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All posts tagged "featured"

  • Terrorism: Nigerian airports 96% secure – ICAO

    Nigerian airports are 96 per cent secure, the International Civil Aviation Organisation has said. This is coming as the organisation announced that it had commenced high-level discussions with African countries on measures to address and counter the...

    • Posted April 6, 2016
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  • 145 textile firms lost to economic downturn — FG

    The Federal Government on Monday said that a total of 145 textile companies had shut down operations between 1980 and now due to harsh economic climate. The Minister of State for Industry, Trade and Investment, Aisha Abubakar,...

    • Posted April 6, 2016
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  • 24 firms lose, market capitalisation sheds N54bn

    Losses in 24 firms at the close of trading on the floor of the Nigerian Stock Exchange crashed market capitalisation by N54bn. The NSE All-Share Index also dropped to 25,349.07 basis points from 25,507.09 basis points. On...

    • Posted April 6, 2016
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  • NCC boosts Federation Account by N70bn

    The Nigerian Communications Commission has boosted the Federation Account by N70bn in the last six months, its executive vice chairman, Prof. Umar Danbatta, has said. Danbatta said this in a lecture entitled: ‘Mainstreaming ICT for Poverty Reduction...

    • Posted April 5, 2016
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  • NSIA records N10.58bn growth in income

    The Nigerian Sovereign Investment Authority, the agency managing the Sovereign Wealth Fund, said it recorded an increase of N10.58bn in total comprehensive income from N15.77bn in 2014 to N26.35bn in 2015. The Managing Director, NSIA, Mr. Uche...

    • Posted April 5, 2016
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  • Dollar scarcity: Firms struggle to repay foreign loans

    Although foreign loans are attractive for their single digit and low interest rates, the continued depreciation in value of the naira against major foreign currencies has turned them into a huge burden for borrowers in Nigeria. The...

    • Posted April 5, 2016
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  • NCAA directs privately owned jets registered as commercial

    The Nigerian Civil Aviation Authority (NCAA) has issued a directive that privately owned jets should now be registered as commercial aircraft because many of them are used for charter services whereas they were registered as privately owned....

    • Posted April 5, 2016
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  • Fuel crisis: NNPC, major marketers’ filling stations engage in racketeering

    Despite the efforts by the Minister of State for Petroleum, Dr. Ibe Kachikwu to end the current shortages of petrol across the country, some retail outlets owned by the Nigerian National Petroleum Corporation (NNPC) and the major...

    • Posted April 5, 2016
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  • NSIA closes in on signing concession contract for Second Niger Bridge

    The process for the construction of the Second Niger Bridge remains on course with the signing of the concession agreement expected to be consummated in the second half of this year, the Managing Director, Nigerian Sovereign Investment...

    • Posted April 5, 2016
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  • IOCs to support oil marketers’ demand for forex – NNPC

    The Chief Operating Officer, Downstream Division of the Nigerian National Corporation, Mr. Ikem Obih, has disclosed that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has negotiated a workable solution to address the challenges of...

    • Posted April 5, 2016
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