Latest News

• NNPC unfolds post transformation agenda

  A LIST of projects embedded in the agenda of the Nigerian National Petroleum Corporation (NNPC) under its post – transformation era, has been unveiled. The Group Managing Director, NNPC, Austine Oniwon rolled out the profile of the...

  • Posted March 21, 2011
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• C&I Leasing to float N10b bond, bags two ratings

  AGUSTO & Co, a leading rating agency in Nigeria and Global Credit Rating Co. (GCR), have both affirmed respectively the Bbb + rating and both A and BBB ratings on C& I Leasing, even as the firm...

  • Posted March 21, 2011
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• Nigeria pushes for higher OPEC quota

  THE Federal Government has concluded plans to place a fresh application, seeking review of the country’s oil export quota from Organisation of Petroleum Exporting Countries (OPEC). The move was sequel to the relative peace experienced in the...

  • Posted March 21, 2011
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• Govt to pursue low carbon industrial strategy, says minister

  THE Federal Government has unfolded plans to  pursue a low carbon industrial strategy to achieve Vision 2020 targets. The strategy was contained in a release signed by Michael Donovan,  press secretary, International Centre for Energy, Environment and...

  • Posted March 21, 2011
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• Sanusi blames violence in Jos, others on poverty, ignorance

  GOVERNOR of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, said on Saturday, that most of the violence that occurred in Jos, Bauchi, Borno and the Niger Delta were caused by poverty and ignorance. Sanusi said this in Jos, after receiving an...

  • Posted March 21, 2011
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• Nigeria’s populace, economy safe with ongoing nuclear programme, says Elegba

  THE earthquake and tsunami that recently rocked Japan’s economy, almost to its foundation, have brought to the fore, once again, public fears over the safety of nuclear power plants, to human population. Specifically, the trepidations were hiked...

  • Posted March 21, 2011
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• Inflation biggest threat in 2011, says Khan

  INFLATION has been identified as a key threat to the nation’s economy in 2011, even as it has remained static but on the high side in recent years. This was made known at a media forum with...

  • Posted March 21, 2011
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• World Bank to spend N600m on community projects in Niger

  THE World Bank is spending N600 million in 2011 on the execution of development projects in rural communities in Niger State under its community assistance programme. The programme’s Project Manager, Alhaji Adamu Abubakar, made the announcement at...

  • Posted March 21, 2011
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• Kaduna to disburse interest-free loans to 7,650 persons

  THE Kaduna State government is to disburse interest-free loans to 7,650 beneficiaries under its poverty alleviation scheme. The Commissioner for Poverty Alleviation, Mr. Yohanna Chindo made the announcement on Friday in Kaduna at a skill acquisition training...

  • Posted March 21, 2011
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• NEXIM to join Commonwealth Lawyers Association to promote trade

  THE Nigerian Export-Import Bank (NEXIM) on Friday in Abuja expressed its readiness to partner with the Commonwealth Lawyers Association (CLA) to promote trade. The bank’s Managing Director, Mr. Roberts Orya said in a statement issued by Mr....

  • Posted March 21, 2011
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• NAPE urges govt to shun opposition to PIB passage

  NIGERIAN Association of Petroleum Explorationists (NAPE) has called on the Federal Government to ignore every opposition to the passage of the Petroleum Industry Bill to avoid further delay. The association made this call at its monthly technical...

  • Posted March 21, 2011
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• Firm advocates ‘cost reduction mechanism’ for profitability

  HYPEX Consulting has said that for companies and institutions to remain competitive and maintain profitability, they must, as a matter of necessity, look into managing their operating (non-core) costs in an efficient and effective manner, while not...

  • Posted March 21, 2011
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  Nigeria insurance industry has capacity to respond to risks, says NAICOM

  THE Commissioner for Insurance in the National Insurance Commission (NAICOM), Fola Daniel said that the local industry had adequate capacity to respond to risks. Daniel said this in an interview with the News Agency of Nigeria in...

  • Posted March 21, 2011
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• Nigeria gets World Bank’s new $60m credit to fight polio

  THE World Bank’s board has approved an additional credit of $60 million for Nigeria’s Partnership for Polio Eradication project. According to a news release, these funds will help finance polio vaccines during the coming year, as well...

  • Posted March 21, 2011
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