Don't Miss


Latest News

  • Lawal Qudus Olajide: Challenges Of Health Care Financing In Nigeria: Effective Insurance Scheme As A Way Out

    In the last couple of months, social media especially twitter was flooded with #savecitizen drives, aimed at raising fund for medical treatment of compatriots. Laudable as these ventures seem, their sustainability is doubtful, as donor fatigue will...

    • Posted October 9, 2012
    • 0
  • Influx of Fake Goods to Nigeria Caused by Lack of Laboratories – EU

    The European Union (EU) has said the dumping of substandard and counterfeit products in the Nigerian market may continue unabated due to the persistent lack of international endorsed standard testing laboratories in the country. The European Union’s...

    • Posted October 9, 2012
    • 0
  • Nigeria to sell 10,000 barrels of Sweet Crude to Indian Firm Daily

    Nigeria will sell 10,000 barrels per day (bpd) of its light sweet crude to an Indian State-run Bharat Petroleum Corporation (BPCL) based on a deal signed by Chevron and the Indian corporation.   However, Reuters reported that...

    • Posted October 9, 2012
    • 0
  • NERC Chides PHCN DISCOs on Poor Customer Service Delivery

    The Nigerian Electricity Regulatory Commission (NERC) has blamed distribution companies of the Power Holding Company of Nigeria (PHCN) for the absence of cost effective tariff in the Nations electricity supply, which it referred to as ‘poor consumer...

    • Posted October 9, 2012
    • 0
  • NNPC Targets 4 million bpd Oil Production by 2020

    The Nigerian National Petroleum Corporation (NNPC) has expressed resolve to grow oil reserves to 40 billion barrels from its current 37 billion barrels by the year 2020. The Group Managing Director of NNPC, Andrew Yakubu, stated this...

    • Posted October 9, 2012
    • 0
  • Nigeria and UK Target Bilateral Trade Volume of N2 Trillion by 2014

    The government of Nigeria and the United Kingdom have set their sights on achieving a bilateral trade volume of N2 trillion by 2014. The current trade volume between the two countries is N 1 trillion, meaning that...

    • Posted October 9, 2012
    • 1
  • Dangote, Chinese Consortium, Others Selected to Participate in FCT Land Swap Scheme

    The Federal Capital Territory (FCT) land swap scheme is an initiative of the minister of the Federal Capital Territory, Senator Bala Mohammed. The scheme offers investors land in Abuja at no cost, as long as the investors...

    • Posted October 9, 2012
    • 0
  • Nigerian Stock Exchange Watch: ASI Gains 0.67% as Banking sub-Index Gains Big

      The banking sub-index gained 2.09% in today’s trading, driving the stock market to close up by 0.67%. The All Share Index closed at  26,618.70 whilst the market capitalization of the market arrived at N8.5 trillion. Fidelity...

    • Posted October 8, 2012
    • 0
  • “Cashless policy is still below expectation” – Bismarck Rewane

    Exactly 10 months after the pilot phase of cash-less policy commenced in Lagos, Managing Director/Chief Executive Officer, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has expressed concern over the low level of acceptance of the policy....

    • Posted October 8, 2012
    • 0
  • Credit to private sector reached N14.885tn in August

    Banking sector credit to the private sector increased slightly to N14.885 trillion in August, reflecting a year-on-year slowdown of 36.9 per cent, data obtained from the Central Bank of Nigeria’s (CBN’s) website has shown. But THISDAY checks...

    • Posted October 8, 2012
    • 1
  • Nigeria Ranks 138 out of 183 on ‘Ease of Paying Taxes’

    Nigeria is at present ranked 138 out of 183 in the world’s Paying Taxes report for 2012, published by the Price Waterhouse Coppers (PwC) in collaboration with World Bank.   Last year Nigeria was ranked 134 last...

    • Posted October 8, 2012
    • 2
  • Dangote to advance for investment in Sudan

    Alhaji Aliko Dangote, the Chairman, Dangote Group has admitted having plans to expand his conglomerate to Sudan. Dangote made this known when he hosted Dr. Tagelsir Mahgoub Ali, the new Sudanese Ambassador to Nigeria on a courtsey...

    • Posted October 8, 2012
    • 0
  • Senators Call for Dissolution of FERMA

    The Senate President, David Mark, has called on all chairs of committees in the Senate to make sure that project allocation in the country are not biased but represent the whole country.   This advice came in...

    • Posted October 8, 2012
    • 1
  • Budget 2013 Presents Hope for Naira

    Financial experts have raised the prospects of a stronger and firm Naira next year, following the presentation of the 2013 budget by President Goodluck Jonathan to the National Assembly on Thursday. This is contained in a report...

    • Posted October 8, 2012
    • 0