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  • NDIC recovers N24.68bn from debtors of failed banks

    The Nigeria Deposit Insurance Corporation said it recovered  in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn represents an increase of N2.42bn...

    • Posted September 14, 2013
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  • Government realised N1tn revenue in July – CBN

    The country realised a total of N1.05tn in federally collected revenue in July, according to the monthly report posted on the Central Bank of Nigeria’s website on Thursday. The amount represents an increase of 33.7 per cent...

    • Posted September 14, 2013
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  • Airtel, Nokia offer opportunity to exchange phones

    Telecommunications service provider, Airtel Nigeria and Nokia, have partnered to provide Nigerians the opportunity to exchange any of their current handsets for one of Nokia’s swank smartphones, the Lumia 520. To qualify for the Airtel/Nokia phone upgrade...

    • Posted September 14, 2013
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  • MDGs funds: Reps threaten to sanction states

    The House of Representatives Committee on Millennium Development Goals on Wednesday in Abuja stated that the attitude of some state governors, who tie down funds meant for the MDGs, constituted a serious threat to the realisation of...

    • Posted September 14, 2013
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  • Bodo residents reject Shell N7.5b ettlement over oil spills

    Negotiations between Shell and Nigerian residents affected by two oil spills in 2008 failed to reach a compensation deal Friday, with residents’ lawyers calling the oil giant’s settlement offer “insulting.” Talks began on Monday in Port Harcourt,...

    • Posted September 14, 2013
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  • ECOWAS bank to understudy BoI on project financing

    The leaders of Economic Community of West African States, ECOWAS Bank for Investment and Development, EBID, Togo, are to understudy Nigeria’s Bank of Industry’s success on project financing. The group said it intends to replicate the success...

    • Posted September 14, 2013
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  • Stockbrokers blame depreciation in shares prices on CRR review

    Stockbrokers in the nation’s capital market have attributed the recent down turn in the market to the review of Cash Reserve Ratio, CRR, by the Central Bank of Nigeria. The CBN had about two months ago reviewed...

    • Posted September 14, 2013
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  • Lagos residents commend government over improved power supply

    Some Lagos residents and business outfits have commended the Power Holding Company of Nigeria (PHCN) over improved power supply in their areas. They gave the commendation while speaking with the News Agency of Nigeria (NAN) in Lagos...

    • Posted September 13, 2013
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  • Stock market watch: Indices dip 0.35% on Friday

    The bearish trend continued at the Nigeria stock market on Friday with the All Share Index, ALSI, loosing 126.38 points or 0.35 percent to close at 36,098.06 points as against Thursday’s closing figure of 36,224.44 points. Equally,...

    • Posted September 13, 2013
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  • FG, Akwa Ibom Government to commence construction of Ibaka seaport

    The Akwa Ibom Government says it is committed to commencing the construction of Ibaka Deep Seaport in partnership with the Federal Government. Gov. Godswill Akpabio said this at a gala night organised in honour of the visiting...

    • Posted September 13, 2013
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  • APM Terminals to relocate physical examination site

    The Managing Director of APM Terminals Apapa Ltd., Mr Andrew Dawes, on Thursday said the company had decided to relocate its physical examination site to a section of the terminal. A statement issued by the company’s Media...

    • Posted September 13, 2013
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  • Oil Spill: Shell offers to pay N7.5bn to claimants

    The Shell Petroleum Development Company has offered to pay N7.5 billion to the indigenes of Bodo community, Gokana Local Government Area of Rivers, who were affected by an oil spill in 2008. A competent source close to...

    • Posted September 13, 2013
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  • Committee on disbursement of relief fund begins assignment in Bauchi State

    The committee set up to disburse the 1.8 billion relief fund to victims of the 2011 post presidential election violence in Bauchi State began its assignment on Thursday in Bauchi. Alhaji Sagir Aminu, the state Deputy Gov.,...

    • Posted September 13, 2013
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  • Insurance critical to economic transformation – Oteh

    Director General of Securities and Exchange Commission (SEC) Ms. Arunma Oteh, on Tuesday in Abuja, stressed the importance of micro insurance to transforming the Nigerian economy. Speaking at the International micro insurance conference organised by National Insurance Commission...

    • Posted September 13, 2013
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