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  • Abia State targets N18bn in annual IGR

    Abia State Government is targeting an annual Internally Generated Revenue of N18bn, as the state’s new administration steps up efforts to plug leakages and increase its revenue profile. Declining global oil prices have forced many state governments...

    • Posted August 25, 2015
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  • Forte Oil cuts ties with errant petrol stations

    Forte Oil Plc (formerly AP Plc) on Sunday said it had terminated the contracts between it and four franchised filling stations, which were sealed by the Department of Petroleum Resources at the weekend for manipulating their dispensing...

    • Posted August 25, 2015
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  • Analysts expect banks to record strong performances

    Contrary to expectations that regulatory and economic headwinds will hit banks hard this year by stifling their performance, there are strong indications that 2015 will end on a positive note for most banks. Several banks have reported...

    • Posted August 25, 2015
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  • Banks risk losing N36.4bn to Afren exposure

    Nigerian banks, exposed to Afren Plc to the tune of about N36.4bn ($185m), may lose part of the funds due to the liquidity challenges faced by the oil and gas firm. A report by Renaissance Capital stated...

    • Posted August 24, 2015
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  • Why we’re yet to roll out metering programme in South East – EEDC

    The Enugu Electricity Distribution Company (EEDC) said on Sunday in Enugu that it has earmarked N25billion for investment in Geographic Information System (GIS) and enumeration of customers and assets in its licence area, the south-east zone. The...

    • Posted August 24, 2015
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  • 450MW Azura IPP gets FG, World Bank $237m guarantee

    The federal government has finally signed its backing of a $237 million World Bank Partial Risk Guarantee (PRG) for the construction of the 450 megawatts (MW) Azura-Edo Independent Power Plant (IPP). The government by this development has...

    • Posted August 24, 2015
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  • Nigeria gets N9.4tn investments in 30 months

    A total sum of $47.4bn (about N9.4tn) was invested in the Nigerian economy by local and foreign investors between January 2013 and June this year, figures obtained from the National Bureau of Statistics indicated. The bureau in...

    • Posted August 24, 2015
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  • Job creation drops by 69% in three months

    The National Bureau of Statistics on Friday released its job creation report for the second quarter of 2015, stating that the economy created a total of 141,368 jobs within the period. The bureau, in the report, stated...

    • Posted August 23, 2015
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  • Establish farmers’ intervention fund – Group urges FG

    The Federal Government under President Muhammadu Buhari has been urged to establish a N100bn intervention fund for women farmers in Nigeria. The Kwara State Coordinator, Country Women Association of Nigeria, Alhaja Bosede Anifowose; and the Kwara State...

    • Posted August 23, 2015
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  • NNPC to explore community policing of oil pipelines

    The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has hinted that the corporation may settle for the option of community based policing to protect the vast  network of oil and...

    • Posted August 23, 2015
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  • Dissolution of APCON Council may stall reforms

    The dissolution of the Advertising Practitioners Council of Nigeria (APCON) along with government parastatls by President Muhammadu Buhari has once again thrown spanner in  the works in the affairs of the advertising regulatory body. Just when the...

    • Posted August 23, 2015
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  • Aviation Ministry alleges airlines owe agencies N100billion

    The Ministry of Aviation has alleged that the debts owed to the aviation agencies by Nigerian airlines have risen to about N100 billion. These debts are owed to the Federal Airports Authority of Nigeria (FAAN), the Nigerian...

    • Posted August 22, 2015
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  • Access Bank grows profit by 44% to N39bn, declares interim dividend

    Access Bank Plc thursday reported an impressive half year results, showing significant increases and deliver an interim dividend of 25 kobo per share despite the headwinds in the banking sector. The audited results for the half year...

    • Posted August 22, 2015
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  • CBN, NIBSS seek increased adoption of e-payment

    The Executive Director, Nigeria Inter-Bank Settlement System Plc, Mrs. Christabel Onyejekwe, says the company has collaborated with the Central Bank of Nigeria to introduce an industry-wide incentive to encourage Nigerians to adopt electronic payment for financial transactions....

    • Posted August 22, 2015
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