Nigeria needs to diversify its income beyond oil exports by finding ways to generate more taxes from other industries, Finance Minister Ngozi Okonjo-Iweala said. “We need to ramp up our efforts to tax the non-oil sectors of the economy to create more revenue for the government,” Okonjo-Iweala told reporters today […]
Author: InvestAdvocate
AstraZeneca rejects Pfizer’s raised bid of $106 billion
U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world’s biggest pharmaceuticals company. AstraZeneca’s board said the offer “substantially undervalues” the company and was not an adequate basis on […]
Fidson Profit Down 54%, Affects Dividend Payment
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s healthcare company, Fidson Healthcare Plc on Friday said its profit before tax (PBT) for its 2013 audited year end went down 54 percent to N249.591 million from N540.080 million reported the previous year. Profit after tax (PAT) also dipped 25 percent to N154.980 million […]
