Business
Virgin Atlantic records £2.87bn revenue
Virgin Atlantic Limited says its revenue increased by five per cent to £2.87 billion, leading to improved airline load factors to 79 per cent (up by 1.3 per cent) with continued strong cash position of £412.3 million. The new figures ... Read More »
Revenue remittances: Reps accuse NNPC of slowing down probe
The House of Representatives yesterday accused the Nigerian National Petroleum Corporation (NNPC) of deliberately slowing down the investigation into its remittance of revenues to the Federal Government Read More »
FG implements PKI policy to protect on-line transactions
Federal Government has unravelled its plans to implement the Public Key Infrastructure (PKI) blueprint, saying It will add a significant value to the evolution of digital economy in the country Read More »
Capital market solicitors score NSE high on recovery
The Delta State Oil producing Areas Development Commission (DESOPADEC), has admitted diverting oil money, meant for the development of Itsekiri Oil and Gas Producing Communities, to rehabilitate Warri Club Read More »
Foreign reserves to increase, as CBN retains MPR at 12%
Nigeria’s Foreign Exchange (FOREX) reserves, which currently stands in excess of $48 billion as at May 17, is likely to witness further accumulation, as the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) keeps its policy rate on hold ... Read More »
NAICOM signs technical pact with US NAIC
By FOSTER OBI The National Insurance Commission (NAICOM), has entered into partnership with the National Association of Insurance Commissioners (NAIC) of the United States of America to establish a formal basis for cooperation and technical assistance. The move was in ... Read More »
N2.6bn duty payment: Importer diverts rice ship to Cotonou port
… As Nigeria loses N9.7bn monthly to smuggling Read More »
Why Nigeria telecoms investment is booming –Juwah, NCC boss
The major reason why foreign and local investments continue to boom is not unconnected to the telecommunications laws protecting it. According to the Executive Vice Chairman, NCC, Dr. Eugene Juwah, this has remained the strength of the sector in the ... Read More »
Only few banks are profitable – Durosimi-Etti
Despite the impressive showing of several Nigerian financial institutioons in the 2012 financial year, and the bottom-line figures that have set shares of quoted banks soaring in value at the Nigerian Stock Exchange (NSE), a bank chief, yesterday, warned it ... Read More »
