Don't Miss


Latest News

  • Bayelsa signs partnership agreement with UK-based Heritage Oil

    The Bayelsa Government on Wednesday signed an agreement with a London-based oil firm, Heritage Oil Plc, to position the state for greater participation in the oil and gas business. Gov. Seriake Dickson, who signed for the state...

    • Posted November 6, 2013
    • 0
  • Kwara traders bemoan scarcity of N20, N50 notes

    Traders and transporters in Omu-Aran, KwaraState, yesterday, said that they were recording low sales due to scarcity of low denomination currency notes. According to reports, traders said that they now depend on divine intervention to remain in...

    • Posted November 6, 2013
    • 0
  • Coal to power will solve epileptic power – FG

    The Federal Government has assured electricity consumers that the coal to power initiative would assist in solving the problem of persistent epileptic power supply as presently being experienced in the country. Minister of Power, Prof. Chinedu Nebu,...

    • Posted November 6, 2013
    • 0
  • Manufacturers target 18% contribution to GDP

    The Manufacturers Association of Nigeria has set a target of 15 to 18 per cent contribution to the country’s Gross Domestic Product by in the next seven years. The President, MAN, Chief Kola Jamodu, said this in...

    • Posted November 6, 2013
    • 0
  • Nigeria, Singapore seal air link, medical tourism deal

    Nigeria and Singapore have agreed to open up direct air links between both countries and leverage on each other’s competitive and comparative advantage, for a mutually beneficial trade and investment relationship. The agreement covers medical tourism, capacity...

    • Posted November 6, 2013
    • 0
  • Oil spill getting worse in Niger Delta – NOSDRA

    The National Oil Spill Detection and Response Agency on Monday decried the increasing rate of oil spillage in the Niger Delta. According to the agency, the spillage is getting worse on a daily basis and there is...

    • Posted November 6, 2013
    • 0
  • Kerosene not covered by N1.4tn subsidy – Okonjo-Iweala

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said on Monday that the N1.4tn spent by the Federal Government on subsidy covered only petrol because no provision was made for subsidy payment on kerosene. Okonjo-Iweala, who appeared before...

    • Posted November 6, 2013
    • 0
  • FG to establish new agric marketing corporations

    The Federal Government is to establish new marketing corporations to further strengthen the agriculture sector and improve market opportunities for farmers. President Goodluck Jonathan disclosed this on Tuesday in Tudun Wada, Nasarawa State, while declaring open the...

    • Posted November 5, 2013
    • 0
  • Islamic finance has potential for financial inclusion – Sanusi

    The Governor, Central Bank of Nigeria, Mr Lamido Sanusi, says Islamic financial products have the capacity for ensuring financial inclusion of significant segment of the population. Sanusi stated this on Tuesday in Abuja at the National Conference...

    • Posted November 5, 2013
    • 0
  • Capturing the biometrics of bank customers will improve services – Sanusi

    The Governor of the Central Bank of Nigeria (CBN), Malam Lamido Sanusi, said the bank would begin capturing of biometric data of bank customers to ensure better services. Sanusi disclosed this on Tuesday in Abuja at the...

    • Posted November 5, 2013
    • 1
  • Market cap gains N37billion on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish note on Tuesday as the market capitalisation of the listed entities rose to N12.158 trillion gaining by N37 billion or 0.31 percent from...

    • Posted November 5, 2013
    • 0
  • Customs lost N603bn revenue in 2013 due to unfavourable government policies – Dikko

    Alhaji Abdullahi Dikko, the Comptroller-General of the Nigerian Customs Service (NCS), said on Monday in Abuja that the agency lost about N603 billion this year due to unfavourable government policies. He said that the losses were incurred...

    • Posted November 5, 2013
    • 0
  • Union Bank declares N12.4billion profit in Q3 2013

    Union Bank of Nigeria Plc has declared a N12.4 billion profit-after-tax(PAT) for the third quarter nine-month period ended September 30, 2013. The Group’s profit for the same period according to an unaudited financial statement was put at...

    • Posted November 5, 2013
    • 1
  • Nigeria will longer be cheated in air services agreements – Bush-Alebiosu

    Honourable Dayo Bush-Alebiosu is the Chairman, House Committee on Treaties and Agreements, which was inaugurated in the House about a year ago. In this interview with Aviation reporters, he speaks on several issues in the Nigerian aviation...

    • Posted November 5, 2013
    • 0