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All posts tagged "Nigeria"

  • Reps ask CBN to implement single-digit lending rate

    The House of Representatives on Wednesday pushed for a single-digit benchmark lending rate in the country’s banking industry. It directed its Committee on Banking and Currency to engage the Central Bank of Nigeria on the matter with...

    • Posted February 21, 2013
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  • Nigeria needs radical change, not slogans – Oshiomhole

    EDO State Governor Adams Oshiomhole Wednesday insisted that solving Nigeria’s problems required revolutionary agenda and not transformation as is being orchestrated in some quarters. The governor stated this when he received the new leadership of the Edo...

    • Posted February 21, 2013
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  • Eleme Petrochemicals secures IFC’s $375m facility

    THE International Finance Corporation (IFC)-a member of the World Bank Group, has approved a $375 million (N59 billion) facility for infrastructure upgrade of Eleme Petrochemical Company’s operations in Rivers State. Already, IFC has signed a loan for...

    • Posted February 21, 2013
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  • PIB: Uncertainties stall Shell’s $30bn investment

    The Country Chair of Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited, SPDC, Mr. Mutiu Sunmonu, has said that the non-passage of the Petroleum Industry Bill, PIB, is among...

    • Posted February 21, 2013
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  • AMCON extends repayment period for N1.5trillion debt

    The Asset Management Corporation of Nigeria has restructured a total of N1.5tn loans as part of efforts to recover debts owed it by corporate organisations, our correspondent has gathered. The amount represents an increase of N500bn and...

    • Posted February 20, 2013
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  • Pension scam: Reps back Senate over Maina’s sacking

    MEMBERS of the House of Representatives, yesterday, rose in support of the earlier call by the Senate to sack Chairman of the Pension Reform Task Force Team, Mr Abdulrasheed Maina. This came as the Speaker, Hon Aminu...

    • Posted February 20, 2013
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  • Telecoms infratructure needs special protection – NCC

    Against the backdrop of the heat constantly generated by poor quality of telecoms services in the country, the telecoms operators and the government have been collaborating on ways to put an end to the unfortunate development. The...

    • Posted February 20, 2013
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  • Nigeria needs N350bn yearly to provide stable water – Jonathan

    President Goodluck Jonathan had disclosed on Monday that Nigeria needs about N350 billion yearly to tackle its water and sanitation challenges, adding that lack of portable water for rural and sub-urban dwellers could no longer be tolerated....

    • Posted February 19, 2013
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  • World Bank team gives high marks to Fadama III project in Cross River

    The World Bank Task Team in Uyanga, Cross River, has said that the Fadama III Project implementation in the state is far ahead of other states in Nigeria. The team Leader, Dr Abimbola Adubi, said this after...

    • Posted February 19, 2013
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  • Toyota retains leading position in Nigerian market

    DESPITE the tough times, Toyota Nigeria Limited, last year maintained the number one position on the imported vehicle chart with a total of 19,755 vehicles. The figure represents 40.7 per cent of the total new vehicles imported...

    • Posted February 19, 2013
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