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  • National Assembly drums up support for implementation of NEITI reports

    The National Assembly has expressed its determination to ensure that findings in the annual oil and gas industry audit report of the Nigeria Extractive Industry Transparency Initiative (NEITI) are extensively implemented. The Chairman, Senate Committee on Public...

    • Posted May 28, 2014
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  • NSE Market Index appreciates by 0.77%

    Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday closed upbeat with the All-Share Index increasing by 0.77 per cent. The News Agency of Nigeria (NAN) reports that the Index grew by 305.77 points to close...

    • Posted May 27, 2014
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  • CBN Governor faults CNPP claim on N200bn fund to NEXIM

    The Central Bank of Nigeria, CBN, has denied allegations that it gave a N200 billion stabilisation fund to the Nigerian Export Import Bank, NEXIM. The Acting Governor of the CBN, Sarah Alade, said in Abuja that the...

    • Posted May 27, 2014
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  • FG partners US to boost export products

    The Federal Government has said it is partnering the United States Government to boost the export of Nigerian products to America, under the African Growth and Opportunity Act (AGOA). The Minister of Industry, Trade and Investment, Mr....

    • Posted May 27, 2014
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  • FG seals pact with China, Canada to increase FDI inflows

    The federal government has sealed two agreements that would help to facilitate investment cooperation as well as  fast-track the inflow of foreign direct investment (FDI) into the country. While one of the agreements was between Nigeria and...

    • Posted May 27, 2014
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  • NERC retains N750 fixed charge for electricity consumption

    Power consumers in the country will from June 1 this year pay N750 as fixed charge for electricity instead of N1,500 that should have been paid, the Nigerian Electricity Regulatory Commission has said. According to NERC, the...

    • Posted May 27, 2014
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  • Shareholders approve N3bn capital issue for May & Baker

    Shareholders of May & Baker Nigeria Plc have authorised the directors of the company to raise up to N3 billion in new equity fund. The Shareholders gave the nod at the healthcare company’s annual general meeting (AGM)...

    • Posted May 27, 2014
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  • Crisis brews in Ondo over ownership of Owena Oil and Gas

    The  alleged moves  by the Ondo State Government to transfer  oil assets of Owena Oil and Gas Ltd to another entity, Owena Energy Company Ltd,  is creating a lot of controversies between the state government and stakeholders...

    • Posted May 27, 2014
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  • Power generation drops by 431MW

    Power generation dropped to 3,674 megawatts on Saturday, May 24, 2014 from the peak of 4,105MW recorded last month, representing a 10.49 per cent drop. This information was contained in the Daily Operational Report of the Transmission...

    • Posted May 27, 2014
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  • Stakeholders refute claim of substandard cement

    The Chief Executive Officer, Lafarge Cement WAPCO Nigeria Plc, Mr. Joe Hudson, has said that there is no substandard cement in the country, contrary to the claim that the product is responsible for the increasing cases of...

    • Posted May 27, 2014
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  • Infrastructure Bank recovers 95% mass transit loans

    The Infrastructure Bank Plc has said it has recovered 95 per cent of the N10.5bn loans it granted under the first phase of the Public Mass Transit Revolving Fund. The Managing Director of the bank, Mr. Adekunle...

    • Posted May 27, 2014
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  • Insurers earn N28.68bn from CI

    The Commissioner for Insurance, Mr. Fola Daniel, said that the insurance industry earned N28.68bn from compulsory insurance products in 2012. “Considerable progress was equally recorded in the volume of premium written under this class of insurance during...

    • Posted May 27, 2014
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  • Senate demands explanation on N174bn aviation debt

    The Chairman, Senate Committee, on Aviation, Senator Hope Uzodinma, on Monday, demanded  full explanation on the huge debt profile  of N174bn   owed to contractors   by the Ministry of Aviation from the Supervisory Minister, Mr Samuel Ortom.. Apparently...

    • Posted May 27, 2014
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  • NSE moves 360.03m shares worth N6.52bn

    Investors on the Nigerian Stock Exchange (NSE) on Monday staked N6.52 billion on 360.03 million shares transacted in 4,816 deals. The News Agency of Nigeria (NAN) reports that the turnover increased by 81.81 per cent, compared to...

    • Posted May 26, 2014
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