Latest News
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Benue Government blames FG, oil price for non-payment of salaries
The inability of the Benue State government to meet workers wage bill has been blamed on the shortfall in revenue accruing to the state from the federation account and the lack of will by the federal government...
- Posted May 3, 2016
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We will pay our debts – Airlines assure NCAA
Airline operators in the country have assured the Nigerian Civil Aviation Authority that all outstanding debts will be paid in line with an agreement reached with the agency a week ago. The assurance was given during a...
- Posted May 2, 2016
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Foreign exchange earnings drop by $7.05bn
The Nigerian economy recorded a decline of $7.95bn in foreign exchange inflows in the last quarter of 2015, figures obtained from the Central Bank of Nigeria have revealed. The CBN said in its economic report for the...
- Posted May 2, 2016
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Edo government increases workers’ minimum wage
Edo State Governor, Adams Oshiomhole on Sunday announced the increment of the National Minimum Wage from N18,000 to N25, 000 with immediate effect, for employees in the State Public Service. He also promised prompt payment of outstanding...
- Posted May 2, 2016
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Dollar scarcity: Nigerian travellers buy tickets from abroad
As the scarcity of dollars continues to affect operations in the Nigerian aviation industry, travel agencies are devising creative ways of remaining in business. Specifically, Nigerian travel agencies are now collaborating with their counterparts in China, United...
- Posted May 2, 2016
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Further rise in inflation imminent as economy hurts
Following the rise in the Consumer Price Index (CPI), which measures inflation for three consecutive months to 12.8 percent in March, experts have cautioned that the index is likely to maintain its upward trend in April. The...
- Posted May 2, 2016
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Elumelu challenges entrepreneurs on mentorship
The Chairman of Heirs Holdings, Mr. Tony Elumelu has challenged entrepreneurs to mentor young Nigerians in order to bridge the expertise and capacity gap between both sides. Elumelu, guest speaker at the Learning Event of Entrepreneurs Organisation...
- Posted May 1, 2016
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Fuel marketers challenge DPR, others to enforce price at depots
Petrol Filling station Owners Association has tasked the Department of Petroleum Resources (DPR) to enforce official price of the Premium Motor Spirit (PMS) otherwise called petrol right from depots rather chasing marketers at filling stations. This is...
- Posted May 1, 2016
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NSIA urges replication of Osun food security initiative
The Managing Director of Nigerians Sovereign Investment Authority, Uche Orji, has urged the replication of the Osun Broiler Out-grower Production Scheme in other states of the federation. He said the initiative would help to solve the challenges...
- Posted May 1, 2016
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Preparation for 2017 budget has commenced – FG
The Federal Government, in a bid to avoid the repetition of the crisis that trailed the 2016 budget, said on Thursday that it had commenced preparations for the 2017 budget process. The Minister of State for Budget...
- Posted April 30, 2016
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Electricity consumers paying outrageous bills – NERC
The Nigerian Electricity Regulatory Commission on Thursday said it had commenced investigations into the various metering claims presented to it by power distribution companies. It also stated that it had set up task forces to monitor the...
- Posted April 30, 2016
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Create jobs to fight unemployment – FG tells Nigerians
The Federal Government has called on Nigerians to fight unemployment through employment generation, entrepreneurship development, mentoring and all other ventures that seek to promote self-reliance and development. The Minister of Labour and Employment, Dr. Chris Ngige, made...
- Posted April 30, 2016
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International airlines operators in Nigeria earn N302bn from ticket sales
Airlines that operate international destinations from Nigeria made over N302 billion ($15 billion) from ticket sales in 2015. The airlines included European mega carriers, US carriers, African and indigenous operators. Among the major carriers emirates earned the...
- Posted April 30, 2016
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Stanbic IBTC stockbrokers unveil e-trading platform on NSE
Nigeria’s largest stockbroking firm and member of Stanbic IBTC Holdings PLC, Stanbic IBTC Stockbrokers Limited has launched an online stockbroking service on the Nigerian Stock Exchange (NSE) with real-time processing capacity. The Stanbic IBTC E-Trade provides investors...
- Posted April 30, 2016