Don't Miss


Latest News

  • DPR threatens owners of illegal petrol stations

    The Department of Petroleum Resources has threatened to sanction marketers that indulge in the construction of petrol stations without an approval. The Zonal Operation Controller for the Kaduna Zone, Alhaji Mustapha Jahun, said the agency would no...

    • Posted November 2, 2013
    • 0
  • NDIC repositions for effective bank distress resolution

    The Nigeria Deposit Insurance Corporation has repositioned its operation to enable it develop competence to check bank distress before they worsen. To achieve this, the corporation on Thursday unveiled its new brand identity, which is premised on...

    • Posted November 2, 2013
    • 0
  • FG hands over Enugu Electricity Distribution Company to private investor

    The Federal Government on Friday handed over the Enugu Electricity Distribution Company, EEDC, to a private investor, the Interstate Electrics Limited. In his speech at the event, which took place at the corporate headquarters of EEDC in...

    • Posted November 1, 2013
    • 1
  • Nnaji wants FG tackle corruption in power sector

    The Immediate past Minister of Power, Prof. Bart Nnaji, on Friday said that adequate infrastructure, sound economic policies, secure environment, rule of law and stable political climate were needed to attract foreign investment to Nigeria. Nnaji, Chairman...

    • Posted November 1, 2013
    • 0
  • IMF cautions FG against reversal in capital flow, price shock

    The International Monetry Fund, IMF, yesterday, urged the Federal Government to commence timely policy actions to avoid risk of oil price shock and the reduction in foreign capital inflow currently raring their ugly ‘heads’ in the country...

    • Posted November 1, 2013
    • 0
  • ASI gains by 0.38% on Friday

    Transactions on the last trading day of the week ended on a positive note with the All Share Index, ASI, gaining 143.08 points or 0.38 percent to close at 37,765.82 basis points higher than Thursday’s closing figure...

    • Posted November 1, 2013
    • 0
  • Atuche’s trial: Court admits board resolutions of three companies as exhibits

    An Ikeja High Court on Friday admitted the board resolutions of three companies as exhibits in the trial of a former Managing Director of Bank PHB, Francis Atuche. Justice Lateefat Okunnu had on Oct. 25, given the...

    • Posted November 1, 2013
    • 0
  • NCS prepared to take over Destination Inspection – Spokesman

    The Nigeria Customs Service (NCS), Tin-Can Island Command, on Friday said that it was now prepared and equipped to take over from service providers handling the Destination Inspection services at the ports. The Public Relations Officer of...

    • Posted November 1, 2013
    • 0
  • FG hands over Kano Electricity Company to core investor

    Vice President Namadi Sambo on Friday challenged core investors in the power sector to transform it into a world class industry in terms of quality of service and customer satisfaction. Sambo made the call in Kano in...

    • Posted November 1, 2013
    • 0
  • Aura Energy Ltd takes over JEDC, promises stable electricity

    The Federal Government on Friday handed over the Jos Electricity Distribution Company (JEDC) to Aura Energy Limited, an international electricity company that bought the outfit. The international electricity company bought JEDC in the power privatisation exercise in...

    • Posted November 1, 2013
    • 0
  • VP to handover PHCN assets to new owners

    The Vice President Namadi Sambo will officially hand over the physical assets of the 14 PHCN Successor Companies to the new owners on Nov.1 This is contained in a statement issued in Abuja on Thursday by the...

    • Posted November 1, 2013
    • 1
  • Oodua group inaugurates N3bn shopping malls

    The Oodua Group of Companies on Thursday at Dugbe, Ibadan, inaugurated two shopping malls worth N3 billion . Mr Adebayo Jimoh, the Group Managing Director of Oodua Group of Companies, said that a total of N3 billion...

    • Posted November 1, 2013
    • 0
  • Electricity workers appeal to new investors over labour issues

    Electricity workers have appealed to the new investors in the power sector to prevail on the Federal Government to resolve pending labour issues before handing the companies over. Mr. Mansur Musa, President, National Union of Electricity Employees...

    • Posted November 1, 2013
    • 0
  • Farmers get 32,000 hybrid plantain/banana varieties

    Federal Government through the Federal Ministry of Agriculture and Rural Development  has distributed over 32,000 disease free improved varieties of Plantain/Banana suckers to about 1000farmers in four pilot States in  the country. The benefitting States include Abia, Delta,...

    • Posted November 1, 2013
    • 0