Don't Miss


Latest News

  • FG earmarks $2.9tr for infrastructure

    The Federal Government has developed a 30 year Infrastructure Master Plan with a projected investment outlay of $2.9 trillion. The Supervising Minister of National Planning Ambassador Bashir Yuguda disclosed this at the ongoing 7th Joint Annual Meetings...

    • Posted April 3, 2014
    • 1
  • Power supply worsened in March – Survey

    Power supply across the federation worsened in the month of March, a survey released on Tuesday by NOIPolls, a notable indigenous survey organisation, revealed. This is coming as private investors in the country’s power assets attributed their...

    • Posted April 3, 2014
    • 0
  • Financial market dealers seek unification of Forex rates

    Financial markets dealers have called for the unification of the exchange rate markets. They argued that a situation where there are different forex rates in the country also contributes to the perennial volatility in the forex market....

    • Posted April 3, 2014
    • 0
  • FGN bonds: DMO to raise $1.70bn in Q2 2014

    The Debt Management Office (DMO) has concluded arrangements to raise between N200 billion ($1.21billion) and N280 billion ($1.70billion) from the sale of FGN bonds in Q2 2014, its provisional calendar has revealed. Analysis of the calendar for...

    • Posted April 3, 2014
    • 0
  • BPE opens negotiation with labour on refineries’ sale

    The Federal Government has opened negotiation with the organised labour on the proposed privatisation of the nation’s four refineries. The Head, Public Communications, Bureau of Public Enterprises, Mr. Chigbo Anichebe, confirmed this in a telephone interview with...

    • Posted April 3, 2014
    • 0
  • Tariff increase: NCC to sanction telecoms firms

    The Nigerian Communications Commission has warned that severe sanctions await service providers that indulge in illegal increase of tariffs for mobile telephone users across the country. The Executive Commissioner, Stakeholders Management, NCC, Mr. Okechukwu Itanyi, who stated...

    • Posted April 3, 2014
    • 0
  • FG may ban tax defaulters from travelling abroad

    The Federal Government has said it is working on an arrangement where the presentation of the Tax Clearance Certificate will be made a compulsory requirement for Nigerians who intend to make overseas travels. The Acting Executive Chairman,...

    • Posted April 3, 2014
    • 0
  • CBN Governor-designate assures Nigerians of vibrant policies

    The Central Bank of Nigeria Governor-designate, Mr Godwin Emefiele, on Wednesday assured Nigerians that the bank would pursue vibrant policies to ensure sustainable economic growth. Emefiele, who said this at the 23rd Annual General Meeting of Zenith...

    • Posted April 3, 2014
    • 0
  • Nigerian Bourse attracts N281bn investment in Q1

    Nigerian equities has attracted N281.602 billion invested in 29.297 billion shares traded in 326,334 deals in the first quarter of the year, according statistics  obtained by THISDAY. The statistics showed that investors made the highest investment of...

    • Posted April 3, 2014
    • 0
  • 2 Nigerians, 3 others win $25,000 in Google’s ‘Africa Connected’ competition

    Google Wednesday announced the five winners of the Africa Connected competition at an event  held in Nairobi, Kenya. The winners will bag $25,000 each, and will also have the opportunity to work with a Google sponsor over...

    • Posted April 3, 2014
    • 0
  • NSE All-Share Index up by 86.28 points

    Equity transactions on the Nigerian Stock Exchange (NSE) ended on Wednesday on the upbeat note with the All-Share Index improving by 86.28 points. The News Agency of Nigeria (NAN) reports that Index rose by 0.22 per cent...

    • Posted April 2, 2014
    • 0
  • Crisis rocks Lagos Internal Revenue Service

    The Lagos Internal Revenue Service, LIRS, is currently embroiled in crisis as staffs of the agency are calling on Governor Babatunde Fashola to remove the Chairman of the organization, Tunde Fowler. Fowler was said to have resigned...

    • Posted April 2, 2014
    • 1
  • Ikeja Disco to inject N600m for improved power supply

    In a move to ensure customers’ satisfaction, the Ikeja Electricity Distribution Company (IKEDC) has pledged to inject about N600 million to improve electricity supply through ongoing projects within its network. The Managing Director and Chief Executive Officer...

    • Posted April 2, 2014
    • 0
  • Oando, Conoco Phillips deal: DPR accuses parties of using arm-twisting tactics

    The Department of Petroleum Resources (DPR) Monday faulted the alleged claims by indigenous oil and gas firm, Oando Plc, that its planned acquisition of the business interests of the United States firm, ConocoPhillips (COP), was being threatened...

    • Posted April 2, 2014
    • 0