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Sunday 19th November 2017,
Hope for Nigeria

Old Mutual eyes 15 percent profit growth in Africa

Anglo-South African financial services group Old Mutual plc plans to raise the share of profits generated by its African business to 15 percent by the end of next year from 10 percent at present, the firm said. The group has [...]

February 27, 2014 Africa, Economy, Finance

Africa’s deepwater race heats up

Oil exploration and production are now moving further out into the sea and deeper under the ocean floor, at depths greater than 1000 feet in the quest for the last residual pinches of oil and gas. Deepwater projects are technically [...]

February 27, 2014 Africa, Oil & Gas

BG Group turns to Nigerian LNG to restore lost Egyptian output

BG Group has bought six liquefied natural gas (LNG) cargoes from Ital¬ian utility Enel as it seeks to replace lost supplies from its Egyptian operations. The British firm will take delivery of the car¬goes from October, 2014 at Nigeria’s Bonny [...]

February 27, 2014 Economy, Oil & Gas, Power

General Electric Nigerian sales to triple on gas for power

General Electric (GE) will triple its sales of gas-fired turbines to emerging markets (EM) such as Nigeria, over the next three years, said GE Chief Executive Officer Jeffrey Immelt. “There’s tremendous investment in networks” to get gas from producing regions [...]

February 27, 2014 Oil & Gas, Power

African Leaders Tasked On Security Of Continent

The commandant of the National Defence College, Rear Admiral Patrick Agholor, has advised African leaders to introspectively fashion out ways of securing the continent without being dependent on foreign assistance. Addressing participants at the African Berlin International Conference in Abuja [...]

February 27, 2014 Africa, Environmental issues

Nigeria Denies Shortage Of Vaccine

The National Primary Healthcare Development Agency (NPHCDA), is the main procurer of vaccines for the country. The Executive Director and Chief Executive, National Primary Health Care Development Agency, Dr. Ado Muhammad disclosed this while speaking with journalists in Abuja at [...]

February 27, 2014 Health issues, Societal issues

Tunisian Navy Rescues Over 90 Migrants Off Djerba Coast

The boat was taking on water near the Tunisian island of Djerba when it was intercepted, the ministry said. All 98 migrants on board were rescued. It was not immediately clear which countries they came from. African migrants frequently try [...]

February 27, 2014 Africa

UK Expresses Interest In Fortifying Ties With Nigeria

UK Expresses Interest In Fortifying Ties With Nigeria – office in Abuja, a UK High Commission hub he says will be the largest investment to be made by the foreign office globally. Mr Simmons said the UK government places high [...]

February 27, 2014 Economy, Employment
Naira pressure worsens as reserves fall to $40.46bn

Naira pressure worsens as reserves fall to $40.46bn

Naira pressure worsens as reserves fall to $40.46bn – The pressure on the naira heightened yesterday after reports that Bank of America suddenly downgraded naira-linked instruments on fears of further value hemorrhage in the market. The downgrade followed the fall in Nigeria’s external reserves below [...]

February 26, 2014 General
Asset-Management-Company-of-Nigeria

AMCON to commence sale of nationalised banks in June

AMCON to commence sale of nationalised banks in June – Chike Obi calls for economic, unemployment emergency in Nigeria THE Asset Management Company Limited (AMCON) has announced that the sale of the three nationalized banks would commence in June 2014. [...]

February 26, 2014 Finance
Insurance innovative can sustain economic growth — NAICOM

Insurance innovative can sustain economic growth — NAICOM

By ROSEMARY ONUOHA The National Insurance Commission, NAICOM, has said that the country is much likely to attain a sustained economic growth and development if it can adapt its insurance industry with innovative ways that will bring on board the [...]

February 26, 2014 Business
PPPRA Releases Fuel Import Allocations to Marketers

Downstream operators invested N70bn in two years – PPPRA

Downstream operators invested N70bn in two years – PPPRA – Downstream operators in the country’s oil and gas industry invested over N70bn in the past two years, the immediate past Executive Secretary, Petroleum Products Pricing Regulatory Agency, Mr. Reginald Stanley, [...]

February 26, 2014 Oil & Gas

Pension operators assure on safety of funds

Pension operators assure on safety of funds – Employees in the Contributory Pension Scheme (CPS) have been assured that their funds are protected and would be available to them at their point of retirement. Pension Fund Operators’ Association of Nigeria [...]

February 26, 2014 Business, Economy

Heritage Oil gives high praise for Nigerian oil

Heritage Oil gives high praise for Nigerian oil   – Heritage Oil Chief Executive Office Heritage said production from its Oil Mining Lease 30 area in Nigeria averaged 15,600 barrels of oil equivalent since the start of 2014, a 17 [...]

February 26, 2014 Business, Oil & Gas

Race to become Ondo new Speaker hots up, three names shortlisted

Race to become Ondo new Speaker hots up, three names shortlisted – The death of Ondo State House of Assembly Speaker, Samuel Adesina Ajayi, has created a platform for a fresh race in the state Assembly. Although, many of his [...]

