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Wednesday 25th April 2018,
Hope for Nigeria

Global Economy Still Presents Risk For Africa – Standard Bank

Given the fragility of the world economic system, downside risk had not completely left Africa, Kenny Fihla, the head of client coverage at Standard Bank, admitted this week. But Fihla, speaking to Ventures Africa in an exclusive interview on Monday, [...]

March 18, 2014 Economy

Union Bank to sell non-core businesses – CEO

Union Bank plans to sell its non-banking subsidiaries by the end of February next year to focus on retail and business banking in Africa’s second-biggest economy, its chief executive said on Monday. Union Bank was one of nine banks that [...]

March 18, 2014 Economy

Microsoft appoints new country manager for Nigeria

Kabelo Makwane has been appointed as the new country manager for Microsoft in Nigeria, focused on addressing the challenge of local innovation in the country. The South African tech expert is a longstanding employee of Microsoft – most recently serving [...]

March 18, 2014 Business, Economy

POWER: FG TARGETS 75% PENETRATION BY 2020

The Federal Government has said that it was targeting 75 per cent penetration in the power sector by 2020, and that Nigeria still had less than 40per cent access to electricity, which means more than 25million households across the country [...]

March 18, 2014 Economy, Power

FG Permits Discos to Disconnect Indebted Agencies – AGF to Deduct Debts From Source

THE Nigerian Electricity Regulatory Commission, NERC, has granted distribution companies, DISCOs, the liberty to disconnect government agencies which failed to pay their bills. The Chairman of NERC, Dr. Sam Amadi, stated this after the meeting of the operators of the [...]

March 18, 2014 Business, Economy, Power

Consumer Rights Protection Day: Protecting Nigeria’s Telecom Subscribers

The Founder of the Consumer Advocacy Foundation of Nigeria, Sola Salako, said that Nigerian subscribers remain highly frustrated even after many years of the GSM technology in Nigeria. Executive Secretary of the Consumer Rights Project, Onu Uche, blamed the situation [...]

March 18, 2014 Technology

Economic Forum Participants Urged To Discuss Voluntary Work Scheme For Undergraduates

Ahead of the Nigeria Economic Summit that will begin on Tuesday, participants have been tasked on discussing how tertiary institutions can inculcate in undergraduates, the culture of doing voluntary work during their period of studies to equip them with needed [...]

March 18, 2014 Economy

Electricity consumers protest BEDC’s N750 fixed charge

The 20th Nigerian Economic Summit has opened and participants are in high spirit, as they seek to address issues in Nigeria’s education sector. The summit, holding from March 18 to 20 at the Trasncorp Hilton Hotel, Abuja, Nigeria’s capital, has [...]

March 18, 2014 Economy, Power

Torrential rains kill 32 in South Africa

Floods caused by torrential rains have killed at least 32 people and displaced thousands of others in South Africa. Andries Nel, South African deputy minister of cooperative governance and traditional affairs, said on Monday that the heavy raining had displaced [...]

March 18, 2014 Africa

Over 4,000 fans have applied for World Cup ticktes

GHANASoccernet.com can confirm that over 4,000 fans in Ghana have successfully applied for match tickets for the Black Stars matches at the 2014 World Cup finals. With 86 days to the start of the competition, the Ghana Football Association has [...]

March 18, 2014 Sports

NFF to spend N391m on World Cup estacodes

The Nigeria Football Federation (NFF), has revealed that it would expend  the sum of $2.261 million (about N391.19 million) as estacode  and allowances for the 175-member contingent that would storm Brazil to cheer the Super Eagles during the 2014 FIFA [...]

March 18, 2014 Sports

Flamingoes’ best yet to come -Bala Nikyu

Nigeria U-17 Women’s Chief Coach , Bala Nikyu says his charges were not in their elements despite the 2-1 victory over China in their  first Group D encounter at the Costa Rica 2014  FIFA U-17 Women’s World Cup opening game [...]

March 18, 2014 Sports

Indomie pioneers 450gm in Noodles market

Premium noodles brand, Indomie Instant Noodles, has added another ‘first’ to its long list of laurels by breaking the market with its revolutionary 450gm Chicken Family Pack. The new variant is tied to the brand’s efforts in catering to the [...]

March 18, 2014 Business, Economy

$3.8bn Egina FPSO: LADOL accuses Samsung of breach of court order

The lingering disagreement between Lagos Deep Offshore Logistics (LADOL) and Samsung/Total over a $3.8 billion Egina oil platform project took a fresh twist last week, as the plaintiff-LADOL, accused Samsung Heavy Industries (SHI), of breaching an earlier ruling by Justice [...]

March 18, 2014 Business, Telecomms

ECA rises 63.5% to $3.45bn

The Excess Crude Account (ECA) has risen from $2.11 billion to $3.45 billion, thus representing 63.5 per cent rise. In a statement, the Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Mr. Paul Nwabuikwu, said [...]

