BANKS: GTBANK Plc Continues to lead in earnings performance

In recent years the Annual General Meeting of Guaranty Trust Bank Plc have been a celebration of what  remains the most profitable banking operation in Nigeria. This brand equity has been exported to make the bank a successful international brand. At present the number of foreign subsidiaries with the bank’s Group is 10 with total investment of about N40billion. GTB plans to continue with this growing trend in its global strategy. 

Steinhoff International drops 6% on German tax investigation

International retailer Steinhoff’s share price is more than 6% down amid reports that the Christo Wiese-controlled company has been targeted for a tax investigation.

 
Steinhoff said the Westerstede offices of Steinhoff Europe Group Services GmbH (SEGS), a German subsidiary of Steinhoff International, had been searched on November 26.

Senate urges Buhari to reintroduce toll gates

ABUJA— The Senate, yesterday, asked President Muhammadu Buhari to as a matter of urgency reintroduce toll gates on the nation’s highways to create a financial pool through which bad roads could be maintained and rehabilitated.

The Senate also called for the introduction of weigh bridges to help protect the roads as well as discourage the over usage of the highways that were constructed for ferrying heavy vehicles and trucks.

 

Also yesterday, the Senate mandated the Federal Government to make provisions for repair of major highways in the 2016 budget against the backdrop that the state of existing roads were deplorable and would need urgent Federal Government’s intervention. The resolutions were sequel to the adoption of recommendations of Senator Barnabas Gemade led ad-hoc committee on works which investigated the total collapse of federal roads in Nigeria and prevalent gully erosion sites.

Leeds United sack Uwe Rosler as manager and line up Steve Evans to replace him

The German was only appointed in the summer, replacing Neil Redfearn, but has been shown the door by the club's owner Massimo Cellino just 11 games into the Championship season.

 

Rosler oversaw just two wins from his 11 league games and Saturday's 2-1 defeat at home to Brighton has proved to be his final game in charge.