All posts tagged "headline"

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  Nigeria, South Africa, others to get $68bn investment

  The Managing Director of the World Economic Forum, Mr. Phillip Rosler, has said that a fresh investment commitment of $68bn has been secured for the African continent as a result of Nigeria’s hosting of the international conference....

  • Posted May 11, 2014
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  Nigeria spends $5.1bn to print, handle cash – MasterCard

  A study by United States-based technology company, MasterCard, has shown that countries spend an average of one per cent of their Gross Domestic Product on handling  cash annually. Cost of cash refers to the cost of printing...

  • Posted May 11, 2014
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  Distributors, manufacturers disagree over cement price hike

  Contrary to claims by cement manufacturers that they have not increased the price of the product, distributors say the price hike is from them (manufacturer). The major distributors, who spoke with The Punch on Thursday, insisted that...

  • Posted May 11, 2014
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  ARM invests N1bn in Azura-Edo power plant

  Asset & Resource Management Company Limited says it is investing N1bn in the 450MW Azura-Edo IPP project being developed near Benin in Edo State. The firm is the only indigenous co-sponsor and equity investor in the project....

  • Posted May 11, 2014
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  Development partners to inject $2bn into Nigeria’s power sector

  Development partners across the world are to inject about $2 billion into Nigeria‘s power sector in the next few years, the Country Representative of the  United Nations Industrial Development Organisation (UNIDO), Dr. Patrick Kormawa, has disclosed. The...

  • Posted May 11, 2014
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  Insecurity: FG allays fear of food shortage by 2015

  The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, yesterday allayed fears of food security challenges in the country by 2015 as a result of the current insecurity, especially in the North-east and North-central parts of...

  • Posted May 11, 2014
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  Fidelity Bank attributes poor performance to strict regulations

  The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, on Thursday attributed the bank’s unimpressive performance in 2013 to higher cost of deposits arising from tight monetary conditions. Okonkwo said this at the bank’s ‘facts behind the...

  • Posted May 11, 2014
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  Nigeria mulls e-CCI from third quarter

  The Central Bank of Nigeria (CBN) and some other stakeholders in the financial market are assiduously working towards introducing an electronic Certificate of Capital Importation (e-CCI) in the country before the end of the third quarter of...

  • Posted May 11, 2014
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  Aviation Ministry provides clarification on remodelling of airports

  The aviation ministry has provided clarifications on the state of the ongoing remodeling of the nation’s airports. A statement from the ministry signed by its Assistant Director, Press/PRU, Mr. Ojeme Hastings, said the story going the rounds...

  • Posted May 10, 2014
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  Oil majors suspend $190bn investment over Petroleum Industry Bill

  Major oil and gas producing companies operating in Nigeria have suspended new investment in offshore exploration because of the planned Petroleum Industry Bill (PIB), which the companies said has high taxation arrangement. This was disclosed by the...

  • Posted May 10, 2014
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