By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier financial holdCo, FBN Holdings Plc said it paid N2.0 billion fine in the audited year ended December 31, 2015. The company said as part of its operating expenses, it paid fines and penalties amounting to N1.901 billion in the review period. FBNH says part […]
Updates
Brent oil breaks above $50 for first time in seven months
Thu May 26, 2016/Reuters By Karolin Schaps and Ron Bousso Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing. Oil prices have rallied in recent […]
Power Sector Receives CBN N120bn Boost
26/5/2016/CBN There is hope for significant improvement in power supply in the days ahead as the Central Bank of Nigeria (CBN) has stepped in to address the liquidity and funding challenges facing the sector. To this end, the Bank has disbursed a total of N120.2bn to different electricity distribution companies […]
