Don't Miss


Latest News

  • NIRSAL: CBN pledges N25b to agric loans

    The Central Bank of Nigeria (CBN) says it has so far guaranteed N25 billion loans to the nation’s agricultural sector through the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) since July last year, when the...

    • Posted August 6, 2013
    • 0
  • 48.3 million Nigerians browse Internet on mobile phones

    A total of 48.3 million telephone subscribers actively browse the Internet on their mobile phones, investigations have shown. Statistics obtained from the Nigerian Communications Commission on Friday showed that Internet subscriptions through the telecommunications operators increased by...

    • Posted August 5, 2013
    • 0
  • Government agencies failed to remit N256.36bn revenue – National Assembly

    Revenue generating agencies of the Federal Government failed to remit to the Consolidated Revenue Fund of the Federal Government the sum of N256.6bn out of the expected N512.117bn revenue between 2009 and 2012, according to the National...

    • Posted August 5, 2013
    • 1
  • Power: FG seeks $450m from Islamic Development Bank

    The Federal Government has sought the support of the Islamic Development Bank for the provision of about $450m to expand the power transmission system to wheel up to 20,000 megawatts of electricity. A statement on Sunday quoted...

    • Posted August 5, 2013
    • 0
  • GTBank, AFC, Mainstream sign $170m deal to finance Kainji Power

    Guaranty Trust Bank Plc, NSE and multilateral financial institution, Africa Finance Corporation, AFC, have provided a US$170 million (N27.2 billion) facility to Mainstream Energy Solutions Limited Consortium, MESL, for the acquisition of Kainji Power station, one of...

    • Posted August 5, 2013
    • 0
  • Integration of West African insurance market imperative – NAICOM

    The Commissioner for Insurance, Mr. Fola Daniel has called for integration of the insurance sector in the West African sub region and Guinea-Conakry, saying that the move is not an option but an imperative. Daniel made the...

    • Posted August 5, 2013
    • 0
  • Shell moves to buy Chevron oil blocs

    Oil giant, the Royal Dutch Shell Plc has notified the Nigerian government that it would like to buy some of U.S. firm, Chevron Nigeria’s licences. A report by the US-based Wall Street Journal, WSJ, filed from London,...

    • Posted August 5, 2013
    • 0
  • Nigeria’s debts are sustainable – DMO

    There are concerns by Nigerians and other stakeholders over the nation’s debt profile. But the Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, insists that Nigeria’s debts are sustainable as there is no fear...

    • Posted August 5, 2013
    • 0
  • Bond funds worldwide suffer $1.6bn outflow — BoA

    Bond funds worldwide suffered outflows of $1.6bn in the latest week as investors awaited signs from the Federal Reserve regarding its bond-buying stimulus, data from a Bank of America Merrill Lynch Global Research report showed Friday. Reuters reported...

    • Posted August 4, 2013
    • 0
  • Customs intercept 3,263 bags of rice in Oyo

    The Nigeria Customs Service, Oyo/Osun Command, said on Friday it had intercepted 3,263 bags of rice allegedly being illegally conveyed into the country via three articulated trucks. The Customs Area Controller of the Command, Mr. Richard Oteri,...

    • Posted August 4, 2013
    • 0
  • Food security: Nigeria distributes cassava stems to farmers

    Nigeria, in partnership with HarvestPlus, has commenced the distribution of pro-vitamin A cassava stems to farmers. A statement obtained from the International Institute of Tropical Agriculture on Friday said this was part of agricultural reforms aimed at...

    • Posted August 4, 2013
    • 0
  • Nigeria, Cote d’Ivoire in railway development talks

    There are indications that Nigeria and Cote d’Ivoire will work together to execute a number of transport infrastructural projects to speed up the economic development in the two countries. Already, the two nations have agreed to jointly...

    • Posted August 4, 2013
    • 0
  • Lilypond Container Depot closes operations

    The management of Lilypond Container Depot Nigeria Limited has announced its inability to continue operating its container depot in Ijora, Lagos, owing to poor patronage. A statement by the organisation on Friday stated that the Nigerian Ports...

    • Posted August 4, 2013
    • 0
  • CBN urges Abia to leverage on cashless policy to grow IGR

    The Abia State Government had been urged to take advantage of the cashless policy of the Central Bank of Nigeria (CBN) to grow the value of its Internally Generated Revenue. Speaking during an interactive session on the...

    • Posted August 3, 2013
    • 0