TOP TEN GLOBAL COMPANIES

Comments

Post a Comment

Popular posts from this blog

2017 budget at risk as FG incurs N404b deficit in Feb

Image
By Babajide Komolafe President Muhammadu Buhari presenting the 2017 Budget before a joint session of the National Assembly on Wednesday, December 14, 2016.  LAGOS — In spite of increase in federally-collected revenue, buoyed by increase in crude oil price, the Federal Government recorded a deficit of N404 billion for the month of February, 2017.  The Central Bank of Nigeria, CBN, disclosed this in its economic report for February posted on its website, yesterday, indicating another threat to the budget.  The report among other things showed that banks borrowed N4.2 trillion from the apex bank during the month, while they paid N3.2 billion as interest to the apex bank.  The report stated: “The estimated Federal Government retained revenue for the month of February 2017, at N194.38 billion, was below the 2017 provisional monthly budget estimate of N337.48bn and the receipts in January 2017 by 42.4 per cent and 5.9 per cent, respectively. Of the total receipt, ...
Read more

Omokore opens up on oil swap deals

Image
*$2.1bn arms probe: I don’t open President’s parcels—Jonathan’s ex-ADC By Soni Daniel, Northern Region Editor ABUJA— The Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Mr. Jide Omokore, has reportedly been cooperating with operatives, who are probing him over multi-billion oil swap deals between his firm and Nigerian National Petroleum Corporation, NNPC. Ibrahim Magu Omokore, an active player in the oil sector during the previous administration, was taken in by EFCC last week to assist them in unraveling how his firm won oil swap deals running into billions of dollars, and whether such money had been remitted to the coffers of the government. A source confided in Vanguard last night: “We are trying to extract from him the quantity of oil his company was awarded under the oil swap deal and how much he has so far remitted to the government. “So far, he has been cooperating with our operatives but we have not extracted the exact figure of what the deals were worth; we are...
Read more

What’s Up Africa

Image
ABOUT What’s Up Africa (WUA) is a satirical video blog about African news, co-produced by RNW Media and BBC World News. The creator and host of the show is lawyer turned video blogger  Ikenna Azuike . WUA is broadcast every Wednesday and Friday at 18.30GMT on Focus on Africa on BBC World News. Watch it here: https://youtu.be/wPHBadhVZ_Y
Read more