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  • 98% of federal pensioners are unpaid — FCP

    There appears no respite yet for federal pensioners, as about 98 per cent of them have been reportedly denied monthly stipends for three months. The Lagos State Coordinator, Federal Concerned Pensioners, Mr. David Adodo, stated this in...

    • Posted February 10, 2013
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  • Developing countries lose $40bn to corruption annually – World Bank

    Developing countries in the world lose no less than $40 billion annually to the scourge called corruption, President of the World Bank Group Jim Yong Kim, has disclosed. He made this known during a recent meeting on...

    • Posted February 9, 2013
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  • MRS depot in Apapa now operational

    MRS Oil and Gas on Tuesday said that its depot at Tin-Can in Lagos had resumed operations in compliance with the directive of the Department of Petroleum Resources (DPR). Enoch Kanawa, The Executive Director, Government Policy and...

    • Posted February 9, 2013
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  • Siemens votes $100m for crusade against corruption in Nigeria, others

    TO dust itself of the image of corruption and subsequent sanction by the World Bank, Siemens, one of the leading global business conglomerates has earmarked $100 million for a crusade against corruption in Nigeria and other countries...

    • Posted February 8, 2013
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  • Delta State Government, FG to acquire 6,000 hectares for cassava production

    Misan Ukubeyinje, the Delta Commissioner for Agriculture and Natural Resources says the state and the Federal Government will acquire 6,000 hectares of land to boost cassava production in the state. Ukubeyinje said this on Wednesday in Asaba...

    • Posted February 8, 2013
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  • Aviation amendment bill passes second reading in House of Assembly

    A bill amending the Civil Aviation Act of 2006 on Wednesday in Abuja passed its second reading in the House of Representatives. The bill seeks to prescribe penalties for delays and cancellation of flights by airlines. Leading...

    • Posted February 8, 2013
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  • CBN to resolve grey areas with Micro Finance Banks

    The Central Bank of Nigeria and the National Association of Micro Finance Banks have agreed to set up a technical committee to resolve “Grey Areas’’ in the recapitalisation of micro finance banks. The national president of National...

    • Posted February 8, 2013
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  • FG awards contract for dredging Calabar Port

    The Managing Director, Nigerian Ports Authority (NPA), Habib Abdulahi, said on Thursday that the Federal Government had awarded the contract for the dredging of Calabar Port. Abdulahi gave the information when he paid a courtesy visit to...

    • Posted February 8, 2013
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  • House of the Week: Elegant N250m Five Bedroom Detached House For Sale in Lekki Phase 1

    Our property of the week, is this stunning 5 Bedroom Detached House located at Admiralty Way in Lekki, Lagos. This unique and elegant home, features various modern fixtures and fittings, which make it a beautiful edifice. All...

    • Posted February 8, 2013
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  • Rand Merchant Bank has no plan to list on NSE – MD

    The Group Chief Executive Officer of Rand Merchant Bank, Mr. Alan Pullinger, has said that the bank is not ready to list on the Nigeria Stock Exchange yesterday. Pullinger, who rang the closing bell of the Exchange...

    • Posted February 8, 2013
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  • Mobil Producing Nigeria declares Force Majeure

    Mobil Producing Nigeria, operator of the Nigerian National Petroleum Corporation, (NNPC)/MPN Joint Venture today confirms that it has declared a Force Majeure due to the difficulty in meeting projected liftings because of repair work on a section...

    • Posted February 8, 2013
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  • Nigeria Stock Exchange Watch: ASI sheds 0.7% on profit taking

    Profit taking by some investors halted the seven days of bullish run in the equities segment of the Nigerian Stock Exchange. The NSE All-Share Index fell by 0.72 per cent to close at 33,219.20 points, as against...

    • Posted February 7, 2013
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  • Margaret Ekpo International Airport to be converted to Cargo Airport

    In line with the Aviation Minister’s Cargo Perishable Initiative, the Margaret Ekpo International Airport, Calabar has been designated as one of the nation’s Agro-Perishable cargo airports. This was disclosed by the Director, Cargo Development, Federal Airport Authority...

    • Posted February 7, 2013
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  • FG to begin concessioning of Onitsha Ports in two weeks

    FOUR months after commissioning the project, the Federal Government, through the Infrastructure Concession Regulatory Commission (ICRC), is to begin the process of concessioning the Onitsha River Port to a private individual in the next two weeks. The...

    • Posted February 7, 2013
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