Don't Miss


Latest News

  • Oil price hits $50 amid Nigeria outages

    Global oil benchmark, Brent crude, on Thursday traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. Brent, against which Nigeria’s oil is priced,...

    • Posted May 28, 2016
    • 0
  • Dangote disburses N400m to Lagos women

    To cushion the effect of the current economic downturn, the Dangote Foundation on Thursday commenced the disbursement of N400m micro grant to 40,000 indigent women in all the local governments in Lagos State. The grant is a...

    • Posted May 28, 2016
    • 0
  • Works, power contractors owed for three years — FG

    Most contractors who have been working for the Federal Government in the power and works sectors are being owed for an average of three years, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said....

    • Posted May 28, 2016
    • 0
  • NAMA assures stakeholders of airspace safety

    The Nigerian Airspace Management Agency (NAMA) has promised that the nation’s airspace remained one of the safest on the continent of Africa for air navigation. Speaking while declaring open the demonstration of Aircraft e-Clearance User Acceptance Test...

    • Posted May 28, 2016
    • 0
  • FBN Holdings shareholders receive N5.4billion dividend

    Shareholders of FBN Holdings Plc on Tuesday approved a dividend of N5.38 billion proposed by the board for the year ended December 31, 2015. The dividend, which translates to 15 kobo per share, was paid despite a major...

    • Posted May 28, 2016
    • 0
  • 2016 Budget implementation depends on revenue targets – Adeosun

    The full implementation of the N6.03 trillion 2016 budget will depend on the ability of the federal government to meet its revenue targets, the Minister of Finance, Mrs. Kemi Adeosun, has said. The minister spoke yesterday at...

    • Posted May 28, 2016
    • 1
  • Dangote contributes 53% of government’s revenue from mineral resources sector – NEITI

    An agency of the federal government, the Nigeria Extractive Industries Transparency Initiative (NEITI), has stated that Dangote Industries Limited generates more mineral resource revenue for the government than the rest of the nation put together. In its...

    • Posted May 27, 2016
    • 0
  • Stop outsourcing of refineries – Reps tell NNPC

    The House of Representatives Committee on Privatisation has asked the Nigerian National Petroleum Corporation (NNPC) to suspend the proposed outsourcing of the nation’s three refineries in Kaduna, Warri and Port Harcourt. The legislature’s request came on a...

    • Posted May 27, 2016
    • 0
  • States endorse 22-point Fiscal Reform Action Plan

    The 36 states of the federation and the Federal Capital Territory (FCT), Abuja, have agreed to reform their finances as well as those of the local councils under a Fiscal Sustainability Programme (FSP), to ensure their long...

    • Posted May 27, 2016
    • 0
  • Stocks rise, naira falls to N350/$ as investors await flexible Forex policy

    The Nigerian equities market appreciated to about five-month high wednesday as positive sentiments continued to trail the Central Bank of Nigeria’s (CBN) plan to introduce a flexible foreign exchange policy. But feeling that the economy was regressing,...

    • Posted May 27, 2016
    • 0
  • SON to prosecute substandard phone sellers

    The Standards Organisation of Nigeria has given sellers of fake and substandard mobile telephone sets till June to stop dealing in them or be ready to face prosecution. The Acting Director-General, SON, Dr. Paul Angya, gave the...

    • Posted May 27, 2016
    • 0
  • FG saves N220bn through integrated payroll system

    The Federal Government on Tuesday said it had recorded savings of about N220bn since April 2007 when it commenced the implementation of the Integrated Personnel Payroll Information System. A statement from the Office of the Accountant-General of...

    • Posted May 26, 2016
    • 0
  • CAR: CBN extends deadline for systemically important banks

    The Central Bank of Nigeria (CBN) has extended the deadline for the implementation of higher capital adequacy ratio (CAR) requirements for systemically important banks (SIBs), a report has shown. The policy, which was to take effect from...

    • Posted May 26, 2016
    • 0
  • Stock Market rebounds on MPC’s decision to tackle exchange rate issue

    The stock market rebounded yesterday rising by 0.80 per cent in reaction to the decision of the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) to address the lingering concern around the exchange rate among others...

    • Posted May 26, 2016
    • 0