Economy Archives — Page 101 of 101

August 11, 2015 No Responses

Ministry under scrutiny over alleged diversion of N119b railway fund

President Muhammadu Buhari has queried the Ministry of Finance over alleged diversion of N119billion foreign loans secured to expand and develop rail projects. The loans were secured by the former administration of President Goodluck Jonathan. Buhari wants to ascertain how the loan...

August 4, 2015 No Responses

Buhari orders reduction of expenditure

President Muhammadu Buhari Monday in Abuja ordered the National Planning Commission (NPC) to go back to the drawing board and produce the framework for a 2016 national budget that will reduce recurrent expenditure and prioritize developmental projects. Preside...

August 3, 2015 No Responses

Dangote Cement declares N121.8b in six months

DANGOTE Cement Plc has declared Profit After Tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, amounting to a 21.65 per cent increase over the N95.440 billion recorded in the same period in 2014. Detail of...

July 29, 2015 No Responses

NAICOM tasks insurers on GDP

(Naicom’s Commissioner for Insurance, Fola Daniel) The National Insurance Commission (NAICOM) has challenged the nation’s insurance industry to draw action strategies to strengthen ongoing governmental Efforts at increasing insurance industry’s contribut...