All posts tagged "headline"

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  FG lifts ban on oil bunkering operations

  The Federal Government has given a nod for the resuscitation of oil bunkering operations in the nation’s territorial waters. According to experts, bunkering is like running a gas station on the sea. It provides fuel such as...

  • Posted January 10, 2014
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  FCMB signs $150million loan deal with Commerzbank, others

  First City Monument Bank(FCMB) Limited has signed a $150m senior unsecured term loan deal with Commerzbank Aktiengesellschaft and Standard Chartered Bank. According to the bank, the agreement represented its largest fundraising in the commercial bank syndicated loan...

  • Posted January 9, 2014
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  Investors to raise N117bn for Lagos-Ibadan Expressway reconstruction

  Indication emerged on Tuesday that the reconstruction of the Lagos-Ibadan Expressway would be largely private-sector financed. The Federal Government said it had made a provision for N50bn, representing 30 per cent of the N167bn cost of the...

  • Posted January 9, 2014
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  NLC demands urgent passage of PIB

  NIGERIA Labour Congress, NLC, has declared as unacceptable the fact that the Nigeria’s petroleum sector is still regulated by the old Petroleum Act of 1969, calling on the National Assembly to immediately pass the protracted Petroleum Industry...

  • Posted January 9, 2014
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  Presidency, police insurance, bank charges to gulp N556m

  The Presidency, ministries of Agriculture and Rural Development and Finance, as well as police formations and commands, among others, are to spend the sum of N555.98m on financial expenses such as bank charges and insurance premium this...

  • Posted January 9, 2014
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  External reserves fall by $301m as Naira loses 2 kobo

  The nation’s external reserves continued its downward trend as it fell by $301 million to $43.31 billion  from $43.61 billion in the first six days of 2014. Meanwhile, the naira depreciated marginally by two kobo at the...

  • Posted January 9, 2014
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  Presidency to get draft revenue formula soon – RMAFC

  The draft revenue formula will soon be sent to the Presidency, the Revenue Mobilisation Allocation and Fiscal Commission has said. In a telephone interview with our correspondent in Abuja on Tuesday, the Head, Public Relations, RMAFC, Mr....

  • Posted January 9, 2014
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  Poor services: Subscribers want sanctions for telecoms firms

  Telecomms subscribers in the country have called on the Ministry of Communication Technology, Consumer Protection Council and the Nigerian Communications Commission to punish telecoms operators for rendering poor quality services in line with their decision last month....

  • Posted January 9, 2014
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  Ebonyi biomass turbine project to cost $15m – Official

  The five megawatts Ebonyi biomass gas turbine project being executed in collaboration with the UN Industrial Development Organisation, is to gulp $15m dollars, according to an official. Chief Ben Okah, the Commissioner for Public Utilities, told the...

  • Posted January 9, 2014
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  Lemo retires as CBN deputy governor

  The Central Bank of Nigeria (CBN) has announced the retirement of Mr Babtunde Lemo, the Deputy Governor, Operations Directorate. In a statement in Abuja on Wednesday, the Apex bank said that Lemo was retiring from service on...

  • Posted January 8, 2014
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