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Business & Finance

Changing Narratives… Sparking Innovation: Tedx Ogu

Friday, August 17, 2018
Ogunu, a little known rustic and farming community in Warri, Delta state Nigeria recently played host to a convergence of over 100 young minds from different businesses and career dispensations, a network of extraordinary young leaders, entrepreneurs, executives, media representatives and 7 speakers ...

Kemi Adeosun Heads Federal Government's Reconstituted NBET Board

Thursday, August 16, 2018
The Federal Government has announced the reconstitution of the Board of Directors of Nigeria Bulk Electricity Trading Company. This is confirmed in a statement issued by the Director of Information, Ministry of Finance, Mr. Hassan Dodo. The statement said the reconstituted NBET Board, which ha ...

IOCs remit N813bn to FG in one year

Thursday, August 16, 2018
Documents obtained from the Canadian government have revealed that the Federal Government of Nigeria received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company (CNOOC) in 2017. The companies presented the information under Canada 39;s extractive ind ...

Enugu-Onitsha Road: FG Increases Contract Sum By N5.4bn

Wednesday, August 15, 2018
The Federal Executive Council on Wednesday approved the augmentation of the cost of the rehabilitation of Enugu-Onitsha road by N5.4bn. The decision was taken at the weekly meeting of the council presided over by the Acting President, Yemi Osinbajo, at the Presidential Villa, Abuja. The Minist ...

Electricity Generation drops to 2,684MW In Nigeria

Wednesday, August 15, 2018
Electricity generation in Nigeria on Monday dropped to 2,684 megawatts, as there was decline in output from the hydropower plants and some gas-fired stations, including Egbin in Lagos. According to reports from the Ministry of Power, Words and Housing, the total generation capacity of 4,463.3MW w ...

Fidelity Bank Of Fisticuff! Who Will Rescue Fidelity Bank Customers From Brutal

Friday, August 10, 2018
If truly a bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain, then Fidelity Bank might be getting drenched in torrential doses of the proverbial bank rsquo;s poison. Fidelity Bank Plc has continued to project itself as one Nigerian bank wit ...

Daura, Ekpenyong linked to alleged N17b fraud

Friday, August 10, 2018
The arrest and interrogation of former DG of the DSS, , Lawal Daura, has netted a big fish in his immediate predecessor, Mr. Ita Ekpenyong, over an alleged N17billion fraud in the agency. Daura who arrested on Tuesday under dramatic circumstance after he was fired by Acting President Yemi Osinba ...

American EXIM Bank agrees to finance 85% of US content in Capt. Iheanacho's refi

Friday, August 10, 2018
A new refinery project being carried out by Integrated Oil Gas Limited as part of the $450m Tomaro Industrial Trade Park in Apapa has received a big boost from the United States Government. Apart from the $800,000 given as support for the engineering design by the United States Trade and Develo ...

EFCC freezes accounts of Akwa Ibom State govt

Thursday, August 9, 2018
The Economic and Financial Crimes Commission (EFCC) has frozen all bank accounts belonging to Akwa Ibom State government. Reasons behind the freezing of the state government 39;s bank accounts by the anti-graft agency are not yet known. Meanwhile, the state commissioner for information, Charl ...

GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

Wednesday, August 8, 2018
Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank rsquo;s position as one of the most profitable an ...

EFCC detains Ekweremadu over 22 properties in Nigeria and abroad

Wednesday, August 1, 2018
The Economic and Financial Crimes Commission has detained Deputy Senate President, Ike Ekweremadu, for alleged fraud and failing to explain how he came to own 22 properties in Nigeria, the United States, the United Kingdom and the United Arab Emirates. It was learnt that Ekweremadu honoured the i ...

Kogi Iron progresses project test work in Nigeria

Tuesday, July 31, 2018
ASX-listed junior Kogi Iron has progressed the metallurgical testwork associated with the commercialisation of its 100%-owned Agbaja oolitic iron ore deposits in Kogi State, Nigeria during the quarter ended 30 June 2018. Much has been achieved since last October when Kogi Iron completed a ...

Sokoto Cement Makes N3.3bn Profit After Tax In 2017

Friday, July 27, 2018
The Cement Company of Northern Nigeria (CCNN) has recorded gross profit of N3, 223,853 lrm;, 347 after tax and N7, 605, 209, 592 before tax in the 2017 financial year despite numerous challenges. Executive Chairman/CEO of BUA Group, Abdul Samad Rabiu who made this known on Thursday in Sokoto Stat ...
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