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  • FAAC shares N518.389bn amid Minister, Commissioners row

    After several days of inconclusive deliberations, the Federation Accounts and Allocation Committee (FAAC) eventually shared  N518.389billion to the three tiers of government for the month of March. The meeting had been delayed following the absence of the...

    • Posted April 14, 2013
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  • FG, states share N731.13bn from federation account

    The Federation Account Allocation Committee on Friday night allocated the sum of N731.13bn among the three tiers of government for the Month of March. The March allocation represents a decline of N1.49bn over the N729.64bn shared by...

    • Posted April 14, 2013
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  • Passengers lambast critics of airport remodelling

    Air passengers and airline operators have lambasted critics of airport remodelling currently be undertaken by the Aviation Minister, Princes Stella Oduah, and said the exercise has made passenger movement easy and comfortable. Some of the passengers said...

    • Posted April 14, 2013
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  • Transparency International denies ‘Transparency in Nigeria’

    Transparency International, a global body against corruption, has denied that Transparency in Nigeria, TIN, is affiliated to it. This is the second time in two years that the body is issuing such rebuttal. Established in 1994, TIN...

    • Posted April 13, 2013
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  • Independent marketer blames NNPC for kerosene scarcity

    An authoritative source has said that kerosene was scarce in the country because the Nigerian National Petroleum Corporation (NNPC) was the sole importer of the product. The source, a notable independent marketer of petroleum products, who, however,...

    • Posted April 13, 2013
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  • FG empowers 300 ex-militants with SME kits

    The Federal Government, through the Niger Delta Amnesty Programme, yesterday in Lagos, empowered about 300 ex-Niger Delta militants, who benefited from the various skill acquisition programmes of the Amnesty office. The beneficiaries were given equipments necessary for...

    • Posted April 13, 2013
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  • Next phase of cashless policy slated for July

    The next phase of the cashless policy will start in July, with the Federal Capital Territory, Abia, Rivers, Anambra, Kano and Ogun states coming on board. The Chief Executive Officer, Electronic Payment Providers Association of Nigeria, Mrs....

    • Posted April 13, 2013
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  • 2013 budget: Lagos records 61% first quarter performance

    Governor Babatunde Fashola of Lagos state yesterday said the state had recorded 61 percent budget performance in the first quarter of the 2013 budget implementation. It will be recalled that the 2013 budget for the state tagged;...

    • Posted April 13, 2013
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  • Facebook founder, Mark Zuckerberg, to speak at Nigeria Youth Summit in May

    The founder of Facebook, one of the most popular social network platforms, Mark Zuckerberg, is billed to visit Akwa Ibom State next month. Zuckerberg is one of the guest speakers invited for a youth economic summit organized...

    • Posted April 13, 2013
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  • NCC lifts ban on promotions on Airtel, Globacom, Etisalat

    The Nigerian Communications Commission (NCC) has lifted the ban placed on promotions on Airtel, Globacom and Etisalat networks, Mr Tony Ojobo, the NCC Director of Public Affairs, has said. He told the News Agency of Nigeria (NAN)...

    • Posted April 12, 2013
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  • Banks defrauded customers of N6b in 2012 – Sanusi

    Central Bank of Nigeria (CBN) said it has recovered over N6 billion for customers that were cheated by banks in the last one year. CBN Governor, Sanusi Lamido Sanusi, who disclosed this on Thursday, said the feat...

    • Posted April 12, 2013
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  • Fuel scarcity looms in Lagos, other states

    A major fuel shortage is imminent in the country as a result of the inability of the Nigerian National Petroleum Corporation, NNPC, to pump the product to five depots. This was attributed to the breakdown of system...

    • Posted April 12, 2013
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  • Power transmission: FG requests Poland’s help

    The Federal Government has asked Poland to assist in the development of the weak electricity transmission lines in Nigeria. The Minister of Power, Prof. Chinedu Nebo, said the government was interested in Polish expertise in the areas...

    • Posted April 12, 2013
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  • Nigeria loses N3.76bn to foreign domain names’ usage

    In the last five years, the country has lost about N3.76bn to the continuous patronage of foreign domain names by Nigerians living. This figure is expected to more than double in the next five years if the...

    • Posted April 12, 2013
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