AIRTEL’S CHIEF MARKETING OFFICER RESIGNS
Mr. Olu Akanmu, the Chief Marketing Officer of one of the leading telecommunication industries in the country, Airtel Nigeria, has resigned his appointment with the company to pursue other interests. ...
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Nigeria Business News
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Business
Friday, May 24, 2013 10:09:43 AM
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JONATHAN RECOVERS AJAOKUTA FROM GLOBAL STEEL – SENATOR ADEYEMI
CHAIRMAN, Senate Committee on the Federal Capital Territory Committee, Senator Smart Adeyemi (PDP, Kogi West), yesterday, said President Goodluck Jonathan has recovered the dead Ajaokuta Steel Complex...
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Friday, May 24, 2013 9:30:02 AM
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NRC SHOPS FOR PRIVATE INVESTORS TO DRIVE RAIL TRANSPORTATION
Nigerian Railway Corporation (NRC) is shopping for investors under a Public-Private Partnership initiative to drive railway operations in the country. Managing Director, NRC, Engr. Adeseyi Sijuade, wh...
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Friday, May 24, 2013 9:25:54 AM
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EFFECTIVE E-PAYMENT SYSTEM CRITICAL TO BANKING SERVICES – SANUSI
Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, CON, has maintained that effective e-payment system was critical to banking services in the country. Speaking in Lagos during...
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Friday, May 24, 2013 9:20:14 AM
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FG RELEASES N200BN FOR SECOND QUARTER; POWER SECTOR GETS LARGEST SHARE
The Federal Ministry of Finance on Thursday released the sum of N200 billion for the second quarter of the fiscal year. This it said was to ensure progress in the execution of capital projects capture...
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Nigeria Business News
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Business
Friday, May 24, 2013 8:25:01 AM
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FEC APPROVES CONSTRUCTION OF TWO DAMS IN KARSHI
Federal Executive Council (FEC) has approved the construction of two dams in Karshi area of Abuja. Olajumoke Akinjide, Minister of State for Federal Capital Territory (FCT), gave the hint while addres...
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Thursday, May 23, 2013 7:32:17 PM
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FG COMMISSIONS KADUNA REFINERY ACCESS ROAD
Federal Government today, Thursday commissioned the newly Kaduna Refinery Access road, in Kaduna state. Bashir Yuguda, Minister of State for Works, who performed the ceremony reiterated the present ad...
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Thursday, May 23, 2013 7:20:19 PM
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FG OFFERS 100% REPATRIATION OF PROFITS TO FOREIGN INVESTORS
Federal Government today, Thursday, rolled out robust incentives for foreign investors who are willing to invest in the country, according to Vice President Namadi Sambo. Other incentives include 100 ...
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Thursday, May 23, 2013 7:15:55 PM
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REPS FAULT NNPC OVER NON-PAYMENT OF N142BILLION
Members of the House of Representatives today, Thursday, expressed displeasure over the failure of Nigerian National Petroleum Corporation ((NNPC) to remit the sum of N142 billion to the Consolidated ...
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Thursday, May 23, 2013 6:37:29 PM
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FAAN EVACUATES ABANDONED AIRCRAFT AT ABUJA AIRPORT
The Federal Airports Authority of Nigeria,FAAN,has embarked on the removal of abandoned aircraft at Nnamdi Azikiwe International Airport, Abuja, DailyPost has gathered. Chris Bature, the General Manag...
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Business
Thursday, May 23, 2013 4:57:43 PM
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CAPITAL MARKET RECOVERS 94.3% OF 2008 LOSSES
If the figures obtained at the close of Wednesday’s equity trading is anything to go by, then the capital market is well on the way to hitting the pre-meltdown peak of 2008. Investigations by our corr...
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Nigeria Business News
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Business
Thursday, May 23, 2013 9:18:09 AM
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AVIATION POLICY: 20 PRIVATE JETS LEAVE NIGERIA
About 20 private jets registered abroad but flying in Nigeria may have left the country barely one month after the Federal Government unveiled a new policy barring foreign-owned aircraft from staying ...
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Nigeria Business News
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Business
Thursday, May 23, 2013 9:08:55 AM
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BANK CEOS APOLOGISE TO REPS FOR NON-APPEARANCE
Nine bank chief executive officers who failed to honour the invitation of the House of Representatives Committee on Finance on May 12, complied with the summon on Wednesday with apologies in Abuja. Th...
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Thursday, May 23, 2013 8:58:56 AM
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10,000 MEGAWATTS TO BE GENERATED BY DECEMBER – FG
THE federal government, yesterday, disclosed that plans had been concluded to move from the present position of power generation of 4,500 to 10,000 megawatts by December. Speaking when she appeared be...
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Business
Thursday, May 23, 2013 8:48:24 AM
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LAGOS EARNS N29BN IGR, BEGS FG TO PAY N13BN DEBT
Lagos State Government,yesterday, said it recorded a monthly revenue increase of N29.0 billion in 2012 as against an average of N18.9 billion in 2008, even as it appealed to the Federal Government to ...
