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Private sector to finance N220bn 4th Mainland Bridge
The private sector in the country is to finance the construction of the 4th mainland bridge with N220 billion. This was disclosed by the Commissioner for Economic Planning and Budget, Lagos State, Mr....
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Sanusi foresees 4 % inflation rate in 2015
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said that the nation could achieve four per cent inflation rate in 2015. Sanusi made the projection at the Chartered...
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Customs to recover over N27b from pre-arrival assessment
The Comptroller General of the Nigeria Customs Service (NCS), Abdullahi Dikko, has stated that it is set to generate over N27billion revenue with the implementation of the new regime called the...
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MAN awards Gov Jang for enhancing industrial growth
By Godfrey Sunwar, Jos The Governor of Plateau State, Dr Jonah David Jang, has bagged an award from the Manufacturers Association of Nigeria (MAN), North Central Zone chapter, for his massive...
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When to announce my successor – Sanusi
The Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, has said that his successor should be announced three months to the end of his tenure. He also advised his successor to continue...
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Price of rice goes up, scarcity looms as poor quality floods market
Price of rice has hit the roof and low quality brand has flooded the market just as farmers have threatened to stop rice cultivation according to Tunji Owoeye, Chairman of RIMIDAN (Rice Millers...
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Market Cap loses N104billion in five days
The market capitalisation of entities on the main board lost by N104 billion or 0.83 percent within 5 days to close last Friday at N12.449 trillion as against the preceding week’s closing figure of...
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NTI pays 7 years retirement benefits
CHAIRMAN, RIVERS CHAPTER OF THE NIGERIAN UNION OF PENSIONERS, MR EDWARD-FESTUS ABIBO (M), ADDRESSING FELLOW PENSIONERS AND GOVERNMENT OFFICIALS DURING A PEACEFUL PROTEST OVER NON PAYMENT OF THEIR...
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Contractors sue Energy Commission over N8.9bn debt
The Association of Rural Electrification Contractors of Nigeria has dragged the Energy Commission of Nigeria and the Ministry of Finance before an Abuja Federal High Court over N8.9bn debt. Those...
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Reducing interest rate will raise inflation – Sanusi
FROM LEFT: CBN GOVERNOR, MALAM SANUSI LAMIDO SANUSI; GOV. KAYODE FAYEMI OF EKITI, AND MINISTER OF FINANCE, DR NGOZI OKONJO-IWEALA AT THE NATIONAL ECONOMIC COUNCIL MEETING IN ABUJA The Governor of the...
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FG okays FCT economic summit on investment
Senator Bala Mohammed The Federal Government has approved a special Abuja Economic Summit to unleash the huge economic and investment potential of the Federal Capital Territory. The event is also...
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Banks move to checkmate activities of e-fraudsters
Banks have commenced moves to protect their customers from the rising wave of electronic fraudsters by fortifying their internet platforms with additional security features. In recent times...
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NSE ASI down by 0.23% on Tuesday
Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Tuesday with the All Share Index, ASI, closing lower at 38,955.42 basis points losing by 89.65 points or 0.23...
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N50b for electricity firms to boost power
Owners of the Electricty Generation Companies (GENCOs) are to get a N50 billion prop from the Federal Government, which is desperate to expand electricity generation. The N50 billion will come in form...
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Honeywell unveils N10bn flour mills
Honeywell Flour Mills Plc, Nigeria’s leading manufacturer of flour and a range of flour-based products has unveiled its multi billion naira world class flour mills in Lagos. Speaking to journalists...
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West African underwriters agree on harmonisation plan
COMMISSIONER FOR INSURANCE, NATIONAL INSURANCE COMMISSION, MR FOLA DANIEL (L), WITH THE CHIEF TECHNICAL DVISER, MICRO-INSURANCE ILO/UNCDF, MR YOSEPH ASEFFA, AT A STAKEHOLDERS’ WORKSHOP ON...
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Senate queries Minister of Power
The Senate Committee on Power, Steel Development and Metallurgy, on Tuesday, queried the Ministry of Power over its alleged failure to deploy the N16 billion approved for rural electrification...
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Discovery Airways to begin commercial flight operations on December 15
The latest entrant into the Nigerian aviation industry, Discovery Airways Ltd., may commence commercial flight operations by Dec.15, its Managing Director, Capt. Abdulsalami Mohammed, has said....
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N50bn for electricity firms to boost power
Owners of the Electricty Generation Companies (GENCOs) are to get a N50 billion prop from the Federal Government, which is desperate to expand electricity generation.The N50 billion will come in form...
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American teenager buys a car for just $1 in amazing deal
An American teenager definitively won Black Friday. The crazy day of drastic discounts and rock-bottom prices sees Americans, and now shoppers on this side of the pond, go wild in their search for a...
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