Latest News

• 
  MasterCard certifies NIMC card bureau facility

  MasterCard, following a recent security audit, has again recertified the card personalisation bureau of the issuing authority for identity, the National Identity Management Commission, under the Global Vendors Certification Programme. The security audit on the NIMC’s bureau...

  • Posted June 2, 2015
  • 0
• 
  Lagos signs Ikeja, Ikoyi, Apapa model city plans

  The Lagos State Government has signed three model city plans to guide physical development of different areas of the metropolis in the next 10 years. This is in line with its determination to ensure a better, safe...

  • Posted June 2, 2015
  • 0
• 
  LCCI demands Buhari’s economic plan

  The Lagos Chamber of Commerce and Industry has said the private sector expects the President Muhammadu Buhari administration to unveil its economic blueprint in the next few days. The chamber, in a goodwill message to the new...

  • Posted June 2, 2015
  • 0
• 
  Marketers hoard petrol over subsidy removal rumour

  Indications emerged on Sunday that some marketers of refined petroleum products, who were not sure of the new policy direction of the President Muhammadu Buhari-led All Progressives Congress government concerning the oil sector, had resorted to stockpiling...

  • Posted June 2, 2015
  • 0
• 
  Zenith Bank builds multi-million naira ICT Center in Delta

  As part of its corporate social responsibility, Zenith Bank Plc has handed-over a state-of-the-art Information and Communication Technology (ICT) centre to the Delta State Government for the use by the people of the state. The facility, which...

  • Posted June 2, 2015
  • 0
• 
  EFCC arrests six CBN staff, 16 banks’ staff over N8bn scam

  At least six top officials of the Central Bank of Nigeria and 16 other workers of commercial banks in the country have been arrested by the Economic and Financial Crimes Commission (CBN) for a mega scam involving...

  • Posted June 1, 2015
  • 0
• 
  Naira may be devalued again – Report

  Following the inauguration of the new administration, the naira may be devalued again to reflect the recent drop in Nigeria’s foreign reserves, analysts at Renaissance Capital have said. The analysts said this in a report, ‘Nigeria beyond...

  • Posted May 31, 2015
  • 0
• 
  CBN announces N35.4bn net income

  The Central Bank of Nigeria on Friday formally released its audited financial statements for 2013 and 2014 financial periods. The bank in a statement made available to journalists in Abuja said that with the release of the...

  • Posted May 31, 2015
  • 0
• 
  Ex-minister calls for sustained efforts on affordable housing

  The immediate past Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, has called on the new administration of President Muhammadu Buhari to pay more attention to the housing sector in order to ensure that the...

  • Posted May 31, 2015
  • 0
• 
  RenCap predicts further naira devaluation

  Analysts at Renaissance Capital Limited (RenCap) have predicted a further devaluation of naira in order to reflect what they described as the $4.5 billion fall in Nigeria’s forex reserves. They also ruled out the likelihood of easing...

  • Posted May 30, 2015
  • 0
• 
  Court strikes out suit against DStv

  A Federal High Court in Lagos yesterday struck out a suit filed by some aggrieved subscribers challenging the recent 20 per cent increment on subscription rate of the Digital Satellite Television (DStv), operated by MultiChoice Nigeria Limited....

  • Posted May 30, 2015
  • 0
• 
  Ex-minister urges new govt to ban rice imports

  The new government of President Muhammadu Buhari has been urged to stop the importation of rice as this will save the country billions of dollars annually. A former Minister of Commerce and Industry, Engr. Charles Ugwuh, stated...

  • Posted May 30, 2015
  • 0
• 
  Court stops NERC from increasing electricity tariff

  A Federal High Court in Lagos on Thursday restrained the Nigerian Electricity Regulatory Commission (NERC) from implementing the new electricity tariff billed to be effective from June 1. Trial judge, Justice Mohammed Idris, in a ruling on...

  • Posted May 30, 2015
  • 0
• 
  IPMAN indicts FG of ethical abuses in lingering leadership crisis

  The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alleged that the federal government could be guilty of encouraging the internal leadership crisis that is presently rocking the association. A faction of IPMAN led by its...

  • Posted May 30, 2015
  • 0