Thursday, October 21, 2021

Pirates kidnap U.S sailors off Nigerian coast

Pirates attacked an oil supply vessel off the Nigerian coast and kidnapped the captain and chief engineer, both United States citizens, an American defense...

House Probes NCAA’s Purchase of Armoured Cars for Oduah

•Minister’s ties with presidency impedes EFCC investigation By Onwuka Nzeshi, Reuben Buhari and Dele Ogbodo  and Chinedu Eze The House of Representatives Tuesday ordered an investigation into...

$9b Refinery Project: Dangote Seeks Support Of Stakeholders

After successfully mobilising funds for his $9 billion investment in refining and petrochemical sub-sector of the petroleum industry, President of Dangote Group, Aliko Dangote,...

Banks’ Reserves with CBN Hit N3.176 Trillion

The total amount of deposit money banks’ (DMBs’) reserves with the Central Bank of Nigeria (CBN) further increased significantly to N3.176 trillion in September...

Counting the cost of Boko Haram crisis

In the fight against the Boko Haram sect, much has been heard about the casualty figures in men and material without commensurate information on...

NASS Begins A Process To Make Growth Enhancement Scheme (Ges), A Law

The Growth Enhancement scheme (GES) – the nerve centre of the on-going agricultural revolution in Nigeria received further accolade today as National Assembly vows to sustain...

Banks alone can’t fund power sector – FBN

Nigerian banks would need the support of institutional and foreign investors to fund the huge resources needed to drive various ongoing infrastructure projects, especially...

Industrialists Insist on Economic Diversification

The Lagos Chambers of Commerce and Industry (LCCI), has once more warned against the danger of having the oil sector as the country’s economic...

State Of Emergency: NEMA Distributes Relief Materials In Adamawa, Borno, Yobe

The National Emergency Management Agency (NEMA) said it  distributed relief materials in parts of Borno, Adamawa and Yobe to cushion the effect of the...
dangote

Dangote To Overtake FG As Biggest Employer Of Labour

With a plan to create 750,000 jobs in the next five years and thereafter raise it to one million,  Dangote Group will overtake the...

FG, states, LGs share N1.19tr August, September allocations

The Federation Account Allocation Committee (FAAC) yesterday approved and disbursed a whopping N1.196 trillion to the three tiers of government for the months of...

KNSG Awards N14.2 Billion Ipp Contract

Kano state Executive Council presided over by Governor Rabi’u Musa Kwankwaso has approved execution of Tiga dam and Challawa Gorge Hydroelectricity Projects at the...

Global Recognition For Nigeria Mdgs Efforts

World leaders at the just concluded United Nations General Assembly renews their efforts toward alleviating the plight of the poor in the society as...

Naira Depreciates as Dollar Liquidity Thins Out

The naira depreciated against the United States dollar at the interbank market Wednesday as importers started to lock-in their hard currency needs at favourable...

Nigerians in Diaspora to remit $21bn in 2013 – World Bank

World Bank report released at the weekend has said remittances from Nigerians currently in the Diaspora are estimated to increase up to $21 billion...

NAHCO spends $70m on equipment, infrastructure

The Nigerian Aviation Handling Company (NAHCO) PLc said yesterday that it has invested over $70 million on equipment, infrastructure and training of its personnel...

Completed NIPPs To Add 5,000MW To Power Generation

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...

NDIC, judiciary, police to prosecute operators, debtors of 103 MFBs

The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103...

Oando plans 50 mega filling stations

Oando Marketing, a subsidiary of integrated oil firm, Oando Nigeria Plc, unveiled plans to build 10 mega filling stations yearly in five years in...

Cross River 76 Oil Wells and The Supreme Court Judgment

On Tuesday, July 10, 2012, the Nigerian Supreme Court struck out the case that was instituted by the Cross River State Government against the...