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Tuesday 21st August 2018,
Hope for Nigeria

Nigerian Doctor In UK In Hot Water For Removing Woman’s Ovary Instead Of Appendix

Two doctors at the Queen’s Hospital, Dr. Yahya Al-Abed and Dr. Babatunde Coker have been charged to court for malpractice after the death of a woman. 32-year old Maria de Jesus had gone to the hospital and complained of severe [...]

April 18, 2014 Health issues

ERB increases fuel prices

THE Energy Regulation Board has increased the prices of fuel from K9.91 to K10.63 for petrol and K9.20 to K10.01 per litre for diesel, effective midnight tonight.An upward movement in fuel pump prices always trigger corresponding adjustments in the prices [...]

April 18, 2014 Economy, Oil & Gas

AIRPORTS NEED SEPARATE POWER PROJECTS, SAYS NAHCO BOSS

Nigerian Aviation Handling Company Plc. capitalized recently marked 35 years in cargo, aircraft handling, passenger facilitation, crew transportation and aviation training. Part of the activities marking the Company’s 35th anniversary, saw the Managing Director, Mr Kayode Oluwasegun-Ojo, personally handling the [...]

April 18, 2014 Economy, Technology

USAID earmarks N1.7 billion for cowpea research in Nigeria, others

“It is to basically protect it against the maruca pod borer and our investments are really to push it in this last mile to get regulatory approval. The United States aids agency, USAID, said on Thursday that $10m (N1.7 billion) had [...]

April 18, 2014 Economy

South African banks fined $12m over lax money laundering controls

The South African Reserve Bank (Sarb) has levied fines worth a total of $12 million on four of the country's biggest banks for their failure to implement sufficient checks to ensure their customers are not laundering the proceeds of criminal [...]

April 18, 2014 Economy

Nigeria’s GT Bank Q1 profit drops 2 pct on higher operating cost

Nigerian lender Guaranty Trust Bank's first-quarter pretax profit fell 2 percent to 28 billion naira, it reported on Thursday. But gross earnings climbed to 67.6 billion naira in the three months ended March 31, from 63.9 billion naira in the same period [...]

April 18, 2014 Finance

ECOWAS Central Banks Seek Uniform Computation of Bad Loans

Banks within the West African sub-region will soon have a uniform format for computing bad loans. This was part of the decision taken at the meeting of the Committee of central bank Governors under the West African Monetary Zone held [...]

April 18, 2014 Economy, Finance

NNPC, Others Move to Guarantee Adequate Fuel Supply During Easter

Chineme Okafor The Nigerian National Petroleum Corporation (NNPC) and other major and independent petroleum marketers are to collectively inject 436, 239,200 million litres of petrol into the domestic market in anticipation of increased product demand during the Easter celebration. While [...]

April 18, 2014 Economy, Oil & Gas

CFAO to open vehicle assembly plant in Nigeria

French automobile manufacturer, CFAO Automotive Group, said in Abuja that it was making necessary logistic arrangements to begin vehicle assembly operations in the country. A statement by the National Automotive Council (NAC) quoted the Managing Director of CFAO, Olivier Levigne, [...]

April 18, 2014 Business, Transportation

FG plans relocating tank farms to Ogun, Ondo to ease Apapa congestion

Worried by the incessant gridlock rocking Apapa metropolis, which houses the nation’s economic gateways, Apapa and Tin-Can Island ports, the Federal Government on Wednesday said that it is perfecting plans to move the controversial tank farms away from Apapa to [...]

April 18, 2014 Economy, Real Estate

CIS to Engage FG on Policy Formulation, Implementation

The Chartered Institute of Stockbrokers, CIS, has concluded plans to engage the Federal Government on policy formulation and implementation towards enhancing the Nigerian capital market and the economy in general. CIS President, Mr. Ariyo Olushekun, said “The institute as part [...]

April 18, 2014 Business

Tips on How To Start a Frozen Food Business in Nigeria

Nigeria holds a population of over 160 million people that provides a ready market for the investors. Almost all food in Nigeria is currently imported for billions of Dollars. Frozen food business in Nigeria is becoming more profitable every day. [...]

April 17, 2014 Business, Economy

Chanrai introduces Mitsubishi Attrage, Space Star

The number of budget cars in Nigeria has increased with the introduction of Mitsubishi Attrage (saloon) and Space Star (hatchback). The firm notes that the two compact cars  are equipped with a 1.2 litre petrol engine. And expectedly as budget [...]

April 16, 2014 Transportation

NCAA re-issues AOC to Overland Airways

The Nigerian Civil Aviation Authority has issued a new Air Operators Certificate to Overland Airways. This, according to the regulator, is in line with the ongoing recertification of all the nation’s airlines. A statement by the NCAA on Tuesday said [...]

April 16, 2014 Transportation

Six cargo terminals ready in 16 months

The Federal Airports Authority of Nigeria has said six new cargo terminals currently undergoing construction across the country will be completed in 16 months. The Managing Director, FAAN, Mr. Saleh Dunoma, said the project was a major focus of the [...]

