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  • Etisalat to raise $500m from local banks for expansion

    Speaking at the Reuters Africa Investment Summit yesterday, the Commercial Officer of Etisalat, Wael Ammar, disclosed that the Telecoms company will raise $500 million in debt from National banks to enable it improve on network coverage across...

    • Posted April 12, 2013
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  • Fuel shortage imminent as NNPC stops loading of product in South-West

    Petrol shortage may be imminent in some states as trucks have stopped loading from the Nigerian National Petroleum Corporation,NNPC, depots in the South-West since Monday. A reliable source told the News Agency of Nigeria in Lagos, yesterday,...

    • Posted April 12, 2013
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  • Nigeria needs N360billion to provide potable water to the country – Minister

    The Minister of Water Resources, Sarah Ochekpe had on Thursday stated that an estimated N360 billion would be required for Nigerians to begin to enjoy potable water from now till 2015. Ochepke however told the party that...

    • Posted April 12, 2013
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  • Banks to appoint 30% women board members – Sanusi

    Banks in the country would be required to appoint at least 30 per cent female board members and 40 per cent management staff, as from next year, the Governor of the Central Bank, Mallam Sanusi Lamido Sanusi,...

    • Posted April 12, 2013
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  • House of the Week: A gorgeous N250m five bedroom house for sale in Ikeja

    Our property of the week is this gorgeous and exquisitely finished 5 Bedroom House located at Ikeja in Lagos. With luxury attributes like a swimming pool and well fitted kitchen, this home is certainly a delightful modern...

    • Posted April 12, 2013
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  • Abia state introduces new methods to improve internal revenue

    UMUAHIA- To improve its internally generated revenue and abolish double taxation, Abia state Government has introduced a revenue generating method known as Consolidated Assets and Resources Inventory System . The system entails the enumeration of all buildings...

    • Posted April 11, 2013
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  • NEMA to establish emergency media centre

    The National Emergency Management Agency,NEMA, is working towards the establishment of National Emergency Information Centre, NEIC, for timely response to media enquiries on disasters and emergency occurrences in Nigeria. The Head of Public Relations of the agency,...

    • Posted April 11, 2013
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  • NSE’s market capitalisation slides further by N136bn

    Transaction on the trading floor of the Nigerian Stock Exchange continued on a downward note yesterday, as more bluechip companies join the league of losers, resulting to a further slide in market capitalization by N136 billion.. Specifically,...

    • Posted April 11, 2013
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  • Shareholders delay kick-off of NLNG’s Train Seven project

    NIGERIA Liquified Natural Gas Limited (NLNG) has attributed the delay in the kick-off of Train-Seven LNG project to the inability of the company’s shareholders to take the Final Investment Decision (FID). According to the company in its...

    • Posted April 11, 2013
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  • FG approves N2.11b for voters’ cards

    Federal Government on Wednesday approved N2.117 billion to facilitate the second phase production of additional 33.5 million permanent voters’ cards for the 2015 general elections. A breakdown shows that each card would be produced at the cost...

    • Posted April 11, 2013
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  • GTB Unveils Facebook Banking Platform

    Guaranty Trust Bank Plc (GTBank) Wednesday launched a social banking platform, which allows customers to meet their banking needs on Facebook. The new offering which is the first of its kind by any Nigerian bank allows members...

    • Posted April 11, 2013
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  • Polish firm to establish foam plant in Kaduna

    Foreign investment drive of the administration of Governor Mukhtar Ramalan Yero received a boost Wednesday, as Poland has agreed to build a $2 million foam making factory in Kaduna State. Speaking with journalists after a meeting with...

    • Posted April 11, 2013
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  • MTN assures subscribers of its readiness for number porting

    Ahead of the planned commencement of mobile number portability (MNP) in Nigeria, as stated by the Nigerian Communications Commission (NCC), MTN Nigeria has again expressed its readiness to implement number porting in consonance with the policy of...

    • Posted April 11, 2013
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  • Nigeria loses 1,112MW to Chevron gas plant shutdown

    Nigeria’s minister of power, Prof Chinedu Nebo, yesterday disclosed that the country had lost a total of 1,112MW power supply to the ongoing maintenance work in the sector. This revelation is contrary to the previous announcement by...

    • Posted April 11, 2013
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