Archives for March, 2019 - Page 11
FAAC allocates N610bn as government revenue drops by N42bn
The gross revenue that accrued into the federation account dropped by billion from recorded in December last year to billion in January. This was disclosed shortly after…
Meter Manufacturing Firm Urges CBN On Funding Support
One of the licensed meter manufacturing companies in the country, Momas Electricity Meter Manufacturing Company Ltd. (MEMMCOL), on Thursday urged the Central Bank of Nigeria (CBN) to create…
MTN Set To Rake In 90% Profits
Analysts had predicted that the $ repatriation demand dispute with the Central Bank of Nigeria would affect the fourth quarter earnings of the Nigerian unit. MTN Group…
Oil Price declines As U.S Crude Production Hits Record
Oil prices dipped on Thursday, plunged following weakening factory output in China and Japan and record United States crude output, although markets remained relatively well supported by…
ACCI Decrys Over $5bn Lost To Poor Commercial Dispute Handling
ACCI Decrys Over $5bn Lost To Poor Commercial Dispute Handling The President, Abuja Chamber of Commerce and Industry, Adetokunbo Ademola, has said that Nigeria has lost over…
Pension Funds Investment In Banks Records N636 bn
The Pension Fund Administrators have invested out of the total pension funds in their custody in banks as of the end of November 2018. This amounted to…
AVM Omenyi bags seven years imprisonment for receiving N136m bribe
The Federal High Court, Abuja on Thursday sentenced retired Air Vice Marshal Tony Omenyi to seven years in prison for receiving N136 million bribes from the Nigerian…
Oil, Gas Sector Offers Nigeria $48 Billion Investment Opportunities — Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says that over 48 billion dollars investment opportunities are in the Nigerian oil and…