From in Abuja, 06.25.2010    The House of Representatives yesterday demanded from President Goodluck Jonathan a new revenue allocation formula because the existing formula for the disbursement of revenue accruing to the Federation Account had become obsolete.     The House unanimously adopted a resolution on the issue  and […]

  From Kunle Akogun in Abuja and Emele Onu in Lagos, 06.25.2010   The Federal Government and the Central Bank of Nigeria (CBN) are to lose an estimated N878 billion of the N1.35 trillion they plan to inject into the purchase of the non- performing loans of ailing banks through […]

  06.25.2010    Diamond Bank has instituted Award to promote excellence in financial reporting in Nigeria.       The first Award ceremony is billed to hold before the end of this year and will be rewarding journalists that excelled in financial reporting, assessed by works done in 2009.Head, Corporate Communi-cations […]