Don't Miss


Latest News

  • AMCON takes over Ifeanyi Ubah’s Capital Oil

    The Asset Management Corporation of Nigeria has taken over the management of Capital Oil and Gas Industries. The Head of Corporate Communications, AMCON, Mr. Kayode Lambo, said in a signed advertorial on Wednesday that the management’s takeover...

    • Posted August 30, 2013
    • 0
  • GTBank supports African Gifted Foundation

    Giving children quality education and helping them manage their minds so that they can get the best out of themselves is one of the greatest gifts teachers can provide. However, teachers cannot do it alone. Communities and...

    • Posted August 29, 2013
    • 0
  • MAN tasks states, FG on multiple taxation

    Former Minister of Industry and National President, Manufacturers Association of Nigeria (MAN), Dr Kola Jamodu, has urged federal and state governments to urgently remove the bottleneck of multiple taxation and provide infrastructure that will support manufacturing industries with...

    • Posted August 29, 2013
    • 0
  • FG begins implementation of ISPS code – Minister

    The Federal Government said on Wednesday it had begun the implementation of the International Ships and Ports Facilities Security (ISPS) Code in the ports nationwide. The Minister of Transport, Sen. Idris Umar, announced this in a statement...

    • Posted August 29, 2013
    • 0
  • New workers’ payroll system saves FG N120bn

    The Federal Government has saved a total of N120bn on personnel cost between 2007 and now through the implementation of the Integrated Payroll and Personnel Information System. The Accountant-General of the Federation, Mr. Jonah Otunla, said this...

    • Posted August 29, 2013
    • 0
  • Dangote, financiers to sign $5.55bn refinery loan deal

    The Dangote Group has said it will sign $5.55bn loan deals with financiers on September 4 for the building of a $9bn refinery and petrochemical complex to be located at the Olokola Free Trade Zone, Ondo State....

    • Posted August 29, 2013
    • 0
  • FG earmarks $1.6bn for power transmission facilities’ expansion

    The Minister of Power, Prof. Chinedu Nebo, on Monday said the Federal Government had designated $1.6bn for the expansion of power transmission facilities in the country. He said a substantial part of the fund came in form...

    • Posted August 29, 2013
    • 0
  • External reserves stand at $46.9b

    The Central Bank of Nigeria (CBN), on Wednesday, said the nation’s external reserves stood at 46.89 billion dollars on August 26 According to the CBN, out of the sum, 45.67 billion dollars was in liquid form, while...

    • Posted August 29, 2013
    • 0
  • Landowners threaten to shut Enugu International Airport

    Some landowners have threatened to halt business activities at the Enugu International Airport if the Federal Airports Authority of Nigeria fails to pay them compensation within seven days for acquiring their land. The threat is coming three...

    • Posted August 29, 2013
    • 1
  • Lagos cancels Lekki-Epe Expressway concession

    Controversy surrounding the management of the Lekki-Epe Expressway took a new turn on Tuesday as the Lagos State Government announced the termination of its concession agreement with the Lekki Concession Company. Already, the state House of Assembly...

    • Posted August 28, 2013
    • 0
  • MasterCard, eight banks set for national ID project

    With preparations now at its peak for the National Identity Number (NIN) project piloted by the National Identity Management Commission (NIMC), technology provider to the project, MasterCard, recently restated its commitment to accelerating the process. The pilot phase...

    • Posted August 28, 2013
    • 0
  • Consumers are short-changed on electricity bills – NERC

    Nigerian Electricity Regulatory Commission (NERC) has admitted that consumers are paying inefficient price for electricity but attributed the situation to the unavailability of power supply. NERC Chairman, Dr. Sam Amadi who spoke in Lagos at a public forum...

    • Posted August 28, 2013
    • 1
  • FG invests N3bn to improve railway service

    The Federal Government has invested additional N3 billion on Nigeria Railway by acquiring two telescopic railway cranes and four new locomotives to enhance service delivery in the sector. The Managing Director, Nigeria Railway Coprporation, NRC Engr. Adeseyi...

    • Posted August 28, 2013
    • 0
  • 2013 Business Leader awards: Johnnie Walker partners CNBC

    Johnnie Walker announces  its  partnership  with  CNBC  Africa,  for  the  All  Africa Business  Leader  Awards (AABLA)  presented  by  Johnnie  Walker  Blue  Label.  This  event  will  pay  homage  to  business people with vision and  spirit. Launched  in  2011, ...

    • Posted August 28, 2013
    • 0