Tuesday, March 26, 2019
Business

Business

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Oando Energy Resources (OER), the upstream subsidiary of Oando Plc, on Wednesday said it has reduced its debt burden by 44 per cent, by repaying a $100 million African Export-Import Bank (Afrexim) loan facility. The loan was utilised in the...
Justice Ibrahim Buba of the Federal High Court, Lagos, yesterday, barred the Financial Reporting Council of Nigeria, FRCN, from disrupting the activities of Stanbic IBTC Holding Plc. Justice Buba issued this order in an interlocutory injunction restraining FRCN and its...
Edo State Government has uncovered $31 million allegedly siphoned from the coffers of the state during the administration of a former governor of the state and directed the Attorney-General to commence legal processes to recover same. This was part of...
There are indications that the Nigerian Communications Commission may be asked to reduce the N1.04 trillion fine imposed on MTN Nigeria over non compliance in the deactivation of improper registered SIM cards. This is after the Commission Tuesday, received a letter from...
A banker has told detectives how she ran five  accounts used to perpetrate a N2bilion pension fraud in the Office of the Head of the Civil Service of the Federation. Former Pension Reform Task Team chief Abdulrasheed Maina is wanted...
About 105 naval personnel contributing to the National Housing Fund ( NHF) would benefit from mortgage scheme set aside by the Federal Mortgage Bank of Nigeria (FMBN) to facilitate home ownership in Nigeria. The Managing Director/Chief Executive Officer of FMBN,...
In efforts to continually dominate recovered territories and clear all Nigerian territory of Boko Haram vestiges, the advancing troops of 5 Brigade Task Group on Wednesday cleared five more terrorists camps at Hausari and Baranga in Marte Local Government Area of...
The Lagos State Internal Revenue Service (LIRS) on Wednesday sealed six companies for failure to remit N18.73 million personal income taxes of their workers to the state government. The Assistant Head of Distrain Unit of the LIRS, Mrs Oluwalomona Ekosanmi,...
The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims. This is contained in a statement on Wednesday in Abuja by Mr Ohi Alegbe, Group General Manager, Group Public...
The Nigerian Commununications Commission (NCC) has granted MTN’s application for renewal of its licence. MTN has uptil next month to pay the $94.2 million (about N18.6billion) for the renewal, which will subsist till 2021. MTN has November 16 deadline to pay...
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