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Thursday 19th July 2018,
Hope for Nigeria
Cocoa Mall commissioned in Ibadan

Cocoa Mall commissioned in Ibadan

Cocoa Mall, Oyo State’s largest retail mall development, financed by Wema Bank was commissioned at an event in the state capital, Ibadan, alongside its sister mall, the Heritage Mall, as part of the new Cocoa House Development. The Cocoa Mall [...]

November 2, 2013 Business
Oba-Rilwanu-Aremu-Akiolu

Happy Birthday Oba Rilwan Akiolu

Traders in Lagos State, western Nigeria, are apprehensive that markets will be shut tomorrow for the 70th birthday celebration of the Oba of Lagos, Rilwan Akiolu. Some of the traders who spoke with P.M.NEWS wondered why markets should be closed [...]

November 1, 2013 Government and politics
Yobe State Governor, Ibrahim Gaidam today took delivery of trucks and construction equipment worth 361 million Naira.

Construction Equipment Worth N361 Million – Yobe Government

Yobe State Governor, Ibrahim Gaidam Yesterday took delivery of trucks and construction equipment worth 361 million Naira. The equipment was procured for the state ministry of works as it embarks on massive inter-town road constructions across the state. This is [...]

November 1, 2013 Government and politics
Rescue-officers

Chemical emission renders 22 pupils unconscious in Lagos

Teachers and students of Ogba Junior Grammar School  in Lagos, were, on Thursday afternoon, hospitalised after reportedly inhaling suspected toxic chemical. Four people, who are workers at a nearby  laboratory have been arrested in connection with the incident . About [...]

November 1, 2013 General
Bauchi Police Kill Robbery Suspect, Arrest Four

Bauchi Police Kill Robbery Suspect, Arrest Four

The Bauchi State Police Command, Tuesday, killed an armed robbery suspect and arrested four others in Gadar Maiwa Village in Ningi Local Government Area of the state.   Police Public Relation Officer, Deputy Superintendent of Police Haruna Mohammed, who confirmed [...]

October 31, 2013 Incidents
FGN ASUU AGREEMENT

AGREEMENT BETWEEN THE FEDERAL GOVERNMENT OF NIGERIA (FGN) AND THE ACADEMIC STAFF UNION ASUU

Please feel free to download your copy of the agreement between the Federal Republic of Nigeria (FGN) and The Academic Staff Union (ASUU):   PREVIEW 1 PREAMBLE 1.2 Establishment of the Federal Government of Nigeria (FGN)/Academic Staff Union of Universities [...]

October 31, 2013 General
CBN-headquarters-Abuja

CBN to receive ISO 27001 certification

The Central Bank of Nigeria is to receive the International Standard Organisation ISO 27001:2005 Certificate issued by the British Standards Institution Assurance UK Limited. A statement by the bank on Wednesday said the ISO certification, the highest accreditation for information [...]

October 31, 2013 Finance
Investors eye captive power to improve supply after PHCN takeover

Investors eye captive power to improve supply after PHCN takeover

By: FEMI ASU Eagerly awaiting the physical handover of the privatised Power Holding Company of Nigeria’s (PHCN) successor companies by the Federal Government, buyers of the distribution companies (Discos) are considering tapping into off-grid electricity after takeover to provide better services [...]

October 31, 2013 Power
Nigeria Broadband

Broadband Expansion – Driver of N150bn e-commerce industry

By; Ben Uzor Jr Nigeria’s N150 billion electronic commerce industry is set for significant growth in the next few years, riding on the back of sustained efforts by the Federal Government and the private sector to enhance broadband availability, analysts have [...]

October 31, 2013 Technology, Telecomms
Nigeria's central bank wants inflation in a range between 6-9 percent, its governor Lamido Sanusi told Reuters on Wednesday, lowering the regulator's previous target of keeping in single-digits.

CBN Lowers Inflation Target to 6-9%

Nigeria's central bank wants inflation in a range between 6-9 percent, its governor Lamido Sanusi told Reuters on Wednesday, lowering the regulator's previous target of keeping in single-digits.   Inflation in Africa's top oil exporter fell to a fresh five-year [...]

October 31, 2013 Finance
'N1tn Spent On Vehicle Importation In 2012' – NAC

‘N1tn Spent On Vehicle Importation In 2012’ – NAC

The Director-General, National Automotive Council, Alhaji Aminu Jalal, said on Tuesday that the country spent about N1.2tn on the importation of various brands of vehicles last year.   He said the vehicles ranged from fairly used cars, to brand new [...]

October 30, 2013 Transportation
Ogun Okada Riders Go Violent in Court, 25 Arrested

Ogun Okada Riders Go Violent in Court, 25 Arrested

Members of rival factions of the Amalgamated Commercial Motorcycle Owners and Riders Association (ACOMORAN) engaged in a violent clash that left several persons injured in Abeokuta on October 30, 2013, Wednesday. Two factions of the commercial motorcyclists, a.k.a. Okada riders, [...]

October 30, 2013 Incidents
Chinua Achebe

‘UN To Honour Late Achebe Next Month’

The United Nations has devoted Friday, November 15, 2013 to late Professor Chinua Achebe who died last march in Boston, US. Achebe was once a UN Goodwill ambassador from 1999 to 2005. The event holds at Dag Hammarskjold Library Auditorium, [...]

October 30, 2013 Literature
MFBs, PMBs change strategy over $300m fund, recapitalisation

MFBs, PMBs change strategy over $300m fund, recapitalisation

By: John Omachonu &  Hope Moses-Ashike A flurry of realignments is currently going on in the other financial institutions segment of the banking industry as microfinance banks (MFBs) are taking advantage of the proposed creation of the $300 million mortgage refinancing fund [...]

