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  • Allison-Madueke loses bid for OPEC job

    The Organisation of Petroleum Exporting Countries on Wednesday agreed to keep its current Secretary-General, Libyan Abdullah al-Badri, thus not confirming the nomination of President Goodluck Jonathan for the influential position. Jonathan had nominated the Minister of Petroleum...

    • Posted June 13, 2014
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  • MainOne enhances metro fibre connectivity in Lagos

    MainOne has hosted business concerns in Lagos to a breakfast forum aimed at showcasing its metro fiber connectivity solutions for increased productivity and improved business profitability. The session tagged “Powering business with Reliable connectivity: The MainOne Advantage”,...

    • Posted June 13, 2014
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  • FG’s revenue hits N922billion in April

    Federally collected revenue stood at N922.08 billion as at April 2014, a report has shown. The amount exceeded the receipts in the preceding month and the corresponding period of 2013 by 5.3 and 17.2 per cent, respectively....

    • Posted June 12, 2014
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  • Banks urged to remit proceeds of agric loan repayment

    Deposit Money Banks (DMBs) participating in the Commercial Agricultural Credit Scheme (CACS) have been advised to commence the repatriation of proceeds of the loan repayment on quarterly basis with effect from July 1, 2014. They are to...

    • Posted June 12, 2014
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  • IFC, First Bank sign mobile finance agreement

    International Finance Corporation, a member of the World Bank Group, says it has signed an advisory services agreement with Firstmonie, a subsidiary of First Bank Nigeria Limited, to expand mobile financial services and agent banking in the...

    • Posted June 12, 2014
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  • Banks ready for nationwide cashless policy rollout – Mbagwu

    The Executive Director, Lagos and South-west Directorate, Fidelity Bank Plc, Mr. IK Mbagwu spoke about mobile money and how it will significantly support the cashless policy. He spoke to Obinna Chima In less than one month, the...

    • Posted June 12, 2014
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  • PenCom to channel more pension funds to corporate bonds

    The National Pension Commission (PenCom) said it plan to amend investment rules to channel more of Nigeria’s $26 billion (N4.3 trillion) pension funds into corporate bonds. The Director General of PenCom, Chinelo Anohu-Amazu disclosed this in an...

    • Posted June 12, 2014
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  • World Bank urges Nigeria, others to increase reforms

    Developing countries are headed for a year of disappointing growth as the first quarter weakness in 2014 has delayed an expected pickup in economic activity, according to the World Bank’s Global Economic Prospects report, released on Tuesday....

    • Posted June 12, 2014
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  • Experts condemn unhealthy rivalry among cement manufacturers

    Experts in the construction industry have expressed concern over what they described as “unhealthy rivalry” among cement manufacturers in the country, saying this has resulted in the high cost of the product. While calling on the government...

    • Posted June 12, 2014
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  • LCCI introduces measures to make Lagos fair successful

    The organisers of the annual Lagos International Trade Fair, the Lagos Chamber of Commerce and Industry, have given assurances that the 2014 edition of the fair will be hitch-free, because of some of the measures that have...

    • Posted June 12, 2014
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  • FG, labour disagree over electricity tariff increase

    Officials of the Federal Government and the organised labour on Tuesday in Abuja engaged in a heated argument over the recent increase in electricity tariff. The Federal Government had last month announced a review in the tariff...

    • Posted June 12, 2014
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  • Bresson Energy, Aggreko sign 250mw pact

    Pioneer Independent Power Producer, Bresson AS Nigeria Limited, has signed a 250mw power generation agreement with Emergency Power Conglomerate (Aggreko) to bolster power supply in the country. The agreement expected to span nine months is integral to...

    • Posted June 12, 2014
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  • NSE index rises 0.19% as GTBank leads gainers

    Trading at the Nigerian equities market was positive yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.19 per cent to close at 41,608.50. Similarly, market capitalisation added N27 billion to close higher at N13.712...

    • Posted June 11, 2014
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  • FG committed to 25-year railway strategic plan – Jonathan

    The federal government yesterday reinstated its commitment to the 25-year strategic plan for the railway transport subsector as a key component of the administration’s transformation agenda. It noted that the strategic railway plan, which includes the rehabilitation...

    • Posted June 11, 2014
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