Now Is Time To Remove Fuel Subsidies
The dramatic change in the level of subsidy was due to the increase in national demand to 35million litres/day, sometimes, more, as well as...
Insurance Stakeholders Commit To Create 300k Jobs In 10 Years
Identifying that the insurance industry has not contributed its optimum to the Nigerian economy, stakeholders led by Coordinating Minister in charge of the Economy...
Shippers’ Council As New Port Regulator
Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has reiterated the Bureau’s commitment to ensuring that the Nigerian Shippers’ Council...
Toyota Recalls 1.75mn Vehicles Globally
World’s leading car maker, Toyota has recalled 1.75 million vehicles globally, over glitches that posed a fire risk or threatened to “degrade” brake performance,...
IMF Insists On Prudent Use of Bond Proceeds
To ease repayment imperatives at maturity, the International Monetary Fund (IMF) has warned African governments against spending monies realised from sovereign bond issuance on...
How MDGs Office Empowers Rural Farmers
Senior Special Assistant to the President on the Millennium Development Goals, Dr. Precious Gbeneol has enjoined farmers who got free fertilizers during the official...
Nigeria’s Trade With China Hits $11.7b
THE bilateral trade volume between Nigeria and China has hit $11.76 billion in the first eight months of this year. This represents a 36...
President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW
President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW
President Goodluck Jonathan will sign the Mambilla Hydro Dam contract next month.
The Minister of State...
Obama’s $14bn Infrastructure Initiative To Boost Investment
Nigeria and the United States have commenced plans to leverage on US President Barack Obama’s $14bn investment pledge for Africa, for an effective financing...
UBA Group Appoints Tony Elumelu Chairman
The board of United Bank for Africa Plc (UBA) has appointed Tony O. Elumelu as Chairman, succeeding Ambassador Joe Keshi.
Elumelu retired as Group Managing...
NICOM Endorses Airtel Insurance Plan For Subscribers
Airtel Nigeria, MicroEnsure and Cornerstone Insurance Plc have jointly launched a free insurance product which offers Airtel customers life and medical insurance with increasing...
FG Approves $4.7bn To Boost Electric Supply
Minister of Power, Prof. Chinedu Nebo says the Federal Government has approved $4.7 billion for the expansion of power transmission and increase electricity supply...
Nigeria To Begin Chocolates Manufacturing
Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said that Nigeria is expected to generate $1.5 billion from cocoa exports in 2014.
Adesina...
DHL Support Call For Renewal Of AGOA
Trade relationship between the United States and Africa, as well as the African Growth and Opportunity Act (AGOA) - which provides exporters duty-free access...
CBN Revokes Licences Of 766 BDCs
For failing to meet the July 31, 2014 recapitaisation deadline, operating licences of 766 Bureaux De Change have been revoked by the Central Bank...
Positive Results From Power Privatisation
Director-General, Bureau of Public Enterprises (BPE), Benjamin Dikki, said power privatisation in the country had started yielding results with 18-hour uninterrupted power supply to...
Ebola Sickens Economies of West Africa
Sandi Sesay’s boss promised him three months of pay when he told the driver to stop coming to work. The goal was to prevent...
CBN Governor: The Legal Implication of Suspension
On the 20th February, 2014, President Goodluck Jonathan suspended Mallam Sanusi Lamido Sanusi as the Governor of Central Bank of Nigeria. The Presidency premised...
FG begins inspection of local automobile assembly plants
... Says new policy has attracted more investors into Nigeria
The Federal Government has commenced onsite inspection of local automotive assembly plants across the country...
‘Private sector needs N960bn to invest in power’
“Huge amount is required to invest in the power sector and the financial institutions are needed to finance some of these projects. The private...