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  • NIMASA blockade: LNG shipment suffers 21% drop at half year

    Liquified Natural Gas (LNG) has recorded the highest commodity export handled in Nigerian ports with a tonnage of 8,462,535 metric tons (MT), according to a half year 2013 commodity analysis of cargoes handled at Nigerian ports, released by...

    • Posted September 13, 2013
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  • Q2 report: CBN sells N3.75tr bills, as currency-in-circulation drops 5.6%

    The Central Bank of Nigeria (CBN), at the weekend said it sold a total of N3.752 trillion in treasury bills at the primary market segment between April and June, down from the N4.703 trillion that was “offered, subscribed...

    • Posted September 13, 2013
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  • FG moves to computerise oil export

    THE Nigerian government is considering the computerisation of the oil exports with a view to generating more revenue and keeping a tab on   the volume of crude oil that leave the country periodically. Disclosing this to Vanguard...

    • Posted September 13, 2013
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  • FCTA signs N1.2bn MoU with Capital Meat Company

    The FCT Administration on Thursday signed a N1.25 billion Memorandum of Understanding (MoU) with the Capital Meat Processing Company for the establishment of a central abattoir at Tungan Maje. The Minister of State for FCT, Ms Olajumoke...

    • Posted September 13, 2013
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  • Nigerian airlines prefer to insure abroad – NAICOM

    Deputy Director of the National Insurance Commission, NAICOM, Mr. Leo Akah has said that most Nigerian airlines prefer to do their aircraft insurance abroad, rather than Nigeria. Akah who stated this at the two-day seminar on Aviation...

    • Posted September 13, 2013
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  • “Standard operating procedures, credibility critical to SMEs growth” – Oguntoyinbo

    The Group Chief Executive Officer of Philly & Mools Group, (a company involved in providing advisory services to corporate bodies), Mr. Niyi Oguntoyinbo, has called on owners of Small and Medium Scale Enterprises, SMEs, in the country...

    • Posted September 13, 2013
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  • Fashola appeals to FG to maintain 117 roads in Lagos

    Gov. Babatunde Fashola of Lagos State on Thursday urged the Federal Government to maintain 117 federal roads in the state. He spoke in Ikeja at a stakeholders’ forum on the collection of wharf landing fees introduced in...

    • Posted September 12, 2013
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  • CBN directs banks to report credit facilities of N1m in CRMS

    The CBN on Thursday directed banks to report all credit facilities of N1 million and above in their Credit Risk Management System (CRMS). The CBN, in a circular by the Director of Banking Supervision, Mrs Tokunbo Martins,...

    • Posted September 12, 2013
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  • Stock Market watch: Market Cap sheds N12billion on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday ended on a negative note as the market capitalisation recorded a loss of N12 billion or 0.1 percent to close at N11.533 trillion as against...

    • Posted September 12, 2013
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  • Privatization not the answer to power problems – SSAEAC

    Even after the near successful privatization of Nigeria’s power sector, the Senior Staff Association of Electricity and Allied Companies, SSAEAC, has maintained that privatization is not the answer to the nation’s power problems. The position of SSAEAC...

    • Posted September 12, 2013
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  • Aviation security: FAAN installs scanners at airports

    The Federal Airports Authority of Nigeria on Tuesday said it had installed seven brand new X-ray scanning machines at the Murtala Muhammed Airport, Lagos, and others as parts of measures to improve safety and security at the...

    • Posted September 12, 2013
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  • Jonathan kicks off Diaspora Export Programme

    President Goodluck Jonathan has kicked off the implementation of the Diaspora Export Programme, designed to improve trade between Nigeria and other countries of the world in favour of Nigeria. The President said the programme, which was laid...

    • Posted September 12, 2013
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  • NCC to protect subscribers against unsolicited SMS

    The Nigeria Communication Commission (NCC) in its bid to check the ever increasing spate of unsolicited text messages by the over 100 million active subscribers in the country, has come up with a database of all Value...

    • Posted September 12, 2013
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  • Total group removes Nigeria’s affiliate from safety dashboard

    Global headquarters of French oil major, Total group declared at the weekend that it had removed the name of its affiliate in Nigeria from its safety dashboard. President, Africa and mid-East, Total group, Momar Nguer, who disclosed...

    • Posted September 12, 2013
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