Don't Miss


Latest News

  • Fares for foreign flights crash by 80%

    Airfares on major international routes from Nigeria have recorded a sharp drop by as much as 80 per cent in recent weeks due to reduced trips by travellers in what is generally regarded in the aviation industry...

    • Posted February 7, 2014
    • 0
  • Union tasked on Ladipo auto parts market

    The leadership of Aguiyi Ironsi International Market in Lagos State, popularly known as Ladipo Auto spare Market have been called upon to promote discipline and orderliness in the  market. The Chairman of Mushin Local Government Area of...

    • Posted February 7, 2014
    • 0
  • Power sector needs fresh $50bn investment – Aganga

    A further $50 billion investment is expected to go into the Nigeria’s power sector in the next few years following successful completion of privatisation of the sector, says Dr. Olusegun Aganga, Minister of Industry, Trade and Investment....

    • Posted February 7, 2014
    • 2
  • We won’t review number portability –NCC

    Contrary to the wish of some stakeholders, the Nigerian Communications Commission is not convinced about the need to review the existing framework of the Mobile Number Portability scheme. Interconnect Clearinghouse Nigeria Limited, the firm in charge of...

    • Posted February 7, 2014
    • 0
  • IPMAN to sustain kerosene distribution

    The Independent Petroleum Marketers Association says it will sustain the Kero-Direct scheme in order to ensure that the masses benefit from it. IPMAN National President, Alhaji Aminu Abdulkadri, in a statement on Wednesday, said the Minister of...

    • Posted February 7, 2014
    • 0
  • PIB will be passed soon – Reps

    The House of Representatives’ Committee on Petroleum Resources (Downstream oil sector) says the Petroleum Industry Bill will be passed soon by the National Assembly. The Chairman of the committee, Mr. Peterside Dakuku, said that the bill had...

    • Posted February 7, 2014
    • 0
  • Reps commend PPPRA for N409bn subsidy savings

    The House of Representatives has commended the Petroleum Products Pricing Regulatory Agency for being able to save N409bn subsidy claims in 2012. The Chairman, House Committee on Petroleum Resources (Downstream oil sector), Mr. Dakuku Peterside, said the...

    • Posted February 7, 2014
    • 0
  • Foreign direct investment drops by 41%

    Foreign direct investment inflows into the country dropped from $1.46bn in the second quarter to $0.86bn in the third quarter of last year, according to the External Sector Development third quarter report released by the Central Bank...

    • Posted February 6, 2014
    • 0
  • TCN expands transmission capacity to 7,000MW

    The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of...

    • Posted February 6, 2014
    • 0
  • NCP to protest against extortion of electricity consumers

    Dr Tanko Yunusa, National Chairman, National Conscience Party (NCP), on Wednesday said that the party would hold a protest on Feb. 7 on the issuance of “crazy bills’’ to some electricity consumers in the country. Yunusa made...

    • Posted February 6, 2014
    • 0
  • Government, USAID seal pact on agric export expansion

    The Federal Government on Tuesday signed a Memorandum of Understanding with the United States Agency for International Development to expand the exportation of agricultural products by 30 per cent within the next three years. The Executive Director/Chief...

    • Posted February 6, 2014
    • 0
  • FG to double GDP share for manufacturing sector

    The Federal Government is planning to more than double the contribution of the manufacturing sector to its economy in the next three years through policy stimulus and investments, the Minister of Industry, Trade and Investment, Mr. Olusegun...

    • Posted February 6, 2014
    • 0
  • Generator dealers will soon run out of business – FG

    The Federal Government on Tuesday said generator dealers cashing in on the nation’s current power supply challenges, would be out of business in a couple of months. According to the government, the gas supply constraint that has...

    • Posted February 6, 2014
    • 0
  • External reserves fall by $1.8bn

    The nation’s external reserves have fallen by $1.8bn within a period of eight weeks, according to the latest statistics from the Central Bank of Nigeria. The CBN had said that depletion in the foreign reserves and Excess...

    • Posted February 6, 2014
    • 0