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  • House of Reps probe Femi Otedola’s N140 billion loan repayment

    The House of Representatives on Monday announced that it would investigate the controversial debt settlement deal reached between businessman, Femi Otedola and the Asset Management Company of Nigeria (AMCON). AMCON had announced the day before that Otedola’s...

    • Posted October 2, 2012
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  • Ikoyi-Lekki link bridge to be commissioned in November

    Motorists along Ikoyi, Lekki-Epe axis will soon heave a sigh of relief as the first ever cable styled bridge of its kind in the sub Saharan West Africa region – Lekki-Ikoyi Link Bridge, has reached 95 percent...

    • Posted October 2, 2012
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  • Honda recalls 2003 – 2007 Accords due to fire risk

    Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. The recall affects Accords with V-6 engines from the 2003...

    • Posted October 2, 2012
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  • Water project: FG grants Ebonyi N1.2bn import duty waiver

    President Goodluck Jonathan has granted the Ebonyi State government waiver of import duty on all the ductile iron pipes and accessories meant for the reticulation of the multi-million naira water scheme project constructed by the state government...

    • Posted October 2, 2012
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  • Infringement on patents: Samsung sues Apple over iPhone5

    Samsung is suing Apple over claims that the iPhone 5 infringed on its patents. The Korean electronics giant filed the lawsuit in a U.S. court Tuesday, Reuters reported. “We have little choice but to take the steps...

    • Posted October 2, 2012
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  • Policymakers meet for the Development of Root Crops

    Stakeholders working on root and tuber crops (RTCs), across the world are meeting at the Federal University of Agriculture Abeokuta, Nigeria, to converse and share knowledge on new advancements, build partnership, and extend policies that will add...

    • Posted October 2, 2012
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  • FG Swears in Committees to Kick Start UNIDO Programmes

    The Federal Government has sworn in Committees on the United Nations Industrial Development Organisation (UNIDO) Programme for Nigeria.   Representatives from a variety of related Ministries, Departments, Institutions as well as the Private Sector, were among the...

    • Posted October 2, 2012
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  • Jonathan May Present 2013 Budget within Two Weeks

    The Special Adviser to the President on National Assembly Matters, Senator Joy Emodi, has informed the media that the President may present the 2013 budget to the national Assembly within 2 weeks. The Presidential aide said the...

    • Posted October 2, 2012
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  • Nigeria attracted N6.8tn investment in nine months – Jonathan

    President Goodluck Jonathan has said the country’s Gross Domestic Product, driven mainly by the non-oil sector, has grown by 7.1 per cent, while the economy attracted N6.8tn investments in nine months. Jonathan, who disclosed this in his...

    • Posted October 2, 2012
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  • Nigeria earned N5.5 trillion revenue in eight months – FAAC

    Nigeria earned N5.5tn from mineral and non-mineral revenue between January and August, a data from the Federation Accounts Allocations Committee, stated on Monday. The figures obtained by the News Agency of Nigeria, in Abuja showed that the country recorded...

    • Posted October 2, 2012
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  • NACCIMA Calls for Dialogue with FG on PPP

    The Nigerian Chamber of Commerce, Industry, Mines, and Agriculture (NACCIMA) a section of the Organised Private Sector (OPS), has reiterated the private sector and the Federal Government should have regular summits to uphold the Public Private Partnership...

    • Posted October 2, 2012
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  • FCT councils split N2b SURE-P allowance

    The six Area Councils of the Federal Capital Territory (FCT) have shared N2.053 billion revenue allocation for August 2012 from the Subsidy Reinvestment and Empowerment Programme (SURE-P) and FAAC. The allotment represents a boost of N267 million...

    • Posted October 2, 2012
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  • CDMA operators must adjust technology to survive — Ericsson Nigeria boss

    While Code Division Multiple Access operators are currently engaged in merger talks that will produce a new entity to be called CAPCOM with $200m fresh investment, the Country Manager, Ericsson Nigeria, Mr. Kamar Abass, says chances are...

    • Posted October 1, 2012
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  • 60% of Pension funds were borrowed by FG – PFAs

    Pension Fund Operators in the country have said that 60 per cent of the total pension fund assets have been borrowed by the Federal Government. The borrowing, according to them, was done through the issuance of bonds...

    • Posted October 1, 2012
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