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  • FERMA petition FG to release 5% fuel tax to fix roads

    The Federal Road Maintenance Agency,FERMA has petitioned the Federal Government to implement the five per cent fuel charge intended for the maintenance of federal and state roads nationwide. FERMA Chairman stated this yesterday while speaking to reporters...

    • Posted January 25, 2013
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  • FG should explain to Nigerians how it squandered $67bn – Ezekwesili

    Former vice president of the World Bank, Dr. Oby Ezekwesili has alleged that the Umaru Yar’Adua and President Goodluck Jonathan administrations squandered the $45bn that was left in the foreign reserves account and the $22bn left in...

    • Posted January 25, 2013
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  • NCC slashes SMS tariff to N4

    In a bid to ensure affordable services in the Telecoms Sector for about 100 million subscribers , the Nigerian Communications Commission has ordered the slashing of SMS charges in the Country. As at the moment, the Short...

    • Posted January 25, 2013
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  • NNPC pipeline explodes again at Arepo

    Just less than a week after the Nigerian National Petroleum Corporation (NNPC) conducted repairs on a damaged pipeline in Arepo village, Ogun State owing to nefarious activities of some vandals, another explosion has hit the sensitive supply...

    • Posted January 24, 2013
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  • Egbin plant sale: BPE waits on NCP

    As the efforts towards a full commercialization of the Inconsistent Power Sector in Nigeria gets underway, the Bureau of Public Enterprises is eagerly waiting on the National Council on Privatization (NCP) to approve the sale of the...

    • Posted January 24, 2013
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  • Reps investigate N275b Customs contract

    The House of Representatives has inaugurated a committee to probe the N275billion Destination Inspection Scheme (DIS) between the Nigerian Customs Service (NCS) and the Ministry of Finance. Earlier, the house expressed serious concern about the implementation, management,...

    • Posted January 24, 2013
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  • CBN introduces KYC Requirements for banks, sets new deposit limit for account holders

    The Central Bank of Nigeria (CBN) has introduced new deposit limits for account holders, which affects all categories of accounts and has also introduced three-tier Know Your Customer (KYC) requirements for banks. The new policy sets N20,...

    • Posted January 24, 2013
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  • Federal Government restates commitment to developing Nigerian Content Act

    With a determination to drive socioeconomic development in the Nation, the Federal Government has pledged to ensure that the policies in the lucrative Petroleum Sector is geared towards enhancing the capacity of Indigenous participation in the production...

    • Posted January 24, 2013
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  • Equity Market Crosses N10 trillion Market Capitalization

    The Nigerian Stock Exchange crossed the N10 trillion mark in Wednesday’s trading session. The performance of the bourse is off to a remarkable start this 2013, mostly due to bullish performance by consumer goods stocks, cement stocks...

    • Posted January 24, 2013
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  • International Finance Corporation To List $50 million Naija Bonds On NSE

    The International Finance Corporation has announced innovative plans to launch $50 million/N8 billion worth of bonds and list them on the Nigerian Stock Exchange (NSE). The initiative was announced by the  Vice President and Treasurer, IFC, Mr. Jingdong...

    • Posted January 24, 2013
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  • Nigeria Stock Exchange Watch: ASI (+1.99%) Upbeat, Unity Bank (+10%) Bags Full Marks

    The All Share Index (+1.99%) gained almost 200 basis points in one of the most heavily traded days of the market this year. 798.3 million shares valued at N5.1 billion were traded as investors unleashed their purchasing...

    • Posted January 23, 2013
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  • Microsoft to invest in Dell buyout

    World’s leading hardware computer and software makers, Microsoft Group is considering a move to invest about $3 billion in an attempt to buy into shares and stock of the innovative and dynamic Dell technology company. Microsoft is...

    • Posted January 23, 2013
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  • Customs agents ask for regulatory powers for NPA, promise to create two million jobs

    The President, National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Mr Lucky Amiwero, yesterday said the federal government should consider giving the Nigerian Ports Authority (NPA) regulatory and operational powers, this according to him will...

    • Posted January 23, 2013
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  • NSE Seeks Advisers To Promote ASeM Listings

    The management of the Nigerian Stock Exchange in a bid to boost listings on the Alternative Securities Market (ASeM), has called upon the registered dealing member firms to advise companies on getting listed on the ASeM. The...

    • Posted January 23, 2013
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