April 16, 2014 Transportation

NSE index edges up by 0.47%

Trading activities on the Nigerian Stock Exchange closed on a positive note on Tuesday, reversing losses made in the previous session. The NSE All-Share Index advanced by 0.47 per cent to close at 39,203.29 basis points, up from 39,020.67 basis [...]

April 16, 2014 Economy

Airports Need Separate Power Projects, Says NAHCO Boss

Nigerian Aviation Handling Company Plc. capitalized recently marked 35 years in cargo, aircraft handling, passenger facilitation, crew transportation and aviation training. Part of the activities marking the Company's 35th anniversary, saw the Managing Director, Mr Kayode Oluwasegun-Ojo, personally handling the check-in [...]

April 16, 2014 Technology

Int’l Oil Firms Insensitive To Plight Of Oil Producing Communities

He stated that over the years, the accumulated effects of their activities were beginning to have its toll on the people of oil producing states, as they have impacted adversely on the lives of the people, especially Bayelsa, where oil [...]

April 16, 2014 Oil & Gas

South African Steinhoff Targets IPO For European Unit

South African multinational household and furniture conglomerate, Steinhoff has indicated plans for a European listing, with an initial public offer (IPO) expected in Frankfurt, Germany later this year, newspaper reports have revealed. Funds realized from the offer will be expended [...]

April 15, 2014 Economy

Nigeria’s GTBank Plans Africa Expansion

Leading Nigerian financial institution, Guaranty Trust Bank (GTBank) has announced plans to expand its operations in Africa over a three-year period. The bank, which recently acquired a 70 percent stake in Fina Bank Group as a strategy to gain entry [...]

April 15, 2014 Economy

SABMiller Posts Robust Profits

The world’s No2 biggest brewer, SABMiller, on Tuesday said it continued to produce “top line” profit growth in the year ended March this year despite tough operating conditions in the fourth quarter in some markets. “The combination of our global [...]

April 15, 2014 Business, Economy

Grocer Pick n Pay Looking For Opportunities In Africa

JSE-listed retail giant, Pick n Pay, on Tuesday said it is well-positioned to aggressively look at new strategic prospects in the rest of Africa. Pick n Pay, which has been slower than its competitor, Shoprite, to expand into Africa, said [...]

April 15, 2014 Business

Nigeria’s Refining Capacity Rises to 26 Percent

The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation of Nigeria's four refineries at 25.95 per cent for the month of December 2013. According to data from the NNPC's December 2013 Monthly Petroleum Information, this is [...]

April 15, 2014 Economy, Oil & Gas

Parties seek judicial interpretation of court judgment on disputed land

Following a recent  second decision by the Supreme Court in the case between the estate of Gbadamosi Bandele Eletu Vs Ojomu Chieftaincy Family (the ‘Ojomus’) over a disputed vast area  of land, the parties to the case are seeking  judicial [...]

April 15, 2014 Business

Victor Moses Helps Liverpool Beat Man City

Victor Moses was a late substitute as Liverpool defeated Manchester City 3-2 at Anfield to continue their push for a first Premier League title in 24 years. The Nigerian, who has been consigned to the bench for most of his [...]

April 15, 2014 Sports

Akinjide Inaugurates FCT Sports Association Boards Today

The Minister of State for the Federal Capital Territory (FCT), Oloye Olajumoke Akinjide will today inaugurate the new reconstituted boards of sports associations in the FCT. According to FCT director of sports development, Muhammed Musa Alim, Secretary Social Development Secretariat [...]

April 15, 2014 Sports

Transcorp Increases Ist Quarter Profit By 187%

Transnational Corporation of Nigeria Plc (Transcorp) has announced a Group Profit Before Tax (PBT) of N3.77billion for the first quarter ended March 31, 2014 which represents 187 per cent increase from the corresponding period in 2013. Highlights of the results [...]

April 15, 2014 Business

Why Stakeholders Fault Merging Of Aviation Agencies

The adoption of the report of the Presidential Committee on restructuring and rationalisation of Federal Government parastatals, commissions and agencies as it concerns the aviation sector which will eventually result in the merging of its three agencies, the Nigerian Civil [...]

April 15, 2014 Economy

FCT Indigenes Set Agenda For National Conference Delegates

When President Goodluck Jonathan announced at the beginning of this year that his administration was going to convene a National Conference to discuss various challenges affecting the peace and unity of Nigeria, the news was received with joy by many [...]

April 15, 2014 Economy

Seplat listing boosts NSE market capitalisation by $1.9bn

The successful listing via Initial Public Offering of Seplat Petroleum Development Company on the Nigerian Stock Exchange has boosted the market capitalisation of the listed equities by $1.9bn. The Chief Executive Officer, NSE, Mr. Oscar Onyema, said this in Lagos [...]

April 15, 2014 Oil & Gas
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