NNPC has $629 Million hidden in Keystone Bank,Diamond and Others

NNPC has $629 Million hidden in Keystone Bank,Diamond and Others

Managing Director of NNPC, Maikanti Baru in facing another allegation of hiding $629 million (about N226 billion) in various banks without remitting the sum to the Treasury Single Account (TSA). A petition accusing the Nigeria Petroleum corporation boss of insubordination and corruption by Dr. Emmanuel Ibe Kachikwu is already a subject of global interest. According […]

Sterling Bank declares 14.3% profit increase

Sterling Bank declares 14.3% profit increase

In spite of the regulatory headwinds and downturn in the Nigerian economy, Sterling Bank Plc recorded growth in virtually all its performance indicators for the year ended December 31, 2015, pushing up profit before tax by 2.5 per cent to N11.0 billion. Similarly, profit after tax rose by some 14.3 per cent to N10.3 billion […]