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Dangote Sugar Plans Further Acquisition To Boost Investment
The management of Dangote Sugar Refinery Plc has disclosed that it will be involved in various acquisitions in the next few years to boost its ...
Blackberry To Be Banned In Nigeria
Blackberry services could be at risk of being banned in the country as a new regulation by the Nigerian Communications Commission, NCC, will run counter ...
Inputs in Agriculture to Hit N48trillion by 2030
The plan by the Federal Government to increase inputs in agriculture to enhance capacity utilisation is a welcome development for farmers and stakeholders in the ... Full story
"The Benefits of the Sovereign Wealth Fund"
Chief Kingsley Ikpe is a former bank chief and chairman of Ithoki Energy Resource. In this interview, the economic consultant speaks on why government can’t ... Full story
Africa Finance Corporation to invest N480bn in sub-Saharan Africa
Africa Finance Corporation (AFC), a Lagos-based development financier, is considering potential investments worth $3 billion across sub-Saharan Africa over the next year, its ... Full story
AfDB launches annual development effectiveness review 2011
The African Development Bank (AfDB) on Friday launched the premier edition of its Annual Development Effec-tiveness Review (ADER), on the sidelines of its Annual Meetings ...
NPDC production hits 102,000 b/d
By Clara Nwachukwu The Nigerian National Petroleum Corporation, NNPC, said crude production at its upstream subsidiary the Nigerian Petroleum Development Company, NPDC, has increased to 90,000 ...
Accion MFB grows by 22.7%, to introduce ATM cards
By Amaka Abayomi The chairman of Accion Microfinance Bank, Mr. Patrick Akinwutan, has said that the profit after tax of the bank grew by 22.7 per ...
Seven Energy reiterates commitment to Nigeria’s gas resources
By Yemie Adeoye Seven Energy, an indigenous gas focused exploration and production company has reiterated commitment to the development of Nigeria’s huge gas resources, just as ...
IPP: As states and private sector joins in the fray
By Yemie Adeoye Just a couple of weeks ago,the Lagos State Government commissioned a 10MW Independent Power Plant, which delivered in record time of about 18 ...
Noble Extends Footprint in West Africa
Noble has joined a venture that is exploring the AGC Profond block located offshore Senegal and Guinea-Bissau in West Africa. The AGC Profond block, covering more ...
Wema Bank grows shareholder’s funds to N15bn
BY PROVIDENCE OBUH Wema Bank Plc has recorded significant improvement in its financial performance, as its shareholders’ fund rose to N14.837 billion from a negative position ...
Investment value on NSE dips by N85bn
BY MICHAEL EBOH & PROVIDENCE OBUH Investment value on the Nigerian Stock Exchange, NSE, dipped last week by N85.38 billion, as the market capitalization and All-share ...
Kerosene distribution: Depot, Jetty operators criticize exclusion …
NNPC releases 10,000\MT into market By Clara Nwachukwu Depot and Petroleum Products Marketers Association, DAPPMA, and the Jetty and Petroleum Tank Farm Operators of Nigeria, JEPTFON, have ...
Dangote Cement factory to commence production August
BY Emmanuel Elebeke Less than one months of the Presidential directive for cement manufacturers in the country to crash the price of their commodity, the new ...
LAGOS AIRPORT: Water Main Not Serviced For 33 Years
The Federal Airports Authority of Nigeria, FAAN, has disclosed that the reason the water main at the Murtala Muhammed International Airport in Lagos State, Southwest ...
NIS rakes in N45bn from issuance of e-passport
…arrests 6 suspects for forgery BY VICTORIA OJEME ABUJA-The Nigerian Immigration Service has so far generated N45, 365, 545, 500 from the issuance of e-passport due to ...
Coca-Cola holds on to Ogunsanya, Amosun’s Chief of Staff appointee
BY KOLADE LAREWAJU ABEOKUTA-THERE are indications that Coca-Cola International, employers to Mr. Segun Ogunsanya, who was appointed Chief of Staff to Ogun State Governor, Senator Ibikunle ...
NYSC boss warns contractors over sub-standard kits
By Victoria Ojeme ABUJA- Director-General of the National Youth Service Corps, NYSC, Brigadier-General Maharazu Tsiga, weekend, warned against supply of sub-standard kits for Batch B corpers, insisting ...
