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Category: Business

Fear of divestment looms as FG orders IOCs to pay $20bn taxes

Shell, Chevron Exxon Mobil to pay about $2-$5bn each The Federal government has directed international oil companies to immediately pay nearly US$20 billion in taxes they owe to local states, […]

February 21, 2019February 21, 2019 editor Business

Buhari promises to cut oil output for higher prices

President Muhammadu Buhari has pledged the cooperation of Nigeria on the effort to reduce oil output in order to attract higher prices in the global market. Buhari made the promise […]

February 21, 2019February 21, 2019 editor Business

CBN buoys forex market with $210m

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of […]

February 19, 2019February 19, 2019 Patrick Asonye Business

Zenith Bank posts N232bn PBT, offers N2.80k/share dividend

Zenith Bank has announced an impressive result for the year ended December 31, 2018, with Profit Before Tax (PBT) rising to N232 billion for the 12 months ended December 31, […]

February 19, 2019February 19, 2019 editor Business

Nigerian Breweries declares N19bn profit for 2018

Nigerian Breweries Plc has announced a profit after tax of N19.4 billion for the 2018 financial year. According to the audited financial results released to the Nigerian Stock Exchange, the […]

February 18, 2019February 18, 2019 Patrick Asonye Business

NNPC takes final decision on new gas field

A step for attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) on Wednesday. The corporation took the Final Investment Decision (FID) on the […]

February 13, 2019February 13, 2019 editor Business

CBN eases capital pressure on struggling banks

The Central Bank of Nigeria (CBN) has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans. Lenders […]

February 12, 2019February 12, 2019 editor Business

NDIC’s new board promises commitment to sound financial policies

Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of […]

February 12, 2019February 12, 2019 editor Business

Obiano’s wife empowers skills acquisition trainees with start-up kits

No fewer than 86 girls who recently concluded basic self-starter acquisition programmes have been presented with start-up kits and stipends by the wife of the Governor of Anambra State, Mrs. […]

February 11, 2019February 11, 2019 Patrick Asonye Business

Oil prices fall as U.S steps up drilling

Oil prices fell by more than 1 percent on Monday as U.S drilling activity picked up, even as a refinery fire in the U.S state of Illinois resulted in the […]

February 11, 2019February 11, 2019 Patrick Asonye Business

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Promoted by seasoned journalists, eyewitness is an online publication of Dotcom Media Limited. Backed by several years experience, our editorial policy embodies responsible journalism. We may sometimes be daring, but nonetheless refrain from peddling misinformation, half-truths and outright falsehood. At all times therefore, we present the facts from all the sides, and allow the reader to make informed judgement.
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