archiveOctober 2017

  FG releases N450bn for capital projects in 2017 budget The Federal Government has so far released the sum of N750 billion for capital projects under the 2017 budget even as the Federal Executive Council (FEC) has approved the 2018 fiscal estimates of the Federal Government. Speaking while briefing State...

Access Bank Plc has announced six per cent increase in profit before tax to N72.9 billion for the nine months ended September 30, 2017 from N68.99 billion reported in the corresponding period of 2016. The Bank’s profit showed an increase of four per cent from N54.08 billion recorded during the...

  The Federal Executive Council (FEC) on Thursday approved a tax relief scheme to attract private sector involvement in the provision of Federal road infrastructure across the entire country. The approval was the outcome of a Memorandum for the setting up of a Road Trust Fund (RTF) presented by the...

FBN Holdings Plc on Thursday announced an increase of 7.8 per cent in profit to N45.8 billion in its unaudited results for the nine months ended September 30, 2017. The group in its unaudited results to Nigerian Stock Exchange (NSE) reported N42.5 billion profit in prior nine month ended September...

A two-day workshop for information officers and other key officials of the Bayelsa State Ministry of Information and Orientation on Wednesday commenced in Yenagoa the state capital.. Declaring the workshop open, the Commissioner for Information and Orientation, Daniel Iworiso-Markson said it is the first in a series of training that...

  The Kogi State Ministry of Finance and Economic Development has revealed that the state got N3.6 billion as statutory allocation from the Federation Account for the month of September 2017 for both the State Government and the Local Government Councils. The Monthly Federation Account Allocation Committee (FAAC) meeting for...

Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to...

…Says Nigeria’s debt to GDP ratio is within a reasonable threshold The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government. The outlay is part of the US$5.5...

The National Universities Commission (NUC) has said that only 30 per cent out of the 1.7 million candidates who wrote the Unified Tertiary Matriculation Examination (UTME) will be admitted this year. The Executive Secretary of the commission, Prof. Abubakar Rasheed, said this at a one-day public hearing on the regulatory...

  The Nigeria Employers Consultative Association on Wednesday disagreed with the House of Representatives over the powers of the National Assembly to probe the activities of private companies operating in the country. NECA currently contesting the legislative duty of the National Assembly under Sections 88/89 of the 1999 Constitution to...