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  • Stakeholders recommend skill acquisition for industrial growth

    Some stakeholders have argued that Nigeria’s dependence on imported goods would only stop if government at all levels promote skills acquisition, which, they claimed would make local industries grow. They lamented that inadequate support for local industries...

    • Posted December 22, 2013
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  • Zip moves to enhance consumer experience

    As part of its efforts in ensuring better consumer experience, Zip detergent has unveiled a new television commercial tagged ‘ZIP Makes You Prouder’. PZ Cussons, producer of the brand, reinstated its commitment to innovation and a delightful...

    • Posted December 22, 2013
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  • Nigeria commits N4.3billion to cassava flour processing

    The Nigerian government is spending 4.3 billion Naira (about 27.6 million dollars) on the upgrading of small Cassava flourmills and processors. The fund is to be managed by the Bank of Industry (BOI). The Minister of Agriculture,...

    • Posted December 22, 2013
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  • UK Hydrographic Office begins charting of Lekki Deep Seaport

    The Nigerian Ports Authority (NPA) on Friday said the UK Hydrographic Office had commenced the process of charting the Lekki Deep Seaport Area. The NPA Assistant General Manager, Hydro and Dredging, Mr Olumide Omotoso, made this known...

    • Posted December 21, 2013
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  • AMCON set to redeem N1trillion bonds

    The CBN Governor, Malam Sanusi Lamido Sanusi, said the Asset Management Company of Nigeria (AMCON), would soon redeem N1 trillion bonds to its first four bond holders. Sanusi disclosed this in Abuja on Friday at the signing...

    • Posted December 21, 2013
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  • RMAFC concludes work on new revenue formula

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Thursday said the commission had concluded work on a new revenue formula for the country. This information is contained in a statement signed by Mr Zubairu Dada, the...

    • Posted December 21, 2013
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  • Jaiz Bank recorded operating loss of N1.07billion in 2012

    Jaiz Bank recorded an operating loss of N1.07 billion in 2012, Alhaji Umaru Mutallab, the Chairman, Board of Directors of the bank, said on Thursday in Abuja. Mutallab, who made this known at the maiden Annual General...

    • Posted December 21, 2013
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  • Investors trade 698.89million shares on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Friday with investors trading 698.89 million shares valued at N4.91 billion in 4,478 deals. This was in contrast with the 714.20 million shares valued at...

    • Posted December 21, 2013
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  • N6.2b pension fund diversion: Why EFCC is after Oronsaye

    Indications have emerged on why the Economic and Financial Crimes Commission EFCC has declared war on Nigeria’s former head of Service, Mr. Stephen Oronsoaye. A dependable source at the Commission who spoke to our correspondent on the...

    • Posted December 21, 2013
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  • Ban on rice importation: Public servants urge FG to raise local production

    The Association of Senior Civil Servants (ASCSN) on Friday advised the Federal Government to raise local production of rice before enforcing the ban on its importation. Mr Basir Lawal, General Secretary of ASCSN, in Lagos said that...

    • Posted December 21, 2013
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  • Jonathan intervenes in National Economic Council crisis

    President Goodluck Jonathan on Thursday intervened in the crisis rocking the National Economic Council, which has made it impossible for the body led by Vice-President Namadi Sambo, to meet in the last four months. The council, which...

    • Posted December 21, 2013
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  • FIRS moves to enhance tax collection, voluntary compliance

    The Federal Inland Revenue Service on Thursday in Abuja began the pilot scheme of its Integrated Tax Administration System Project. The move, according to the acting Executive Chairman, FIRS, Alhaji Kabir Mashi, is part of efforts aimed...

    • Posted December 21, 2013
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  • PenCom to prosecute employers for N10.78bn pension default

    The National Pension Commission has expressed its readiness to begin the prosecution of employers who have refused to remit about N10.78bn pension funds deducted from their workers’ monthly emoluments into Retirement Savings Accounts under the Contributory Pension...

    • Posted December 21, 2013
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  • TCN sacks CEO, power generation to drop by 826MW

    The board of the Transmission Company of Nigeria has fired its Chief Executive Officer, Mr. Don Priestman, and has appointed a new CEO to manage the firm. Although no official reason was given the termination of Priestman,...

    • Posted December 21, 2013
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