Don't Miss


  • Nigerian Economy Loses N 100 Billion Everyday Strike Continues – Sanusi

    According to the Governor of the Central Bank, Nigeria loses N 100 billion daily to the labour strike. The calculations are estimates based on the projected Gross Domestic Product (GDP) for the year and are divided by...

    • Posted January 13, 2012
    • 3
  • Labour, FG to reach Consensus on Saturday, Work may Begin Monday

    Indicators point to Labour and government reaching a consensus on their next scheduled meeting for the fuel subsidy regime on Saturday, leading to a lifting of the strike and workers beginning work on Monday. Speaking to journalists...

    • Posted January 13, 2012
    • 0
  • International Airlines Depart at Midnight as Airports Remain Closed

    The attendant effects that the ongoing labour strike has on airline operators in the country are myriad. National Union of Air Transport Employees (NUATE), and Air Transport Services Senior Staff Association of Nigeria (ATSSAN) have ensured that...

    • Posted January 13, 2012
    • 0
  • Malaria Vaccine Almost Here

    Medical practitioners across Africa working on a vaccination for the deadly malaria disease have continued to make good progress.Dr. Patricia Njuguna, a researcher based in Kenya has developed a vaccine named RTS, S which has been termed...

    • Posted January 12, 2012
    • 0
  • South South States to get Made in Nigeria Solar Panels

    Locally manufactured panels are being deployed in several southern states as part of a pilot programme to develop alternative energy and rural electrification in Nigeria. The panels are developed by National Agency for Science and Engineering Infrastructure...

    • Posted January 12, 2012
    • 0
  • Buy Property in Dubai, Prices Affordable NOW

    A leading property developer in Dubai, Damac Properties, is developing an ultra-modern luxury high-rise (90 floors) residential tower in the Dubai marina. The project is located next to the Marina Walk and facing the Palm Jumeirah and...

    • Posted January 12, 2012
    • 0
  • Central Bank Auctions $ 172 Million, All Share Index Down Marginally

    The Central Bank sold $172 million in its bi-weekly currency auction yesterday, short of the $200 million it had announced was available on its website. The shortfall is due to a lull in demand due to the...

    • Posted January 12, 2012
    • 0
  • Oil Prices Up on Nigeria Strike Concerns, Iran Tension

    Crude Oil prices shot up yesterday due to a statement issued by the head of PENGASSAN, Mr. Babatunde Ogun. Also concerns on Iran-West tensions are on the increase after an Iranian nuclear scientist was assassinated in a...

    • Posted January 12, 2012
    • 0
  • International Fuel Trade “Mafias” Behind failure of Refineries – Femi Otedola

    According to leaked United States diplomatic cables, the fraud associated with the cabal that has brought Nigeria’s fuel subsidy system to its knees has been ongoing for close to a decade and has remained virtually unchecked. The...

    • Posted January 12, 2012
    • 2
  • Oil Production Platforms Shutdown: PENGASSAN Issues Red Alert

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed all oil production platforms to be on red alert in preparation for total production shutdown. In a statement issued in the past hour, the...

    • Posted January 11, 2012
    • 3