The Nigerian National Petroleum Cooperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from JV Partners on major capital projects, the Nigerian presidency has said Quoting a report submitted to President Muhammadu Buhari by the new Group Managing Director of NNPC, Ibe Kachikwu, the Senior Special Assistant to the…
Skye Bank Plc has said it is targeting young entrepreneurs, who have been able attain certain height through their creativity and hard work in its new television commercial. The bank says it is employing a Nigerian pop icon, Ice Prince, as the brand ambassador and the slogan, ‘The Skye is Big Enough’ to tell the…
Shanghai – China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of “panic” selling after fresh government moves failed to arrest a rout that has now infected regional markets. Confidence took a hit as trading halts expanded to cover more than 1,300 companies nearly half of mainland…
The Nigerian oil and gas industry is expected to see more asset sales by International Oil Companies and smaller firms this year as the steep fall in prices continues to take a toll on revenue. IOCs including Shell, Chevron and Total have over the past few years divested some of their onshore assets in the…
Twenty-four European banks have failed “stress tests” of their finances, the European Banking Authority (EBA) has announced. Fourteen of them, all in the eurozone, need to raise more capital to boost their balance sheets or risk being shut down. No UK banks are included. The review was based on the banks’ financial health at the…
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