World Bank report released at the weekend has said remittances from Nigerians currently in the Diaspora are estimated to increase up to $21 billion (N3.28 trillion) for the 2013 fiscal year. The report reveals that Nigeria has a strong and growing Diaspora community, especially in...

The Nigerian Aviation Handling Company (NAHCO) PLc said yesterday that it has invested over $70 million on equipment, infrastructure and training of its personnel in the last two years. The equipment were installed at the Murtala Mugammed Airport, Lagos and other airports were NAHCO carries...

In a couple of month’s time about 5,000MW of power is expected to be added to generation capacity from completed National Integrated Power Projects (NIPP), owned by the federal government and  the 36 states of the federation, President Goodluck Jonathan has said. The President stated...

The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer, Alhaji Umaru Ibrahim, who revealed this, said NDIC...

Oando Marketing, a subsidiary of integrated oil firm, Oando Nigeria Plc, unveiled plans to build 10 mega filling stations yearly in five years in some major cities. Its Chief Operating Officer, Mrs. Olaposi Williams, said as a major player in the downstream sector of the...

On Tuesday, July 10, 2012, the Nigerian Supreme Court struck out the case that was instituted by the Cross River State Government against the unilateral ceding of 76 oil wells to Akwa Ibom State by the National Boundary Commission (NBC) and Revenue Mobilization, Allocation...