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All posts tagged "headline"

  • Bresson SA to generate 90MW from Magboro plant

    The Minister of Power, Prof. Chinedu Nebo on Friday July 11, 2014 performed the ground breaking ceremony for the 90 megawatt Magboro power plant owned by Bresson SA Nigeria Limited. The event which was attended by power...

    • Posted July 18, 2014
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  • NAFDAC yet to remit N1.44bn operating surplus – FRC

    The National Agency for Food and Drug Administration and Control has yet to pay operating surpluses amounting to N1.44bn to the Federation Account, the Fiscal Responsibility Commission has said. The Chairman, FRC, Chief Victor Muruako, said this...

    • Posted July 18, 2014
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  • SON accuses Computer Village traders of colluding with dealers of fake phones

    The Standards Organisation of Nigeria (SON) yesterday raised alarm over the complicity of the Phone and Allied Products Dealers Association (PAPDA) in the sale and distribution of fake and substandard mobile phones in the country. Briefing journalist...

    • Posted July 18, 2014
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  • Ovia to emerge Zenith Bank chairman

    There are strong indications that if all calculations remain unchanged, the Board of Directors of Zenith Bank Plc may announce the former Managing Director/Chief Executive Officer of the bank, Mr. Jim Ovia, as the new chairman of...

    • Posted July 17, 2014
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  • All-share index rises 0.10% as market rally continues

    Trading at the stock market remained positive yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 0.10 per cent to close at 42,971.56. Trading at the market had opened for the week on...

    • Posted July 17, 2014
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  • FAAC insists on fuel subsidy removal

    Barely a week after the Senate unanimously rejected the recommendation of its Committee on Finance that subsidies on petroleum products should be totally removed, the Federation Accounts Allocation Committee on Tuesday insisted that their retention was a...

    • Posted July 17, 2014
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  • ECA rises to $4.5bn as FG, States, LGs share N755.9bn in June

    The Federation Accounts Allocation Committee (FAAC) yesterday shared a total distributable revenue amounting to about N755.95 billion among the three tiers of government for June as it emerged that the money, Excess Crude Account (ECA) kept to...

    • Posted July 17, 2014
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  • Services sector drives 6.21% growth in GDP – NBS

    The National Bureau of Statistics on Tuesday released the Gross Domestic Product for the first quarter of 2014, stating that in real terms, the country’s GDP grew by 6.21 per cent. In the report, a copy of...

    • Posted July 17, 2014
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  • Workers cannot shut airspace – ATC

    The Nigerian Air Traffic Controllers’ Association has condemned the incessant threats by various aviation groups to shut the nation’s airspace as a means of settling industrial disputes. The association said in a statement on Tuesday that air...

    • Posted July 17, 2014
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  • Higher food prices push inflation to 8.2% in June

    Nigeria’s Consumer Price Index (CPI) which measures inflation rose to 8.2 percent in June compared to 8 per cent in the previous month, according to the National Bureau of Statistics (NBS). The NBS has attributed the 0.2...

    • Posted July 17, 2014
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