Latest News

• Nigeria remains low fertiliser consumer

  THE Permanent Secretary in the Federal Ministry of Agriculture and Rural Development, Mrs. Fatima Bamidele has said that Nigeria was currently among the lowest consumer of fertiliser in the world with an average rate of about 13kg...

  • Posted March 24, 2011
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• Expert urges govt to establish national shipping line

  AN export trade facilitator, Mr. Mohammed Abdulsalam, has advised the Federal Government to establish a national shipping line to ease movement of Nigerian products to other West African countries. Abdulsalam, Managing Director of Nexportrade Houses Limited, an...

  • Posted March 24, 2011
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• Skye Bank to raise $1.5b for business support

  Skye Bank Plc is to raise $1.5 billion from international funding agencies for lending. The move is informed by the increasing demand for credit arising from growing business fortunes of its customers. The bank’s Head of...

  • Posted March 23, 2011
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• FINANCIAL MATTERS: Inflation, what do the numbers mean?

  The inflation numbers for February are in, and they do surprise. Prices, it seems, are not growing as fast as they did two months ago. According to the new numbers, consumer prices in the country rose by...

  • Posted March 23, 2011
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• Finance group to invest N112.5b in Union Bank

  Union Bank has signed a memorandum of Agreement (MOA) with the African Capital Alliance Consortium (ACA Consortium ) to invest N112.5 billion ($750 million) in the bank. This is sequel to the earlier announcement that the bank...

  • Posted March 23, 2011
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• Take advantage of electronic products, First Registrars advises shareholders

  TO facilitate safer and convenient transactions, shareholders in Nigeria’s stock market have been advised to embrace electronic products. According to the Managing Director and Chief Executive Officer of First Registrars Nigeria Limited (FRNL), Mr. Bayo Olugbemi, numerous...

  • Posted March 23, 2011
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• Global oil, gas spending to hit $841b this year, says report

  GLOBAL oil and gas capital spending in 2011 may hit $841 billion (N127 trillion), based on estimated increasing energy demand across the globe. A report just released by a UK-based LNGReport, stated that the Middle East Africa...

  • Posted March 23, 2011
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• Looting still persists in public sector, Bankole affirms

  SPEAKER of the House of Representatives, Dimeji Bankole, yesterday, declared that some corrupt Nigerians were still looting billions of Naira from the public treasury. In an interactive session with journalists in Abeokuta, Ogun State, he said that...

  • Posted March 23, 2011
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• Govt eyes private sector for $100b regular power supply fund

  THE Federal Government may have opted to seek partnership with private sector operators, for the revival of the nation’s power sector, as it could not fully fund the $100 billion (N15 trillion) required for the scheme to...

  • Posted March 23, 2011
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• Govt advocates youths’ participation in agric

  AMONG measures to guarantee sustainable food security in the country, the Federal Government has called for involvement of youths in food production. The Permanent Secretary in the Ministry of Agriculture and Rural Development, Mrs. Fatima Bamidele made...

  • Posted March 23, 2011
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• ASSBIFI hails IAP award, faction files objection

  THE Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has hailed the recent awards made in its favour by the Industrial Arbitration Panel (IAP), even as it urged the break-away faction to “return home”....

  • Posted March 23, 2011
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• Nigeria, India hold bilateral trade fair

  THE maiden trade exhibition for promotion of bilateral relations between Nigeria and India in the field of pharmaceuticals and education is set to hold between today and tomorrow, at the Federal Palace Hotel, Victoria Island, Lagos. The...

  • Posted March 23, 2011
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• More Nigerians become millionaires in Airtel’s Feel Free Bonanza

  THE ongoing Feel Free Bonanza of leading telecommunication service provider, Airtel has produced more millionaires. The latest participants to win millions in the promo include Gabriel Odite, a businessman who resides in Lagos, Felix Ojojo, a student...

  • Posted March 23, 2011
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• ‘Wonder Bank’ makes a volte-face, challenges tribunal’s jurisdiction

  IT was a surprise twist of event at the Investment and Securities Tribunal (IST) during the report of settlement of the case brought by 14 representatives of investors of Nospetco Oil and Gas Limited against the Security...

  • Posted March 23, 2011
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