Petrol to sell for N130 per litre

The Federal Government is set to commence partial deregulation of the downstream petroleum sector, allowing major and independent marketers to sell Premium Motor Spirit, PMS, also known as petrol, at prices convenient More »

N4bn cash: Fani-Kayode must refund N840m, EFCC insists

THE Economic and Financial Crimes Commission, yesterday, questioned the spokesman of Goodluck Jonathan Campaign Organisation for hours, asking him to return the N840 million he allegedly received for the prosecution of the More »

Agbaje, GTBank Lead African Banker Nominations

Chief Executive Officer and Managing Director of Guaranty Trust Bank, GTBank, Segun Agbaje, has been nominated for the biggest individual accolade in the forthcoming African Banker Awards. He is nominated for the More »

MTN Gets N16bn Lawsuit From COSON

Top telecoms firm in Nigeria, MTN, has been slammed with a N16 billion lawsuit by the Copyright Society of Nigeria, COSON. The company was taken to a Federal High Court, sitting in More »

GTBank Announces N30.68 billion 1st Quarter, 2016 Profit

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the 1Q 2016 result More »

 

Petrol to sell for N130 per litre

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The Federal Government is set to commence partial deregulation of the downstream petroleum sector, allowing major and independent marketers to sell Premium Motor Spirit, PMS, also known as petrol, at prices convenient for them. This came as Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the Federal Government was looking at privatising the nation’s refineries within the next 12 months.

N4bn cash: Fani-Kayode must refund N840m, EFCC insists

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THE Economic and Financial Crimes Commission, yesterday, questioned the spokesman of Goodluck Jonathan Campaign Organisation for hours, asking him to return the N840 million he allegedly received for the prosecution of the Presidential election last year. Ex-Aviation Minister, Femi Fani-Kayode arriving the EFCC Abuja office on Monday, May 9, 2016 for questioning Ex-Aviation Minister, Femi Fani-Kayode arriving the EFCC Abuja office on Monday, May 9, 2016 for questioning Although the former minister had insisted that he got the money to do specific assignments given him by the former President, Vanguard learned that the EFCC asked him to produce the cash or nothing else.

Agbaje, GTBank Lead African Banker Nominations

SEGUN AGBAJE,GTBANK GMD

Chief Executive Officer and Managing Director of Guaranty Trust Bank, GTBank, Segun Agbaje, has been nominated for the biggest individual accolade in the forthcoming African Banker Awards. He is nominated for the Banker of the Year.

MTN Gets N16bn Lawsuit From COSON

COSON-300x201

Top telecoms firm in Nigeria, MTN, has been slammed with a N16 billion lawsuit by the Copyright Society of Nigeria, COSON. The company was taken to a Federal High Court, sitting in Lagos for alleged copyright infringement.
The suit was filed by COSOM’s counsel, Justin Ige in a 43 paragraph Statement of Claim with the suit No. FHC/L/CS/619/2016.

GTBank Announces N30.68 billion 1st Quarter, 2016 Profit

SEGUN AGBAJE,GTBANK GMD

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges.

A review of the 1Q 2016 result shows that the Bank continued to consolidate on its position as one of the most profitable and well managed financial institutions in Nigeria, recording moderate growth from its core banking activities. However, decline in trading and revaluation gains occasioned by FX paucity robbed off on the impressive performance recorded with a 4.6% decline in gross earnings to N75.39 billion (Q1, 2015: N79.02 billion), a 6.1% decline in Profit Before Tax to N30.68 billion (Q1, 2015: N32.65 billion) and 3.6% decline in Profit After Tax (PAT) to N25.61 billion (Q1 2015: N26.56 billion).