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  • We will demolish buildings close to power installations – TCN

    The Board of the Transmission Company of Nigeria has warned that it would demolish structures within close range to high-powered electricity installations across the country. It has also warned those erecting residential buildings around its electricity installations,...

    • Posted March 13, 2014
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  • Reps assure Nigerians on passage of PIB

    The House of Representatives assured Nigerians on Wednesday that it would pass the controversial Petroleum Industry Bill into law after the finishing touches have been made by its Ad-Hoc Committee on PIB. The Deputy Speaker of the...

    • Posted March 13, 2014
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  • Micro insurance: Mutual Benefits generates N1b monthly

    Group Managing Director of Mutual Benefits Assurance Plc, Mr. Akin Ogunbiyi, has said that the company generates a monthly income of N1 billion since July 2013 through microinsurance business. Ogunbiyi disclosed this while presenting a paper titled:...

    • Posted March 13, 2014
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  • NCC confirms payment of N3.63bn bid price for 2.3GHZ spectrum licence by Bittflux

    The Nigerian Communications Commission (NCC) has confirmed that Bitflux, winner of 2.3GHZ spectrum licence, has paid the N3.63 billion ($23.25 million) bid price for the licence. Mr Tony Ojobo, NCC Director, Communications and Public Affairs, confirmed the...

    • Posted March 12, 2014
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  • Fuel scarcity: NLC warns against imminent halt to national economy

    The Nigerian Labour Congress (NLC) yesterday warned that the Nigerian economy would soon grind to a halt if the ongoing scarcity of petrol was not immediately addressed. NLC said in a statement that was signed by its...

    • Posted March 12, 2014
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  • We generated N9.8tn in two years – FIRS

    he Federal Inland Revenue Service told the House of Representatives on Monday that it generated N9.8tn in revenue between 2012 and 2013. At a meeting with the House Committee on Finance in Abuja, the acting Executive Chairman,...

    • Posted March 12, 2014
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  • Dangote becomes first manufacturer of 52.5 cement grade in Africa

    To further arrest the problem of building collapse and other construction failures allegedly caused by the preponderance of lower grade (32.5) of cement in the market, Dangote Cement yesterday announced the completion of the calibration of its...

    • Posted March 12, 2014
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  • FG mulls taxes for GSM phone callers, air passengers, health goods to fund health insurance

    In a more strategic move to ensure universal health coverage for all Nigerians, the federal government is mulling plans to ensure that GSM phone users are taxed, including air passengers and goods and services harmful to the...

    • Posted March 12, 2014
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  • Broadband: Government to offer financial incentives to investors

    The Federal Government will offer financial incentives to foreign and local investors that help it to realise its vision of increasing broadband penetration fivefold by 2017. The Executive Vice Chairman, Nigerian Communications Commission, Dr. Eugene Juwah, said...

    • Posted March 12, 2014
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  • CPC inaugurates document on telecoms consumer rights protection

    In a bid to improve consumer education and protect the rights of subscribers from certain exploitative activities of telecommunications operators across the country, the Consumer Protection Council has inaugurated the Compendium of the Rights of Telecommunications Subscribers...

    • Posted March 12, 2014
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  • FG denies banning fish importation

    The Federal Government on Monday denied that it had completely banned the importation of fish as being speculated. The Minister of Agriculture, Dr. Akinwumi Adesina, made the clarification in Abuja during a 2014 budget defence session with...

    • Posted March 12, 2014
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  • Minister seeks expansion of software industry

    The Minister of Communication Technology, Mrs. Omobola Johnson, has said the success of software entrepreneurs in the country will lead to the development of the Information and Communications Technology industry and the economy at large. She said...

    • Posted March 12, 2014
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  • New capital requirement: “We will not succumb to blackmail” – SEC

    The Securities and Exchange Commission (SEC) on Tuesday said it would not succumb to stockbrokers’ blackmail on the new capital requirements for capital market operators. An authoritative source in SEC, who pleaded anonymity, told a reporter in...

    • Posted March 12, 2014
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  • Zenith Bank posts N95.32bn profit, declares N1.75 dividend

    Zenith Bank has posted a profit after tax of N95.32 billion for the financial year ended Dec. 31, 2013. The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos...

    • Posted March 11, 2014
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