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  • NPA moves to decongest roads within Lagos ports

    The Nigerian Ports Authority (NPA) on Monday descried the high number of abandoned broken down trucks within Lagos ports. The port management said that abandoned trucks were impeding the flow of traffic and prompt delivery of imported...

    • Posted February 10, 2014
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  • NNPC repairs damaged gas pipeline

    The Nigerian National Petroleum Corporation (NNPC) said it had repaired the sections of the sabotaged Escravos-Lagos Gas Pipeline Network (ELPS) leading to significant boost in electricity generation. This is contained in a statement issued in Abuja on...

    • Posted February 10, 2014
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  • Forex Utilisation at Sectoral Levels Drops to $14.64bn

    Amidst the growing anxiety over the dormancy of the nation’s foreign reserves, there are indications that the various sectors of the economy might have scaled down their foreign exchange demand, especially in the third quarter of last...

    • Posted February 10, 2014
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  • Samsung seeks government, stakeholder’s support in digital village project

    To deliver better education opportunities, greater medical access and improved economic life for people across Africa, Samsung Electronics is seeking the support of government and other stakeholders to deliver the potential of digital village project. With some...

    • Posted February 10, 2014
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  • Nigeria produces 420,000 metric tonnes of fish – CAFAN

    The Catfish Association of Nigeria (CAFAN) on Sunday said that Nigeria produced 420,000 metric tonnes of fish after aquaculture was included in the Growth Enhancement Support (GES) scheme. The National President of CAFAN, Chief Tayo Akingbolagun, told...

    • Posted February 10, 2014
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  • World Bank to disburse $159.5m for growth, employment

    The World Bank would disburse $159.5 million (about N25.679bn) on growth and employment project in Nigeria before the end of 2017. Notice of the disbursement is contained in a World Bank report titled “Fostering Transformational Development. The bank said the project...

    • Posted February 10, 2014
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  • FG to earn N2.7tn from oil blocks

    Proceeds from the sale of oil blocks in the country are expected to hit $16.5bn (N2.7tn) by December as the International Oil Companies continue to divest their stakes of shallow water assets. Already, Shell, Chevron, Total and...

    • Posted February 10, 2014
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  • Don’t allow Tinapa to die — Customs boss

    The Nigeria Customs Service has appealed to the relevant government agencies to ensure that the vision of the Tinapa Business Resort is not allowed to die. The Comptroller of the Cross River State Command of the NCS,...

    • Posted February 10, 2014
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  • 14 northern states to meet over oil exploration

    Gov. Babangida Aliyu of Niger would on Monday declare open the meeting of Association of Petroleum Inland Basin States of Northern Nigeria in Minna. This is contained in a statement signed by Danladi Ndayebo, Press Secretary to...

    • Posted February 10, 2014
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  • NCAA bars Aero from operating to PH Airforce Base

    For overbooking and leaving about 30 passengers who had met all the conditions to travel behind, the Nigerian Civil Aviation Authority (NCAA),  has stopped Aero Contractors from operating to the Nigerian Air Force base (NAF), in Port...

    • Posted February 9, 2014
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  • Lagos State Government shuts 8 firms over non-remittance of N66.7m tax

    The Lagos State Internal Revenue Service (LIRS), says it has sealed eight more companies for failing to remit N66.7 million personal income tax of their workers to the state government. Mrs Folasade Coker-Afolayan, Head of the Distrain...

    • Posted February 9, 2014
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  • $50m Technology City takes off in Osun

    West Africa’s biggest ICT and phone manufacturing company, RLG, has launched a $50 million Technology City in Ilesha, Osun State.] with which it intends to create over 10,000 jobs. Called the “RLG/Adulawo Technology City,” the facility will...

    • Posted February 9, 2014
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  • Lekki-Ikoyi Toll: Court delivers judgment on March 27

    A Federal High Court in Lagos has fixed March 27 to deliver judgment in a suit filed against the Lagos State Government over collection of toll on Lekki-Ikoyi bridge. Justice Saliu Saidu fixed the date after the...

    • Posted February 9, 2014
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  • FAAN tasks contractors on Jos Airport

    Not satisfied with the pace of remodelling work going on at the Yakubu Gowon Airport, Jos, Plateau State, the Federal Airport Authority of Nigeria (FAAN) has charged the contractors handling the job to double efforts and ensure...

    • Posted February 9, 2014
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