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All posts tagged "headline"

  • Dangote’s $400m Zambian cement factory ready in February

    Dangote Group is set to complete the process of establishing a cement factory estimated at $400m in Zambia. The Nigerian High Commissioner in Zambia, Mrs. Sifawu Momoh, who gave the indication, said the cement factory would be...

    • Posted January 11, 2014
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  • Retirement won’t affect my chances at CBN – Lemo

    The Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, on Thursday said his exit from office would not affect his chances of possibly succeeding Governor Lamido Sanusi. Lemo, 54, who will leave the CBN on...

    • Posted January 11, 2014
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  • Missing funds: NNPC claims spending $8.49bn on subsidy

    The controversy surrounding the allegedly missing $10.8bn meant to be remitted to the Federation Account by the Nigerian National Petroleum Corporation took another turn on Friday as the NNPC claimed that it spent $8.49bn of the sum...

    • Posted January 11, 2014
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  • Nigeria lauds UK’s support in debt management

    Vice-President Namadi Sambo on Friday hailed the United Kingdom for its support to Nigeria, particularly in debt management. Sambo made the commendation when he received the reports on the partnership between the UK-Department for International Development and...

    • Posted January 11, 2014
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  • Gas shortage, transmission hitches threaten power supply – Investors

    Private sector investors in the power generation and distribution companies on Wednesday said President Goodluck Jonathan’s directive to improve electricity supply across the country by June was being threatened by the inefficiency of the Transmission Company of...

    • Posted January 10, 2014
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  • Operators fault NPA, back Shippers Council as port regulator

    Operators in the maritime industry have accused the management of the Nigerian Ports Authority, NPA, of neglecting their interest, even as they expressed confidence in the proposed move by the Federal Government to make the Nigerian Shippers...

    • Posted January 10, 2014
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  • CBN introduces new payment system

    The Central Bank of Nigeria (CBN) has introduced a new payment system called Real-Time Gross settlement (RTGS) system as part of efforts to implement Payment System Vision (PSV)2020 strategy. Mr Tunde Lemo, CBN Deputy Governor (Operations), made...

    • Posted January 10, 2014
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  • Poor services: Telecoms firms know fate soon

    Telecommunications service providers will know their fate later this month as far as punishment for rendering poor quality services is concerned. Our correspondent learnt from a top source in the Ministry of Communications Technology that the industry...

    • Posted January 10, 2014
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  • NIMET, accident bureau move to prevent air mishaps

    The Nigerian Meteorological Agency and the Accident Investigation and Prevention Bureau have announced that they have doubled their efforts to enhance aviation safety and security this year. The spokesperson, Aviation Parastatals, Mr. Yakubu Dati, who gave the...

    • Posted January 10, 2014
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  • Oando nears completion of $1.66bn asset acquisition

    Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg stock exchanges, on Wednesday said it was on the verge of completing its purchase of ConocoPhillips’ Nigerian assets valued at $1.66bn. SBG Securities’ oil...

    • Posted January 10, 2014
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