Latest News

• 
  FG may privatise FAAN, some airport terminals

  There is an indication that the federal government may divest at least 51 per cent ownership of the Federal Airports Authority of Nigeria (FAAN) to private investors. It has also emerged that government plans to concession some...

  • Posted June 7, 2015
  • 0
• 
  Nigerians willing to buy fuel online – Report

  A survey carried out on Nigerians’ willingness to buy petroleum products through the Internet by kaymu.com.ng has revealed that 73 per cent of the citizens are willing to buy the products online if the law permits it....

  • Posted June 6, 2015
  • 0
• 
  BAT loses N9bn annually to illicit tobacco traders

  The British American Tobacco has lamented the loss of £30m (about N9bn) every year to the activities of illicit tobacco traders and cloners of the firm’s various brands of cigarettes. Speaking at a press conference to mark...

  • Posted June 6, 2015
  • 0
• 
  FG earned N756.7bn from taxes in Q1 – FIRS

  A total sum of N756.7bn was earned by the country from taxes in the first three months of this year, figures obtained from the Federal Inland Revenue Service have revealed. The tax income figures for the first...

  • Posted June 6, 2015
  • 1
• 
  OPEC considers $80 as new oil price

  Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some Organisation of Petroleum Exporting Countries members are publicly talking for the first time about...

  • Posted June 6, 2015
  • 0
• 
  CBN slightly adjusts naira-dollar foreign exchange rate

  The Central Bank of Nigeria on Thursday made a slight adjustment to its naira-dollar exchange rate peg, data on its website showed. The bank adjusted the rate at which it sold the United States dollar from N197...

  • Posted June 6, 2015
  • 0
• 
  Equities Market sheds N62bn as bears regain control

  The Nigerian equities market shed N62.07 billion Wednesday as the  bears returned after a day’s break. The market had appreciated by 0.05 per cent on Tuesday following increased demand for shares by some investors. However, the  positive...

  • Posted June 5, 2015
  • 0
• 
  House of the Week: An exquisite 6-bedroom house for sale at Asokoro, Abuja

  Beautiful, exquisite and gorgeous! This aptly describes our featured house of the week. This tastefully finished house is a 6 bedroom duplex for sale at Asokoro, Abuja. This house features 6 bedrooms, 6 bathrooms, 2 sitting rooms,...

  • Posted June 5, 2015
  • 0
• 
  Dangote, Ijewere express confidence in Adesina’s ability to pilot AfDB

  The Chairman of Nigeria Agriculture Business Group (NABG), and its Coordinator, Sani Dangote and Emmanuel Ijewere, yesterday expressed confidence in the ability of the newly elected President of African Development Bank (AfDB), and former Minister of Agriculture...

  • Posted June 5, 2015
  • 0
• 
  Unpaid petrol subsidy claims rise to N291bn

  As queues of motorists continue to grow at filling stations a week after the intervention of the Senate, oil marketers on Wednesday said they were still being owed over N291bn subsidy claims, denying that they were saboteurs....

  • Posted June 5, 2015
  • 0
• 
  Africa’s mobile phone access to double in five years

  Eighty per cent of sub-Saharan Africa’s 800 million people should have access to mobile telephones by the end of the decade, double the current rate, although government help is needed to reach far-flung areas, industry body group...

  • Posted June 5, 2015
  • 0
• 
  Fuel depot owners blame scarcity on banks, CBN regulations

  Owners of fuel depots under the aegis of Depot and Petroleum Products Marketers Association (DAPPMA) have blamed the current fuel crisis on banks and the regulations issued by the Central of Bank of Nigeria (CBN), which imposed...

  • Posted June 5, 2015
  • 0
• 
  Diversify income sources – OPEC chief tells Nigeria, others

  etroleum Exporting Countries, Abdalla El-Badri, on Wednesday urged oil producers to look for alternative sources of income and develop other sources of energy aside from crude. Crude oil accounts for over 90 per cent of Nigeria’s exports...

  • Posted June 5, 2015
  • 0
• 
  Buhari must tackle corruption to rebuild economy – ICAN

  The President Muhammadu Buhari-led administration must tackle corruption urgently if it hopes to make meaningful progress that will impact on the lives of ordinary Nigerians on time, the newly-elected President, Institute of Chartered Accountants of Nigeria, Mr....

  • Posted June 5, 2015
  • 0