Don't Miss


Latest News

  • Customers issued N166bn dud cheques in 2012 – CBN

    The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to as bounced or dishonoured cheques, dud cheques are cheques that banks cannot...

    • Posted July 11, 2013
    • 0
  • Nigeria, China sign agreement on comprehensive financial cooperation

    President Goodluck Jonathan and President Xi Jinping of China Wednesday in Beijing presided over the signing of five agreements to boost financial, trade, economic, technical and cultural relations between Nigeria and China. The agreements which were signed...

    • Posted July 10, 2013
    • 1
  • N4.7b scam: Court fixes ruling on Babalakin’s submission for September 23

    A Lagos State High Court sitting in Ikeja on Tuesday adjourned ruling on the “no case submission” brought by the Chairman of Bi-Courtney Limited, Dr. Wale Babalakin. The businessman and four others, are accused of conspiracy to...

    • Posted July 10, 2013
    • 0
  • MTN Deactivates Unregistered SIM Cards, Airtel To Follow Suit

    FOLLOWING the expiration of the deadline for SIM registration on June 30, MTN has announced that it has deactivated unregistered subscribers as directed by the Nigerian Communications Commission (NCC). In a statement Friday, MTN Nigeria’s Corporate Service...

    • Posted July 10, 2013
    • 0
  • Reps investigate Union Bank MD, Osibodu

    The House of Representatives yesterday set up a panel to investigate fraud allegations against the Managing Director of Union Bank of Nigeria, Mrs. Funke Osibodu. Hon. Akpan Micah Umoh (PDP-Akwa Ibom) moved the motion which led to...

    • Posted July 10, 2013
    • 0
  • Again, Diamond Bank sacks over 100 workers

    Diamond Bank Plc yesterday relieved over 100 of its staff their jobs, for not measuring up to the Bank’s measuring standard. National Mirror was told that those affected, which included those that have spent over five years...

    • Posted July 10, 2013
    • 0
  • Chinese firm to complete four airports in 2015

    The China Civil Engineering Construction Corporation has pledged to deliver the four international airport terminals it will be constructing in Nigeria in 20 months time. The airport terminals will be located in Lagos, Abuja, Kano and Port...

    • Posted July 10, 2013
    • 1
  • FCT Area Councils share N2.2bn revenue, excess crude

    The Federal Capital Territory Area Councils Joint Account Allocation Committee (JAAC) on Tuesday distributed N2,213,498,696.45 among the six area councils and other stakeholders in the FCT being revenue that accrued for the month of May 2013. The...

    • Posted July 10, 2013
    • 0
  • Bauchi Government secures $18million World Bank intervention fund to tackle unemployment

    In Its efforts to tackle unemployment, the Bauchi State Government said it has secured a World Bank intervention programme at the cost of 18m dollars to address the problem of unemployment in the state. The Commissioner for...

    • Posted July 10, 2013
    • 0
  • Electricity consumers, NERC disagree on fixed charge increase

    Electricity consumers on Monday complained about the increase in the fixed charges. While some described the development as unnecessary, others called for stable power supply before any increase in charges could be implemented. However, the Nigerian Electricity...

    • Posted July 10, 2013
    • 0
  • PPPRA laments domination of Nigeria’s freight sector by foreigners

    The Petroleum Products Pricing Regulatory Agency, PPPRA, has expressed dissatisfaction over foreign ship owners’ domination of Nigeria’s oil maritime and petroleum products freight services. Speaking at the inauguration of two double hulled oil vessels — MT Adeline...

    • Posted July 10, 2013
    • 0
  • Labour issues still unresolved in PHCN privatisation

    The National Union of Electricity Employees, NUEE, has refuted claims by the Minister of Power, Prof. Chinedu Nebo that labour issues with the Power Holding Company of Nigeria, PHCN workers has been resolved. The minister was quoted...

    • Posted July 10, 2013
    • 0
  • Nigeria risks losing Africa’s biggest oil producer status

    Nigeria is on the verge of losing its prestigious ‘Africa’s biggest oil producer’ as Angola drew level with it in May, with daily oil production at 1.97 million barrels per day. Angola also sold its first gas...

    • Posted July 10, 2013
    • 0
  • Chevron invests $4bn in Nigeria

    Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012. In a statement announcing the launch of its 2012 Corporate Social Responsibility Report, the General...

    • Posted July 10, 2013
    • 0