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  • Cassava farmers, processors task FG on N4.3bn cassava bread fund

    Nigeria is said to produce more cassava than any other country in the world.  It is the third most important source of calories in the tropics, after rice and maize. Millions of people depend on cassava in...

    • Posted January 19, 2014
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  • KEPCO to expand Egbin Power Station capacity to 1,350MW

    The new management of Korea Electric Power Corporation, a technical partner of the Egbin Power Station, Ikorodu, has promised to provide an additional generation plant to boost its capacity to 1,350 mega watts. The Managing Director of...

    • Posted January 19, 2014
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  • Nigerian airports not among Africa’s top 15 – Report

    Despite the various reforms being carried out in the country’s aviation sector, no Nigerian airport is listed among the top 15 in Africa. Statistics obtained from ‘The Traffic Monitor’ by Moodie on Wednesday showed that airports in...

    • Posted January 19, 2014
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  • Telecoms industry has bad public image – ALTON

    The Chairman, Association of Licensed Telecommunication Operators of Nigeria, Mr. Gbenga Adebayo, has said the country’s telecoms industry has a bad perception management in the outside world. He said the industry had continued to attract criticisms, which...

    • Posted January 19, 2014
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  • CBN disburses N39.6bn intervention fund for five projects

    The Central Bank of Nigeria has released N39.61bn for five projects under the Power and Airline Intervention Fund. While four power sector projects received N13.61bn of the money, only one airline got N26bn, the CBN stated in...

    • Posted January 19, 2014
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  • NSE awaits SEC’s approval on rules for operating Investor Protection Fund

    The Chief Executive Officer of  the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said  Investor Protection Fund (IPF) would commence as soon the Securities and  Exchange Commission (SEC) approves the rules . IPF was established to give...

    • Posted January 19, 2014
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  • NAFDAC raises the alarm over job racketeers

    The National Agency for Food and Drug Administration and Control on Friday raised the alarm over a fake recruitment syndicate, saying it had not commissioned any agency for such purposes. The Chairman, NAFDAC Governing Council, Prof. John...

    • Posted January 18, 2014
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  • Nigeria’s sugar imports drop to 800,000 tonnes – NSDC

    Nigeria’s raw sugar imports dropped to 800,000  tonnes from 1.4 million tonnes recorded in the first quarter of 2013, an official document states. The document was obtained from the National Sugar Development Council (NSDC) in Abuja on...

    • Posted January 18, 2014
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  • Naira appreciates against some foreign currencies

    The naira appreciated marginally against the dollar at the official and parallel markets on Friday. The naira was sold at N155.24 against the dollar at the official market against the N155.22 offered last week. It was exchanged...

    • Posted January 18, 2014
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  • CBN issues IT guidelines to banks

    The Central Bank of Nigeria has issued a blueprint for Information Technology standards and the governance framework to be adopted by all banks. The CBN said the development was based on the need to identify and adopt...

    • Posted January 18, 2014
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  • Bademosi resigns from Wema Bank

    A member of the Board of Wema Bank Plc, Mr. Opeyemi Bademosi, has resigned his appointment as a non-executive director of the bank. According to a statement from the bank to the Nigerian Stock Exchange, Bademosi’s resignation...

    • Posted January 18, 2014
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  • Scandals: FG reduces aviation ministry’s budget by N9.3bn

    The different scandals and the huge amount of funds in the coffers of the Federal Ministry of Aviation may have necessitated the slashing of its budget for this year by N9.3bn when compared to what it got...

    • Posted January 18, 2014
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  • N170.7bn lost to waivers in three years – Okonjo-Iweala

    Nigeria lost N170.73bn to exemptions and import waivers in the last three years, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister gave the figure in her response to one of the 50 questions on...

    • Posted January 18, 2014
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  • Pipeline vandalism: Kwara IPMAN threaten to down tools

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alerted  members of the public of another round of hardship arising from petrol scarcity following the activities of vandals along the Ogbomoso-Ilorin oil pipelines. The IPMAN observation is coming just...

    • Posted January 18, 2014
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