Don't Miss


Latest News

  • Scarcity of aviation fuel: FG urged to give license to more independent marketers

    The Federal Government has been urged to give more license to independent fuel marketers in the aviation industry to allow them import JET A1 otherwise known as aviation fuel as a fast remedy to  the problem of ...

    • Posted July 30, 2013
    • 0
  • Resourcery, Cisco prescribe video solution to Oil & Gas operations

    Resourcery Plc, a systems integrating company and its networking partners, Cisco have advised  to oil and gas executives to embrace videon solutions to improve their operations.  This advise was given at a one-day business seminar  or business...

    • Posted July 30, 2013
    • 0
  • FAA orders airlines to remove or inspect Boeing 787 beacons

    The U.S. Federal Aviation Administration has instructed airlines to remove or inspect emergency beacons in Boeing Co’s 787 Dreamliners, following a fire earlier this month that was traced to one of the units, made by Honeywell International...

    • Posted July 30, 2013
    • 0
  • Obasanjo’s farm to generate 30,000 jobs for Liberians

    Liberia’s Minister of Agriculture, Dr Florence Chenoweth, on Sunday said that Obasanjo Farms in Liberia would create about 30,000 job opportunities for the citizens. Chenoweth made the observation during the dedication ceremony of Obasanjo Farms Liberia Incorporated...

    • Posted July 30, 2013
    • 0
  • Our roads are now motorable – FERMA boss

    Efforts of the Federal Roads Maintenance Agency FERMA, to make Nigerian roads accessible,  may have started paying off. This is because  power turbines are now being transported by roads, a situation the Managing Director of FERMA, Gabriel...

    • Posted July 30, 2013
    • 2
  • UBA, Dangote post increased half-year profit

    United Bank for Africa (UBA) says its half-year pre-tax profit rose to N33.24 billion ($207 million), up 9.3 per cent from the same period a year ago. The lender’s gross earnings climbed to 125.98 billion naira during...

    • Posted July 29, 2013
    • 0
  • NRC set to repair rail sidelines

    The Nigeria Railway Corporation has announced its plan to rehabilitate rail sidelines to enhance the movement of trains and ensure safety of its passengers. The Managing Director of the Corporation, Mr. Adeseyi Sijuwade, made this known in...

    • Posted July 29, 2013
    • 1
  • Total increases Technip’s $100m contract for Egina field

    Total Upstream Nigeria, a joint venture partner of the Nigeria National Petroleum Corporation, has awarded more contracts to Technip, a French company,  in a string of contract awards for the development of the $15bn Egina deep-water field...

    • Posted July 29, 2013
    • 0
  • Transcorp, three others seek N32.47bn from capital market

    Transnational Incorporated Plc, Sterling Bank Plc and two other listed firms have secured the approval of the Nigerian Stock Exchange to raise about N32.47bn from the capital market. The other two companies, according to information obtained by...

    • Posted July 29, 2013
    • 1
  • Manufacturers raise concern over charges on BoI loans

    Manufacturers Association of Nigeria, MAN Ikeja branch, has expressed concern over numerous charges their members are made to pay to secure the Bank of Industry, BoI, loans, calling for immediate review and possible reduction. Expressing this position...

    • Posted July 29, 2013
    • 0
  • Why I am spearheading cash transfer intervention for women – Dangote

    Studies show that when women are supported and empowered, all of society benefits. Their families are healtheir, more children go to school, agricultural productivity improves and incomes increase. It is against this background that Dangote Foundation, a...

    • Posted July 29, 2013
    • 0
  • Nigerian LNG exports gas

    A blockade on exports of liquefied natural gas (LNG) from Nigeria has been lifted following a partial resolution of a tax dispute between the gas firm and the maritime agency, the company said Friday. “As at today,...

    • Posted July 29, 2013
    • 0
  • PIB: Oil workers lament exclusion from Senate public hearing

    Oil workers in the country have condemned the way and manner the Senate Joint Committee on Petroleum Industry Bill conducted and ended its public hearing without allowing critical and strategic stakeholders in the oil and gas industry...

    • Posted July 28, 2013
    • 0
  • WEMA bank announces returns to profitability

    Wema Bank, Friday, announced its audited results for the financial year ended December 31, 2012 and also, its half year unaudited results for the period ended June 30, 2013. The results show an 18.3% increase in total...

    • Posted July 28, 2013
    • 0