Latest News
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UNN, UNESCO science fair opens today
In furtherance of its pursuit for excellence, the University of Nigeria Nsukka, UNN, in collaboration with UNESCO, the Abdus Salam International Centre for Theoretical Physics,ICTP, Engineers Without Borders,EWB, and the International Union of Pure and Applied Chemistry,IUPAC,...
- Posted June 17, 2013
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SMEDAN creates new programme for 5million jobs
The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, has disclosed plan to create five million new jobs through its National Enterprises Development Programme, NEDEP, before 2015. Director-General of the agency, Alhaji Bature Masari, while speaking...
- Posted June 17, 2013
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Reps order arrest of 1,652 Express Bank’s customers
Public Accounts Committee, PAC, of the House of Representatives has ordered the Economic and Financial Crimes Commission, EFCC, to arrest 1,652 Express Bank’s customers over N12.293 billion debt. Vanguard reliably gathered that the order, contained in a...
- Posted June 17, 2013
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Deloitte increases investment in Nigeria
As a demonstration of its commitment to the Nigerian and African market, Deloitte, one of the leading professional services firms in the world, has announced the formation of an integrated practice across Africa with Nigeria playing a...
- Posted June 17, 2013
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FBN Holdings projects 20% return on average equity for 2013
FBN Holdings Plc has projected a 20 per cent returns on average equity for the financial year 2013, even as it pledged superior returns to all stakeholders. The company also disclosed that it has completed its holding...
- Posted June 17, 2013
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FMBN targets $2.5bn diaspora money for housing sector
Federal Mortgage Bank of Nigeria (FMBN) is targeting an inflow of up to $2.5 billion diaspora money into the Nigerian housing sector, by introducing products that will encourage Nigerians living abroad own houses in the country. This...
- Posted June 17, 2013
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Police pensioners task Okiro on pension funds
RETIRED police officers in the country have commended the appointment of former Inspector General of Police, Mr. Mike Okiro, as the new chairman of Police Service Commission and charged him to prevail on the National Assembly to...
- Posted June 17, 2013
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NRC plans to increase Lagos-Kano train to three
There are indications that the weekly Lagos-Kano train shuttle will soon be increased from one to three. Chairman, Nigerian Railway Corporation, Alhaji Kawu Baraje, dropped the hint in Lagos during a recent special train ride as part...
- Posted June 16, 2013
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External reserves stagnant at N48bn
The external reserves have remained stagnant at N48bn for over three months, an investigation by our correspondent has shown. It was learnt on Friday that the swing in the external reserves was as a result of the...
- Posted June 16, 2013
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World Bank Supports FG With $500m To Combat Erosion
The Federal Government said it had received World Bank’s commitment of $500 million to support its efforts at addressing the erosion in Nanka and Agulu communities in Anambra State. The World Bank support is coming as the...
- Posted June 16, 2013
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GE breaks ground for $250m manufacturing and assembly plant in Calabar
Following its announcement last year that it intends to invest $1 billion in Nigeria, General Electric (GE) has scheduled the groundbreaking for its $250 million manufacturing and assembly plant for Tuesday in Calabar. The ceremony will be...
- Posted June 16, 2013
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Lagos power projects receives boost with transformer plant
The quest of the Lagos State Government to ensure stable electricity for the residents through Independent Power projects (IPP) has been advanced with the commissioning of a transformer manufacturing plant in the state. This landmark achievement by...
- Posted June 15, 2013
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Ministry of Finance freezes MDAs accounts
A PERIOD of reckoning is here for all Federal Government’s Ministries, Departments and Agencies ( MDAs) which have been generating revenues and diverting them instead of remitting them into the Federal Government’s Consolidated Revenue Fund ( CRF)...
- Posted June 15, 2013
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Arik Air celebrates Emir of Kano’s 50 years on throne, slashes air fares
One of Nigeria’s largest airlines, Arik Air, has introduced a special promo fare to celebrate the Golden Jubilee (50 years) of His Royal Highness, Alhaji Ado Bayero, on the throne as the Emir of Kano. The promo...
- Posted June 15, 2013