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  • Nation wasted N5.27tr in petroleum subsidy in six years – Allison-Madueke

    The minister of Petroleum Resources  Diezani Allison- Madueke has said the amount of the annual subsidy expended has been reduced by 59.05 per cent to N850 Billion. The Minister said in a statement at the weekend that the...

    • Posted October 21, 2013
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  • CBN’s cashless policy is working – ICAN boss

    Kabir Alkali Mohammed, is the 49th president of the Institute of Chartered Accountants of Nigeria (ICAN). In this interview with News Editor (Daily), JOHNSON AYANTUNJI, the first Kebbi State indigene to occupy the prestigious seat of ICAN,...

    • Posted October 21, 2013
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  • APCON set to tighten online advertising regulations

    The Advertisers Practitioners Council of Nigeria, APCON is set to tighten regulations on all forms of advertising carried out through the internet medium. The Chairman of APCON, Lolu Akinwumi stated this while speaking to Vanguard on the...

    • Posted October 21, 2013
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  • NSE fines six companies N6.4m for illegal publication

    The Nigerian Stock Exchange has imposed a fine of N6.4m on six quoted companies for various publications without necessary approvals. The fines were imposed on the companies for failing to obtain prior written approval from the Exchange...

    • Posted October 21, 2013
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  • Bi-Courtney sues FAAN, others for contempt

    Bi-Courtney Aviation Services Limited, BASL, operators of the domestic terminal of the Murtala Muhammed Airport, MMA2, Ikeja, has asked the Federal High Court Lagos to commit three top officials of the Federal Airports Authority, FAAN, to jail...

    • Posted October 21, 2013
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  • PenCom seeks power to prosecute defaulting employers

    The National Pension Commission is seeking legal power from the National Assembly to institute criminal proceedings against employers with at least five employees, who either refuse to register under the Contributory Pension Scheme or remit the monthly...

    • Posted October 21, 2013
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  • Manufacturers want FG to restructure export-related agencies

    The Federal Government has been urged to restructure all export-related agencies to take further stimulus measures and support industries to expand export in the country. Delivering his welcome address at the 46th Annual General Meeting of Manufacturing...

    • Posted October 21, 2013
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  • We did not seize Capital Oil – AMCON

    The confusion that followed the takeover of Capital Oil and Gas Industries Ltd by the Asset Management Corporation of Nigeria (AMCON) has been laid to rest with the clarification on the issue by Mustafa Chike-Obi, the Managing...

    • Posted October 21, 2013
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  • NNPC denies stopping fuel importation

    The management of NNPC says it has not stopped importation of petroleum products as reported by a section of the local and international media. This was contained in a statement issued in Abuja on Sunday by NNPC’s...

    • Posted October 20, 2013
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  • Alstom partners Nigeria in infrastructural development

    Alstom, an international company that deals in rail transportation, power and grid has reaffirmed its resolve to be an active and concrete strategic partner for infrastructure development in Nigeria. This was stated by the Chairman/Chief Executive Officer...

    • Posted October 20, 2013
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  • Oando secures $815m credit for Conoco Phillips’ asset acquisition

    Oando Plc has received commitment letters for up $815 million of credit facilities from local and foreign banks to pay for the acquisition of ConocoPhillips’ (COP) Nigerian asset portfolio. The purchase price for the assets is about...

    • Posted October 20, 2013
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  • Access Bank assures customers of innovative services

    Group Deputy Managing Director of Access Bank Plc, Herbert Wigwe, on Thursday, at an interactive session in Enugu, reassured customers that the bank would continue its provision of superlative financial service across the country. Wigwe told the gathering...

    • Posted October 20, 2013
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  • African Development Bank spends N384 billion on Nigeria’s water development

    The African Development Bank (AfDB) has said that it has spent about $2.4 billion (N384 billion) in Nigeria on water development. Andy Mensah, an official of the bank, disclosed this in Lagos at a dialogue to mark...

    • Posted October 20, 2013
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  • Bank lending rates top 21.26% in August 2013 – CBN

    The Central bank of Nigeria, on Friday, released its economic report for the month of August. The report indicated that key monetary aggregate decelerated at the end of August 2013. Also, on a month-on-month basis, broad money (M2)...

    • Posted October 20, 2013
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