Latest News

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  AMCON extends repayment period for N1.5trillion debt

  The Asset Management Corporation of Nigeria has restructured a total of N1.5tn loans as part of efforts to recover debts owed it by corporate organisations, our correspondent has gathered. The amount represents an increase of N500bn and...

  • Posted February 20, 2013
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  Lagos State to close down Ladipo market indefinitely

  Lagos State Government has said it will shut Ladipo Market in Mushin Local Government indefinitely because of the degradation of the environment by the traders. Commissioner for the Environment, Mr. Tunji Bello, said on Tuesday that arrangement...

  • Posted February 20, 2013
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  NIMC workers shut down National Assembly Complex

  Hundreds of sacked workers of National Identity Management Commission (NIMC) at the early hours of today barricaded the main entrance of the National Assembly complex, to protest against the resolution of the House of Representation in approval...

  • Posted February 20, 2013
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  Power sector: New owners to take possession of assets June 2013

  The newly preferred bidders in the Federal Government’s privatised power sector are expected to take possession of assets by June, 2013. A member, National Council on Privatization, NCP, and Chairman, NCP’s Technical Committee, Mr. Atedo Peterside revealed...

  • Posted February 20, 2013
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  Pension scam: Reps back Senate over Maina’s sacking

  MEMBERS of the House of Representatives, yesterday, rose in support of the earlier call by the Senate to sack Chairman of the Pension Reform Task Force Team, Mr Abdulrasheed Maina. This came as the Speaker, Hon Aminu...

  • Posted February 20, 2013
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  Telecoms infratructure needs special protection – NCC

  Against the backdrop of the heat constantly generated by poor quality of telecoms services in the country, the telecoms operators and the government have been collaborating on ways to put an end to the unfortunate development. The...

  • Posted February 20, 2013
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  Nigeria needs N350bn yearly to provide stable water – Jonathan

  President Goodluck Jonathan had disclosed on Monday that Nigeria needs about N350 billion yearly to tackle its water and sanitation challenges, adding that lack of portable water for rural and sub-urban dwellers could no longer be tolerated....

  • Posted February 19, 2013
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  World Bank team gives high marks to Fadama III project in Cross River

  The World Bank Task Team in Uyanga, Cross River, has said that the Fadama III Project implementation in the state is far ahead of other states in Nigeria. The team Leader, Dr Abimbola Adubi, said this after...

  • Posted February 19, 2013
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• Toyota retains leading position in Nigerian market

  DESPITE the tough times, Toyota Nigeria Limited, last year maintained the number one position on the imported vehicle chart with a total of 19,755 vehicles. The figure represents 40.7 per cent of the total new vehicles imported...

  • Posted February 19, 2013
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  Power: Domestic obligation stalls FID on gas export

  Focus on meeting domestic gas obligations is one of the reasons the Federal Government is unable to fast track the taking of final investment decisions, FID, on major gas export projects. For years government has dilly dallied...

  • Posted February 19, 2013
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  Fuel Subsidy Scam: Court orders IG, others to pay Ubah N10million

  The Federal High Court in Lagos has awarded N10 million in favour of Capital Oil & Gas and its Chief Executive Officer, Mr Ifeanyi Ubah. The sum was awarded as damages against the Inspector General Of Police,...

  • Posted February 18, 2013
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  Dangote seeks improved investment profile for Africa

  The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote has urged developed countries to promote investments in Africa rather than providing aids for the continent, arguing that through investment in the real sector the region...

  • Posted February 18, 2013
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• Insurance firms list benefits in investment-linked cover

  N an effort to bring the benefits of insurance to the door steps of majority of Nigerians, underwriting companies have brought out a number of investment-linked products to promote insurance and saving culture of the people. For...

  • Posted February 18, 2013
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  Governor, Minister disagree publicly on supply of computers to schools

  Computers were supplied. No, they weren’t. Thus the drama played out, Saturday, during the National Good Governance Tour of Rivers State, as Minister of Information, Mr. Labaran Maku, and State Governor, Rotimi Amechi, disagreed on whether the...

  • Posted February 18, 2013
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