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  Fans react as Facebook shuts down in some European countries

  Admins of world’s most popular social network website, Facebook is currently facing serious attack by angry users is some parts of the world as the site went down in many European countries on Wednesday for more than...

  • Posted March 7, 2012
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  Dick Kramer Appointed Chairman of Union Bank, Yemi Osindero Joins Board of Directors

  Union Bank of Nigeria Plc, one of Nigeria’s banks recently recapitalised with the injection of $500 million has announced the inauguration of a new board with Mr Dick Kramer of African Capital Alliance, (the core investor in...

  • Posted March 7, 2012
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  Blame Customs, Navy for Fuel Scarcity – Levi Ajuonuma, NNPC Spokesman

  NNPC spokesperson Levi Ajumona has blamed the ongoing fuel scarcity and depletion of the country’s strategic reserves on the manner the Nigerian Navy and Nigerian Customs Services discharge the duties at the ports. In a statement released...

  • Posted March 7, 2012
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  Lagos-Ibadan Expressway: Foreign contractors demand FG guarantee

  The leader of the South African contractors partnering Bi-Courtney Highway Services to reconstruct the Lagos-Ibadan Expressway, Group Five, has demanded a firm commitment from the Federal Government on how to recoup their investment when the project is...

  • Posted March 7, 2012
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  NITEL/MTEL Waste of Government Resources – Labour

  The Senior Staff Association of Communications Transport and Corporations (SSACTAC) has aligned itself with government plans to liquidate the Nigerian Telecommunications Company and its subsidiaries, on the condition that government settles its liabilities to creditors and staff....

  • Posted March 7, 2012
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  Pension Scam Investigation: Senate Threatens to arrest Budget Office DG

  The Senate Joint Committee on Establishment, Public Service, States and Local Governments has threatened to arrest the Director-General of the Budget Office, Bright Okogu over his failure to honor an invitation to testify before the committee on...

  • Posted March 7, 2012
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  Ecological funds: Ministry to face probe -Senate

  The Ministry of Environment would be investigated over perceived mismanagement of the ecological funds, the Senate had said. The upper legislative chambers made this known during the second reading of a bill seeking an Act to establish...

  • Posted March 7, 2012
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  Nigerian Stock Market Watch: All Share Index (ASI) Surges to Verge of 21,000 Threshold

  The Nigerian Stock Exchange surged up by 1.49%, fueled by gains from the bourse’s most capitalized stock, Dangote Cement (+4.9%). The All Share Index closed just short of the 21,000 mark, settling at 20,926.31 and seems to...

  • Posted March 6, 2012
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  Business Facing, Nigeria’s route to steadfast and sustainable growth and development

  I know of no more encouraging fact, that the unquestionable ability of man to elevate himself is through conscious endeavours. We are therefore what we repeatedly do. I believe excellence then should not be our act but...

  • Posted March 6, 2012
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  Guinness Nigeria spends N 55 Billion on Production Expansion, Creates 200 New Jobs

  Guinness Nigeria has disclosed that it has invested N 55 billion in order to expand its production capacity in Ogba, Lagos and Benin. Speaking on the development during a tour of its new facilities in Lagos, Harrison...

  • Posted March 6, 2012
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  Subsidy report: Committee will not bow to any pressure-Lawmaker

  The House of Representatives today vowed not to succumb to treat coming from any group or individuals on the fuel subsidy probe. Speaking with Journalists, the Chairman House committee on Media, Zakari Mohammed disclosed that  members of...

  • Posted March 6, 2012
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  SURE Fund Falls by N 700 billion

  The funds available for the Subsidy Reinvestment and Empowerment (SURE) programme has fallen from N 1.134 trillion to N 426 billion, a reduction of approximately N 700 billion. The decrease is as a result of government’s inability...

  • Posted March 6, 2012
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  CBN to Disburse N 75 Billion in Lending for Agricultural Sector

  Nigeria’s apex bank, the CBN, has injected N 75 billion facility into the agricultural sector of the economy. This is in a bid to diversify the country away from its dependence on oil income and support local...

  • Posted March 6, 2012
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  Minister of Trade and Investment outlines Nigeria’s Vast Opportunities, Says Glencore to inject FDI

  The Minister of Trade and Investment spoke of the vast investment opportunities in Nigeria and their impact on Foreign Direct Investment during a courtesy call to one of the leading media houses in the country recently. He...

  • Posted March 6, 2012
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