Don't Miss


Latest News

  • FG has signed $51.8bn MoU for construction of 10 new refineries – Allison-Madueke

    Diezani Allison-Madueke, Minister of Petroleum Resources disclosed that Federal Government has signed $51.8 billion or N8.1 trillion worth of Memorandum of Understanding (MoU) with various local and international investors between 2011 and 2012 for the construction of...

    • Posted May 10, 2013
    • 0
  • Federal revenue falls by 2.4% to N2.4trillion in Q1

    The total federally-collected revenue in the first quarter of 2013 dropped by 2.4 per cent to N2.425 trillion from the previous quarter. This was contained in a report of the Central Bank of Nigeria on economic activities...

    • Posted May 10, 2013
    • 0
  • Shell says crude oil theft is reducing

    Nigerian unit of Anglo-Dutch oil giant, Shell, has admitted that the spate of crude oil theft from its facilities in the Niger Delta is reducing, a development he attributed to the surveillance of the Joint Task Force,...

    • Posted May 10, 2013
    • 0
  • Reps to turn down proposed amendments to 2013 budget

    There are indications that the House of Representatives may turn down proposed amendments to the 2013 budget sent by President Goodluck Jonathan. Briefing journalists in Abuja, chairman of the House Committee on media and publicity, Representative Zakari...

    • Posted May 10, 2013
    • 0
  • Foreign trade: FG to change from FOB to CIF

    Federal Government is set to change its trade policy from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use because of its economic benefits, before the end...

    • Posted May 10, 2013
    • 0
  • Canada signs Investment Protection Treaty with Nigeria

    The Canadian High Commissioner, Mr. Chris Cooter has described the recent Canada-Nigeria investment forum as a spring board for bigger economic opportunities for both countries. Energy and health are some of the sectors among others where strong...

    • Posted May 10, 2013
    • 0
  • FCTA to relocate NTA headquarters to befitting location – Minister

    Federal Capital Territory Administration (FCTA), today, Thursday, unveiled plans to relocate the headquarters of the Nigerian Television Authority (NTA) to a prime; suitable and befitting plot of land within the nation’s capital city. Bala Mohammed, FCT Minister...

    • Posted May 9, 2013
    • 0
  • Flood prevention: NOA’s initiative gets NEMA’s nod

    The National Emergency Management Agency (NEMA) is the latest stakeholder to endorse the National Orientation Agency (NOA)’s initiative aimed at imbibing a set of new refuse management behavior to mitigate occurrence of flood disaster in the country....

    • Posted May 9, 2013
    • 0
  • New industrial plan to encourage greater foreign investment in Nigeria is coming – Jonathan

    President GoodlucK Jonathan has said that the Federal Government is working on a national industrial revolution plan to further encourage investors and local production. President Jonathan was speaking to a delegation of Nissan South Africa in Cape...

    • Posted May 9, 2013
    • 0
  • NIMASA: Reps to probe N40bn Cabotage fund lodged in commercial banks

    House of Representatives today, Wednesday, unveiled plan to probe over N40 billion Cabotage Vessel Financing Fund (CVFF ), allegedly trapped in some commercial banks. The adhoc committee was mandated to determine the total amount that had been...

    • Posted May 9, 2013
    • 0
  • Manchester United share price down 1.76% after Sir Alex Ferguson retirement

    Manchester United’s share price on the New York Stock Exchange closed at $18.44 after a day of fluctuation following Sir Alex Ferguson’s announcement that he will retire at the end of the season. Trading opened in...

    • Posted May 9, 2013
    • 0
  • Drop in crude oil production worrisome – NUPENG

    The Nigeria Union of Petroleum and Natural Gas Workers on Wednesday said the drop in crude oil production since the first quarter of the year was worrisome. It also advised the Federal Government to install monitoring sensors...

    • Posted May 9, 2013
    • 0
  • FG targets $10bn annual investment in power sector

    President Goodluck Jonathan said Wednesday in Cape Town, South Africa that following the total privatisation of power generation and distribution in the country, his administration expected an annual private sector investment of about $10bn in the sector...

    • Posted May 9, 2013
    • 0
  • Pre-registered SIMs: NCC fines GSM firms N53.8m

    The Nigerian Communications Commission on Wednesday announced the imposition of N53.8m fines on four mobile telecommunication operators for contravening the rules on registration of Subscriber Identification Module cards in the country. A statement issued in Abuja by...

    • Posted May 9, 2013
    • 0