Don't Miss


Latest News

  • NNPC shuts Kaduna, Warri refineries over operation costs, TAM

    The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions. A top official of the corporation told Daily Trust, yesterday,...

    • Posted October 15, 2017
    • 0
  • Bi-Courtney denies owing FAAN N2bn

    Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport private terminal known as MMA2 has denied owing the Federal Airports Authority of Nigeria (FAAN) N2bn. The National Union of Air Transport Employees (NUATE), Air Transport...

    • Posted October 14, 2017
    • 0
  • NPA boss wants state of emergency declared at ports

    The Managing Director/CEO of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has called on the Federal Government to declare a state of emergency in the Nigerian ports to accelerate ports infrastructure and intermodal transportation infrastructure development....

    • Posted October 14, 2017
    • 0
  • Reps query CBN, banks over excess charges on stamp duty

    A House of Representatives panel has queried the Central Bank of Nigeria (CBN) and some commercial banks for allegedly charging extra amount out of the approved N50 stamp duty collected on behalf of the government. The committee...

    • Posted October 13, 2017
    • 0
  • N37bn loans to farmers, SMEs in default – BOA MD

    The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s...

    • Posted October 13, 2017
    • 0
  • Senate halts consideration of immigration budget

    The Senate yesterday suspended consideration on the 2017 budget of the Nigerian Immigration Services (NIS) over passport contracts sharing formula. The suspension was after the report of the Senate committee on Interior on the budget was presented...

    • Posted October 13, 2017
    • 1
  • $18bn Dangote refinery will boost Nigeria’s foreign investment – IPMAN

    The Independent Petroleum Marketers Association of Nigeria (IPMAN), western zone, on Wednesday says that the 18 billion dollars Dangote refinery will boost the country’s foreign investment when it finally comes on stream. The Zonal Chairman, Alhaji Debo...

    • Posted October 12, 2017
    • 0
  • DisCos reduce metering gap by 2.2m since 2013 privatisation

    The Association of Nigerian Electricity Distributors (ANED) said the 11 Distribution Companies (DisCos) have reduced customers metering gap by 2.2 million since the power sector was privatised in 2013. ANED’s Director of Advocacy and Research,  Barrister Sunday...

    • Posted October 12, 2017
    • 0
  • World Bank sees modest growth recovery in Sub-Saharan Africa

    Economic growth in Sub-Saharan Africa is recovering at a modest pace, and is projected to pick up to 2.4% in 2017 from 1.3% in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state...

    • Posted October 12, 2017
    • 0
  • Nigeria produces 67% of global yam output – Ogbeh

    The Federal Government says it will not relent in its yam export policy which is aimed at attracting foreign exchange for the country. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this during a...

    • Posted October 11, 2017
    • 0
  • Dangote shares success story with foreign investors

    Africa’s richest person, Aliko Dangote, has attributed his resolve to achieve self-sufficiency in commodity manufacturing through the strategy of backward integration as key to the success of his business. Speaking during a public conversation at the Financial...

    • Posted October 11, 2017
    • 0
  • Sell out if you can’t run the business – Osinbajo tells DISCOS

    Vice President, Prof. Yomi Osinbajo has told the electricity distribution companies (DISCOs) to invest and run their businesses profitable or sell to those who can, if they are not able to manage them. The Vice President was...

    • Posted October 11, 2017
    • 0
  • FBNHoldings Appoints Oluseye Kosoko Company Secretary as Tijjani Borodo Bows Out after 30years of Meritorious Service

    FBN Holdings Plc has announced the appointment of Oluseye Kosoko as Company Secretary subject to regulatory approval. In the same vein, Tijjani Borodo, the outgoing Company Secretary will still be around for the next few months to...

    • Posted October 10, 2017
    • 0
  • Oando crisis: Shareholders warn SEC against cover up

    Following the directive given to the Securities and Exchange Commission (SEC) by the House of Representatives Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc, shareholders of the company...

    • Posted October 9, 2017
    • 0