Don't Miss


Latest News

  • Name Beneficiaries of Subsidy Fraud, NASU Tells FG

    The Non- Academic Staff Union of Universities (NASU) has called on the Federal Government to name the members of the ‘cartel’ fraudulently benefiting from the money meant for fuel subsidy in Nigeria. Anything short of that, the...

    • Posted November 25, 2011
    • 0
  • Subsidy removal will choke economy, says David-West

    The planned removal  of fuel subsidy  will strangle the economy, stoke up inflation, hurt businesses and the public, former  Petroleum  Minister Professor Tam David – West, has said. Speaking on “Oil ‘Subsidy’: Facts, Fiction and fraud”  at a...

    • Posted November 25, 2011
    • 0
  • Nigerian Ports Authority And Minister Of Transport To Ease Traffic On Port Roads

    The situation of traffic congestion along port areas has made the Minister of Transport, Senator Idris Umar to charge the Nigerian Ports Authority (NPA) to produce a document that would ease the traffic for road users within...

    • Posted November 25, 2011
    • 0
  • Survey Of Market Consumables Commences In 2012

    As from the first quarter of the year 2012, the Institute of Public Analysts of Nigeria (IPAN) would commence a market survey of all consumables. IPAN is recognized as one of the tools of the Federal Government...

    • Posted November 25, 2011
    • 0
  • India firm buys Nigeria, DRC crude oil

    India’s Mangalore Refinery and Petrochemicals (MRPL) has bought 1.3 million barrels of West African crude oil for loading in January and February via tender, trade sources said yesterday. MRPL  according to Reuters News, bought 650,000 barrels of Nigerian Escravos...

    • Posted November 25, 2011
    • 1
  • Obasanjo becomes IITA’s Goodwill Ambassador

    To help boost the fight against hunger and poverty in Africa, former President Olusegun Obasanjo has accepted to be a “Goodwill Ambassador ” of the International Institute of Tropical Agriculture (IITA). A statement issued by the IITA...

    • Posted November 25, 2011
    • 0
  • Nigeria sells N111b T-bills

    The Federal Government sold  N110.85 billion ($693.90 million) in short-dated treasury bills at an auction yesterday, with yields falling sharply compared to the trend at the previous auction, the Central Bank of Nigeria (CBN) said. The apex...

    • Posted November 25, 2011
    • 0
  • FG May Issue Visa to Passengers at Lagos Airport

    There are indications that the Federal Government might introduce the issuance of visa to passengers who are transiting from the Murtala Muhammed International Airport, Lagos to other African countries, which would enable them move freely until they...

    • Posted November 25, 2011
    • 0
  • NEXIM promotes non-oil export with N70b

    NIGERIAN Export Import Bank (NEXIM) has disbursed about N70 billion to support over 900 export projects in the Small and Medium Scale Enterprises (SMEs) since inception. Besides, the bank has committed N28.84 billion as intervention funds for...

    • Posted November 25, 2011
    • 0
  • Mrs. Waziri’s Removal Is Insufficient

    Mrs. Farida Waziri’s removal from Economic and Financial Crimes Commission is not sufficient. What we need is far-reaching reforms targeted at institutions of government to usher in a new dawn. After being at the saddle for three-and-a...

    • Posted November 25, 2011
    • 0
  • Lagos Island Waters Pollution

    I have watched with awe as the waters surround the island become drenched in toxic substance thereby raising the fear of a possible epidemic.  In recent times, we have seen a spiral growth in Persistent Organic Pollutants...

    • Posted November 25, 2011
    • 0
  • Movers and Shakers in Nigerian Government

    The Financial Times has attempted to document the heavyweights of the Goodluck Jonathan administration.  Whilst the criterion for the selection of the “Movers and Shakers in the new administration” is not provided, the list compiled by William...

    • Posted November 25, 2011
    • 0
  • Retail Investors Flee As Stock Market Plummets Beyond 20,000 Threshhold

    The Nigerian Stock Exchange has fallen below the 20,000 threshold today, signaling gross market pessimism and general market avoidance by the retail investing public. Many Nigerians are not willing to return to the stock market after the...

    • Posted November 24, 2011
    • 0
  • Why private refinery is not feasible in Nigeria – Augustine Oniwon

    The Group Managing Director, Nigeria National Petroleum Company (NNPC), Augustine Oniwon, has said running private refinery in the country was not feasible. Oniwon, who spoke with newsmen yesterday in Zaria shortly after he delivered a paper as...

    • Posted November 24, 2011
    • 1