Category: Economy

FIRS pledges to boosts tax revenue
August 26, 2015 No Responses

FIRS pledges to boosts tax revenue

THE Federal Inland Revenue Service (FIRS) has pledged to raise the nation’s tax revenue. Speaking in Abuja on assumption of office, the Acting Chairman, Mr  Babatunde Fowler said the agency would work with all relevant stakeholders. A statement issued by...
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Flour Mills to merge subsidiaries
August 14, 2015 No Responses

Flour Mills to merge subsidiaries

THE management of Flour Mills of Nigeria Plc (FMN) has announced plan to conduct a restructuring by merging five of its subsidiaries with its holding company under a scheme of External Restructuring. According to the Group Managing Director, Flour Mills,...
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At NSE, Berger paints pledges to lift shareholders returns
August 12, 2015 No Responses

At NSE, Berger paints pledges to lift shareholders returns

THE Managing Director and Chief Executive Officer of the Berger Paints Nigeria Plc, Mr. Peter Folikwe has pledged to lift shareholders returns.Speaking while addressing the management of the Nigerian Stock Exchange (NSE) during a courtesy visit, he said the co...
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Ministry under scrutiny over alleged diversion of N119b railway fund
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 wan...
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Buhari orders reduction of expenditure
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...
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Dangote Cement declares N121.8b in six months
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...
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NAICOM tasks insurers on GDP
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...
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