Oando Posts N4.6bn PAT in H1, 2017

Oando Posts N4.6bn PAT in H1, 2017

Oando Plc, one of the Nigeria’s leading oil and gas companies, has declared a profit after tax (PAT) of N4.6 billion for the half year ended June 30, 2017, as against a loss of N26.9 billion in the corresponding period of 2016. A review of Oando’s financials show that turnover increased by 26 per cent […]

President Buhari became sick as a result of the money stolen in Nigeria – Sowore

The publisher, Sahara Reporters, Omoyele Sowore has said that President Muhammadu Buhari got sick when he saw how much had been looted from Nigeria and that there is no more corruption in Nigeria because there is nothing else to steal.

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Money Laundering: 200 insurance brokers not registered with NFIU

AT the backdrop of Nigeria’s suspension from the Egmont Group of Financial Intelligence Units, the National Insurance Commission, NAICOM, has said that 200 insurance brokers out of the 358 operating in the country are yet to register with the Nigerian Financial Intelligence Unit, NFIU, on money laundering and terrorism financing.

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Business Person of the day: Clifford Asness, US Hedge Fund Billionaire

Business Person of the day: Clifford Asness, US Hedge Fund Billionaire

 Our personality of the day is US hedge fund billionaire,Clifford Asness. Cliff founded AQR hedge fund in 1998 With partners David Kabiller and John Liew. It has become possibly the fastest-growing money manager on earth, with $185 billion of assets under management.  A Goldman Sachs veteran, Asness backed lawmakers who supported New York’s marriage equality […]

See Western Union Dollar to Naira exchange rate in Nigeria

See Western Union Dollar to Naira exchange rate in Nigeria

The Western Union exchange rate of Dollar to Naira in Nigeria shows that Naira is fast moving up. The Naira on Wednesday appreciated marginally against the dollar at the parallel market, the newsmen report. The Nigerian currency traded at N365 to a dollar, stronger than N366 its closing rate on Tuesday, while the pound sterling […]