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  • Effective e-payment system critical to banking services – Sanusi

    Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, CON, has maintained that effective e-payment system was critical to banking services in the country. Speaking in Lagos during the  keynote address at the CBN/Gartner...

    • Posted May 24, 2013
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  • FG releases N200bn for second quarter; power sector gets largest share

    The Federal Ministry of Finance on Thursday released the sum of N200 billion for the second quarter of the fiscal year. This it said was to ensure progress in the execution of capital projects captured in the...

    • Posted May 24, 2013
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  • FEC approves construction of two dams in Karshi

    Federal Executive Council (FEC) has approved the construction of two dams in Karshi area of Abuja. Olajumoke Akinjide, Minister of State for Federal Capital Territory (FCT), gave the hint while addressing Ebele Okeke, Water Sanitation and Hygiene...

    • Posted May 23, 2013
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  • FG commissions Kaduna refinery access road

    Federal Government today, Thursday commissioned the newly Kaduna Refinery Access road, in Kaduna state. Bashir Yuguda, Minister of State for Works, who performed the ceremony reiterated the present administration’s commitment towards provision and upgrading of critical road...

    • Posted May 23, 2013
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  • FG offers 100% repatriation of profits to foreign investors

    Federal Government today, Thursday, rolled out robust incentives for foreign investors who are willing to invest in the country, according to Vice President Namadi Sambo. Other incentives include 100 percent repatriation of profits, 140 percent capital allowance...

    • Posted May 23, 2013
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  • Reps fault NNPC over non-payment of N142billion

    Members of the House of Representatives today, Thursday, expressed displeasure over the failure of Nigerian National Petroleum Corporation ((NNPC) to remit the sum of N142 billion to the Consolidated Revenue Fund (CRF) as provided by the law....

    • Posted May 23, 2013
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  • FAAN evacuates abandoned aircraft at Abuja airport

    The Federal Airports Authority of Nigeria,FAAN,has embarked on the removal of abandoned aircraft at Nnamdi Azikiwe International Airport, Abuja, DailyPost has gathered. Chris Bature, the General Manager, North Central, FAAN, disclose this in Abuja on Wednesday, affirming...

    • Posted May 23, 2013
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  • Capital market recovers 94.3% of 2008 losses

    If the figures obtained at the close of Wednesday’s equity trading is anything to go by, then the capital market is well on the way to hitting the pre-meltdown peak of 2008. Investigations by our correspondent showed...

    • Posted May 23, 2013
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  • Aviation policy: 20 private jets leave Nigeria

    About 20 private jets registered abroad but flying in Nigeria may have left the country barely one month after the Federal Government unveiled a new policy barring foreign-owned aircraft from staying in the country beyond 15 days,...

    • Posted May 23, 2013
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  • Bank CEOs apologise to Reps for non-appearance

    Nine bank chief executive officers who failed to honour the invitation of the House of Representatives Committee on Finance on May 12, complied with the summon on Wednesday with apologies in Abuja. The bank chiefs, the News Agency...

    • Posted May 23, 2013
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  • 10,000 megawatts to be generated by December – FG

    THE federal government, yesterday, disclosed that plans had been concluded to move from the present position of power generation of 4,500 to 10,000 megawatts by December. Speaking when she appeared before the Senate Committee on Power, Steel...

    • Posted May 23, 2013
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  • Lagos earns N29bn IGR, begs FG to pay N13bn debt

    Lagos State Government,yesterday, said it recorded a monthly revenue increase of N29.0 billion in 2012 as against an average of N18.9 billion in 2008, even as it appealed to the Federal Government to urgently pay N13, 373,...

    • Posted May 23, 2013
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  • Jang tells ANAN to re-examine, re-evaluate accounting Code of Conduct in the country

    The Plateau State Governor, Dr. Jonah Jang has called for the re-examination and re-evaluation of the Code of Conduct of the accounting profession in the country, decrying that most corrupt practices in the country are either perpetrated...

    • Posted May 23, 2013
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  • Dangote to invest $600million in three states for sugar production

    President, Dangote Group of Companies, Alhaji Muhammed Aliko Dangote, has pledged that his company will invest over $600m in the production of sugar in Kwara, Kebbi and Sokoto States. Dangote stated this on Tuesday during a courtesy...

    • Posted May 23, 2013
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