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  • FG, states, LGs shared N7.75tn in 2014

    The Federation Accounts Allocation Committee shared a total sum of N7.75tn among the three tiers of government in the 2014 fiscal period. An analysis of the monthly distribution made available to our correspondent on Tuesday also showed...

    • Posted February 12, 2015
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  • Naira slides to 200 against dollar

    These are not interesting times for the naira, which entered a free-fall mode on Monday following the postponement of the national elections by six weeks by the Independent National Electoral Commission on Saturday. The currency on Tuesday...

    • Posted February 12, 2015
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  • Underwriters deny federal workers, policemen insurance cover

    The families of Federal Government workers and police officers who have lost their lives since the beginning of this year have been denied insurance cover by underwriting firms. Investigation revealed that the underwriters took the decision because...

    • Posted February 12, 2015
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  • Jonathan launches Youth Entrepreneurship Online Portal

    President Goodluck Jonathan on Tuesday  launched the Youth Entrepreneurship Strategy (YES). He equally launched an online portal to serve as  a common platform for all of federal government’s diverse youth training entrepreneurship interventions. The portal – Nigeria...

    • Posted February 12, 2015
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  • South African firm may exit Nigeria over falling crude oil price

    South Africa’s oil and gas explorer, SacOil Holdings Limited has stated that it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and exit the country, following the plummeting prices of...

    • Posted February 11, 2015
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  • Nigeria, Ghana, others to benefit from $3.3m rice production grant

    Four African countries-Nigeria, Burkina Faso, Ghana and Tanzania – are to benefit from the $3.3 million grant provided by Bill and Melinda Gates (BMGF) and the German Development Cooperation (BMZ), under their Competitive African Rice Initiative (CARI)...

    • Posted February 11, 2015
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  • Oil prices to rise amid growing demand – OPEC

    The Organisation of Petroleum Exporting Countries has said the demand for crude oil is expected to rise this year, boosting prices of the product in the international market. The oil cartel made this known in its monthly...

    • Posted February 11, 2015
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  • Seplat Petroleum defies Bears, leads price gainers

    Shares in Seplat Petroleum Development Company Plc on Monday recorded  the maximum  percentage growth to close as the highest price gainer  at the stock market. The equities rose by  10.2 per cent or N34.21  from N333.90 to...

    • Posted February 11, 2015
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  • FG to procure one million meters from local manufacturers

    The Federal Government has stated that the one million meters it proposed to supply to Nigerians as part of the efforts of government to bridge the wide metering gap in the power sector would be procured from...

    • Posted February 11, 2015
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  • Naira hits record low 196.30 to dollar

    The naira hit an all-time low of 196.30 against the dollar at the interbank segment of the foreign exchange market on Monday following the announcement of the postponement of the general elections by six weeks. The Independent...

    • Posted February 11, 2015
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  • Banks must comply with regulations — DataPro

    The Founder and Managing Director, DataPro Limited, Mr. Abimbola Adeseyoju, has urged banks in the country to see compliance with laws and regulations as a necessary tool for the survival of their businesses. He said compliance officers...

    • Posted February 11, 2015
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  • Equities value dips by N209bn on election delay

    Investors on Monday reacted negatively to the postponement of the general elections by the Independent National Electoral Commission, causing the major market indicators to record their biggest drop in more than one week. At the close of...

    • Posted February 11, 2015
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  • Election postponement will affect businesses, investors – LCCI

    The Lagos Chamber of Commerce and Industry has expressed concern about the negative impact of the elections postponement on businesses and investors’ confidence. The LCCI, in a statement on Sunday, said investors needed to have an idea...

    • Posted February 11, 2015
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  • Political tension hampers investment in Nigeria’s oil, gas industry

    As oil and gas industry operators contend with the non-passage of the Petroleum Industry Bill (PIB), which has created uncertainty in the operating environment, the political tension associated with the 2015 general elections is also taking heavy...

    • Posted February 11, 2015
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