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  • Nigerian economy ranked far above its African peers

    Nigeria has been ranked far ahead of its peers on the continent based on the strength of the country’s macroeconomic indicators. A Lagos-based research and financial advisory firm, Renaissance Capital (RenCap), revealed this in its latest report...

    • Posted September 17, 2014
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  • FG attracts N896bn private investment to agric sector

    The Federal Government on Monday said that in the last four years, it had attracted total investments of about $5.6bn (N896bn) from private investors to the agriculture sector. The Minister of Agriculture and Rural Development, Dr. Akinwumi...

    • Posted September 17, 2014
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  • FG gets $20bn offer for power transmission assets

    The Federal Government is considering offers of more than $20bn for the assets of the Transmission Company of Nigeria as the provision of adequate power continues to pose a challenge. The sale of the TCN may start...

    • Posted September 17, 2014
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  • Shell has divested from eight oil fields in five years – Official

    Shell Petroleum Development Company of Nigeria (SPDC) has confirmed that it has divested from eight Oil Mining Leases (OMLs) in Nigeria from 2010 to date. Shell Media Relations Manager, Precious Okolobo, said in Lagos that the SPDC...

    • Posted September 17, 2014
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  • Business activities disrupted at CAC

    Business activities at the headquarters of the Corporate Affairs Commission (CAC) in Abuja were brought to a standstill early morning monday as lawyers and other customers protested over alleged poor service by the organisation. The lawyers, along...

    • Posted September 17, 2014
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  • Oil workers begin nationwide strike as conciliatory meeting ends in deadlock

    Workers of the Nigerian National Petroleum Corporation (NNPC) monday resolved to commence a nationwide strike today following the failure to reach an agreement with the management of NNPC on a number of issues they are in disagreement...

    • Posted September 17, 2014
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  • Illicit financial flows cost Nigeria $140bn – Oteh

    The Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh has disclosed that Nigeria lost a total of $140 billion due to illicit financial flows between 2002 and 2011. Oteh made this revelation at...

    • Posted September 16, 2014
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  • SEC outlines plans to raise Capital Market contribution to GDP

    The Securities and Exchange Commission (SEC) has disclosed plans to raise the capital market contribution to gross domestic products (GDP) from its current level to be at par with markets in Brazil, Singapore and Malaysia. Director General...

    • Posted September 16, 2014
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  • Stakeholders to revive Kaduna textile mills

    All hope is not lost on the defunct textile industries in Kaduna as there are plans to revive the ailing factories. Our correspondent learnt on Friday that the moribund Kaduna Textiles Limited and Arewa Textiles Plc abandoned...

    • Posted September 16, 2014
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  • Insurance groups in search of growth strategy

    “Instead of being the primary consideration in the order of priority, insurance is usually consigned to the rung of priority by many Nigerians. This has definitely led to unnecessary misery by the people in the event of...

    • Posted September 16, 2014
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  • Niger Delta will continue to push for increased derivation – Uduaghan

    Delta State Governor, Dr. Emmanuel Uduaghan, at the weekend declared that the people of the Niger Delta would remain undaunted in their quest for increased derivation from the Federation Account. Uduaghan observed that the people of the...

    • Posted September 16, 2014
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  • Dawha to concentrate efforts on three-point agenda at NNPC

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha, has said that he is going to channel efforts and resources available to him in achieving three key programmes while he lasts at...

    • Posted September 16, 2014
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  • Nigeria concludes two-year strategy to raise trade with Asia to $80bn

    The federal government yesterday concluded an elaborate plan targeted at boosting trade between Nigeria and countries in Asia by 100 per cent in the next 24 months. The fresh Nigeria-Asia trade strategy was fine tuned last weekend...

    • Posted September 16, 2014
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  • FG restates commitment to broadband infrastructure development

    The Minister of Communications Technology, Dr. Omobola Johnson has reinstated federal government’s commitment to build ubiquitous broadband infrastructure that will facilitate innovation and entrepreneurship in the country. She made the pledge at a panel discussion on “Policies...

    • Posted September 15, 2014
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