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  • Modular refineries will address perennial shortage of petroleum products – Igwe

    Prof Godwin Igwe is the Director, Centre for Gas, Refining and Petrochemicals, Institute of Petroleum Studies, University of Port Harcourt. In this interview Chika Amanze-Nwachuku, he posited that setting up modular refineries at strategic demand locations in...

    • Posted September 8, 2014
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  • FG laments lack of standards in housing sector

    The federal government has said it decided to initiate reforms in housing sector to ensure proper regulation and institute standards, which is currently lacking in the sector. The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin...

    • Posted September 7, 2014
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  • Akwa Ibom gets licence for Ibaka Deep Seaport

    The Akwa Ibom State Government has got a licence for the construction of its deep seaport situated at Ibaka, Mbo Local Government Area, the state governor, Chief Godswill Akpabio has said. Besides the terminal for containers and...

    • Posted September 7, 2014
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  • We must ensure the economy works for all Nigerians – Jonathan

    President Goodluck Jonathan has said it has become imperative for the federal government to ensure that the nation’s economy works for all Nigerians. Jonathan said this yesterday, while speaking at the inauguration of the National Council on...

    • Posted September 7, 2014
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  • Emirates, Arik Air sign MoU for business expansion

    Emirates, a global connector of people and places, and Arik Air, West Africa’s leading airline, have signed a Memorandum of Understanding (MoU) to develop and expand their existing commercial relationship and explore further areas of co-operation. The...

    • Posted September 6, 2014
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  • Qatari bank acquires 12.5% stake in Ecobank

    Qatar National Bank on Thursday said it had acquired acquired 1,767,612,630 ordinary shares and 732,277,056 preference shares in the capital of Ecobank Transnational Incorporated. According to the bank, this amounts to 12.5 per cent stake in ETI....

    • Posted September 6, 2014
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  • Equities extend losses in broad sell-off

    Equities on the Nigerian Stock Exchange on Thursday declined for the fourth day this week following a broad-based sell-off by investors that dragged the NSE All Share Index down by 0.46 per cent. Specifically, the NSE ASI...

    • Posted September 6, 2014
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  • $350,000 mobile money activation project begins

    eTranzact has announced the investment of $350,000 in a mobile money activation project in collaboration with EFInA, a financial sector development organisation. The company told our correspondent on Tuesday that the project was in line with the...

    • Posted September 6, 2014
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  • NCAA to withdraw airlines’ licences over unpaid salaries

    The Nigerian Civil Aviation Authority is set to clamp down on airline operators that default in the payment of the salaries of their workers. The regulator, in a statement on Wednesday, frowned on the situation where the...

    • Posted September 6, 2014
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  • Access Bank meets investors over possible rights issue

    Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights issue of 60-70 billion naira ($369-$431 million) by the fourth quarter, a fund manager and a banking source...

    • Posted September 5, 2014
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  • Dollar sales to boost naira next week

    The naira is seen range-bound next week, supported by dollar sales by the Nigerian National Petroleum Corporation and offshore investor flows into the local debt market. The local currency has drifted in the N161.70-N162.55band since last week,...

    • Posted September 5, 2014
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  • Dangote Cement pledges adequate returns to stakeholders

    Dangote Cement Plc yesterday reaffirmed its commitment to ensure that stakeholders’ returns are consistent and adequate. Group Managing Director, Dangote Cement plc, Devakumar Edwin gave the assurance while presenting the company’s “Facts Behind the Figures” to traders...

    • Posted September 5, 2014
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  • 95% of blocks not moulded to specifications – SON

    The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, on Thursday said only five per cent of concrete blocks sold in the market were moulded according to specifications. Odumodu said this in Abuja at a national stakeholders’...

    • Posted September 5, 2014
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  • SMEs lack access to finance – FG

    The Federal Government on Thursday admitted that a majority of the Small and Medium-scale Enterprises in the country were not getting financial support. The Minister of Trade and Investment, Mr. Olusegun Aganga, who spoke in Abuja, said...

    • Posted September 5, 2014
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