget On Welfare Package

    The Senate Committee on Finance, yesterday rejected the idea by the Federal Inland Revenue Service FIRS to appropriate the sum of N1.6 billion as welfare package for its new retirees in 2016. The, FIRS justified the idea by stating that the they are having an annual event to recognize its retired staff because they hadn’t been able to hold the event for the past 2 ...