February 26, 2014 Government and politics

Local fish production to increase by N66bn annually in 2017

Local fish production to increase by N66bn annually in 2017 – If Nigeria wins the current battle to increase fish production by 1 million metric tonnes in four years, the country’s production of the staple would increase to the value [...]

February 26, 2014 Business, Economy

Ondo speaker dies of cancer

Ondo speaker dies of cancer – The Speaker of Ondo State House of Assembly,  Honourable Samuel Adesina, is dead. He died on Tuesday at the age of 52 in an undisclosed hospital after battling with what was described as cancer [...]

February 26, 2014 General, Health issues

June 28 date for Lewa Marathon

June 28 date for Lewa Marathon – The 15th Safaricom Lewa Marathon will run on June 28 at the Lewa Wildlife Conservancy organisers, who are targetting over 1,200 entries announced Tuesday. Race Director Sarah Watson, added registration is open with [...]

February 26, 2014 Sports

From Blade Runner to Blade Gunner

From Blade Runner to Blade Gunner – Oscar Pistorius: a champion athlete who beat the odds to inspire millions worldwide, or a disgraced hero with a penchant for guns, beautiful women and fast cars?   Both versions of South Africa’s [...]

February 26, 2014 General, Sports

Nairobi to open mission in Mogadishu

Nairobi to open mission in Mogadishu  – Kenya and the Somalia governments have renewed their commitment to eliminate the Al Shabaab militants and other terror gangs from the region. In a meeting between Deputy President William Ruto and Somalia Prime [...]

February 26, 2014 General

Attempted robbery in Nairobi CBD turns tragic

Attempted robbery in Nairobi CBD turns tragic – Three people including a woman and two suspected thugs were Tuesday killed and two pistols recovered from them in a botched robbery and dramatic shooting along Kimathi Street, Nairobi. Two others were [...]

February 26, 2014 General

Lalit Modi made big bucks in South Africa, claims Vindu

In a sensational expose, Bollywood actor Vindu Dara Singh, who was also named in the Indian Premier League (IPL) match-fixing scandal of 2013, has made startling revelations in the case and alleged that some high and mighty from the arena [...]

February 26, 2014 Economy

Boko Haram kill 43 students, abduct 16 girls in Nigeria school massacre

Boko Haram kill 43 students, abduct 16 girls in Nigeria school massacre – The militant outfit Boko Haram staged yet another brutal show of terror when dozens of them attacked a boarding school in Nigeria's Yobe state after midnight, shooting [...]

February 26, 2014 General
Minister-of-Agriculture-and-Rural-Development-Dr.-Akinwunmi-Adesina

FG, German Development Bank establish $100m agric fund

FG, German Development Bank establish $100m agric fund – The Federal Government and the German Development Bank have established a $100m fund for agricultural financing in Nigeria. The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, stated this at [...]

February 25, 2014 Agriculture
OKONJO-NGOZI

Govt mulls tightening incentives for real sector

Seeks sustainable financing of incentives FOR stakeholders within the real sector seeking waivers as well as those awaiting the implementation of some incentives like the revised Export Expansion Grant (EEG) scheme, they may have to wait a little longer as the [...]

February 25, 2014 Economy
emmanuel-uduaghan

Delta woos investors in move to grow State economy beyond oil

In line with governor Emmanuel Uduagha led government three-point agenda, Delta State has renewed its move to attract investors and achieve non-oil driven economic growth. In a meeting of the business community with Governor Uduagha, he assured investors of the [...]

February 25, 2014 Business
United-Nations

UN, NESG Urge Companies to Adopt Anti-Corruption Laws

By Nume Horsfall The United Nations (UN) Global Compact, in conjunction with the Nigerian Economic Summit Group (NESG), has advised companies to comply with the UN’s anti-corruption statute. The UN Global Compact is the arm of the United Nations that [...]

February 25, 2014 What the papers say

2014 Budget May Be Stalled By Poor Revenue Projection

The passage of the 2014 budget may face another delay following the observation by members of the House of Representatives that the budget preparation process was not inclusive among ministries, department, agencies (MDAs) of government and the Budget Office leading [...]

February 25, 2014 Economy

Al-Makura Lays Foundation Of 160-bed Hospital In Lafia

Nasarawa State governor Tanko Umaru Al-Makura yesterday laid the foundation stone for the construction of a 160-bed hospital in Lafia. Speaking at the occasion, Al-Makura said the project had become imperative considering the increasing health demand of the growing population [...]

February 25, 2014 Health issues

Moral Obligation of Anti-Smoking Law

Last week, the Governor of Lagos State, Mr. Babatunde Fashola (SAN), signed into law two bills establishing the State Emergency Command and Control Centre and the Regulation of Smoking in Public Places. Before signing the two bills at the conference [...]

February 25, 2014 Health issues, Societal issues
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