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  • House of the Week: Astonishing N140m four-bedroom detached house for sale in Apo, Abuja

    A stunning 4 bedroom detached house in Copa Cabana Homes, Wumba District, Apo, Abuja, has come up for sale for a wallet-busting N140million. The house comes with a 2 bedroom guest chalet, all rooms are well spaced...

    • Posted November 16, 2012
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  • FG Plans New National Carrier Stocked With 30 New Aircraft

    The Federal Government has disclosed plans to launch a new national carrier by 2014 that will have a fleet of nothing less than 30 new aircraft. Director of Operations, Federal Airports Authority of Nigeria, Mr. Henry Omeogu,...

    • Posted November 16, 2012
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  • Covenant University Alumni Petition IG Over Banker’s Shooting

      The Covenant University Alumni Association has petitioned the Inspector General of Police over the shooting of Femi Badejo, an alumni of the university, also an employee of Access Bank. The banker was shot five times in a...

    • Posted November 16, 2012
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  • Credit Ratings Agencies Threaten to Downgrade America

      It has been a while Since the United States of America came under the fire of the three major credit rating agencies who have become renowned for rating Nations and their viability in becoming major economic...

    • Posted November 16, 2012
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  • Jonathan Commences Campaign for Total Removal of Fuel Subsidy

    President Goodluck Jonathan has moved to totally remove fuel subsidy, the president launched his crusade in Abuja on Thursday, saying Nigeria is not developing because of fuel subsidy. Omitting the gargantuan corruption problem in Nigeria, he said...

    • Posted November 16, 2012
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  • Lawmakers Investigate N13 billion Foreign Missions’ Debt

      The house of representative has vowed to investigate the contentious N13b debt owed by the ministry of foreign affairs for its foreign missions. The investigation became necessary when the lawmakers noticed that the ministry’s 2013 budget,...

    • Posted November 16, 2012
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  • Flour Mills to Start Sugar Refinery in December

    Flour Mills of Nigeria Plc, the country’s biggest miller by market value, will start production at its 750,000-metric ton sugar refinery in December, Chief Financial Officer Jacques Gauthier said. “We are confident we will have our first...

    • Posted November 16, 2012
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  • Western Union and Ecobank Launch Internet Account Based Money Transfer (ABMT) service in Kenya

    LAGOS, Nigeria, November 15, 2012/ — Western Union, a global leader in payment services, and Ecobank Transnational Incorporated (Ecobank), a leading financial services group in sub-Saharan Africa, today announced the launch of  Account Based Money Transfer service (ABMT) in Kenya....

    • Posted November 15, 2012
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  • Striking South African Miners Agree to End Strike

    After two months of letting down tools and massive protests  which culminated in the killing of over 20 miners, the Striking Miners with the Anglo American Platinum of South African have agreed to the new terms of the  Management...

    • Posted November 15, 2012
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  • Banks Advised to Develop Credit for Agricultural Sector

    Just a year ago after the renowned Bangladeshi Professor, Mohammed Yunus, told Nigerian Banks to step up their plans by encouraging the Agricultural and Rural sectors with more credit facilities that are viable, the Banks have once again been...

    • Posted November 15, 2012
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  • Flour Mills Banks N7.7 billion in Profits After Six Months

    Flour Mills of Nigeria Plc, manufacturers of Golden Penny Products, transmitted its Q2 unaudited financial statements to the Nigerian Stock Exchange yesterday. The company reported revenues of N137.6 billion, up 7.6% from N127.9 billion reported over the...

    • Posted November 15, 2012
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  • Gbenga Daniel left empty treasury, N97bn debt – Ogun

    The Governor of Ogun State Governor Ibikunle Amosun is said to have inherited an empty treasury from Otunba Gbenga Daniel in 2011. This was made known by the Secretary to the Ogun State Government, Mr. Taiwo Adeoluwa,...

    • Posted November 15, 2012
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  • Subsidy War: Okonjo Iweala (2) vs. Oil Barons (0)

    Ngozi Okonjo Iweala has never appeared as a person whose integrity can be compromised, no matter how juicy the enticement. Remember during her first term as a public servant in Nigeria, when the Presidency bounced her about...

    • Posted November 15, 2012
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  • Fuel scarcity, Long Queues, PMS Price Increase to Last until Next Year

    A report from the House of Representatives Committee on Petroleum Resources (Downstream) stated on Wednesday that the persistent fuel scarcity in the country is expected to last until next year.  The report confirmed that one of the...

    • Posted November 15, 2012
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