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Category: Economy

Business Economy

It was impossible to follow the law in the remittance $13.9bn – MTN

Iheanyi Ejiofor October 21, 2016

MTN Nigeria  has explained that it was impossible to follow the provisions of the law on the issuance of Certificates of Capital Importation (CCI) before it repatriated  $13.9 billion out…

Read More It was impossible to follow the law in the remittance $13.9bn – MTN
Business Economy

ExxonMobil divests from Nigeria’s down stream sector

Iheanyi Ejiofor October 21, 2016

Ebun Francis ExxonMobil, the world’s largest oil company by market value, has announced that it has divested its 60 percent stake in Mobil Oil Nigeria (MON), effectively quitting the downstream…

Read More ExxonMobil divests from Nigeria’s down stream sector
Economy

Nigeria is Africa’s largest economy – IMF

Iheanyi Ejiofor October 19, 2016

Ebun Francis with agency reports Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa — ahead of South Africa and Egypt, not withstanding…

Read More Nigeria is Africa’s largest economy – IMF
Business Economy

NCC increases international call rate

Iheanyi Ejiofor October 15, 2016

The Nigerian Communications Commission (NCC) has said that the International Termination Rate (ITR) has been reviewed to N24.40 per minute. The telecommunications regulator said in a statement on Saturday in…

Read More NCC increases international call rate
Economy

Goodie Ibru declared wanted by EFCC

Iheanyi Ejiofor October 13, 2016

Goodie Ibru, hotelier and businessman, has been declared wanted by theThe Economic and Financial Crimes Commission (EFCC), has declared Mr Goodie Ibru, businessman, hotelier and one of the scion of…

Read More Goodie Ibru declared wanted by EFCC

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