FG’s borrowing excessive — CBN

24 /May 2017

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FG’s borrowing excessive — CBN
The Committee was concerned that credit to government continued to outpace the programmed target of 33.12 per cent for fiscal 2017, while credit to the private sector declined considerably far below the programmed target of 14.88 per cent The post FG’s borrowing excessive — CBN appeared first on Vanguard... Learn more
Kaduna Dry Port to commence operation soon – NSC

24 /May 2017

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Kaduna Dry Port to commence operation soon – NSC
The Nigerian Shippers Council (NSC) says the Kaduna Dry Port has been completed and is set to commence operation after final inspection in June. The Executive Secretary of the council, Hassan Bello, told the News Agency of Nigeria (NAN) on Wednesday in Abuja, that the Kaduna port was the first to be completed in theRead More The post Kaduna Dry Port to commence operation soon – NSC appeared first on The Nation... Learn more
FAAC: Federation revenue shrinks by N52.1 billion in April

24 /May 2017

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FAAC: Federation revenue shrinks by N52.1 billion in April
The Federation Account Allocation Committee (FAAC) on Tuesday shared N415.7 billion, which is N52.1 billion less than what the three tiers of government shared as revenue for March. The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the N415.7 billion was distributed under four sub-heads.Read More The post FAAC: Federation revenue shrinks by N52.1 billion in April appeared first on The Nation... Learn more
Real impact of corruption on entrepreneurship

24 /May 2017

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Real impact of corruption on entrepreneurship
Jennifer Abraham jenihuomabraham@yahoo.com 07085535476 Transparency International defines corruption as, “The abuse of entrusted power for private gain.” This implies that corruption is globally perceived as a top-to-bottom malaise; considering that power ultimately resides at the top of the pyramid from where it wields influence on the lower ranks. Leadership must therefore understand that it is... Learn more
OPEC, non-OPEC members hold informal talks on new oil cuts

24 /May 2017

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OPEC, non-OPEC members hold informal talks on new oil cuts
OPEC and non-OPEC ministers would meet on Wednesday for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts. The ministers would also seek to clear a global stocks overhang that has pulled down the price of crude. Top OPEC oil producer, Saudi Arabia, favours extending the output curbsRead More The post OPEC, non-OPEC members hold informal talks on new oil cuts appeared first on The Nation... Learn more
Shareholders increase Jaiz Bank capital to N25bn

24 /May 2017

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Shareholders increase Jaiz Bank capital to N25bn
Shareholders of Jaiz Bank have increased the bank’s authorised share capital from N15bn to N25bn. This was one of the resolutions passed at the bank’s annual general meeting in Abuja on Wednesday Hassan Usman, its Managing Director, said the bank had recorded lots of successes in five years and the bank was now well established.... Learn more
Nestle shareholders endorse N7.9bn dividend

24 /May 2017

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Nestle shareholders endorse N7.9bn dividend
Nestle Nigeria PLC will today, Wednesday, pay out a dividend of N7.93bn as approved by shareholders at its 48th Annual General Meeting held in Lagos on Tuesday. The dividend translates to N10 per share and represents a 100 percent pay-out ratio on the issued share capital of 792.7 million ordinary shares of 50k each. In […] The post Nestle shareholders endorse N7.9bn dividend appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers ... Learn more
Oando Chief predicts 2.2m bpd oil output by June

24 /May 2017

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Oando Chief predicts 2.2m bpd oil output by June
The Chief Executive Officer of Nigeria’s Oando says worst disruptions in oil-producing Delta region are over, and production could reach 2.2 million barrels per day (bpd) by the end of June. Oando chief Pade Durotoye told the Africa Independents Forum on Wednesday in London that the long-closed Forcados oilfield could also be back to capacity […] The post Oando Chief predicts 2.2m bpd oil output by June appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers ... Learn more

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