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  • FBN Holdings grows profit, pays N1 dividend

    First Bank of Nigeria Holdings Plc on Tuesday announced a profit before tax of N92.7 billion for the financial year ended Dec.31, 2012. In a press statement issued in Lagos, the company said the profit before tax...

    • Posted May 2, 2013
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  • Army destroys 50 illegal refineries in Delta, arrests two

    The Nigerian army, on Wednesday, continued its drive to rid the nation of all illegal refineries, DailyPost has gathered. In a raid carried out by officers and men of the 3 Battalion, Nigerian Army, Effurun, Delta State,...

    • Posted May 2, 2013
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  • Imoke donates land, cars to Labour Unions

    The Cross River state Governor, Liyel Imoke on Wednesday donated a land for the construction of a Nigeria Labour Congress secretariat in the state as well as two pick up vans and a bus. The governor while...

    • Posted May 2, 2013
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  • Google confirms online advertising growth in Nigeria

    SEARCH giant, Google Nigeria, has confirmed huge growth in online businesses and advertisement in the country, stressing that more opportunities still lie ahead. According to Google, its new initiative – the Adwords is helping advertisers save lots...

    • Posted May 2, 2013
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  • Military pensioners give FG Monday deadline to pay arrears

    NATIONAL President of  National Association of Military Pensioners, Mr. Benson Eromafuru, yesterday, gave the Federal Government, till May 6, to pay the pension arrears of its members, those of the police and their civilian counterparts. Eromafuru, in...

    • Posted May 2, 2013
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  • FG approves N348bn severance pay for PHCN staff

    Minister of Power, Prof. Chinedu Nebo, yesterday, has said that the Federal Government has approved N348 billion as severance package for Power Holding Company of Nigeria, PHCN, staff. Nebo said this at a briefing in Abuja, adding...

    • Posted May 2, 2013
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  • Pipeline protection contracts: Jonathan is rewarding terrorism in Niger Delta – Mohammed

    Elder statesman and Second Republic lawmaker, Dr. Junaid Mohammed,Wednesday took on President Goodluck Jonathan for allegedly awarding multi-million Naira pipeline protection contracts to the Niger Delta militants of Ijaw extraction. He described the action as illegal and...

    • Posted May 2, 2013
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  • Globacom signs $500m network expansion agreement with ZTE

    Nigeria’s telecommunications giant, Globacom has taken its network expansion project a notch higher, as it signed a $500 million network modernization and expansion contract with leading telecom vendors, ZTE Corporation. The Company had last Friday signed a...

    • Posted May 2, 2013
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  • Enugu workers urge government to revamp moribund industries

    Enugu State workers, Wednesday, called on the state government to reactivate some its industries that have gone moribund. The workers, who made the appeal at the Michael Okpara Square during the Workers’ Day celebration also called for...

    • Posted May 1, 2013
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  • Airtel creates borderless network, crashes communication charges

    Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, has introduced the ONE AIRTEL service, which will further ease the burden of roaming costs whilst travelling. The newly-introduced service...

    • Posted May 1, 2013
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  • Nigeria, EU sign N18bn financing agreements

    The European Union on Tuesday signed €89m (about N18bn) financial agreements with the Federal Government to support the country’s health and water programmes as well economic growth. The Secretary, National Planning Commission, Mr. Fidelis Ugbo, signed the...

    • Posted May 1, 2013
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  • FG misappropriated N1.5tn in Special Funds Accounts –Senate

    The Senate on Tuesday considered the report of its Committee on Public Accounts, which detailed how the sum of N1.51tn in the Special Funds Accounts mismanaged by the Federal Government between 2002 and 2012, concluding that poor...

    • Posted May 1, 2013
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  • Reps probe banks, courts over funds of dead Nigerians

    THE House of Representatives, yesterday, passed a resolution to probe delays usually encountered by relatives of deceased Nigerians while attempting  to have access to the funds of their departed loved ones. In order to enable the House...

    • Posted May 1, 2013
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  • Infrastructure Bank to invest N400billion in Lagos rail project

    Vice Chairman, Infrastructure Bank, Mr Jonan Kruger, yesterday, disclosed that the Lagos light rail project from Marina, through Iddo to Agbado, would cost about N400 billion. The project, tagged ‘Redline Light Rail Project’, would be funded by...

    • Posted May 1, 2013
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