Don't Miss


Latest News

  • World Bank’s extreme poor rating of Nigeria a challenge to government – Expert

    An economist, Prof. Olu Ajakaiye, says the recent Word Bank’s extreme poor rating of Nigeria is a challenge to government to step up its economic empowerment programmmes. Ajakaiye, who is the President of the Nigeria Economic Society...

    • Posted April 7, 2014
    • 0
  • FG identifies 1,200 abandoned mining sites

    The Federal Government today said that it had identified 1,200 abandoned mining sites across the country. Mr Salim Adegboyega, the Acting Director of Mines Environmental and Compliance Department in the Ministry of Mines and Steel Development, disclosed...

    • Posted April 7, 2014
    • 0
  • Banks’ total liquid assets drop to N6,614.8bn

    As the 2013 full financial results of the nation’s deposit money banks continued to trickle in last week, the Central Bank of Nigeria has disclosed that the total specified liquid assets of Nigerian banks stood at N6,614.8...

    • Posted April 7, 2014
    • 0
  • Investors count losses in Q1 as share prices depreciate

    A number of factors ‘conspired’ to depress share prices on the Nigerian Stock Exchange in the first quarter of the year as investors count their losses while analysts warn that the trend may continue in the wake...

    • Posted April 7, 2014
    • 0
  • NNPC, Addax Petroleum float N37m micro-credit scheme for 868 women

    With the clear realisation that mirco-credit is a crucial element towards the development and improvement of quality of life, Addax Petroleum Nigeria Limited as a company has put in place a micro-credit scheme designed to provide seed...

    • Posted April 7, 2014
    • 0
  • Nigeria-Belgium trade volume worth €300m – Ambassador

    Nigerian Ambassador to Belgium,  Felix Awanbor,  Saturday  said  the trade volume between Nigeria and Belgium was worth €300 million. The ambassador made the disclosure when he spoke  to journalists at the just-concluded Fourth European Union-Africa Summit in...

    • Posted April 7, 2014
    • 0
  • FG not supporting insurance sector — NIA

    The Nigerian Insurers Association has frowned on attempts by other institutions in the financial sector as well as government agencies to take over businesses that should have been done by underwriters. The Chairman, NIA, Mr. Remi Olowude,...

    • Posted April 7, 2014
    • 0
  • NAICOM considers 10 firms for micro-insurance licence

    Facts have emerged that 10 insurance firms are currently jostling for micro insurance licences following the release of guidelines by the National Insurance Commission for micro insurance business. This development was confirmed by the Deputy Director Authorisation...

    • Posted April 7, 2014
    • 0
  • Nigeria overtakes South Africa as Africa’s largest economy

    Nigeria recorded 89.22 per cent growth in Gross Domestic Product (GDP) in 2013, making it the largest economy in Africa and 26th in the world. The position was previously occupied by South Africa. Dr Ngozi Okonjo-Iweala, the...

    • Posted April 6, 2014
    • 1
  • May & Baker’s gross profit up by 9.2%

    May & Baker Nigeria Plc has reported a 9.2 per cent rise in its gross profit for the year ended December 31, 2013. Its results released to the Nigerian Stock Exchange showed that gross profit which stood...

    • Posted April 6, 2014
    • 0
  • NCC blames poor telco services on multiple taxation

    The Nigerian Communications Commission has attributed the problem of poor quality of telecommunication services to multiple taxation and regulations by governments at all levels. Speaking at the commission’s special day at the 25th Enugu International Trade Fair...

    • Posted April 6, 2014
    • 0
  • Airport infrastructure still below global standards

    When former Minister of Aviation, Ms. Stella Oduah began the reconstruction of the nation’s airports, there were sighs of relief that these facilities would be brought to global standard. Regrettably, the gains are being reversed by an...

    • Posted April 6, 2014
    • 0
  • NUPENG urges Nigerians to disregard IPMAN strike threat

    The National Union of Petroleum and Natural Gas (NUPENG) has urged Nigerians to disregard the threat of strike issued by the former President of Independent Petroleum Marketers Association of Nigeria (IPMAN),Mr. Aminu Abdulkadir, as he does not...

    • Posted April 6, 2014
    • 0
  • Ford, Coscharis inaugurate part dealer network

    Ford has taken a step aimed at keeping its vehicles running efficiently on Nigerian roads with the inauguration of    Certified Parts Wholesale Dealer Network. The event held in Lagos courtesy of the Coscharis Motors, is expected to...

    • Posted April 6, 2014
    • 0