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  • IMF urges transparency in fuel subsidy reform

    The International Monetary Fund (IMF) has said that lack of credibility was largely responsible for the failure of the attempted fuel subsidy reform in the country by the Federal Government. The IMF said in its latest report...

    • Posted April 1, 2013
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  • Survey shows 57% of Nigerians still buy petrol above N97 per litre

    Fifty-seven percent of Nigerians have bought petrol within a range of N100 to N130 per litre, significantly above the official price of N97, the quarterly results of a recent survey by NOI Polls from January to March...

    • Posted April 1, 2013
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  • World Bank to spend N785billion on projects in Nigeria

    The World Bank has announced its plans to spend $5 billion (about N785 billion) on 27 projects across Nigeria in the next five years. Also, the African Development Bank (AfDB) has also agreed to provide two sovereign...

    • Posted April 1, 2013
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  • Private jet owners to fly without operators’ certificate

    The Federal Government is coming up with a new policy that will allow private jet owners to fly without Air Operators Certificate. SUNDAY PUNCH leanrt that the new general aviation policy being put together by the Ministry of...

    • Posted March 31, 2013
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  • Telecoms operators may reject new interconnect rates

    There are indications that telecommunication operators may reject the new set of interconnection rates released by the Nigerian Communications Commission last week. The new interconnection rates for voice services are targeted at bringing down call tariffs. The...

    • Posted March 31, 2013
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  • Oil Blocs: Why Jonathan must step on toes – Ayemi-Botu, N-Delta monarch

    PARAMOUNT ruler of Siembiri Kingdom in Delta State, Pere Charles Ayemi-Botu, aka Lion of the Niger, is one-time national chairman of the Traditional Rulers of Oil Mineral Producing Communities of Nigeria, TROMPCON. He had once called on President Goodluck Jonathan...

    • Posted March 31, 2013
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  • PEFMB re-sounds end to manual payment of petroleum marketers

    The Petroleum Equalisation Fund Management Board (PEFMB) says the Federal Government has stopped the manual payment of transportation claims to petroleum products marketers in the country. The General Manager (Corporate Services) of the board, Mr Goddy Nnadi,...

    • Posted March 30, 2013
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  • Ogun partners NEDEP to create 5,000 jobs

    The Ogun State Government is partnering with the National Enterprise Development Programme to drive inclusive economic growth through skills training and development, job creation and wealth generation. The state Commissioner for Commerce and Industry, Otunba Bimbo Ashiru,...

    • Posted March 30, 2013
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  • FG targets 13,000 farmers for empowerment in Abia

    The Federal Government is targeting 13,029 farm families for various support schemes in 2013, the Minister of Agriculture , Dr Adesina Akinwumi, has said. Akinwumi said this on Thursday in Ohafia during the inauguration of Abia North...

    • Posted March 30, 2013
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  • PENGASSAN President implores FG to grant incentives to owners of private refineries

    Mr Babatunde Ogun, President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Thursday called on the Federal Government to grant incentives to owners of private refineries. Ogun made the call at an interactive session...

    • Posted March 30, 2013
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  • Dana Motors launches all-new Kia Quoris

    Dana Motors Limited, the sole distributors of Kia Motors in Nigeria, has launched the all-new flagship sedan – Kia Quoris – into the Nigerian auto market. The car was introduced to the Nigerian public in a glittering ceremony...

    • Posted March 29, 2013
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  • CBN reviews bank charges, to phase out COT by 2016

    Nine years after, the Central Bank of Nigeria (CBN), on Thursday published a revised guide to bank charges first issued in 2004 to provide standard application of charges in the industry, while minimizing bank-customer conflicts. The review...

    • Posted March 29, 2013
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  • Nigeria loses $6billion to oil theft yearly

    National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association (PENGASSAN), under the aegis of NUPENGASSAN lamented on Thursday that Nigeria is presently losing over $6 billion yearly to crude...

    • Posted March 29, 2013
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  • NDIC begins liquidation of failed mortgage institutions

    The Nigeria Deposit Insurance Corporation (NDIC) said on Thursday it had liquidated the assets of seven Primary Mortgage Institutions (PMI) considered not viable. Its Managing Director, Umaru Ibrahim, announced this at a meeting with the board and...

    • Posted March 29, 2013
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