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  • FG to retake computation of GDP in seven pilot states

    The Federal Government will retake the computation of States’ Gross Domestic Product (SGDP) conducted in seven pilot states to assess their contributions to National GDP, Secretary to the National Planning Commission (NPC), Mr. Ntufam Fidelis Ugbo, has...

    • Posted April 28, 2014
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  • IPMAN accuses black marketers of economic sabotage

    Black market operators and hoarders of petroleum products have been warned by the eastern zone of the Independent Petroleum Marketers Association of Nigeria to desist from the nefarious acts in and outside depots or risk  prosecution....

    • Posted April 28, 2014
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  • MTN Group’s subscriber base now 210.1 million

    MTN Group now connects 210.1 million people in 22 countries across Africa and the Middle East. From a single licence in South Africa awarded in 1994, MTN said in a statement on Thursday that it had invested...

    • Posted April 28, 2014
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  • How we emerged Africa’s foremost telecoms regulator – NCC

    The Nigerian Communications Commission (NCC) on Sunday said that its five-point strategic agenda was  essential in its recognition as the foremost telecoms regulator in Africa. The Public Affairs Director of NCC, Mr Tony Ojobo, said in Lagos that...

    • Posted April 28, 2014
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  • First built in Nigeria Nissan Patrol rolls off production line

    Nissan has become the first major manufacturer to build a car in Nigeria in response to the Federal Government’s new  Automotive Policy. According to a statement from Stallion Motors, Nissan representatives in Nigeria, the inaugural vehicle, a...

    • Posted April 28, 2014
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  • 2015: Politicians sell shares to raise funds

    Indications have emerged that political activities ahead of the 2015 general elections are beginning to affect the capital market performance. Experts in the Nigerian Stock Exchange, who spoke to SUNDAY PUNCH on Thursday, said some politicians that are key...

    • Posted April 28, 2014
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  • Dead workers’ relatives get N40bn pension claims

    No fewer than 14,860 relatives of deceased workers have demanded for N40.9bn benefits since the inception of the Contributory Pension Scheme, records available atthe National Pension Commission have shown. Statistics gleaned from a document prepared by PenCom...

    • Posted April 28, 2014
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  • We take the biggest risk in power industry — GE boss

    The President and Chief Executive Officer, GE Nigeria, an Original Equipment Manufacturer investing $1bn in Nigeria over a four-year period, Dr. Lazarus Angbazo, says huge repair works are needed in the country’s power plants to unlock generation...

    • Posted April 28, 2014
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  • Power will increase Nigeria’s growth rate – Minister

    Efficient power supply can increase Nigeria’s growth rate to double digits, the Minister of Power, Prof. Chinedu Nebo, has said.   According to him, Nigeria may emerge as one of the top economies of the world if...

    • Posted April 28, 2014
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  • Legal issues dominate ports regulation agenda

    Experts drawn from the legal profession and industry chieftains gathered at a stakeholders’ forum recently, where they identified the urgent need for legislative empowerment and other issues to be addressed to aid the success of the Nigerian...

    • Posted April 28, 2014
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  • 70% of bank ATMs exposed to fraud – Microsoft

    Over 70 per cent of Automated Teller Machines owned and operated by banks in the country, which are currently running on the Windows XP operating system, are exposed to frauds as Microsoft has foreclosed the extension of...

    • Posted April 27, 2014
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  • Bayelsa community threatens Shell

    Indigenes of Letugbene community in Ekeremor, Bayelsa State,  have threatened to disrupt the operations of Shell Petroleum Development Company if the multinational oil firm fails to accord them ownership recognition of the Tunu Flow station. The community...

    • Posted April 27, 2014
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  • Currency in circulation rises to N1.574tn

    The total value of the currency in circulation in the Nigerian economy increased slightly to N1.574 trillion at the end of March, compared to the N1.558 trillion it was at the end of February, data obtained from...

    • Posted April 27, 2014
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  • IFRS: FRC may extend deadline for microfinance banks

    The Financial Reporting Council may extend the deadline for microfinance banks to adopt to the International Financial Reporting Standards, the News Agency of Nigeria reports. A senior official of the council, who preferred anonymity, made this known to NAN on Thursday...

    • Posted April 27, 2014
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