Tehran May Cap Oil Production Once Daily Output Reaches 4Mln Bbls
According to self-imposed conditions, Iran may join the initiative to freeze oil extraction, but only after Tehran`s daily oil output reaches four million barrels.Iran could join the initiative to...
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Women have been encouraged to have a total shift in mindset, which should be devoid of stereotype, if the much desired gender equality must be attained. This was the submission of women who gathered at...
View ArticleInflation rises to 11.4%
The National Bureau of Statistics (NBS) has revealed that inflation rate in February rose by 11.4 per cent in contrast to the 9.6 per cent recorded in January. This information was contained in...
View ArticleSkye Bank denies alleged non-compliance to TSA
Contrary to impression in certain quarters, the Managing Director and Chief Executive Officer (CEO), Skye Bank Plc, Mr. Timothy Oguntayo, was not invited by the Economic and Financial Crimes Commission...
View ArticleFidelity Bank, Koinonia brainstorm on non-oil export
Stories by COMFORT EKELEME In line with its commitment to support the diversification of Nigeria’s monolithic economy, Fidelity Bank Plc, in conjunction with Koinonia Ventures Limited has concluded a...
View ArticleTrafigura denies tax obligations in Nigeria
UGO AMADI Netherlands-based company, Trafigura Beheer BV (TBBV), has refuted the claim by the Federal Inland Revenue Service (FIRS) that it owes the federal government $642.5 million in taxes from the...
View ArticleNNPC to engage financial advisors on strategies for alternative JV funding
UGO AMADI Nigerian National Petroleum Corporation (NNPC) has disclosed in its January financial and production report that it was making efforts to engage financial advisors to help it devise...
View Article…As GTB’s net profit peaks at N99.44bn
Guaranty Trust Bank Plc has announced a profit after tax of N99.437 billion for the financial year ended December, 2015. The result represents an increase of N5.003 billion compared with N94.434...
View ArticleGlobal Islamic finance industry’s assets hits over $2trn
Director-General, Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, has disclosed that total assets under management in the global Islamic finance industry had surpassed $2 trillion (N394...
View ArticleCBN to sell N1.73trn Treasury Bill in Q2
Stories by COMFORT EKELEME The Central Bank of Nigeria (CBN) said it has concluded plans to sell treasury bills of N1.73 trillion in the second quarter of 2016 financial year. This was contained in...
View ArticleExperts urge speedy implementation of the 2016 budget of N6.06trn
LEO ALIGWO, Business Editor Financial and economic experts have urged the executive arm of the government to ensure speedy implementation of the reduced 2016 budget of N6.06 trillion, passed into law...
View ArticleSAHCOL woos more airlines as import business declines
Amid the current global economic hardship and lull in business, the Sky Power Aviation Handling Company (SAHCOL), says it is working towards attracting more airlines to patronize its services....
View ArticleNigeria’s unemployment rate rises to 10.4 %
COMFORT EKELEME The National Bureau of Statistics has revealed that the nation’s unemployment rate for the fourth quarter of 2015 stood at 10.4 per cent. The Bureau in its recent report explained that...
View ArticleSterling Bank’s net profit hits 14.3%
COMFORT EKELEME In spite of the regulatory headwinds and downturn in the Nigerian economy, Sterling Bank Plc said it recorded growth in virtually all its performance indicators for the year ended...
View ArticleMTN fine: ATCON cautions against political interference on NCC’s affairs
STAN OKENWA The president of the Association of Telecommunications Companies of Nigeria (ATCON), Mr. Lanre Ajayi, an engineer has called on other federal agencies to stop mingling themselves in the...
View ArticleExperts urge speedy implementation of the 2016 budget
LEO ALIGWO, Business Editor Financial and economic experts have urged the executive arm of the government to ensure speedy implementation of the reduced 2016 budget of N6.06 trillion, passed into law...
View ArticleDPR grants 25 private refinery licences to investors
The Department of Petroleum Resources (DPR) said it has granted a total of 25 private refinery licences to companies. Of this number, 21 were issued licences to Establish (LTE) category, while four...
View ArticleProtection of oil pipelines gulps N103.4bn—NNPC
UGO AMADI Aside the N103.4 billion apparently spent on pipeline repairs and management in 2015, available data from the Nigerian National Petroleum Corporation (NNPC), shows that the Federal Government...
View Article…. Celebrates global money week
After nearly a century of creating positive social impact, Union Bank of Nigeria has announced the adoption of Maryam Alooma Muhktar Girls Secondary School, Kano, as part of activities marking this...
View ArticleUnion Bank unveils new branches in Imo
It was excitement in Imo State as Union Bank played host to five major communities during the unveil of five of the banks newly upgraded branches as part of efforts to make banking simpler and smarter...
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