Discordant tunes over CBN cash withdrawal policy
By Udeme Clement The cashless policy which the Central Bank of Nigeria (CBN) says begins in June 2012 but has now been brought forward to ...
The imperatives of maritime ministry, devt bank
By Udeme Clement As the new administration commences, many stakeholders in the maritime industry are calling on President Goodluck Jonathan, to create a maritime ministry and ...
‘Nigeria needs inventors to drive economic growth’
By Wale Akinola Federal Government, two months ago, signed a patent for the Business Manager , a resource for entrepreneurs which comes in hard and soft ...
NEXIM Bank budgets N285bn for non-oil exports
The Nigerian Export- Import (NEXIM) Bank said it would commit a total sum of N285 billion within the next five years to support non-oil exports ...
Stanbic IBTC Pension Managers launches campaign on safety of savings
Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Bank PLC, has launched a new advertising campaign with the objective of encouraging employees as ...
NIMASA seeks private partnership on marine waste management
By Udeme Clement The Nigerian Maritime Administration and Safety Agency (NIMASA) has called for public private partnership in a bid to effectively manage ship-generated waste within ...
S. Africa launches job fund to fight 25% unemployment
South Africa on Tuesday launched a nine billion rand ($1.3-billion, 911-million-euro) fund that aims to create 150,000 jobs in three years to fight the country’s ...
FG’s Privatization programme is a failed project —Abu
BY PETER DURU A consultant to the defunct National Economic Intelligence Council, NEIC and former member of the National Working Committee of the ruling PDP, Dr ...
UN calls for African trade diversification
Story by Daniel Gumm African countries should develop closer ties with both traditional and emerging partners, to boost sustainable and inclusive growth, according to a ...
NSE capitalisation appreciates by N13bn
BY PROVIDENCE OBUH The downward trend on the Nigerian Stock Exchange was halted Wednesday, as equities value represented by the market capitalisation appreciated by N12.70 billion. In ...
ACCION Int’l launches microfinance in the Amazons
ACCION International, a pioneer and leader in global microfinance, has announced the inauguration of ACCION Microfinancas, a new microfinance organization located in Manaus, the capital ...
T.B. Joshua: "I Would Have Halted President Mills' Death If..."
Founder and General Overseer of the Synagogue Church, Prophet T.B. Joshua says in an unusual manner, God did not reveal the death of Ghana’s President, ... Full story
Breaking News
Ogun State Government Locks Out Civil Servants Who Came To Work Late
Ogun State Government on Monday, at its Oke Mosan secretariat, locked out civil servants, who came late to work. The two gates, leading to the complex, ...
Large crowd receive Chinua Achebe’s body at Enugu Airport
Enugu - The remains of the late literary icon, Prof. Chinua Achebe, arrived at the Akanu Ibiam International Airport, Enugu, and were received by a large ...
Nelson Mandela’s Daughters Suing Him For Rights To His Property
NELSON Mandela’s daughters are suing him for the rights to his artworks and control of his millions, it has been reported. According to the Star on ...
Army relaxes curfew in Yola
By Umar Yusuf Yola – The 23 Armoured Brigade of the Nigerian Army, Yola has announced the review of the curfew imposed in the state at the ...
Russian Spacecraft Returns To Earth With Most Of Its Crew Dead
A Russian spacecraft containing 45 mice, 8 gerbils, and 15 newts returned to Earth on Sunday. The spacecraft, a modified Bion-M life sciences satellite, was launched ...
Dana crash: Coroner threatens to close pathologist’s testimony
A Lagos State coroner court in Ikeja conducting an inquest into last year’s crash of a Dana Airline plane may cut short the testimony of ...
Open Letter To Movie Star, Judith Mazagwo, Afrocandy From An Igbo Man
For some days now, controversial actress-cum-singer, Judith Opara Mazagwu better known as Afrocandy has been in the news for her unclad movie. While she has ...
Enugu Receives Professor Chinua Achebe's Body
Achebe's body being loaded into Overland aircraft ...
Study Reveals Surprising Truth About High Heels
Much like a misbehaving popstar or gluten-filled food, high heels have developed a very bad reputation lately. Scientists have produced study after study proving what ...
Nine Minors Informant To Kidnappers, Assassins Nabbed
Nine minors, all males, suspected to be members of four different dreaded cult groups that have been disguising and acting as informants to kidnappers and ...