Don't Miss


Latest News

  • Brass LNG suffers another setback

    Brass LNG Limited, the two-train, 10 million-metric tonne per year project, has again suffered a setback as Oando Plc has terminated the purchase agreement it had with ConocoPhillips. The Final Investment Decision on the Brass LNG project...

    • Posted September 19, 2013
    • 0
  • Tambuwal decries low capital budget implementation

    The Speaker of the House of Representatives, Aminu Tambuwal, on Thursday in Abuja decried the low implementation level of the capital component of the 2013 budget. Tambuwal, who made the remark in an address of welcome to...

    • Posted September 19, 2013
    • 0
  • Oil exports declined by 11% in Q2 – NBS

    The country’s oil exports declined at a slower pace in the second quarter compared with the previous three months, according to the National Bureau of Statistics. Crude shipments fell by 11 per cent to N2.7tn ($16.6bn) last...

    • Posted September 19, 2013
    • 0
  • Reserved bidder sues BPE, NCP over Enugu Disco

    Eastern Electric, the reserve bidder for the Enugu Electricity Distribution Company, has sued the Bureau of Public Enterprises and the National Council on Privatisation to enforce its right to acquire 60 per cent stake in the power...

    • Posted September 19, 2013
    • 0
  • CIBN seeks special intervention fund for real, agric sectors

    The Chartered Institute of Bankers of Nigeria (CIBN) has called on the Federal Government to intensify the implementation of infrastructure development programmes and provide special intervention funds for real and agricultural sectors in order to ensure the...

    • Posted September 19, 2013
    • 0
  • FG approves N311.8m for purchase of 30 buses for civil servants in Abuja

    The Federal Executive Council (FEC) on Wednesday approved the purchase of 30 33-seater Innoson buses to address the transportation problem being experienced by civil servants in Abuja. The Minister of Information, Mr Labaran Maku, said this in...

    • Posted September 18, 2013
    • 0
  • FG directs Julius Berger to rehabilitate Lagos-Ibadan expressway – Director

    The Federal Government on Wednesday directed Julius Berger to begin rehabilitation of the bad portions on Lagos-Ibadan expressway to reduce hardship faced by motorists. The Director of Federal Highways (South West), Federal Ministry of Works, said this...

    • Posted September 18, 2013
    • 0
  • CBN sells $300m forex at WDAS

    The Central Bank of Nigeria (CBN) sold 300 million dollars at the rate of N155.76 to the dollar at its 71st Wholesale Dutch Auction System (WDAS) on Wednesday. The News Agency of Nigeria (NAN) reports that the...

    • Posted September 18, 2013
    • 0
  • Stock Market watch: Market cap loses N23billion on Wednesday

    The bearish trend continued at the stock market on Wednesday with the market capitalisation of the listed entities losing N23 billion or 0.20 percent to close at N11.392 trillion as against Tuesday’s N11.415 trillion mark. The All...

    • Posted September 18, 2013
    • 0
  • Zone A unit of NCS seizes over N1bn worth of contraband

    The Federal Operations Unit, Zone A of the Nigeria Customs Service says it seized 47,372 pieces of contraband worth more than N1 billion between January and August this year. Mr Uche Ejesieme, the spokesman for the zone,...

    • Posted September 18, 2013
    • 0
  • MD of Jos electricity company vows to recover N15bn debts

    Mr Fidelis Obisahi, the Acting Managing Director, Jos Electricity Distribution Company (JEDC), on Wednesday announced that customers owed the company about N15 billion and vowed to “aggressively go after the debtors’’. “Customers owe JEDC more than N15...

    • Posted September 18, 2013
    • 0
  • NSE trains 627 stockbrokers in preparation for New Trading Platform Launch

    The Nigerian Stock Exchange, NSE, has concluded training of over 627 stockbrokers in preparation for the Q3 2013 launch of its new Trading Platform, the X-Gen. It was gathered that the training sessions were spread across various...

    • Posted September 18, 2013
    • 0
  • Sanusi launches revised payment system document

    Malam Sanusi Lamido Sanusi, the Governor of Central Bank of Nigeria (CBN), has launched the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document. Sanusi, who launched the document during an International Conference on...

    • Posted September 18, 2013
    • 0
  • Utomi denies funding presidential campaign with Bank PHB money

    Prof. Pat Utomi on Tuesday denied that he funded his 2007 election campaign with loans obtained from the former Bank PHB. Utomi, a former Executive Director of the bank, was also presidential candidate of the African Democratic...

    • Posted September 18, 2013
    • 0