Don't Miss


Latest News

  • $50m JICA loan will be judiciously spent – Tambuwal

    The Speaker of the House of Representatives, Mr. Aminu Tambuwal, on Monday said that Nigeria would not misuse the $50m loan the Japan International Cooperation Agency had offered the country to fight polio. Tambuwal spoke in Abuja...

    • Posted November 13, 2013
    • 1
  • Nigeria’s debt rises to N8.32tn

    The nation’s total debt now stands at N8.32tn ($53.42bn), the Debt Management Office has said. The latest statistics released by the DMO on its website on Monday showed that as of September 30, 2013, the total debt...

    • Posted November 13, 2013
    • 0
  • Smuggling responsible for influx of substandard products – SON

    The Standards Organisation of Nigeria has said that the attitude of most Nigerians towards imported goods has continued to fuel the influx of substandard products into the country. The organisation’s head in Akure, the Ondo State capital,...

    • Posted November 13, 2013
    • 0
  • Market cap gains N125 billion on Tuesday

    The bullish trend continued at the stock market on Tuesday with the market capitalisation of listed entities closing at N12.234 trillion to appreciate by N125 billion or 1.03 percent as against Monday’s closing figure of N12.109 trillion....

    • Posted November 12, 2013
    • 0
  • NNPC rejects allegations of sharp practices in crude oil sales

    The management of NNPC on Sunday denied a report by a Swiss-based agency which accused the corporation of colluding with some local and international oil traders to execute unfair industry practices. Ms Tumini Green, the Acting Group...

    • Posted November 12, 2013
    • 0
  • Bayelsa to acquire 100MW gas turbine to boost power generation

    The Bayelsa Government says it will soon acquire a 100 megawatts gas turbine to enhance power generation, as part of efforts to boost electricity supply in the state. A statement by Mr Daniel Iworiso-Markson, the Chief Press...

    • Posted November 12, 2013
    • 0
  • 66 bidders applied to buy 10 national integrated power plants – Nebo

    No fewer than 66 bidders on Monday in Abuja submitted applications to buy 10 national integrated power plants built by the Niger Delta Power Holding Company (NDPHC) Ltd. The Minister of Power, Prof. Chinedu Nebo, listed the...

    • Posted November 12, 2013
    • 0
  • Naira slides against the dollar

    The naira, on Monday, weakened against the US dollar, losing N0.44 kobo at the interbank market. The naira closed at N159.04/$ on Monday, compared to N158.60/$ on Friday last week, data from the Financial Markets Dealers Quotations (FMDQ) have revealed....

    • Posted November 12, 2013
    • 0
  • Downstream players urged to expand capacity

    Downstream players in Nigeria’s petroleum industry have been challenged to expand capacity through the construction of refineries to become net producers of petroleum products in the country. By so doing, they will become competitive at the international...

    • Posted November 12, 2013
    • 0
  • Sanusi lists financing conditions for PPP projects

    The Governor, Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi has listed adequate institutional framework, transparent legislative and regulatory frameworks as preconditions for successful Public Private Partnership, PPP projects. He stated this while delivering a key...

    • Posted November 12, 2013
    • 0
  • No company has monopoly to lift crude – NNPC

    The Nigerian National Petroleum Corporation on Sunday said no company enjoyed the monopoly of lifting the country’s crude oil, contradicting reports that it colluded with some local and international traders to execute unfair industry practices. The corporation...

    • Posted November 12, 2013
    • 0
  • IPMAN sells kerosene for N50 in Ilorin, Ibadan

    Residents of Kwara State, especially the Ilorin metropolis, on Sunday purchased kerosene at N50 per litre as officials of the Independent Petroleum Marketers Association of Nigeria, Ilorin Depot, supervised the sale of the product. A litre of...

    • Posted November 12, 2013
    • 0
  • Inconsistent information delaying PHCN workers’ severance payment – Nebo

    The Minister of Power, Prof. Chinedu Nebo, has given reasons why some workers of the defunct Power Holding Company of Nigeria have not been paid their severance packages two weeks after the Federal Government gave out the...

    • Posted November 12, 2013
    • 0
  • Investors trade 279.47 million shares on Monday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Monday with investors trading 279.47 million shares valued at N3.58 billion in 4,506 deals. This was in contrast to the 282.75 million shares worth N6.19...

    • Posted November 11, 2013
    • 0