All posts tagged "headline"

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  Nigeria, South Africa partner to develop gold mining

  Nigeria and South Africa are partnering to promote the development of artisanal and small-scale gold mining in the country, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. The minister stated this in an...

  • Posted June 10, 2014
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  FG says 60 foreign, 4,000 local firms participating in minerals exploration

  The Federal Government said on Sunday that 60 foreign and 4,000 local companies were participating in the country’s mineral exploration. The Minister of Mines and Steel Development, Musa Sada said in Abuja that the firms had been registered to...

  • Posted June 9, 2014
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  No action on lending rate ebfore general elections – Emefiele

  The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction of lending rates, saying no action will be taken on the rates until after the general elections...

  • Posted June 9, 2014
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  AMCON to fully divest from Mainstreet, Enterprise Banks on September 15

  A strong indication emerged last week that barring any unforeseen development, the Federal Government through the Asset Management Corporation of Nigeria (AMCON) will be handing over two of the three bridged banks, namely Mainstreet Bank Limited and...

  • Posted June 9, 2014
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  Analysts allay fears over power sector loans despite challenges

  Inspite of the teething problems confronting investors in the Nigerian power sector, the likelihood of default in repayment of power-sector loans has been underplayed by some economic players, who also make a big case for government intervention...

  • Posted June 9, 2014
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  NNPC targets European market for gas supply

  The Nigerian National Petroleum Corporation has said that it is looking for more markets for the nation’s gas on the European continent. This, it said, was in order to generate maximum economic benefit from Nigeria’s enormous gas...

  • Posted June 9, 2014
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  Fears over delayed bid for oil fields

  An air of uncertainty now hovers around the planned marginal field bid round in the petroleum sector after it failed to hold in March 2014 as earlier announced. The Ministry of Petroleum Resources has been silent on...

  • Posted June 9, 2014
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  Domestic investors reduce holdings by 71.6%

  Domestic investors reduced their holdings in the Nigerian stock market by 71.6 per cent between 2007 and 2013, investigation by our correspondent has shown. Since the global economic meltdown in 2008, local investors in the Nigerian capital...

  • Posted June 9, 2014
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  AMCON has fulfilled its mandate – Chike-Obi

  Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, in this interview with Festus Akanbi, lists the clean bill of health given to the Nigerian banking industry following the cleaning of all the toxic assets and...

  • Posted June 9, 2014
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  Kenya Airways commences direct flight services to Abuja

  At exactly 12.45 pm, Friday,c , the national carrier of the Kenya government, touched down in Abuja from Nairobi, thus opening a new chapter in direct passenger flight services from Nairobi to Abuja. This is besides its...

  • Posted June 8, 2014
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