Business & Finance

MD Says NNPC Subsidiaries Hits 1.8bn Profit In 2017

December 19, 2018 0

Managing Director,Mr. Adeyemi Adetunji Nigerian National Petroleum Corporation Retail said the company made N1.8 billion profit after tax in 2017. Adetunji disclosed this in Abuja at the 1st Triennial Delegate Conference of the PENGASSAN, Nigerian National Petroleum Corporation Retail branch. NNPC Retail is a subsidiary of the NNPC. He said that the total profit before Continue Reading

Business & Finance Government & Politics

Bayelsa Residents To Pay For Potable Water Supply

December 19, 2018 0

The Bayelsa State Government has said that the delivery of consumable water will never again be free in order to empower the persistent reticulation of drinkable water to the doorsteps of Bayelsans. The Commissioner for Water Resources, Nengi Tuborah, who stated in Yenagoa, said this was in line with the declaration by the United Nations […]Continue Reading

Business & Finance

Billing System: Stop Giving Us 24 Hours Electricity in Maiduguri – Residents Protest

December 19, 2018 0

Residents of some communities have kicked against the supply of 24 hours electricity in Maiduguri, Borno State by The Yola Electricity Distribution Company (YEDC) According to the residents, the constant electricity supply has increased the amount they pay for electricity and has led to “outrageous billings”. They accused the Yola Electricity Distribution Company (YEDC) of Continue Reading

Business & Finance Featured News World News

India to Overtake Britain to Become World’s 5th Largest Economy in 2019

December 19, 2018 0

Britain risks slipping from being the world’s fifth-biggest economy to its seventh-largest next year, when it is due to leave the European Union, with France and India on course to overtake it, accountancy firm PwC said. PwC projected economic growth in 2019 of 1.6 percent for Britain — assuming the country manages to avoid the […]Continue Reading

Business & Finance Featured News Government & Politics

Malabu Oil Deal: $523 Million Bribe Cash Traced To Ex-ministers, Politicians

December 19, 2018 0

About $523 million of the $1.092 billion paid for the controversial Malabu Oil Block (OPL 245) was shared out as bribes to some former ministers and politicians, investigations have shown. A former minister blew about $250million on real estate, aircraft and exotic cars, according to the probe. These details are contained in ll Fatto Quotidiano […]Continue Reading

Business & Finance Government & Politics

Falana Criticizes FG Over Increase in Poverty

December 18, 2018 0

Femi Falana , Human rights lawyer, has criticized the Federal Government for failing to address the increase poverty in the country. Speaking at the second anniversary of the whistle-blower policy organised by the African Centre for Media and Information Literacy, in Abuja on Monday, the Senior Advocate of Nigeria observed that what had been recovered […]Continue Reading

Business & Finance

$1Ttrillion Oil Money Yet To Be Recovered By FG – Falana

December 18, 2018 0

Lagos lawyer, Femi Falana (SAN) has said that oil money in the region of $1 trillion is yet to be recovered by the federal government into the federation account. He said he blew the whistle on it but that it appeared government does not have the will to recover the money from most multinational companies […]Continue Reading

Business & Finance

Management Confirms Diamond Bank Merger With Access Bank

December 17, 2018 0

Diamond Bank merger with Access Bank has been confirmed on Monday by the Board of Diamond Bank Plc. The merger is expected to be completed in the first half of 2019. Both banks recently denied media reports of any merger. The bank’s Chief Executive Officer, Mr. Uzoma Dozie, said in Lagos that the Board had […]Continue Reading

Business & Finance

Stanbic IBTC, Others Win 2018 NSE CEO Awards

December 17, 2018 0

The Nigerian Stock Exchange (NSE) has awarded Stanbic IBTC Capital Limited, Vetiva Capital Management Limited and Cordros Capital Limited, as joint winners of the award for issuing houses with the highest number of primary market transactions (Equity). The mark of the keenness of the competition was displayed in the emergence of three operators at the […]Continue Reading

Business & Finance

Dangote Unveils Three New Seasoning for Northern Market

December 17, 2018 0

NASCON Allied Plc, a subsidiary of the Dangote Industries Limited, has introduced a new classic seasoning cube which consumers have described as tasty. It has a unique taste and aroma. The Executive Director, Commercial, NASCON Allied Plc, Hajiya Fatima Aliko Dangote, described the product as a new innovation birthed after years of consumer led research […]Continue Reading