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  • Ogun State Government boosts rice production

    The Ogun State government has supplied and installed two sets of rice processing equipment at Moloko-Asipa in Obafemi Owode Local Government and Ago-Iwoye in Ijebu-North Local Government Areas to boost rice production in the state. Also to...

    • Posted May 18, 2013
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  • Traders send SOS to Amaechi over N500,000 fee for market stores

    TRADERS at the New Layout market in Port Harcourt have appealed to Governor Chibuike Amaechi to reduce the five hundred thousand naira fee they were being asked to pay to secure their stores at the market. While...

    • Posted May 18, 2013
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  • Fidelity Bank records 40% profit in Q1

    Nigeria’s Fidelity Bank said on Friday its first-quarter pretax profit rose 40.42 percent year-on-year to N5.94 billion ($37.62 mln), up from N4.23 billion a year ago, the bank said. Gross earningsat the mid-tier lender rose to N31.43...

    • Posted May 18, 2013
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  • Power generation: Jonathan okays power ministry’s request to source for funds

    The Minister of Power, Prof. Chinedu Nebo, on Thursday in Abuja disclosed that President Goodluck Jonathan has given him the nod to source for funds to maintain the generation and distribution of electricity. Nebo said this when...

    • Posted May 17, 2013
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  • Shell declares force majeure on NLNG gas supply

    Shell Petroleum Development Company Limited, the Nigerian subsidiary of Royal Dutch Shell, has declared a force majeureon gas supplies to the Nigeria LNG after a reported leak led to a pipeline shutdown. A statement released from The Hague...

    • Posted May 17, 2013
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  • 350,000 companies not rendering tax returns – FG

    The Federal Government has decried the practice of tax evasion by many companies operating in the country and that in the last few years; about 350,000 companies have not filed tax returns. Tax returns are forms used...

    • Posted May 17, 2013
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  • Electronic fund transfers set to hit N160billion daily

    The value of electronic funds transfer in the country is likely to hit N160bn per day by the end of the year in the second phase of the cash-less policy, which is planned to commence in July....

    • Posted May 17, 2013
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  • Inflation rose to 9.1% in April – NBS

    The rate of inflation in the country rose to 9.1 per cent in April from 8.6 per cent in March, according to the Consumer Price Index Report released by the National Bureau of Statistics on Thursday. The...

    • Posted May 17, 2013
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  • Government officials welcome probe of private jets

    Top officials of Rivers State Government have  welcomed the call on Nigeria Civil Aviation Authority, NCCA, to produce licences and documentations of all private jets in the country within 48 hours. Some of them who spoke to...

    • Posted May 17, 2013
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  • Governors seek 25% waiver to buy INEC’s data capturing machine

    State governors,yesterday, requested the Independent National Electoral Commission, INEC, to grant them 25 percent discount for the purchase of computers used for capturing data during the registration of voters in 2010. Addressing newsmen at the end of...

    • Posted May 17, 2013
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  • Diamond Bank workers protest

    About 500 contract workers of Diamond Bank Plc on Wednesday protested at the head office of the bank in Lagos over alleged unfair practices and poor working conditions. The contract employees, who were recruited by various vendors...

    • Posted May 16, 2013
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  • NERC to issue code to regulate electricity metering

    The Nigerian Electricity Regulatory Commission on Wednesday announced plans to issue a new standard code to regulate metering of electricity in the country. The commission said a panel had reviewed the proposed metering code and had endorsed...

    • Posted May 16, 2013
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  • Stock Exchange recorded N510.1bn transactions in Q1

    The total value of transactions of listed securities on the Nigerian Stock Exchange stood at N510.1bn at the end of the first quarter, which ended on March 31, 2013. The amount represents an increase of N152bn or...

    • Posted May 16, 2013
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  • LCCI laments state of insecurity

    The Lagos Chamber of Commerce and Industry, LCCI, has lamented the worsening state of insecurity in the country, saying it is already taking a severe toll on investors’ confidence. Speaking at the presentation of the 2013 Lagos...

    • Posted May 16, 2013
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