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All posts tagged "ticker"

  • SURE-P Chairman denies allegations of Corruption

    At a time when the administration of President Goodluck Jonathan has received several knocks in the way it has handled the issue of the  petroleum sector, subsidy and the operations of the power sector , the Chairman...

    • Posted December 10, 2012
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  • Third Quarter Budget Deficit More Than Doubles

    Nigeria’s budget deficit more than doubled in the third quarter to 459.1 billion naira ($2.9 billion), the Central Bank of Nigeria said. The budget deficit of sub-Saharan Africa’s second-largest economy jumped from 211.8 billion naira in the previous...

    • Posted December 10, 2012
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  • General Electric to Begin Assembling Locomotives in Nigeria

    General Electric has said it will start assembling locomotives in Nigeria by next year. If that happens, it could save Nigeria some huge foreign exchange usually used in acquiring locomotives from Brazil. It will help rejuvenate Nigeria’s dying...

    • Posted December 10, 2012
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  • Pentagon moves to send hundreds more spies overseas

    THE United States (U.S.) Pentagon will soon be sending hundreds of additional spies overseas as part of an ambitious plan to assemble an espionage network that rivals the CIA in size, The Washington Post Sunday quoted officials...

    • Posted December 3, 2012
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  • MTN, Glo, Etisalat and Airtel May Face more Punitive Fines – Minister

    The Federal Government may levy more fines against telecommunications companies if their service hasn’t improved by the time service quality checks are made in December, Communications Technology Minister Omobola Johnson said. The telecommunications regulator fined companies including MTN...

    • Posted November 30, 2012
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  • Only 5 banks are healthy – NDIC

    The Nigeria Deposit Insurance Corporation (NDIC) yesterday revealed that there are only five sound banks in the country, even as it stated there are no unsound banks.  Whereas 13 of the banks   are satisfactory, two of them...

    • Posted November 30, 2012
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  • Nigeria Seeks Embraer Deal to Provide Planes to Local Airlines

      The Nigerian government is in talks with Embraer SA (EMBR3) on how its domestic airlines can secure aircraft from the world’s fourth-biggest planemaker, Aviation Ministry spokesman Joe Obi said. A preliminary agreement to pursue discussions was reached during...

    • Posted November 28, 2012
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  • Govt to rescue airlines with $500 million lifeline

    THE Federal Government may have concluded plans to rescue the nation’s ailing aviation industry with the injection of $500 million for the procurement of new aircraft. According to Aviation minister, Stella Oduah-Ogiewonyi,  government this time will not...

    • Posted November 27, 2012
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  • Nigeria Mergers Give Starcomms New Chance Against Rivals

    Nigerian telecommunications companies operating non-GSM technology, led by Starcomms Plc, have another chance to challenge dominant rivals, such as MTN Group Ltd. (MTN), after takeovers and new investments, the Association of Licensed Telecoms Operators of Nigeria said. Starcomms Plc, a...

    • Posted November 26, 2012
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  • FG Validates Manitoba’s Power-Mangement Contract

    The Federal Government validated a power-management contract signed by Canada’s Manitoba Hydro Electric Board in July to run the state-owned power utility Transmission Co. of Nigeria after regulatory approval, the Bureau of Public Enterprises, the privatization agency,...

    • Posted November 22, 2012
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