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  • WTO seeks transparency in Nigeria’s trade policies

    The World Trade Organisation has called on the Federal Government to ensure transparency and inclusiveness in the formulation and implementation process of the country’s trade policies. The Deputy Director-General, WTO, Ambassador Yonov Agah, stated this on Saturday,...

    • Posted February 4, 2014
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  • Subsidy on electricity not necessary – FG

    The Federal Government has said it is not right to continue to subsidise electricity consumption by the citizens. According to the government, the power sector has been characterised by a series of challenges that require huge financial...

    • Posted February 4, 2014
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  • Mainstreet, Keystone banks’ sale unlikely this year –AMCON

    The Asset Management Corporation of Nigeria has made a U-turn over its proposal to sell three rescued banks this year, saying it is not realistic to conclude all the deals in 2014. The rescued or bridge banks...

    • Posted February 4, 2014
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  • Access Bank unveils SME capacity development solutions

    Access Bank Plc has unveiled a series of capacity development initiatives for its contractors, saying the move represents an innovative partnership that seeks to provide strategic solutions to enhance their operational efficiency. A statement by the bank...

    • Posted February 4, 2014
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  • JTF releases two vessels suspected of illegal bunkering

    ) The Joint Task Force (JTF) operating in the Niger Delta region has freed two suspected vessels carrying diesel. The task force said that one of the vessels was carrying 282,000 litres of diesel worth N46.53 million....

    • Posted February 3, 2014
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  • South African tourism berths in Lagos

    South African Tourism and by extension South Africa underlined the importance placed on Nigerian tourists by opening their first marketing office on the African continent in Lagos. The rainbow nation’s Tourism Minister, Mr Marthinus van Schalkwyk, along...

    • Posted February 3, 2014
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  • Crisis looms in shipping sector as auto policy takes effect

    Freight forwarders who are protesting the new auto policy that takes effect this month have threatened industrial action against government, arguing that the regime of President Olusegun Obasanjo had in 1999 at a stakeholders’ meeting exercised caution...

    • Posted February 3, 2014
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  • House summons NNPC, 499 firms over N1.4tn waivers

    The House of Representatives Committee on Customs and Excise will soon commence investigations of the Nigeria National Petroleum Corporation (NNPC), Oando Plc and 498 companies allegedly granted waivers totalling N1.4 trillion by the federal government between 2009-2013....

    • Posted February 3, 2014
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  • NSE delisted six companies in 2013 — Report

    No fewer than six companies were among the entities and securities delisted from the Nigerian Stock Exchange in 2013; according to data obtained from the NSE. The companies were delisted in the space of eight months starting...

    • Posted February 3, 2014
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  • Crude oil revenue drops by N208bn

    The Federal Government earned the sum of N1tn from crude oil sales within three months, an investigation has shown. The N1tn net oil revenue that accrued to the Federation Account between July and September 2013 indicated a...

    • Posted February 3, 2014
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  • Group urges FG to revive ALSCON plant

    A coalition of groups from Ikot Abasi Federal Constituency in Akwa Ibom State has called on the Federal Government to resuscitate the Aluminium Smelter Company of Nigeria. The group alleged that since the plant was taken over...

    • Posted February 3, 2014
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  • Subsidising low-income power consumers inappropriate – FG

    The Federal Government has said it is not right to continue subsidising electricity consumption in Nigeria. According to the government, the power sector has been characterised by series of challenges that require huge financial investments to address...

    • Posted February 3, 2014
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  • FG will fast track connection of rural areas to national grid – Nebo

    The Minister of Power, Prof. Chinedu Nebo, said government would fast track the process of connecting Nigerians in the rural areas to the national grid. Nebo stated this while rounding off the 6th Power Summit/Civil Society Forum...

    • Posted February 2, 2014
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  • BPE, NERC to ensure power firms keep agreements

    The Bureau of Public Enterprises has said that it will collaborate with the Nigerian Electricity Regulatory Commission to ensure that the privatised electricity distribution and generation companies comply with the agreements they signed with the Federal Government....

    • Posted February 2, 2014
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