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  • Insurers reduce cover in troubled states

    Underwriting firms are gradually reducing insurance cover in the states in the North where scores of people die and valuable property is lost almost daily as a result of Boko Haram insurgency, investigation has revealed. Despite the...

    • Posted July 3, 2014
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  • African countries record 20% improvement in quality performance

    The overall quality of government policies and institutions that broadly support growth and reduce poverty in African countries remained steady in 2013, whereas progress was made in a number of former conflict affected countries, according to a...

    • Posted July 3, 2014
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  • NEITI recovers more N64bn from Mobil, Total, others

    The Nigeria Extractive Transparency Initiative (NEITI) has disclosed that it has recovered an additional revenue to tune of N64,401,841,370.40 billion which is approximately over $392 million that is owed to Nigeria from some oil and gas companies...

    • Posted July 2, 2014
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  • FG, Chinese investors pledge $5billion on steel sector

    The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Ambassador Abdulkadir Musa, has commended PAN Steel Corporation of China for taking advantage of Nigeria Industrial Revolution Plan (NIRP) to invest $5 billion new steel plant in...

    • Posted July 2, 2014
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  • Discos to invest N55.69bn this year – BPE

    Electricity distribution companies are to invest a total of N55.69bn ($357.66m) this year, the Bureau of Public Enterprises has said. The bureau, in a document obtained by our correspondent in Abuja on Monday, stated that the amount...

    • Posted July 2, 2014
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  • NCC declares NITEL, Starcomms, others inactive

    The Nigerian Communications Commission (NCC) has declared the Nigerian Telecommunications Limited (NITEL), the country’s pioneer telecoms operator, and 13 other telecoms companies as “inactive operators.” According to Technology Times, NCC’s declaration of NITEL and its mobile business...

    • Posted July 2, 2014
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  • Mixed reactions trail FG’s release of N200bn capital vote

    A cross section of Nigerians yesterday urged the federal government to re-examine its management of the economy, especially the application of national capital votes. The mixed reactions followed the federal government’s recent release of the N200 billion...

    • Posted July 2, 2014
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  • FG to issue $300m Diaspora bond

    The Federal Government is planning to issue a bond of $100m-$300m aimed at the country’s Diaspora by the end of the year, the Director-General, Debt Management Office, Dr. Abraham Nwankwo, has said. “We are still working on...

    • Posted July 2, 2014
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  • NCC destroys N26.3m illegal broadcast equipment in Enugu

    The Nigerian Copyright Commission has destroyed illegal broadcast equipment valued at N26.3m during an anti-piracy operation in Enugu. Most of the items destroyed, including cable wires and boosters, were used for illegal distribution of DSTV contents and...

    • Posted July 2, 2014
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  • NPA links 14% increase in cargo to e-payment

    The Managing Director of the Nigeria Ports Authority, Mallam Habib Abdullahi, has attributed the 14 per cent increase in cargo throughput recorded in the first quarter of 2014 to the implementation of E-payment and other port reforms....

    • Posted July 2, 2014
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  • Senate moves against N35m BDC capital base

    The Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, on Monday described as unfair the N35m minimum capital base imposed on Bureau de Change operators. Makarfi, who addressed journalists in Abuja, however, said both chambers of the...

    • Posted July 2, 2014
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  • 12 barrels of crude lost in Qua Iboe incident – Mobil

    Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC/MPN) joint venture, has stated that only 12 barrels of oil was released during the incident at its Qua Iboe Terminal (QIT) in Ibeno Local...

    • Posted July 2, 2014
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  • Cashless policy goes nationwide today

    The cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee aimed at reducing the amount of cash in the system will be extended to 30 more states in the country from...

    • Posted July 1, 2014
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  • NSE: Monday transactions reopen on bullish trend

    Equity transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a bullish note with some blue chips sustaining price rally. The News Agency of Nigeria (NAN) reports that Nestle topped the gainers’...

    • Posted July 1, 2014
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