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  • 44% of LGAs lack optic fibre backbone – NCC

    Forty-four per cent of the 774 local government areas in the country do not have any form of fibre optic backbone for Internet connectivity, the Nigerian Communications Commission has said. Even the presence of fibre optic backbone...

    • Posted December 12, 2013
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  • “Don’t blame banks for poor lending to SMEs” – Sanusi

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the harsh operating environment in which banks conduct their business is currently hampering the flow of credit to the Small and Medium Scale Enterprises sector....

    • Posted December 12, 2013
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  • FG to empower 50,000 graduates in 2015

    The Federal Government has stated that it will empower 50,000 graduates by the year 2015, with quality work experience under the Graduate Internship Scheme, GIS. GIS is one of the Social Safety Net (SSN) projects of the...

    • Posted December 12, 2013
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  • FG scrutinises MDAs’ accounting records, bank statements

    The Federal Government, through the Office of the Accountant-General of the Federation, has begun the electronic inspection of the accounting records and bank statements of its ministries, departments and agencies. The OAGF said the inspection was part...

    • Posted December 12, 2013
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  • Transcorp reduces liabilities by N7.3bn, forecasts N7bn profit by 2013

    Transcorp Plc. has reduced its contingent liabilities by N7.3 billion following its reorganisation scheme, even as it projects a Profit Before Tax (PBT) of N7 billion for the year ending 2013. The Managing Director, Transcorp Plc, Mr....

    • Posted December 12, 2013
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  • Investors trade 390.35 million shares on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors trading 390.35 million shares valued at N2.93 billion in 5,012 deals. This was in contrast with the 701.33 million shares valued at...

    • Posted December 11, 2013
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  • NSE fines 15 companies N38.1 million over default filings

    The Nigerian Stock Exchange, NSE, has wielded the big stick on fifteen companies for filing their 2012 financial statements after the due regulatory date. Information gathered from the website of the Nigerian bourse, in its X-Compliance report...

    • Posted December 11, 2013
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  • CBN to partner satellite system companies to boost internet services

    The Governor of the Central Bank, Malam Sanusi Lamido Sanusi, says the apex bank will partner some satellite system companies to boost international telecommunication services in the country. Sanusi, who disclosed this at a meeting with a...

    • Posted December 11, 2013
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  • Omatek engages CBN, BOI on single digit funding rate

    Omatek Plc, has disclosed plans to engage the Central Bank of Nigeria, CBN and Bank of Industry, BOI on a single digit funding rate that would assist small and medium companies raise working capital, even as the...

    • Posted December 11, 2013
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  • Sales of refineries: FG to negotiate with labour, stakeholders

    The Minister of Petroleum Resources, Mrs. Diezani Alision-Madueke has said the government was ready to discuss and negotiate with organised labour in the sector with a view to ensuring smooth sail of the privatisation of the nation’s...

    • Posted December 11, 2013
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  • NNPC failed to remit $49.8bn – Sanusi

    An online news medium, SaharaReporters, reported on Monday that the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, had accused the Nigerian National Petroleum Corporation of failing to remit $49.8bn (about N8tn) to the Federation Account...

    • Posted December 11, 2013
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  • NAMA advises operators on air safety measures

    The Managing Director, Nigerian Airspace Management Agency, Mr. Nnamdi Udoh, on Monday in Lagos tasked African aviation experts to ensure safety precautions in their respective fields. The NAMA boss said this while addressing participants at a three-day...

    • Posted December 11, 2013
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  • Agricultural sector needs urgent revitalisation – NSE

    The country’s agricultural sector is currently experiencing a downturn and needs to be urgently revitalised, the Nigerian Society of Engineers has said. According to the body, agriculture constituted the major source of the country’s income years back...

    • Posted December 11, 2013
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  • Oando, German firm sign €5m LPG deal

    Oando Marketing Plc has signed an agreement with KFW, a German government-owned development bank based in Frankfurt, to invest €5m (over N1bn) in the cooking gas market in Nigeria. The company, in a statement on Monday, said...

    • Posted December 11, 2013
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