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  • 2.3GHz spectrum service ready in January

    Service on the 2.3GHz spectrum, which is expected to boost service quality, will be available for telecoms consumers as from January 2015, it was learnt on Thursday. Bitflux Consortium made this known through VDT Communications, the promoter...

    • Posted October 28, 2014
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  • Additional capital boosts Unity Bank’s growth plan

    The conclusion of Unity Bank’s rights issue and special placement, which saw the bank raise more than N39bn additional capital have put the bank in a position to pursue its growth strategy, our correspondent has gathered. Unity...

    • Posted October 28, 2014
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  • Enterprise Bank: Heritage Bank pledges innovative services

    Heritage Bank Limited has said that its acquisition of Enterprise Bank will produce a bigger and more innovative organisation. Managing Director/Chief Executive, Heritage Bank Limited, Mr. Ifie Sekibo said this at the sidelines of his investiture by...

    • Posted October 28, 2014
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  • Lagos Airport still busiest as Bielderman becomes NAHCO CEO

    The Murtala Muhammed International Airport in Lagos remained the busiest air transport facility with 1,683,375 passengers in the first quarter of the year, representing 49.27 per cent of the total traffic recorded at the airport, according to...

    • Posted October 27, 2014
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  • Nigeria has the capacity to confront major threats – Okonjo-Iweala

    On the front burners at the 2014 IMF-World Bank Meetings were the issues of falling oil prices at the international market and the deadly Ebola Virus Disease, that are  threatening many economies.  But the  Coordinating Minister for...

    • Posted October 27, 2014
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  • Nigeria imports three million bags of rice in October

    Nigerians imported 165, 852 metric tonnes of rice in the first three weeks of October this year, amounting to over three million bags of 50 kilogramme of the commodity. With an average market price of N10,000 per...

    • Posted October 27, 2014
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  • Switch to energy bulbs – FG tells consumers

    Over 1,200 megawatts of electricity is consumed by incandescent light bulbs, otherwise known as screw-in or filament light bulbs, which are widely used across Nigeria, the Federal Government has said. It said the continued use of incandescent...

    • Posted October 27, 2014
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  • Bad loans eating into our profits – Unity Bank CEO

    The Chief Executive Officer, Unity Bank Plc, Mr. Henry Semenitari, spoke to some journalists in Abuja on bad loans and other issues affecting the banking industry; EVEREST AMAEFULE was there Can you share some of your experiences with us since...

    • Posted October 27, 2014
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  • Discos appeal NERC’s order on Open Book Review

    The 11 electricity distribution companies (Discos) that have been ordered by the Nigerian Electricity Regulatory Commission (NERC) to remit approximately N19,328,280,638.62 allegedly owed to the Federal Inland Revenue Services (FIRS), Nigerian Electricity Liabilities Management Company (NELMCO) and...

    • Posted October 27, 2014
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  • NAIDP: Oando backs policy, eyes manpower development

    When the President, Dr Goodluck Jonathan, announced the new automotive industry policy on October 2, 2013, he breathed new life into a vital sector of Nigeria’s economy which had been comatose for several years. Clearly, Nigeria has...

    • Posted October 27, 2014
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  • New NCAA Director General to resume duty next week

    The newly appointed Director General (DG) of the Nigerian Civil Aviation Authority (NCAA), Captain Muhktar Usman, will resume work next week after collecting his letter of appointment last Tuesday. The acting DG of the agency, Benedict Adeyileka,...

    • Posted October 26, 2014
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  • NIG commends GTBank on innovative Internet Banking

    The Nigeria Internet Group (NIG) has recognised Guaranty Trust Bank (GTBank) as one of the foremost Nigerian banks with a very innovative internet banking platform and top-of-the-range electronic solutions, products and services which avail customers ease and...

    • Posted October 26, 2014
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  • FG to approve N100bn for mini nodern Ranches

    The federal government on Thursday said it was considering approving N100 billion for the establishment of mini modern ranches across the country. The fund, according to the Committee on Grazing Reserves chaired by the Benue State Governor,...

    • Posted October 26, 2014
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  • VON Automobile can neet Nigeria’s vehicle needs – Singh

    VON Automobile multivehicle assembly plant along Lagos–Badagry Expressway can meet the country’s vehicular demand with its current production capacity of 50,000 vehicles annually, the group Managing Director (automobile division) Stallion Motors Limited, Mr. Parvir Singh has said....

    • Posted October 26, 2014
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