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  • Cash-less policy will stop kidnapping – CBN

    Kidnapping, which has become a menace in Anambra State, is one of the evils that the cash-less policy will eliminate, the Deputy Governor, Central Bank of Nigeria, Mr. Tunde Lemo, said on Thursday in Awka. Lemo, who...

    • Posted June 22, 2013
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  • NAFDAC uncovers illegal cosmetics factory in Lagos

    National Agency for Food and Drug Administration and Control, NAFDAC, Friday uncovered an illegal cosmetics manufacturing factory that specialises in producing fast moving cosmetics, particularly, complexion creams. The factory which was originally licensed by NAFDAC to manufacture...

    • Posted June 22, 2013
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  • Nigeria is a better country for forex trading – Igwe

    The partnership between Mr. Oyeleke Toye of Cyber Konsult Ltd and its foreign partner,  Mr. Ildar Nailevich, gave birth to InstaForex in Nigeria, a forex trading  company aimed at enlightening Nigerians on the techniques and success of...

    • Posted June 22, 2013
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  • Total launches new oil field off Nigeria

    French oil giant Total on Friday said it would begin work on an oil field off the coast of Nigeria, in a rare expansion by a multi-national, which are increasingly parting with assets in Africa’s biggest crude...

    • Posted June 22, 2013
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  • Shell to sell more oil blocks in Nigeria

    Oil giant Shell announced Friday it may sell more of its onshore oil blocks in Nigeria, where theft and sabotage have repeatedly cut into production in Africa’s largest crude producer. The British-Dutch firm, Nigeria’s biggest producer, also...

    • Posted June 21, 2013
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  • NCC decries landing of submarine cable in Lagos

    Mr Eugene Juwah, the Executive Vice Chairman of the Nigerian Communications Commission (NCC) has decried the landing of all submarine cable in Lagos. Speaking at the Information and Communications Technology (ICT) Stakeholders Forum on Thursday in Lagos,...

    • Posted June 21, 2013
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  • We did not order freezing of accounts of religious groups – CBN

    The Central Bank of Nigeria, CBN, on Friday denied reports that it had ordered the freezing of accounts of religious groups over alleged links to terrorist groups. Director, Corporate Communications, Ugochukwu A. Okoroafor, in a statement obtained...

    • Posted June 21, 2013
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  • Arik to acquire N44.5 billion new Bombardier aircraft

    The management of Arik Airline on Thursday, disclosed that the company had signed a contract with Bombardier Aerospace, Canada, for the supply of new aircrafts. Head of Public Communications,Ola Adebanji, who made this known in a press...

    • Posted June 21, 2013
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  • Consumers groan as system collapse worsens power supply

    Electricity consumers have condemned the worsening power situation in the country and blamed the Power Holding Company of Nigeria for gross inefficiency. They lamented that power supply had become poorer in recent times and warned that the...

    • Posted June 21, 2013
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  • Foreign direct investment has increased – Aganga

    Minister of Trade and Investment, Dr Olusegun Aganga, said there was significant increase in foreign direct investment in the economy, adding that the petrochemical sub-sector attracted over $20 billion investments with over $8 billion contribution by the...

    • Posted June 21, 2013
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  • Oil production drops by 150,000 barrels, as Shell shuts Trans Niger Pipeline

    Nigeria faces a serious credit crunch in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to continuing theft and vandalism of crude pipelines. The Shell Petroleum Development Company of...

    • Posted June 21, 2013
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  • FG explains grounding of Kenyan Airline

    THE Federal Airports Authority of Nigeria, FAAN, said, yesterday, that a Kenyan aircraft has been grounded at the Murtala Muhammed International Airport, MMIA, Ikeja, since June 3. The agency said the aircraft violated the country’s security procedures....

    • Posted June 21, 2013
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  • Roads: FG needs N600bn to meet Vision 20:2020 goals

    THE Federal Government will need about N600 billion to build 14,000 kilometres of roads annually to meet Vision 20-2020 goals. Minister of Works, Mike Onolememen, made this known in Abuja yesterday, saying Nigerians spent same amount (N600...

    • Posted June 21, 2013
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  • Airtel partners Nigerian Police to boost security in Lagos

    In line with its corporate vision of becoming the most loved brand in the daily lives of Nigerians, leading telecommunications services provider, Airtel Nigeria, has partnered with the Lagos State Police Command to beef up the security...

    • Posted June 20, 2013
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