Don't Miss


Latest News

  • No provision for repair of Abuja airport in 2017 budget – Saraki

    Senate President Bukola Saraki says no provision was made  for the repair of the runway of Nnamdi Azikiwe International Airport, Abuja,  in the 2016 and 2017 budgets. The airport will be closed for repairs from March 8...

    • Posted February 11, 2017
    • 0
  • Mobil Producing Nigeria gets new Managing Director

    Mobil Producing Nigeria Unlimited, a Nigerian affiliate of the American oil giant, ExxonMobil Corporation, has announced the appointment of Mr. Paul McGrath as the new Chairman and Managing Director effective March 1, 2017. McGrath will succeed Mr....

    • Posted February 11, 2017
    • 0
  • RMAFC okays new tax policy

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has endorsed the new national tax policy recently announced by the federal government to shore up the country’s dwindling revenue base, occasioned by the shortfall in oil prices as...

    • Posted February 10, 2017
    • 0
  • Elumelu retires as AFC Non-executive Director

    The Africa Finance Corporation (AFC) has announced that Mr. Tony Elumelu, a non-executive director of the corporation has decided to retire from its board, after nine years of “meritorious service.” Elumelu, according to a statement yesterday, was...

    • Posted February 10, 2017
    • 0
  • MTN blames NCC fine for imminent full-year loss

    MTN Group has announced that it is expecting to report a full-year loss because of the N330bn regulatory fine imposed on it by the Nigerian government. In a statement released on Wednesday, MTN said the fine took...

    • Posted February 10, 2017
    • 0
  • Investor negligence blamed for N10bn Capital Market scam

    Some capital market stakeholders have cited negligence and greed on the part of investors in the share scam involving Partnership Securities Limited (PSL). The Chief Executive Officer of PSL, Mr. Victor Ogiemwonyi is currently in the custody...

    • Posted February 9, 2017
    • 0
  • More banks to raise capital in 2017

    The macro-economic challenges in the country as well as the level of depreciation suffered by the nation’s currency, will compel more commercial banks to seek for avenues to beef their capital this year, a Lagos-based investment and...

    • Posted February 9, 2017
    • 0
  • Food safety key to economic revival – Ministers

    Five ministers and international and local stakeholders working in the area of food safety said improved food safety system was key for Nigeria to increase its economic investments. They made this known yesterday in Lagos during the...

    • Posted February 9, 2017
    • 1
  • FX: Why we can’t meet oil marketers’ demand – CBN

    The Central Bank of Nigeria (CBN) said yesterday that it could not meet the demand for foreign exchange by oil marketers because of the continuous decline in our forex earning and receipts. The Deputy Governor of the...

    • Posted February 8, 2017
    • 0
  • Recession will soon be history – Osinbajo

    Acting President Yemi Osinbajo has assured Nigerians that the current recession will soon be over as the government is determined to put back the economy on a sound footing through diligent implementation of the recovery and growth...

    • Posted February 8, 2017
    • 0
  • After Lufthansa, South African Airways rejects Kaduna airport

    South African Airways has vowed not to fly to Kaduna during the six weeks that Nnamdi Azikiwe International Airport would be shut. The Abuja airport would be closed from March 8 in order to carry out repairs...

    • Posted February 8, 2017
    • 0
  • Stock Market sheds 4% from January to date

    Trading activities on the floors of the Nigeria Stock Exchange (NSE) closed last Friday with the NSE All-Share Index (ASI) plunging 3.99 per cent year to date. The stock market had been posting rather unimpressive outing since...

    • Posted February 6, 2017
    • 0
  • NCAA slams N32m fine on First Nation Airways

    First Nation Airways and one of its Pilots have been fined by the Nigerian Civil Aviation Authority (NCAA) over violation of safety regulations. In a Letter of Sanction conveying the penalties, the Airline was ordered to  pay...

    • Posted February 6, 2017
    • 0
  • We won’t fix food prices — FG

    The task force set up Wednesday by the Federal Executive Council to tackle rising cost of food items has clarified that its assignment is “not about government intervening directly in the market for staple foods either though...

    • Posted February 5, 2017
    • 0