October 30, 2013 General
Andrew-Yakubu

Crude oil production erratic since February – NNPC

Crude oil production in the country has been inconsistent since February this year, the Nigerian National Petroleum Corporation has said. According to the corporation, the country’s production has been fluctuating between 2.2 million barrels per day and 2.3mbpd. The Group [...]

October 30, 2013 General
MSMEs

MSMEs contribute 47% to Nigeria’s GDP – SMEDAN

THE Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Bature Masari, has said that Micro, Small and Medium Enterprises MSMEs contributes 46.54 percent to Nigeria’s Gross Domestic Product, GDP. Masari made this disclosure during the post-humuos [...]

October 30, 2013 General
Jonathan to Present 2014 Appropriation Bill November 12

Jonathan to Present 2014 Appropriation Bill November 12

By Onwuka Nzeshi and Omololu Ogunmade   President Goodluck Jonathan will on Tuesday, November 12, present the 2014 Appropriation Bill to a joint session of the National Assembly.   This was contained in letters Jonathan sent to the two chambers of [...]

October 30, 2013 General
World Bank ranks Nigeria 122nd best place for business

Doing Business Report – World Bank ranks Nigeria 122nd best place for business

Singapore and Hong Kong top the Doing Business list of the 10 most business-friendly places in the world. Rwanda, Russian Federation, and Philippines are among the most improved in the annual survey of 189 economies. The gap between the best [...]

October 30, 2013 General
Nigeria-football-fans-300

Eaglets cruise into quarter final – Nigeria U17 4-1 Iran U17

By Shina Oludare Nigeria defeated Iran 4-1 to book a place in the quarter finals of the Fifa U17 World Cup in the United Arab Emirates on Tuesday evening. First half goals from Samuel Okon, Kelechi Iheanacho, Musa Muhammed and [...]

October 29, 2013 General
Jonathan

The President commiserates with wife, children and relatives – former Chief of General Staff, Vice Admiral Mike Akhigbe

In a press statement by his special adviser on media and publicity, Reuben Abati, President Goodluck Jonathan described the late Akhigbe as a courageous officer who served his country patriotically during his career in the armed forces. President Jonathan also [...]

October 29, 2013 General
Plotters of Nelson Mandela's murder sentenced

Plotters of Nelson Mandela’s murder sentenced

A South Africa court on Tuesday sentenced members of a white extremist group to jail terms ranging from five to 35 years for high treason, plotting to kill Nelson Mandela and other charges in one of the country's biggest post-apartheid [...]

October 29, 2013 Africa
CBN Nigeria

Moves to Protect Bank Customers – CBN

The provision of Point of Sale terminals under the second phase of the cash-less policy in Lagos, Abia, Rivers, Anambra, Kano and Ogun states as well as the Federal Capital Territory, may have already gulped over N20bn. With over 200,000 [...]

October 29, 2013 General
Cash-less phase II N20bn spent on PoS terminals

Phase II Cashless Society – N20bn spent on PoS terminals

BY STANLEY OPARA The provision of Point of Sale terminals under the second phase of the cash-less policy in Lagos, Abia, Rivers, Anambra, Kano and Ogun states as well as the Federal Capital Territory, may have already gulped over N20bn. [...]

October 29, 2013 General
Nigeria, Germany Renew Pact on Energy Growth

Nigeria, Germany Renew Pact on Energy Growth

Chineme Okafor Nigeria and Germany have  extended the tenure of the  agreement on the development of energy across various states of the federation under the Nigerian-German Energy Partnership (NGEP) for a further five years.   The decision to extend the [...]

October 29, 2013 General
Minister-of-Power-Prof.-Chinedu-Nebo

PHCN workers threaten nationwide blackout by Friday Nov 1

Workers of the Power Holding Company of Nigeria have threatened to go on strike over the non-payment of severance benefits to about 55 per cent of the workforce. Over 2,000 workers under the aegis of the National Union of Electrical [...]

October 29, 2013 General
Trade Volume - Nigeria-Russia

Trade Volume – Nigeria-Russia hits $250m

The volume of trade between Nigeria and Russia currently stands at $250m, the Russian Ambassador to Nigeria, Mr. Nikolay Udovichenko, has said. He said this on Monday in Abuja at the Nigeria-Russia Business Forum tagged, ‘Nigeria-Russia cooperation: New opportunities.’ “In [...]

October 29, 2013 General
.CBN raises Dollar supply at RDAS

CBN raises Dollar supply at RDAS

By Obinna Chima Apparently concerned by the shortage of the United States dollar in the system, the Central Bank of Nigeria (CBN) yesterday increased its supply of the greenback at the Retail Dutch Auction System (RDAS) to $400 million. This, [...]

October 29, 2013 General
Fierce storm hits Britain cutting power lines, four killed

Fierce storm hits Britain cutting power lines, four killed

In what is supposed to be the fiercest storm to strike Britain in a decade, strong gales with speed of upto 99 miles per hour accompanied with heavy rains brought down trees which killed four people, other than causing power [...]

October 28, 2013 General
Doctor Conrad Murray Released

Doctor Conrad Murray Released

The former doctor convicted of causing Michael Jackson's death has been released from jail. Jail records confirmed Conrad Murray's release on Monday and the sheriff's office said he left a downtown Los Angeles jail at 12.01am (1800 AEDT). The former [...]

October 28, 2013 Law
Import or Export to West Africa

5 Steps to Start Export/Import Business in Western Africa

There are 16 countries that make up West Africa. Namely: Benin, Burkina Faso, Ivory Coast, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo and each of these countries are rich in either [...]

October 28, 2013 Business, General
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