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Sunday 22nd July 2018,
Hope for Nigeria

Nigerian Stock Exchange re-launch website

On Monday the Nigerian Stock Exchange (NSE) will upgrade as well as re-launch its website ( according to the Sunday statement of the NSE in Lagos noted by using a lot more modern design, the newest website comes with a [...]

July 14, 2014 Business, Technology

FG Look for More Nigerian Investment in Power

Yesterday, the federal government called on many Nigerians to put money into the energy industry to deal with the long term electricity issues in the country. Speaking during the ground breaking ceremony of 90mega watts power plant in Magboro, Ogun [...]

July 12, 2014 Economy, Power

NNPC to talk to Senate about Revenue Remittance Order

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Mr. Andrew Yakubu has stated the NNPC continuously to consult with related committees of the National Assembly till issues associated with its alleged indebtedness towards the Federation Account had been finally [...]

July 12, 2014 Economy, Oil & Gas

Nigeria Arise Awards will hold in London, August 30

Nigeria Arise Initiative, in colaboration with BEN Television, (United Kingdom), is once more placing details together to acknowledge and commemorate Nigerians in Diaspora as well as from Nigeria in this Centenary year of the nation. Nigeria Arise Awards was launched [...]

July 12, 2014 General, Geography

Nigeria receives Norwegian $15m give for mother, child medical care

Norwegian government has given Nigeria a funding of $15 million in order to improve its maternal as well as child health programme. A Memorandum of Understanding (MoU) of the project to be implemented by Clinton Health Foundation was signed on [...]

July 12, 2014 Economy, Health issues

IDC calls telecom operators to further improve services

The International Data Corporation has contacted operators as well as government agencies to deal with the undesirable amount of services quality afflicting the telecoms market. The IDC, Saturday learnt on Thursday, took this step after weighing up the Nigeria Communication Commission’s latest [...]

July 12, 2014 Economy, Technology, Telecomms

Lafarge Africa to generate 12MT of cement yearly

The new Lafarge Africa, comprising Lafarge Cement WAPCO Plc and also Lafarge South Africa Holdings, may have a manufacturing capacity of 12 million metric tonnes of cement if it will become operational, the company has stated. The company said at [...]

July 12, 2014 Business, Economy

Customs closed Lagos airport cargo terminal

Customs agents as well as freight forwarders upon Friday close down the freight terminal of the Murtala Muhammed International Airport, Lagos, on alleged arbitrary violations by international airlines. This came a few days after the Customs agents and freight forwarders [...]

July 12, 2014 Economy

Very poor storage leading to increase in food prices

The Nigerian Institute of Social and Economic Research, Ibadan, has brought up the alarm on the growing food costs, accusing decrease of 40 % of the nation’s overall food production on farmers’ insufficient storage facility. At the institute’s monthly seminar [...]

July 12, 2014 Economy

NNPC may avoid $218.1m Senate’s order

Signals emerged the Nigerian National Petroleum Corporation may avoid the Senate’s order to bring back $218.1m towards the Federation Account. The Senate on Thursday approved a recommendation by its Committee on Finance that the NNPC should return the money to [...]

July 12, 2014 Economy

Rebased GDP growth declines to 5.49%

On Friday, the National Bureau of Statistics, finally introduced the outcome of the rebased Gross Domestic Product proclaiming that in real terms, the overall economy increased by 5.49% in 2013. The GDP, which was released after it had gone through [...]

July 12, 2014 Economy

Lagos CIBN goes to banking industry for growth

Chartered Institute of Bankers of Nigeria (CIBN) Lagos state branch has got decided plans to placed the banking industry to manage the newest years of growth that's coming up. The Institute tends to achieve this by bringing together key operators [...]

July 11, 2014 Economy

Ilorin Court sentenced 4 persons to death for armed robbery

Yesterday, Ilorin High Court sentenced 4 people to death through hanging for armed robbery and also criminal conspiracy. The condemned guys,Tunde Kareem Ibrahim Olayiwola, Abdul Waheed Aliyu, and also Omotayo Isah, who shortly broke down right after the judgment was [...]

July 11, 2014 General, Oil & Gas

Jigawa approves N199m for Dutse International Airport power supply

Jigawa State Executive Council has got approved a contract award of more than N199 million for temporary supply of power to Dutse International Airport. The state Commissioner for Information, Sports and Culture, Alhaji Babandi Ibrahim, said this yesterday while briefing [...]

July 11, 2014 Economy, Power

Jonathan approves FAAN, NAPTIP, three other agencies

President Goodluck Jonathan has got approved the composition and also appointment of the chairmen as well as members of five Federal Government institutions boards, parastatals and also agencies. The Secretary to the Government of the Federation, Senator Anyim Pius Anyim, [...]

