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  • Stallion begins free Nissan service campaign

    Stallion Nissan Motors Nigeria (NMN) is having a two-week car-care clinic from November 3-15, 2014 during which contemporary Nissan vehicle owners would take advantage of the company’s third nationwide free-service campaign with comprehensive 80-point check-up. The dealership...

    • Posted November 9, 2014
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  • Domestic carriers lose N60bn revenue to limited operations

    Nigerian airlines are denied over N60 billion revenue every year because they were restricted from operating to about 15 airports after 6:00 PM. These 15 airports, located at different parts of the country do not have the...

    • Posted November 9, 2014
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  • 43,000 tonnes of petrol arrive Lagos

    The Nigerian Ports Authority (NPA) on Thursday said four ships with 143,000 tonnes of petrol were waiting to berth at Lagos ports. NPA, in its daily publication, ‘Shipping Position’, reported that four other ships had diesel, aviation...

    • Posted November 8, 2014
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  • Foreign airlines sold N231bn in tickets in 2013 – NCAA

    The Nigerian Civil Aviation Authority (NCAA) has disclosed that foreign airlines sold N231 billion tickets, while domestic carriers sold N73 billion in 2013. This was disclosed by the Director-General of the regulatory body, Captain Usman Mukhtar, at...

    • Posted November 8, 2014
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  • CBN restricts dollar sale to save naira

    The Central Bank of Nigeria has stopped the sale of dollars to some categories of importers at its twice-weekly regulated foreign exchange market in order to save the naira from falling. The move is meant to also...

    • Posted November 8, 2014
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  • Solid minerals producing states to enjoy 13% derivation

    States endowed with solid minerals will soon join their Niger Delta counterparts to enjoy 13 per cent revenue allocation from the federation revenues. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam,...

    • Posted November 8, 2014
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  • Customs rakes N36.7bn from Import Supervision Scheme

    The Nigeria Customs Service (NCS) has raked in  about  N36.7 billion   into the federation account from the one per cent Comprehensive Import Supervision Scheme (CISS) charges.  The money is the amount NCS has so far generated since...

    • Posted November 8, 2014
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  • FG says power generation hits 4,600MW

    The Federal Government claimed on Thursday that for the first time in Nigeria’s history, it was able to generate 4,600 megawatts of electricity. Before Thursday’s announcement, the country’s highest peak generated power was recorded on December 23,...

    • Posted November 8, 2014
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  • House committee raises fears over falling oil prices

    The House of Representatives Committee on Finance on Thursday raised concerns over the continuous fall of crude oil prices. The committee said it might advise the House to return the 2015-2017 Medium Term Expenditure Framework and the...

    • Posted November 8, 2014
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  • IOSCO publishes framework for investor education

    The International Organisation of Securities Commissions has published a final report on the ‘Strategic Framework for Investor Education and Financial Literacy’. According to IOSCO, which is the leading international policy forum for securities regulators and global standard...

    • Posted November 8, 2014
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  • Passengers condemn rising luggage theft at Lagos airport

    Passengers using the Murtala Muhammed International Airport, Lagos have decried the rising cases of missing items from their checked-in luggage. Accordingly, they have called on the relevant authorities to come up with lasting solutions to ensure that...

    • Posted November 8, 2014
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  • Power: FG, States save operators billions in technical training expenditure

    The federal and state governments have again provided some level of financial comfort to operators – generation, distribution and transmission companies – in Nigeria’s emerging electricity sector with its decision to train 7,400 young Nigerians in four...

    • Posted November 8, 2014
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  • Data connectivity boosts Airtel’s profit

    Bharti Airtel’s net income in  third quarter(Q3)  surged 170 per cent to INR13.8 billion ($229 million) as growth in data revenue helped deliver the highest quarterly profit in more than three years. Its overall revenue grew seven...

    • Posted November 7, 2014
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  • Privatisation: BPE warns Nitel/Mtel bidders to honour deadline

    The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has advised the prequalified bidders in the Guided Liquidation of NITEL/MTEL to strictly stick to the Friday deadline for the submission of the technical and financial...

    • Posted November 7, 2014
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