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  • APR diversifies to increase profit

    Africa Prudential Registrars Plc has said that it is making concerted effort to increase its profitability in the coming years. The Managing Director/Chief Executive Officer of the firm, Mr. Peter Asade, stated this on Thursday at the...

    • Posted April 6, 2014
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  • Power Projects: FG gives contractors 60-day ultimatum

    The Federal Government on Friday issued 60 days ultimatum to contractors handling power distribution projects to complete their contracts or be sanctioned. Vice President Namadi Sambo gave the ultimatum at a meeting with the transmission and distribution...

    • Posted April 6, 2014
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  • Bill to revive railways passes second reading

    The Senate on Thursday passed for the second reading, a bill to reposition the Nigerian railway system as a key driver in the transport sector with capacity to create 60,000 jobs. The bill is entitled, ‘An Act...

    • Posted April 6, 2014
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  • Telecoms: Substandard equipment worsens service quality

    The poor quality of services being offered by telecoms firms in the country is not likely to improve anytime soon due to the proliferation of substandard equipment the service providers are using. Investigations by our correspondent revealed...

    • Posted April 6, 2014
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  • 9th Lagos Motor Fair holds in May

    The 9th Lagos Motor Fair/ 3rd Auto parts Expo will feature both foreign and indigenous companies, its organisers have said. Expected at the show are all the big names in the lubricant sector, which the organisers said...

    • Posted April 6, 2014
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  • NSE indices grow by 0.43% in spite of high volume of transactions

    The market indicators of the Nigerian Stock Exchange (NSE) on Friday appreciated marginally, in spite of the high volume of traded shares. The News Agency of Nigeria (NAN) reports that the Market Capitalisation rose by N53 billion...

    • Posted April 5, 2014
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  • Okonjo-Iweala clarifies World Bank’s poverty rating on Nigeria

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the World Bank’s, “extreme poor nation’’ rating of Nigeria was based on the large number of poor people living in the country. Okonjo-Iweala...

    • Posted April 5, 2014
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  • FG hinges economic growth on Agric Sector Development

    The Federal Government has restated its commitment to the development of the agricultural sector. According to the Minister of Agriculture, Mr. Akinwumi Adesina, the agric sector has the capacity to stimulate the country’s growth. Adesina who was...

    • Posted April 5, 2014
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  • FG satisfied with $1bn Eurobond utilisation – Sambo

    The Federal Government on Thursday expressed satisfaction over what it called the effective utilisation of the proceeds of the country’s $1bn Eurobond flotation by the Debt Management Office. Vice President Namadi Sambo stated the government’s position while...

    • Posted April 5, 2014
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  • Piracy capable of crippling economy – NIMASA

    To attain economic growth and development of the nation’s maritime sector, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Ziakede Patrick Akpobolokemi, has reiterated the need to ensure safety on our waterways....

    • Posted April 5, 2014
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  • Lekki Deep Seaport to handle bigger ships, create jobs – Umar

    The Lekki deep seaport will not only handle bigger ships calling in the Nigerian ports but also create employment opportunities for Nigerians, the Minister of Transport, Senator Idris Umar has said. The Federal Government had during the...

    • Posted April 5, 2014
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  • Kogi’s N5bn bond oversubscribed – Wada

    The Kogi State Governor, Capt. Idris Wada, has said that the N5bn the state government raised as the first tranche of its N20bn bond has been oversubscribed. Wada said this when he paid a courtesy visit to...

    • Posted April 5, 2014
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  • Imported rice: Nigeria loses N80bn to neighbouring countries

    Nigeria has lost over N80bn worth of rice cargo to the neighbouring countries in the last three months, due to the imposition of 110 per cent import duty on the commodity by the Federal Government. The Seaport...

    • Posted April 5, 2014
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  • North West Power Consortium takes over Kaduna DISCO in August

    The Managing Director of Kaduna Electricity Distribution Company, Alhaji Mohammed Idris, on Friday said the company would be handed over to the new investors in August. Idris made the disclosure when he received the Senate Committee on...

    • Posted April 5, 2014
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