March 18, 2014 Economy

Govt plans deep seaports devt

The Federal Government said it is planning the development of deep seaports in the country in its efforts to boost the maritime sector. Transport Minister, Senator Idris Umar, who stated this at the just concluded Nigeria Maritime Expo 2014 (NIMAREX) [...]

March 18, 2014 Technology

Zenith Bank tasks youths on financial literacy

Driven by the Central Bank of Nigeria’s (CBN’s) policy of financial inclusion among Nigerians, Zenith Bank Plc said it has launched a campaign targeted at inculcating savings culture and general financial literacy among secondary schools students in the country. The [...]

March 18, 2014 Economy, Finance

Uduaghan signs N451bn budget into law

Delta State Governor, Emmanuel Uduaghan yesterday, in Asaba, signed the 2014 Appropriation Bill of N451 billion as approved by the state House of Assembly into law. Tagged budget of ‘Consolidation, Sustainable Economic Growth and Development,’ the breakdown showed that N289,100,787,009 [...]

March 18, 2014 Economy
Statistician-General-of-the-Federation-and-Chief-Executive

Inflation rate drops to 7.7% –NBS

The National Bureau of Statistics on Sunday released the Consumer Price Index, stating that the country’s inflation rate dropped from eight per cent in January to 7.7 per cent in February. The report signed by the Statistician-General of the Federation, [...]

March 17, 2014 Finance

Experts recommend avoiding artificial sugars that are hurting your health

Being a registered dietitian doesn’t exempt Helene Charlebois from downing a package of licorice the odd time she has an urge for sweets. “Twizzlers, hands down, that’s my favourite,” said Charlebois. But there’s a strategy. “I buy the small bag, [...]

March 17, 2014 Health issues, Societal issues

Chevron Donates Chest Clinic To Kwali General Hospital

American Oil Major, Chevron and its partners have donated a chest clinic to the general hospital in Kwali area council of the FCT in furtherance to its Corporate Social Responsibility (CSR). Inaugurating the facility, the Minister of State for the [...]

March 17, 2014 Health issues

3.5 million Lagosians protected against malaria – Commissioner

No fewer than 3.5 million people resident in Lagos State have been protected against malaria through the State government’s integrated vector management programme; the indoor residual spraying and larviciding exercise aimed at combating malaria, the State Commissioner for Health, Dr. [...]

March 17, 2014 Health issues, Societal issues

The value of the Nigerian entertainment industry

Pull Quote: “Nollywood is getting set to take over the world. I recognize the role of entertainment in the Nigerian economy and this government will support an industry that makes Nigerians happy. I have given them direct order to make sure [...]

March 17, 2014 Nollywood

Anita Isama Counts Down to Being Mrs Paul Okoye with a Bachelorette Party

Are you ready for another dazzling Okoye wedding? It seems Anita Isama is pretty much set for her new role. On Friday, BN brought you a capturing behind the scenes clip of Anita and Paul Okoye of P-Square‘s pre-wedding shoot, that same night she had [...]

March 17, 2014 General

Dencia Gets Oprah’s Attention

Fortune seems to be smiling on Cameroonian-Nigerian pop star, Dencia. Although her skincare product ‘Whitenicious ‘ has become a subject of criticism ,but that is in no way affecting her showbiz brand, rather it is strengthening it. She has gotten [...]

March 17, 2014 Africa, Nollywood

Unity Bank in N3.4 Billion Tangle With Ex-MD, Falalu Bello

Unity Bank Plc is in a N3.4 billion ($21.067 million) foreign exchange tangle with its former Managing Director, Alhaji Falalu Bello, now Executive Chairman at MBS Merchants Limited. The bank in a petition to the Central Bank of Nigeria (CBN) [...]

March 17, 2014 Africa, Business

U-17 Women’s World Cup: Nigeria begins tournament with win over China

The Flamingoes of Nigeria, got their 2014 FIFA U-17 Women’s World Cup to a great start, with a 2-1 win over China PR, at the Estadio Alejandro Morera Soto in Alajuela. Rasheedat Ajibade opened the scoring in the first half, [...]

March 17, 2014 Sports

How To Invest In Cat Fish Farming

The most popular business in Nigeria this year is Cat Fish farming. There are modern farm practices that are being introduced to grow fish and control their input. This kind of farming is compatible if you are also thinking of [...]

March 17, 2014 Business, Economy

CPC, TELECOM OPERATORS PREPARE POLICY INITIATIVE FOR CONSUMERS

The Consumer Protection Council CPC will prepare a policy initiative in partnership with telecom operators that will provide actual comfort and protection for telecom subscribers in the country. The Director General CPC, Mrs. Dupe Atoki during the consumer round table [...]

March 17, 2014 Business

State Earns U.S.$24 Billion in Dividends, Revenue From NLNG in 15 Years

The Nigeria Liquefied Natural Gas (NLNG) weekend in Abuja stated that the country has earned as much as $24 billion in revenue and dividends from its operations in Bonny Island in the last 15 years of its formal existence. The [...]

March 17, 2014 Business, Economy
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