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  • 70% of air crashes in Nigeria caused by regulatory inefficiency – AON

    Airline Operators of Nigeria (AON) thursday said about 70 per cent of the air accidents that happened in Nigeria were caused by regulatory inefficiency and negligence by government agencies in the industry. This was disclosed by the...

    • Posted July 4, 2015
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  • House of the Week: A beautiful 5-bedroom house for sale at Omole Phase 1, Lagos

    Our featured property of the week is a 5 bedroom house for sale at Omole Phase 1, Lagos. This property has 5 bedrooms, 5 bathrooms, 1 dining area and 1 room BQ. Located in one of the...

    • Posted July 3, 2015
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  • CBN extends Forex curbs to export proceeds, BDCs

    The Central Bank of Nigeria (CBN) on Wednesday stated that beyond the exclusion of funding for 41 items in the interbank forex market, the items cannot also be funded from proceeds of exports as well as the...

    • Posted July 3, 2015
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  • Stakeholders want Tank Farms relocated from Apapa

    Following the last stakeholders’ meeting held at Alausa, to find lasting solutions to the traffic gridlock within Apapa and its environs, stakeholders and residents in the community have concluded that tank farms in the surroundings should be...

    • Posted July 3, 2015
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  • FIRS collects N1.8trn in six months

    The Federal Inland Revenue Service (FIRS) said on Thursday in Abuja that it collected N1.85 trillion as tax from the various sectors of the economy between January and June this year. The Acting Chairman of agency, Mr...

    • Posted July 3, 2015
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  • Oil slump: Expert expects further naira devaluation soon

    The United Bank for Africa Plc says it expects a further devaluation of the naira very soon and predicts that the development may make goods imported into the country more expensive. The Executive Director, Treasury and International...

    • Posted July 3, 2015
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  • Investors raise 500million Euros for Calabar Sea Port project

    A consortium, Broad Spectrum Industrial Services,  has raised 500 million Euros for the financing of the proposed Calabar Deep Seaport. Other signature projects initiated by the Cross River State Governor, Senator Ben Ayade, which attracted the interest...

    • Posted July 3, 2015
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  • Dominance in telecoms is no threat to business – MTN insists

    MTN Nigeria, the largest telecommunications network in Nigeria by subscriber number, has dispelled the fears in the telecoms industry that operational dominance is a threat to business growth and survivability. Chief Executive Officer of MTN Nigeria, Mr....

    • Posted July 3, 2015
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  • CBN to sell N50.4bn Treasury bills

    The Central Bank of Nigeria is planning to raise N50.4bn from the sale of new Treasury bills, data from the central bank has shown. According to the CBN, the TBs will have three-month and six-month maturities and...

    • Posted July 3, 2015
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  • Joda committee recommends merger of airlines

    A 19-member committee of the All Progressives Congress has advised the Federal Government led by President Muhammadu Buhari to merge the country’s debt-laden airlines and create a national carrier in partnership with a global airline to boost...

    • Posted July 3, 2015
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  • Egbin power plant now generates 1,000MW

    Nigeria’s largest power generation plant, Egbin Power Plc, is for the first time in eight years generating above 1,000 megawatts of electricity. This follows continuous investment and upgrade activities on the plant by the Sahara Power Group...

    • Posted July 3, 2015
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  • Implementation of 35% levy on used cars stalled

    There are indications that the collection of 35 per cent import levy on used cars, popularly called Tokunbo, which was due to begin on July 1, 2015, has been put on hold. The levy is the second...

    • Posted July 3, 2015
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  • 90% of motor insurance certificates possessed by motorists are fake – Police

    The  police in Lagos have said the geometric increase in the cases of insurance fraud across the country is now a source of worry to the command and stake holders in insurance industry. The police pointed at...

    • Posted July 3, 2015
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  • OPEC crude oil production hits three-year high

    Despite the clamour by the poorer members of the Organisation of Petroleum Exporting Countries (OPEC) for the cartel to reduce crude oil production due to the drop in prices, OPEC’s daily output climbed to a three-year high...

    • Posted July 2, 2015
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