Latest News

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  FG To Realise N60b From Sale Of PHCN Core Assets

  The Nigeria Electricity Liability Management Company (NELMCO) yesterday said it will will realize N60billion from the sales of the Power Holding of Nigeria Company (PHCN) core assets. The funds will be added to the statutory allocation for the...

  • Posted April 8, 2012
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  Urban Nigeria to Swell by 200 Million Inhabitants by 2050 – United Nations

  Africa and Asia together will account for 86 per cent of all growth in the world’s urban population over the next four decades, the United Nations said today, adding that this unprecedented increase will pose new challenges...

  • Posted April 6, 2012
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  Revenue Sharing Formula: Governors propose 42 percent for States

  There may be a drastic reduction in the Federal Government’s share from Federation Account  as states goverment set up committee to negotiate for a 42 percent share. The committee which is headed by Lagos State Governor, Babatunde...

  • Posted April 6, 2012
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  Covenant University Signs MoU with Bluechip Companies on Employment for Graduates

  Authorities of the Covenant University, Ota, Ogun State, have said the institution will sign Memoranda of Understanding with corporate organisations in the country to employ the school’s graduates. The Dean, Student Affairs, of the university, Dr. Akan...

  • Posted April 6, 2012
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  Sacked Officials: Electricity Unions Threaten Strike despite Perennial Blackouts

  Despite the perennial strikes in the country, the electricity workers union namely National Union of Electricity Employees (NUEE) and Senior Staff Association of Electricity and Allied Companies (SSEAC) have threatened to embark on an industrial action. The...

  • Posted April 6, 2012
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  Governors Fault Quantum of Funds Still Spent on Fuel Subsidy

  The Nigerian Governors Forum have raised concerns with the manner the Federal Government is still deducting funds from the Federation Account. The Forum has deemed the deductions to be illegal, and released a communiqué to that effect...

  • Posted April 6, 2012
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  Jonathan asks Nigerians, Especially Political Opponents, to Pay their Taxes

  President Goodluck Ebele Jonathan has called on all Nigerians, especially the elite, to ensure that they remit their taxes to the Federal Government with integrity and transparency. The President made the call whilst launching the National Tax...

  • Posted April 6, 2012
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  Foreign Bribery or Corporate Social Responsibility?

  The Italian construction company must really be in love with Mr President. Otherwise, why would they offer and why would Mr President accept a gift of a ‘whole’ church building donated to him in his personal capacity. This is happening at...

  • Posted April 5, 2012
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  EFCC uncovers another N9b police pension fraud

  THERE seems to be no end to the pension fund scam. The Economic and Financial Crimes Commission (EFCC) yesterday said it has uncovered another N9billion fraud in the Police Pension Office. The cash was withdrawn between 2007...

  • Posted April 5, 2012
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  2011 Earnings: Dangote Cement Records Strong Growth, Proposes Dividend and Bonus

  Dangote Cement released its 2011 audited financial statements yesterday and the growth showed significant improvement over its 2010 results. Turnover was N 235.9 billion, up 16% from N 202 billion in 2010. Profit before tax was N...

  • Posted April 5, 2012
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  President takes Vacation break in order to meet Lawmakers over 2012 budget

  The leadership of the National Assembly will meet President Jonathan today in order to iron out issues concerning the passage of the 2012 budget. The President, who is currently on a working vacation in Abuja will host...

  • Posted April 5, 2012
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  US worried about Poverty and Corruption and its Effects on Boko Haram

  The American ambassador to Nigeria, Terrence McCulley has stated that the American government is concerned about the state of poverty and corruption in Nigeria. The top diplomat stated his government will work towards alleviating poverty and fighting...

  • Posted April 5, 2012
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  Abati Calls Gitto’s Presidential Church Gift “Corporate Social Responsibility”

  The Presidential spokesman, Reuben Abati, has termed comic calls for the President to be impeached over the church donated to his village by Gitto, an Italian construction company. Abati stated that the donation was not any form...

  • Posted April 5, 2012
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  Nigerian Stock Exchange Watch: Market Continues Positive Trajectory, Capitalization at N 6.6 Trillion

  The All Share Index gained 0.41% today closing at 20,934.47, inching towards the psychological 21,000 mark. The performance of the bourse was driven largely by the continued rally in the banking sector as well as a marginal...

  • Posted April 4, 2012
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