July 11, 2014 Environmental issues

Aregbesola gives 20 Armoured Personnel Carriers (APCs) to Police

The Governor of Osun State, Rauf Aregbesola presented yesterday 20 superior Armoured Personnel Carriers (APCs) worth more than N1.3billion to the police command. Presenting the vehicles to the police, Aregbesola expressed worry at what he called the Federal Government’s penchant [...]

July 11, 2014 General

NACCIMA informed Nigeria to Align On Global Trend

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has informed on Nigeria to line-up along with recent global trend to improve competitiveness through re-focusing and also re-strategising via diversification of economic base away from oil to [...]

July 11, 2014 Business, Economy

Helios Towers Africa increases $630 mln equity following deal along with India’s Airtel

Helios Towers Africa stated on Thursday they have guaranteed equity funding of $630 million through new as well as current investors, a day right after India's Bharti Airtel Ltd have agreed to sell about 3,100 of their telecoms towers in [...]

July 10, 2014 Economy, Telecomms

NAF Provides Protection Tips To Public, Air Force Schools

The Nigerian Air Force (NAF), has presented security ideas to public and also Air Force schools on detection as well as measures to be used in case of suspicious things or Improvised Explosive Devices, IEDs. Air Commodore Yusuf Anas, the [...]

July 10, 2014 Environmental issues, General

102 House Owners Avail Home in Lagos Draw

There are 102 new home owners appeared on Wednesday as being the 5th within the series of the general public draws for Lagos Home Ownership Mortgage Scheme held throughout Lagos. The series of draws began on March 4, this year. [...]

July 10, 2014 Economy, Real Estate

Residents close to Ahafo Mine go for sanitation workshop

Chief Executive Officer of Sustainable Development Focus (SUDEF), Water, Sanitation and Hygiene (WASH) NGO, Mr John Baidoo, has suggested residents near Newmont Ghana Gold Limited within the Ahafo catchment area from spraying weedicides around water bodies so as not to [...]

July 10, 2014 Health issues

Aregbesola Promised To Improve Health Condition Of Osun People

Rauf Aregbesola, Osun State governor has re-echoed his dedication to improve the health condition of people of Osun State. Addressing supporters of the All Progressives Congress (APC) who thronged the ancient town of Ede for his re-election campaign rally in [...]

July 10, 2014 Health issues

Omisore Promises Promptness of Payments on Allowances and Salaries of Workers

Just a month towards the conduct of the Osun State governorship election, the Peoples Democratic Party (PDP) flag bearer, Senator Christopher Iyiola Omisore has got assured of quick payment of wages of employees in the state government service. Addressing party [...]

July 10, 2014 Economy, Employment

FG Floats Support N30bn Fund for Victims of B’Haram

President Jonathan declared the other day that the federal government has worked out plans to float a N30 billion assistance fund for Boko Haram victims attack throughout the country. It was gathered that, while the victims support fund got the [...]

July 10, 2014 Government and politics, Military

Bamidele Aturu, Rights Activist Lawyer, Dies At 49

The well known Lagos-based human rights activist and also lawyer, Mr. Bamidele Aturu, has passed away in Lagos at 49 years old. Though circumstances surrounding his death were sketchy at press time, sources said that the late lawyer was preparing [...]

July 10, 2014 General

House of Reps to Probe Contract on Abuja, Lagos CCTV worth N76 Billion

Yesterday, the House of Representatives led its Committees on Information and Communication Technology, ICT, Public Safety and National Security to probe the ZTE Corporation's failure to carry out agreement for installing Close Circuit Television Cameras, CCTVs, throughout Abuja and also [...]

July 10, 2014 Economy, Telecomms

Nigeria Football Federation was suspended by FIFA

The Nigeria Football Federation (NFF) on Wednesday was suspended by FIFA due to government disturbance, world soccer's ruling body stated in the report. FIFA sent a letter to the NFF last week expressing its concern after the NFF was served [...]

July 10, 2014 Sports

Power companies got N11bn from government within June

The Federal Government in the previous month disbursed more than N11bn as pay outs to market participants within the Nigerian electricity supply industry for the month of April. It said the disbursement was made through the new payment system, the [...]

July 9, 2014 Economy, Power

Kia Motors announced 4.3% growth of sales

Kia Motors Corporation has declared a 4.3% increase in its worldwide sales figures for passenger vehicles, recreational cars and also commercial vehicles for the 1st 6 months of 2014. The company said in a statement on Tuesday that it sold [...]

July 9, 2014 Economy, Technology

Unity Bank clears with 91.5% increase in 6-month profit

Unity Bank presented still more proof of the strength of the Nigeria banking industry when the lender reported half-year profit up by 91.5%. Unity Bank reported revenues of N30.85 billion for that six-month period to June 2014, a growth of [...]

July 9, 2014 Economy