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Thursday, May 23, 2013 8:41:38 AM
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JANG TELLS ANAN TO RE-EXAMINE, RE-EVALUATE ACCOUNTING CODE OF CONDUCT IN THE COUNTRY
The Plateau State Governor, Dr. Jonah Jang has called for the re-examination and re-evaluation of the Code of Conduct of the accounting profession in the country, decrying that most corrupt practices ...
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Nigeria Business News
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Business
Thursday, May 23, 2013 7:00:27 AM
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DANGOTE TO INVEST $600MILLION IN THREE STATES FOR SUGAR PRODUCTION
President, Dangote Group of Companies, Alhaji Muhammed Aliko Dangote, has pledged that his company will invest over $600m in the production of sugar in Kwara, Kebbi and Sokoto States. Dangote stated t...
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Thursday, May 23, 2013 6:58:51 AM
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OANDO ADDS 2,500 BPD PRODUCTION CAPACITY FROM EBENDO OIL FIELD
Oando Energy Resources has announced the completion and testing of the Ebendo 5 well, which is expected to contribute additional 2,500 barrels of oil per day (bpd) from the field. The development, acc...
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Nigeria Business News
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Business
Wednesday, May 22, 2013 12:30:27 PM
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FIRST BANK UPGRADES IT INFRASTRUCTURE FOR ENHANCED SERVICE DELIVERY
First Bank of Nigeria is currently upgrading its IT infrastructure to enhance service delivery and provide specialized financial solutions to all customer segments, the Bank’s management has said. Fir...
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Nigeria Business News
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Business
Wednesday, May 22, 2013 12:21:12 PM
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JONATHAN ORDERS MDAS TO COMPLETE ON-GOING PROJECTS
AHEAD of the second anniversary of the present federal administration, President Goodluck Jonathan has given a marching order to all Federal ministries, departments and agencies to complete ongoing an...
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Wednesday, May 22, 2013 7:46:45 AM
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WHY NCC SHOULD PRIORITIZE DOMINANT-OPERATOR REGULATION – OGII
The Nigerian Communications Commission, NCC, penultimate week, opened the telecom industry up for another debate when it released the operators’ market status and declared two, MTN and Globacom, as do...
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Business
Wednesday, May 22, 2013 7:45:05 AM
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BENIN YOUTHS ISSUE 7-DAY ULTIMATUM TO RCC OVER SACKED WORKERS
Bini Development Union, BDU, a socio-cultural organisation in Edo State, has issued a seven-day ultimatum to Reynolds Construction Company, RCC, operating in the state, to reconsider its decision to s...
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Wednesday, May 22, 2013 7:37:25 AM
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FIDELITY BANK GROWS PROFIT AFTER TAX BY 604%
Fidelity Bank plc yesterday declared a profit after tax of N18.2 billion for its financial year ended December 31, 2012, just as it approved a dividend of 21 kobo per share to its shareholders. The ba...
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Wednesday, May 22, 2013 7:28:31 AM
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AFRICA LOSES $50B ANNUALLY TO FOREIGN BANKS– MBEKI
Former South African President, Mr. Thabo Mbeki said that African leaders launder about $50 billion... more »...
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Omoh Gabriel's Business Blog
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Business
Tuesday, May 21, 2013 8:23:24 PM
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SHELL SAYS HUNT FOR NEW CEO IS UNDERWAY
The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on... more »...
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Omoh Gabriel's Business Blog
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Business
Tuesday, May 21, 2013 8:16:39 PM
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NIGERIA’S POVERTY SHOULD BE LOWER GIVEN GROWTH, IMF SAYS
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an... more »...
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Omoh Gabriel's Business Blog
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Business
Tuesday, May 21, 2013 8:14:19 PM
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CBN RETAINS 12% LENDING RATE
The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per... more »...
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Omoh Gabriel's Business Blog
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Business
Tuesday, May 21, 2013 7:56:43 PM
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SKYE BANK POSTS N127.7 BILLION PROFIT FOR 2012
…plans to invest over $100m million in power sector Skye bank Plc has achieved gross earnings of N127.7 billion in 2012 operations, against N102.4 billion posted in 2011. Besides, the bank announced p...
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Nigeria Business News
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Business
Tuesday, May 21, 2013 10:17:54 AM
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UBA CAPITAL INCREASES GROSS EARNINGS BY 300 PER CENT
UBA Capital Plc tripled gross earnings to N890.3 million in the first quarter of the year and grew Profit Before Tax to N617 million, translating to 211 percent growth when compared to N198 million ac...
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Nigeria Business News
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Business
Tuesday, May 21, 2013 10:15:05 AM
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FAAN CARRIES OUT FURTHER SECURITY CHECKS AT ABUJA AIRPORT
The Federal Airports Authority of Nigeria has introduced more security measures at the Nnamdi Azikiwe International Airport, Abuja, the News Agency of Nigeria has reported. Henrietta Yakubu, the FAAN ...
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Nigeria Business News
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Business
Tuesday, May 21, 2013 7:16:29 AM
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