Don't Miss


Latest News

  • President Jonathan Assures Nigerians of 24 hour Electricity Supply in 2013

    In furtherance of his determination and commitment to ensuring that Nigerians enjoy steady power supply Nationwide, President Goodluck Jonathan has  made a bold statement that several cities in the Country will enjoy steady and uninterrupted supply by June...

    • Posted November 22, 2012
    • 2
  • Nigerian Stock Exchange Watch: ASI (-0.21%) Falls to Selling Pressure

        Investors cashing out in preparation for the yuletide season were partly responsible for the All Share Index (ASI) drop of 0.21% today. The banking sector was predominantly skewed to the sell side as 8 of...

    • Posted November 21, 2012
    • 0
  • Rwanda Leads Africa in Broadband Technology

    As an attestation  to its robust, dynamic and innovative policy and strategy on developing its Information Technology Sector to be viable and attractive in the globe Rwanda  has been rated the number one nation with the fastest speed in...

    • Posted November 21, 2012
    • 0
  • D-8 Summit Harps on Peace and Prosperity

    The G-8 equivalent summit for key developing nations termed the D-8 Summit in Islamabad, Pakistan. is currently underway Leaders of the member states have already arrived the capital for the strategic forum. The Leaders of the member states namely...

    • Posted November 21, 2012
    • 0
  • Ghanaian UBS trader who lost $2.3bn jailed for seven years

    UBS trader Kweku Adoboli was jailed for seven years in London on Tuesday for gambling away $2.3 billion of the Swiss bank’s money in Britain’s biggest ever fraud. The Ghanaian-born banker, 32, was found guilty of two...

    • Posted November 21, 2012
    • 1
  • Abia governor presents N134bn appropriation bill to lawmakers

    ABIA State Governor, Dr. Theodore Orji, Tuesday, presented the state’s 2013 budget estimates, which proposed an outlay of N134.1 billion, comprising N67.82 billion or 50.56 per cent as recurrent expenditure and N66.33 billion or 49.44 per cent as...

    • Posted November 21, 2012
    • 4
  • Subsidy Claims: Govt owes us N1.3t on subsidy – NNPC

    The Nigerian National Petroleum Corporation (NNPC), yesterday cried out that it has been struggling to cope with their fuel import programme because they are owed more than N1.3 trillion ($8.2 billion) in government fuel import subsidies, debts....

    • Posted November 21, 2012
    • 1
  • President Jonathan Seeks MTEF Amendment for Additional $200 million Debt

    President Goodluck Jonathan has requested for the amendment of the $7.905 billion 2012-2014 Medium Term External Borrowing Plan. The president wrote to the National Assembly to that effect, saying the plan should include $200m. The letter was...

    • Posted November 21, 2012
    • 0
  • Borrowing will aid economic growth – Debt Management Office

      In the midst of the debate and furore over the request by the Federal Government to request for a foreign loan worth about N7.9billion, the Debt Management Office has thrown its weight behind the decision. The...

    • Posted November 21, 2012
    • 1
  • FG Releases N9.7 billion to boost food production

        With a view to ensuring that the after flood effect  that hit the Northern States mostly does not impede or hamper the aggressive and robust agricultural plan of the Federal Government, the Minister of Agriculture and...

    • Posted November 21, 2012
    • 1
  • 2013 Budget: N1.3 billion Is Not Enough for Refreshments, Meals – State House

    The N1.305 billion allocated for the Presidency in the 2013 budget for refreshments, meals, and other miscellaneous expenses has been declared grossly insufficient. Nigerian Senators could not believe their ears when they heard this, since the budget...

    • Posted November 21, 2012
    • 1
  • CBN Cautions National Assembly on Oil Benchmark Increase, Retains Interest Rate At 12%

    The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday advised the National Assembly not to increase the 2013 budget oil benchmark from $75 to $80 per barrel. The CBN Governor, Mr. Lamido Sanusi said,...

    • Posted November 21, 2012
    • 0
  • Nigerian Stock Exchange Watch: ASI (+0.35%) Gains, as UACN (+7.45%) leads Bourse

      The market was in positive territory today as top-tier banking stocks recovered some of the points trimmed from their value in yesterday’s session. Access (+0.47%), GTBank (+0.5%), First Bank (+1.85%), and Zenith (+0.67%) all recorded positive...

    • Posted November 20, 2012
    • 0
  • Senate Cautions Education, Housing Over Poor Budget Implementation and Spree Spending

    The senate has recently become very troubled over the fact that the 2012 budget implementation is still below 50 per cent when there are just 41 days to the end of the 2012 fiscal year. This situation...

    • Posted November 20, 2012
    • 0