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  • Norway Makes Its Second Huge Oil Discovery Of The Year

    Norway’s Statoil said Monday it has discovered a large oil reserve in the Barents Sea, its second major oil find in the Arctic region in less than a year. The state-controlled oil company said a well drilled...

    • Posted January 9, 2012
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  • Labour Strike Affects Bank Branches Not Bank E Channels

    Despite the nationwide labour strike affecting bank branches today, many Nigerian banks are still offering skeletal services to their customers in the form of e-channels services. E-channels services include Automated Teller Machines (ATMs). GTBank’s Head of Information...

    • Posted January 9, 2012
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  • House of Reps to Presidency: Reinstate Subsidy, Restore Nigeria to pre-New Year Normalcy

    The House of Representatives held an emergency plenary session yesterday (Sunday), cutting short its recess in order to weigh in on the fuel subsidy removal brouhaha causing civil unrest in the country. In a pro-people move, the...

    • Posted January 9, 2012
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  • Cash-Lite Lagos: CBN Suspends 3rd Party Cheque Rule

    One of the rules under the cashless policy of the CBN has been suspended until March, 2012. The rule in question pertains to the encashment of third party cheques across the counter. The CBN had sought to...

    • Posted January 9, 2012
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  • Subsidy Removal: Cost of Basic Medication on Increase

    The President of the Pharmaceutical Society of Nigeria has alerted Nigerians that the costs of basic medication will appreciate by 50% in a matter of weeks, if the removal of subsidy is not reversed by the Federal...

    • Posted January 9, 2012
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  • Fuel Subsidy Removal: Tough Days Ahead

    Tough days await Nigerians as civil society groups and Nigerian Labour Congress (NLC) begins nationwide strike today. This is sequel to the refusal of the Federal Government to rescined the decision to halt removal of fuel subsidy,...

    • Posted January 9, 2012
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  • 2012 would be a competitive year for GSM operators – NCC

    Against the background of enforcement of quality of service (QoS) the regulatory body for service providers, Nigerian Communications Commission (NCC) has reiterated its position when it pointed out that 2012 would be a competitive year for operators...

    • Posted January 9, 2012
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  • Scam Alert from First Bank

    The First Bank of Nigeria Plc has issued an alert alert on the activities of unscrupulous individuals who have made attempts to scam unsuspecting members of the public using its Automated Teller Machines. In a statement issued...

    • Posted January 8, 2012
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  • Subsidy removal: Expect to pay more, telecoms operators tell subscribers

    The Association of Licensed Telecoms Operators of Nigeria (ALTON) said , Friday, that subscribers should expect to pay more for telecommunications services. ALTON Chairman, Mr Gbenga Adebayo, was reacting to the fuel subsidy removal. Adebayo told the...

    • Posted January 7, 2012
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  • Is Apple losing its cool factor?

    Shock! Horror! Crisis! Apple’s iPhone was not the top selling phone at Christmas – Samsung’s Galaxy S II was. Can this be? What has gone wrong? Surely some mistake? OK – I need to declare I am...

    • Posted January 7, 2012
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