archive2018

Stanbic IBTC Holdings, a member of Standard Bank Group, has announced its nine-month unaudited group results for the period ended 30 September 2018 reporting profit after tax(PAT) of N59.76 billion, an increase of 59 per cent for the corresponding period in 2017. Speaking on the Group’s performance, Yinka Sanni, Chief...

Promoters of Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) have taken a swipe at members of the Institute Chartered Accountants of Nigeria (ICAN) over recent statements on CIFIAN Bill when it visited President Muhammadu Buhari. Protem President of Forensic Auditors of Nigeria, Mrs Victoria Enape in a...

    The bears resurfaced on the Nigerian Stock Exchange (NSE) n Wednesday as the benchmark Index, the All-Share Index (ASI) dipped 0.08 per cent to 33,167.88 points, amidst broad selloffs. As a result, the Month-to-Date gain declined to 1.23 per cent, while the Year-to-Date loss inched up to 13.27...

  Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact...

  On-going engagements to last till end of current harvest season In furtherance of the realization of the objectives of National Livestock Transformation Plan established by the National Economic Council (NEC) chaired by Vice President Yemi Osinbajo, SAN, the technical sub-committee established by NEC is continuing its engagements with local...

  The Senate Committee on Petroleum (Downstream)  on Wednesday directed the Minister of Finance, Zainab Ahmed; Governor of Central Bank, Godwin Emefiele; and the Director-General of the Debt Management Office, Mrs Patience Oniha, to meet within one week with petroleum marketers and resolve the issue of outstanding fuel subsidy payments...

 A new study by Global Financial Integrity (GFI), says that the potential loss of revenue by Nigeria to misinvoicing in 2014 was approximately 2.2 billion dollars. This is according to an analysis of trade misinvoicing it carried out on Nigeria for 2014. A statement issued by its Managing Director, Tom...

The Presidential candidate of the Peoples’ Democratic Party (PD), and former Vice President, Atiku Abubakar has faulted plans by the President Muhammadu Buhari-led administration to sell off some national assets to fund the 2019 budget, describing the move as fiscally irresponsible. On Monday, President Buhari accused past PDP leaders of...

The Federal Government has waded into the crisis at the National Health Insurance Scheme (NHIS) by suspending its Executive Secretary, Dr Usman Yusuf, and setting up an independent fact-finding panel to investigate the allegation of fraud levelled against him. Director of Administration in the Office of the Head of the...

“Buhari does not need an Alfa or prophet to deceive him that he would win the election, for as God lives, he would lose…” Olakunle Olafioye As the political parties prepare for the 2019 elections, the Presiding Bishop, Divine Seed of God Chapel Ministries, Ibadan, Prophet Wale Olagunju, who had...