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  • KFC to invest N1.5bn on 19 new outlets

    Nineteen new KFC Quick Service Restaurants will be opened across the country this year as part of the investment plan of the franchise holder, Devyani International Nigeria Limited. The Chief Executive Officer, Devyani International, Mr. Vishal Kapur,...

    • Posted April 15, 2011
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  • World Bank, Lagos spend N1.35bn on farming activities

    Efforts of the Lagos State Government to enhance food production have been boosted by the World Bank, with both of them spending N1.35bn on different agricultural projects across the state. The money is spread on the provision...

    • Posted April 15, 2011
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  • Stakeholders Bemoan Hiccups in Cargo Clearance

    Stakeholders in the maritime sector of the economy have stated that clearance of goods in the nation’s seaports and international borders have improved tremendously since the beginning of last year. They however maintained that cargo dwell time...

    • Posted April 15, 2011
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  • Cabotage Vessel Fund Swells by $100m

    The Cabotage Vessel Finance Fund (CVFF) initiated by the Nigerian Maritime Administration  and Safety Agency (NIMASA)  to  empower indigenous ship owners for active involvement in coastal trade and shipping is now $100 million richer. NIMASA Executive Director,...

    • Posted April 15, 2011
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  • Brokers Fault Retention of Manu, Ikazoboh in NSE Council

    The Associationof  Stockbroking Houses of Nigeria (ASHON)  has petitioned the  Securities and Exchange Commission (SEC),  faulting the  decision to allow the Interim President of the Nigerian Stock Exchange (NSE),   Mallam  Ballama Manu and Interim Administrator of  the NSE, ...

    • Posted April 15, 2011
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  • NCAA Wades Into Airlines, Oil Marketers Debt Crisis

    The Nigeria Civil Aviation Authority (NCAA) has waded into the debt crisis between oil marketers and domestic airlines as the latter insisted that they  would not sell  aviation fuel, known as Jet A1 to airlines except on...

    • Posted April 15, 2011
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  • CITN champions creation of tax institutes in Liberia, Benin

    In pursuance of its agenda to awaken and strengthen taxation and the tax system within the African region, the Chartered Institute of Taxation of Nigeria (CITN) has commenced the process of wooing neighbouring West African countries for...

    • Posted April 15, 2011
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  • Why W/Bank loans make minimal impacts –Don

    A university don, Professor Joel Babatunde Babalola, has averred that with low investment, there would be low productivity, saying that Nigerians with access to loans should use it to boost investment opportunities. The Dean, Faculty of Education,...

    • Posted April 15, 2011
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  • FG stresses need for SWETF •Want NLC, TUC’s intervention

    THE recent discovery of fraudulent acts perpetrated by some staff of the civil service pension department in the office of the Head of Service of the Federation has been condemned by pensioners who described the act as...

    • Posted April 15, 2011
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  • Days smugglers freely maimed officers now over – Dimka

    The Federal Operations Unit, an anti-smuggling arm of the Nigeria Customs Service, may have adopted new measures to ensure a daily seizure of contraband goods from smugglers and illicit goods traders, into the command. Head of the...

    • Posted April 15, 2011
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  • Airtel to launch cheap 3G handsets

    Airtel is in talks with major mobile handset manufacturers to launch the 3G-enabled handsets below the price of $100. The penetration of 3G-enabled handsets is currently very low in India and in several other markets. The 3G...

    • Posted April 15, 2011
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  • MeeGo sees interest from others after Nokia shift

    Mobile handset makers like LG Electronics are moving toward adopting Linux-based MeeGo operating systems after Nokia abandoned it and opened the way for rivals, one of the project’s leaders said.     Open-source MeeGo was created last...

    • Posted April 15, 2011
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  • Cost surge under new Google CEO unnerves Street

    Google Inc’s stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.     Shares of Google slid more...

    • Posted April 15, 2011
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  • Stockbrokers reject commission’s appointment of council members

    Just as calm seems to be returning to the capital market, a quiet war is brewing as stockbrokers have kicked against the decision of the Securities and Exchange Commission (SEC) to appoint members into the council of...

    • Posted April 15, 2011
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