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  • Number plate: Transport unions seek policy reversal

    Transport unions in the country have resolved to write to the National Assembly for the cancellation of the new driving licence and number plate policy. They also crave for a return to the old order and want...

    • Posted March 14, 2012
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  • Power Breakdown Disrupt Flights in Nigeria

    Airline operations  were shut down last night at the Nnamdi Azikiwe International Airport, Abuja due to  power breakdown which destroyed the air field lighting, as well as runway and taxi lights. The breakdown led to an immediate diversion of...

    • Posted March 14, 2012
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  • Glo Awards $ 6 Million Contract to Ceragon

    Ceragon Networks Ltd. has announced a new $6 million USD contract with Globacom Nigeria (Glo) for Ceragon’s high-capacity wireless backhaul solutions and professional services in Nigeria. Ceragon will manage the end-to-end deployment of its field-proven FibeAir IP-10 and Evolution IP...

    • Posted March 14, 2012
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  • Transcorp Opens N 1 Billion Fruit Juice Factory in Benue

    A leading conglomerate in Nigeria, Transcorp Plc, has launched a 26,500 metric tonnes per annum orange and mango juice concentrate factory in Benue state. The venture monikered Teragro is located at the Makurdi Industrial Layout area of...

    • Posted March 14, 2012
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  • After 30 Years, Lagos International Airport to Get Face-lift, Construction of New Terminal Underway

    After the blackout at the international wing of the Muritala Mohammed which lasted several hours on Sunday, the Federal Airports Authority of Nigeria (FAAN) has released a statement indicating that the occurrence was a one-off glitch that would not...

    • Posted March 14, 2012
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  • Power Breakdown Disrupt Flights in Nigeria

    Airline operations  were shut down last night at the Nnamdi Azikiwe International Airport, Abuja due to  power breakdown which destroyed the air field lighting, as well as runway and taxi lights. The breakdown led to an immediate...

    • Posted March 14, 2012
    • 0
  • NSE CeO, Oscar Onyeama Incurs Wrath of Lawmakers, Summoned to Appear before House Committee “Unfailingly”

    The CEO of the Nigerian Stock Exchange (NSE), Oscar Onyeama has ruffled not a few feathers in the lower chamber of the House of Assembly. Onyeama incurred the wrath of the lawmakers when he declined to attend...

    • Posted March 14, 2012
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  • Pakistan’s Fatima Fertilizer Plans $1 Billion Africa Plant, Possibly in Nigeria

    Pakistan’s third-biggest maker of the farming ingredient, plans to build a new factory in Africa at an investment of about $1 billion to tap international markets. The company expects to finalize plans this year to set up...

    • Posted March 14, 2012
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  • Nigerian Stock Exchange Watch: ASI Boosted by Dangote Cement’s Gain

    The stock market appreciated further today based on gains from the market’s most capitalized equity, Dangote Cement. The All Share Index advanced by 0.65% to close at 21,227.98. The Banking sub-sector was predominantly bearish as selling pressure...

    • Posted March 13, 2012
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  • Drake Sells Miami Condominiums for 26% Profit

    Multi-platinum record selling rapper and singer Drake has sold two condominiums he purchased in January 2011 for a 26% profit. The condominiums are located in the Biscayne area of Miami, Florida. The musician seemed to be attached...

    • Posted March 13, 2012
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  • Petrol: Conoil, Oando, others to import 4.8 billion litres

    The Petroleum Pricing Regulatory Agency has issued import allocations to 42 marketers to bring in 3,575,000 metric tonnes or 4.79 billion litres of petrol into the country during the second quarter of this year. The development may...

    • Posted March 13, 2012
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  • Nigeria’s GDP rises to 7.68% in last quarter of 2011 – NBS

    Nigeria’s economy grew 7.68 percent in the fourth quarter last year, faster than the 7.40 percent in the previous quarter, the national bureau of statistics (NBS) said on Tuesday. Nigeria’s oil production fell to an average of...

    • Posted March 13, 2012
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  • Caverton Receives $ 85 Million Facility from Shell

    Caverton Helicopters has received an $ 85 million loan from Shell Nigeria. Shell Nigeria also doubles as one of Caverton’s biggest customers. The loan is to assist Caverton in upgrading its fleet of helicopters to the more...

    • Posted March 13, 2012
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  • Senate Faults DPR Over Failed Project

    The Senate has castigated the Department of Petroleum Resources, DPR, over its failure to install gas pipelines that will boost  gas supply in the country. A committee headed by  Senator Nkechi Nwoagu  had summoned DPR to explain...

    • Posted March 13, 2012
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