Don't Miss


Latest News

  • Mortgages will be cheaper in 2014 – Okonjo-Iweala

    The Minister of Finance and Coordinating Minster of the Economy, Dr. Ngozi Okonjo-Iweala, made a statement assuring Nigerians of cheaper mortgages that will assist them to own houses from early 2014, saying the problem of housing has...

    • Posted August 8, 2013
    • 0
  • 32 insurers yet to submit 2012 accounts – NAICOM

    Seven months after the close of year 2012, 32 insurance companies are yet to submit their financial reports to the National Insurance Commission (NAICOM) for approval, the commission has hinted. In spite of the fact that section...

    • Posted August 8, 2013
    • 2
  • Investor Protection Fund: SEC delays compensation of investors

    The delay in approval of the draft rules for the implementation of the Investors Protection Fund (IPF) by the Securities and Exchange Commission (SEC) has been a stumbling block to compensation of investors, who fell victim of...

    • Posted August 7, 2013
    • 0
  • Luggage charge leaves passengers stranded at Lagos airport

    A new policy introduced by the Federal Airports Authority of Nigeria for passengers coming into the country to pay a special charge on their luggage has become a source of dilemma for travellers. A lot of passengers,...

    • Posted August 7, 2013
    • 2
  • Bureaucracy, contractors delay N2.39tn Ogidigben gas project

    Delayed paper works by the Federal Government, represented by the Nigerian National Petroleum Corporation, and contractors, among other things, are delaying the commencement of the $15bn (N2.39tn) Ogidigben gas-based industrial park. The Federal Government and the private...

    • Posted August 7, 2013
    • 0
  • PIB: Governors snub international oil companies

    State governors have turned down moves by the International Oil Companies to prevail on them to influence the National Assembly not to pass the Petroleum Industry Bill. Our correspondents gathered on Sunday that the IOCs had stepped...

    • Posted August 7, 2013
    • 0
  • FG begins payment of PHCN workers’ severance package

    The Office Accountant General of the Federation (AGF) has commenced the payment of N34.585 billion to 3,938 staff of Power Holding Company of Nigeria (PHCN). The affected workers are those of Generation Companies (GENCO) and the PHCN...

    • Posted August 7, 2013
    • 0
  • Pan Ocean loses $4.96bn to oil theft

    Pan Ocean Oil Corporation, an indigenous independent oil company said it lost more than $4.96 billion to crude oil theft and pipeline vandalism in its area of operation in four years. Mr. Toni Ezeukwu, General Manager of...

    • Posted August 7, 2013
    • 0
  • Investors want embankment constructed on River Niger

    The Anambra State Government and investors, in Awka on Monday, renewed calls for the construction of embankment on the River Niger in the state. The call was made at an interactive session organised by the government and the...

    • Posted August 6, 2013
    • 0
  • Alison-Madueke defends powers conferred on oil minister in PIB

    Minister of Petroleum resources, Diezani Alison-Madueke at the weekend charged members of the National Assembly to pass the Petroleum Industry Bill (PIB) without removing the controversial clause. Stakeholders, including the lawmakers have argued that the enormous powers...

    • Posted August 6, 2013
    • 0
  • Access Bank to support entrepreneurs in hospitality business

    Access Bank Plc has expressed its preparedness to support operators in the hospitality business in the country. The Managing Director, Access Bank Plc, Mr. Aigboje Aig-Imoukhuede, said at a business growth forum organised by the bank for...

    • Posted August 6, 2013
    • 0
  • Privatisation: Peterside explains use of ATC & C for bidders

    At the opening of Financial Bids for Kaduna Distribution Company (DISCO) and Afam Generation Company (Genco) which held on July 31, 2013 in Abuja, Northwest Power Ltd had the highest Aggregate Technical Commercial and Collection Loss reduction...

    • Posted August 6, 2013
    • 0
  • Expert attributes capital market growth to portfolio investors

    A former President of the Chartered Institute of Bankers of Nigeria (CIBN), Mr Okechukwu Unegbu, on Monday, attributed the growth of the capital market to increased activities by portfolio investment. Unegbu said that many portfolio investors were...

    • Posted August 6, 2013
    • 0
  • Vessel carrying crude burns in Bayelsa

    A barge laden with crude oil caught fire in the coastal area of Agge in Ekeremor council area of Bayelsa State, on Monday. The incident occurred on the Ramos River and was allegedly caused by a spark from...

    • Posted August 6, 2013
    • 0