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  • Central Bank yet to approve investors for rescued banks

    The Central Bank of Nigeria (CBN) has said that so far, it is has not granted any approval for any bank to sign Memorandum of Understanding (MoU). The regulator, in a statement by its spokesperson, Mohammed Abdullahi,...

    • Posted March 29, 2011
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  • Our goal is to ensure zero accident, zero fatality in our airspace, says Demuren

    The Director General of the Nigerian Civil Aviation Authority(NCAA), Dr Harold Olusegun Demuren recently spoke on various issues affecting the industry in Nigeria  as it affects airlines, the agencies including the one from where he calls the...

    • Posted March 29, 2011
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  • CBN yet to approve MoUs of rescued banks

    LAGOS – TWO years after the Central Bank of Nigeria, CBN, intervened in eight banks, sacked their former managements and installed new ones, Vanguard can authoritatively reveal. This came just as the Central Bank said it has...

    • Posted March 29, 2011
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  • Oil search: Why Nigeria is intensifying surveys in river basins

    Nigeria is intensifying surveys in the eight River Basins in the country with a view to opening up frontier exploration, with a view to attaining the 40 billion barrels reserves and four million barrels daily crude oil...

    • Posted March 29, 2011
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  • Major losses drag down indices by 0.9%

    Major losses recorded by companies on the Nigerian Stock Exchange on Monday further dragged down market indicators at the close of trading. For Instance, Japaul Oil and Maritime Services Plc led the price losers’ chart, shedding five...

    • Posted March 29, 2011
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  • NigComSat inaugurates Servicom unit

    The Nigerian Communications Satellite Limited has inaugurated its Servicom unit to help employees improve on service delivery to its numerous customers. This, according to a statement on Monday, is in line with global best practices and the...

    • Posted March 29, 2011
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  • e-Payment: Infrastructure duplication hindering cheaper transactions – NIBSS

    The Managing Director, Nigeria Inter-Bank Settlement System, operator of the Nigerian Central Switch, Mr. Paul Lawal, has said that the multiplicity of infrastructure and investments is the bane of cheap electronic payment services in Nigeria. Speaking in...

    • Posted March 29, 2011
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  • Human resource development will help revamp economy -Odu’a GMD

    Human resource development has been said to be indispensable for the development of any economy. This was disclosed recently by the Group Managing Director (GMD) of Odu’a Investment Company, Mr Adebayo Jimoh, in a speech  delivered at...

    • Posted March 29, 2011
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  • SON seizes containers of substandard second-hand cylinder

    Standards Organisation of Nigeria (SON) recently seized 4-feet container load of substandard second-hand cylinders. Mr Suleiman Isa,  Head of Enforcement, SON, disclosed in Lagos while showing journalists round some of the seized substandard items, including cylinders that...

    • Posted March 29, 2011
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  • FG to rehabilitate power plants before privatisation commences

    The Federal Government has announced plans to rehabilitate all power generating stations in the country before the generating plants are transferred to the successful private investors. Speaking at the commissioning of a hydrogen power project in Lagos...

    • Posted March 29, 2011
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  • Indigenous Firm Identifies Oil in Mature Well

    Oildata, a pioneer Nigerian oil and gas service company has deployed for the first time novel digital reservoir monitoring technology, which successfully identified zones of by-passed hydrocarbons in an old oil well for one of the major...

    • Posted March 29, 2011
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  • Power Supply: Egbin Station Hits Over 1,000mw

    With the recent inauguration of a newly installed Hydrogen Plant and the repair of the Station Turbine 1 (St -01), the power generation of Egbin Electric Power Plc, the highest gas-fired power station in Nigeria, has hit...

    • Posted March 29, 2011
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  • Solid Minerals: Nigeria Gets 2012 Deadline

    Weeks after Nigeria achieved the Extractive Industries Transparency Initiative (EITI) compliance status one month ahead of schedule, the country is set to begin audit of her solid minerals sector to meet up with the June 2012 deadline...

    • Posted March 29, 2011
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  • FG Partners Firm for 10m Jobs

    As part of efforts to create more jobs in Nigeria to tackle the growing scourge of unemployment, the Federal Government is partnering with Dermo Impex Nigeria limited, a subsidiary of an Italian firm, Dermo Impex, Italy, to...

    • Posted March 29, 2011
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