Banks disbursed N109bn to 20 power firms –CBN

Eleven Deposit Money Banks had so far disbursed the sum of N109.3bn to 20 companies from the N300bn Power and Airlines Intervention Fund provided...

Nigeria, Singapore partner on direct air links, others

Nigeria and Singapore have sealed deals on opening up air links between both countries. They have also agreed to collaborate in areas such as medical tourism,...

Contributory Pension Assets Hit N3.72trn

Total assets under the Contributory Pension Scheme (CPS) have reached an all-time high of N3.72 trillion, the acting Director General of the National Pension...

Elumelu Restates Commitment to $2.5bn Investment in Power Sector

The Chairman of Transnational Corporation of Nigeria (Transcorp), Mr. Tony Elumelu has restated the commitment of his  pan-African proprietary investment company to invest $2.5...

37% of Nigerians Not Aware of Mobile Money Services

A survey has shown that 37 per cent of Nigerians are not aware of mobile money and as such do not use the payment...

Oil theft: FG may lose $12bn in 2013 — Okonjo-Iweala

Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions...

Stock Market Upbeat, Gains N97.09bn

  The Nigerian Stock Exchange (NSE) closed the week on a positive note, consolidating on its previous week’s gains as the market capitalisation gained N97.09...

Nigeria’s inclusion to BRICS countries requires strong industrial sector — MAN

The quest of having Nigeria included in the league of BRICS countries will remain a mirage without a virile productive sector. The out-going chairman, Manufactucturers...

Sanusi: Right Balance, Key in Appointing My Successor

The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi Friday stated that having the right balance in appointing his successor was...

NDIC Repositions, Pledges Safer Financial System

The Nigeria Deposit Insurance Corporation (NDIC) Thursday unveiled a new corporate identity which is aimed at deepening trust, improved communication with depositors as well...

Govt spends N634b on kerosene subsidy

The Federal Government spent about N634billion to subsidise kerosene in the last three years, the Chairman, House Committee on Petroleum, Downstream,Dakuku Peterside, has said. Speaking...

Norway to promote local content in Nigeria’s maritime, oil sector

Norway has entered into a strategic partnership with PEM Offshore to promote local content in the Nigerian maritime and oil and gas sector. Speaking during...

Courier Operators Give FG Ultimatum to Reverse License Fees

The 291 registered courier operators in Nigeria have told the federal government to either extend the yearly renewal of their operational fees from one-year...

Nigeria Will Meet Food Production Target ­— Akinwumi

The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has assured that Nigeria was set to meet its food target by 2015. In a...

PIB bill to pass before 2015- Speaker Tambuwal

The Speaker of the House of Representatives, Aminu Tambuwal, has assured Nigerians that the Petroleum Industry Bill, PIB, would be passed before 2015. Mr. Tanbuwal made this known...

W’Bank Affirms Nigeria’s Progress in Business Regulation

The World Bank Tuesday said Nigeria was inching closer to the global best practice in business regulations since 2009. A new report by the Bretton...

Jonathan writes Reps, presents 2014 budget Nov 12

President Goodluck Jonathan wrote the House of Representatives on Tuesday seeking to present the estimates of the 2014 budget to a Joint Session of...

Crude Oil Theft: NNPC Admits Revenue Shortfall

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, has admitted that the persistent attacks on major crude oil arteries...

National Dialogue: Manufacturers seek protection for industrial sector

As Nigerians prepare for a national dialogue, the Manufacturers Association of Nigeria, MAN, Apapa Branch, has called for an all embracing discourse that will...

Nigeria-Russia trade hits $250m

Trade volume between Nigeria and Russia stands at $250 million, the Russian Ambassador to Nigeria, Nikolay Udovichenko, has said. He said though the figure is not...
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