Business News

IMF raises fresh concerns over global economic crunch

  FRIDAY, 25 JUNE 2010 00:00 FROM , ABUJA   The International Monetary Fund (IMF) has warned countries that are not directly affected by the impacts of the global economic crunch to put guides in place to ensure preparedness for possible emergence.   The Managing Director of IMF, Dominique Strauss-Kahn, […]

At shareholders’ meeting, Ogunbanjo tasks govt on power supply

  FRIDAY, 25 JUNE 2010  BY   Elder statesman, Dr. Christopher Ogunbanjo, has decried the country’s lingering poor power supply situation, saying the trend would continually impact negatively on the profitability of businesses operating in the country.   Ogunbanjo, who is also the Chairman of Beta Glass Plc, said at […]

House Demands New Revenue Allocation Formula

  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 […]