Latest News

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  Fashola’s 89% budget performance bogus – PDP

  The Lagos State chapter of the Peoples Democratic Party (PDP) has described the claims by the Babatunde Fashola-led Action Congress of Nigeria (ACN) government that it achieved 89 per cent budget performance in 2012 as bogus and...

  • Posted February 18, 2013
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  Globacom introduces new pocket-friendly tariff plans

  Globacom has introduced five new subscriber friendly tariff plans targeted at its prepaid customers. The telecom company said the new plans, Hi-Flyer and Talkfree have been introduced to address the needs of high value voice and data...

  • Posted February 18, 2013
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  Why Bellview, ADC, Sosoliso crashed – AIB

  Bad weather conditions, faulty or poorly maintained aircrafts and the failure of pilots to adhere to safety instructions were key factors responsible for the various air crashes and accidents which rocked Nigeria in the very recent years,...

  • Posted February 18, 2013
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  Indigenous firms call for higher allocation on crude lifting

  Firms involved in the sales of the nation’s crude oil have demanded that the Federal Government increase the allocations granted to them, as a way of encouraging local capacity. The local oil firms, have appealed to the...

  • Posted February 18, 2013
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  SMEDAN, IOM seek closer tie on SMEs development

  The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), and the Swiss Government-backed International Organisation for Migration (IOM) have fortified their existing collaboration by signing a Memorandum of Understanding (MOU) for the rehabilitation of Assisted Voluntary...

  • Posted February 17, 2013
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  Debt Management Office offers N105bn worth of bonds

  The Debt Management Office (DMO) has issued three tranches of Federal Government’s bonds totalling N105 billion to investors. The bonds have tenors of between five and 20 years. In its February bond auction summary posted on its...

  • Posted February 17, 2013
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  Apapa terminal gets satellite container system

  Port terminal operator, APM Terminals Apapa Limited, has introduced satellite-based container location system capable of ensuring 99.5 per cent accuracy of container location and inventory in the terminal yard to aid prompt service delivery at the port....

  • Posted February 17, 2013
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  Indorama sets to build Africa’s largest fertiliser plant in Eleme

  The management of Indorama Eleme Petrochemicals Limited had affirmed on Friday that all plans have been concluded towards setting up one of Africa’s largest fertiliser plants in Eleme, Rivers State. Disclosing this during a visit by the...

  • Posted February 16, 2013
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  Stocks turnover drop by 25.06% on bearish trading

  The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 25.06% with 529.53 million shares worth N4.61 billion traded in 6,554 deals. This was against a total of 706.48 million shares valued...

  • Posted February 16, 2013
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  Fall in corporate tax brings down non-oil receipts by 30%

  Non-oil receipts of N589.98 billion fell below the proportionate budget estimate by 22.8 percent in the fourth quarter of 2012 and the receipts in the preceding quarter by 30.3 percent, the Central Bank of Nigeria (CBN) has...

  • Posted February 16, 2013
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  FG promises steady power supply across the country

  The Minister of Information, Mr Labaran Maku, on Friday reiterated the Federal Government’s determination to improve power supply in the country. Maku gave the reassurance at Ebocha, Ogba/Egbema/Ndoni Local Government Area of Rivers as part of the...

  • Posted February 16, 2013
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  Group applauds PPMC over subsidised kerosene price

  A group, Concerned Deltans for Less Privileged, has commended the Managing Director of the Products and Pipeline Marketers Company, PPMC, Prince Haruna Momoh for approving two trucks of kerosene at subsidized rate for some communities ravaged by the...

  • Posted February 16, 2013
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• First Bank introduces new product for MasterCard users

  First Bank of Nigeria Limited has introduced a new card product that gives customers the freedom to design their debit naira MasterCard with favourite pictures. The bank said during the First Bank Expression Cards Campus Storm at...

  • Posted February 15, 2013
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  Aero Airlines staff arraigned over N64m ticket fraud

  Some staff of Aero Airlines were yesterday arraigned before the Magistrate at the Murtala Mohammed Airport (MMA), Lagos domestic wing for engaging in ticket racketeering against the airline to the tune of N64m. A source close to...

  • Posted February 15, 2013
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