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Thursday 24th January 2019,
Hope for Nigeria

Chukwueke: To Tackle Poverty, Imo Must Key into the Agric Revolution

Chairman/CEO of Germaine Group and economy expert, Chief Jerry Chukwueke, spoke with Amby Uneze on ways to fight alarming poverty and unemployment in Imo State through embrace of the agricultural revolution and other vital strategies Gov Okorocha on Poverty In [...]

April 3, 2014 Agriculture, Economy

World Bank to boost dev’t funding

World Bank to boost dev’t funding – The World Bank plans to increase its funds for development by around 40% per year over the next decade as part of its first major realignment since 1997, the institution’s president said on [...]

April 3, 2014 Economy

MIGA Vice President Visits Nigeria

MIGA Vice President Visits Nigeria – Michel Wormser, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—is visiting Nigeria from March 31st to April 2nd. [...]

April 3, 2014 Business

NFF, Keshi on warpath over 35-man squad

NFF, Keshi on warpath over 35-man squad  – NFF, Keshi on warpath over 35-man squadBarely one week after being queried by the Nigeria Football Federation (NFF), Super Eagles manager, Stephen Keshi and his employers are set to cross each other’s [...]

April 2, 2014 Sports

Champions League: Chelsea banks on history to edge PSG

Champions League: Chelsea banks on history to edge PSG – Still licking the wounds from last Saturday’s shock loss to Crystal Palace that has cast a huge doubt on its Premiership title chase, Chelsea faces a tough hurdle tonight against [...]

April 2, 2014 Sports

Access Bank to grow market share of global trade to $6.4bn in 2014

Access Bank has projected to grow its market share in global trade platform on import from $4.1 billion to $6.4 billion to support trade and project-based financing for customers. Head of SME Desk, Oyediji Atoyebi, who disclosed this recently at [...]

April 2, 2014 Economy

CBN commences cashless policy in 30 states July 1

The Kaduna State branch Controller of the Central Bank of Nigeria (CBN), Alhaji Mohammed Gusau, has said that the cash-less policy introduced by the apex bank of Nigeria which was successfully launched in Lagos in 2012, had yielded appreciable progress. He stated that [...]

April 2, 2014 Economy

NNPC over alleged missing N59.6bn

The House of Representatives Committee on Public Accounts (PAC) yesterday accused the Nigerian National Petroleum Corporation (NNPC) of failure to account for N59.6 billion given to it from the Service Wide Vote. It consequently mandated the Accountant General of the Federation [...]

April 2, 2014 Oil & Gas

NPDC strikes first oil on OML 40

After about one year of strategic planning and brainstorming, the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), yesterday recorded a major milestone with the announcement of the production of its first oil from [...]

April 2, 2014 Oil & Gas

FG urged to subsidise cooking gas to boost utilisation

Investors in Nigeria’s Liquefied Petroleum Gas (LPG) appear worried by the low consumption of gas (popularly called cooking gas), noting that the trend may not boost efforts to diversify the economy as more state funds continue to be pumped into [...]

April 2, 2014 Oil & Gas

BUA Cement signs gas purchase agreement with NGC

A local cement manufacturer, BUA Cement, has signed a GSPA with Nigerian Gas Company (NGC) for its Edo Cement Company Limited. Managing Director of NGC, Mr. Saidu Mohammed, who signed for the firm stated that the agreement was for the supply [...]

April 2, 2014 Business

Flood Management: Lagos assures residents of adequate protection

Lagos State Government has assured residents that it was working to check the menace of flooding in parts of the state and to minimise the hardship it poses to the people. Speaking last week on the Seasonal Rainfall Prediction and [...]

April 2, 2014 Business

Dangote Cement fights building collapse with 42.5 cement grade

In a strategic move to strengthen the construction sector, Dangote Cement has assured it would enrich the content of cement products for customers. The company at the media launch of the brand recently stated that owing to the role of [...]

April 2, 2014 Business

Shameful plan to import electricity from Congo

With the serial promises and numerous plans by succeeding Nigerian governments to end the nation’s power supply nightmare, and the commitment of huge sums of money over the years to the provision of stable electricity in the country, it is [...]

April 2, 2014 Business, Power

Adebola Rayo: A case for quality education, the LASU example

In recent years, unemployability has become one of the leading causes of unemployment. Yes, you read that right – our youths and graduates, are simply unemployable. A good percentage of people who spent years acquiring degrees in our Nigerian universities [...]

April 2, 2014 Education, Societal issues

Nigerians to buy N448 billion worth of private jets this year

The Nigerian Aviation industry continues to enjoy a boom according to Khadar Mattar, the Regional Vice-President, Sales, Middle East, Africa and Turkey, Bombardier Business Aircraft. Mattar made this known on Monday while speaking on the sidelines of Nigerian Economic Summit organised [...]

April 2, 2014 Business, Technology

NNPC Puts Nigeria’s Undiscovered Gas Potential at 600TCF

The Nigerian National Petroleum Corporation (NNPC) has said that in addition to Nigeria’s proven natural gas reserves of 182 trillion cubic feet (TCF), about 600 thousand cubic feet of undiscovered gas potential is still available for her to tap from. [...]

April 1, 2014 Power

PPMC Targets 500,000mt of Cooking Gas in 2014

The Managing Director of Pipelines Products and Marketing Company (PPMC), Mr. Haruna Momoh, said the subsidiary of the Nigerian National Petroleum Corporation (NNPC) is targeting to supply 500, 000 metric tonnes of Liquefied Petroleum Gas (LPG), or cooking gas by [...]

April 1, 2014 Economy

BPE Remits N370bn to Settle Defunct PHCN Employees

The Bureau of Public Enterprises (BPE) has remitted to the Office of the Account General of the Federation (OAGF) a total of N370 billion for payment of the former employees of the defunct Power Holding Company of Nigeria (PHCN). The [...]

April 1, 2014 Economy

FG Plans Regional Power Hub with TCN’s Ongoing Expansion Plans

The federal government has disclosed its plans to leverage on the ongoing electricity transmission plans of the Transmission Company of Nigeria (TCN) to transform Nigeria into a regional power hub where members of the Economic Community of West African States [...]

April 1, 2014 Economy

Nigeria Intensifies Arrangements for Nuclear Power Development

Nigeria is stepping up preparations for effective regulation of its planned nuclear power generation from nuclear sources. The country’s first nuclear power generation unit is expected to provide about 1200 megawatts (MW) and it is originally scheduled to come on [...]

April 1, 2014 Economy, Power

Policymakers, Stakeholders to Brainstorm on Food and Nutrition

A three-day conference, which began yesterday in Kigali, Rwanda, is gathering more than 275 high-level stakeholders from government, business and civil society from around the world to brainstorm on how to get highly nutritious food crops across to people in [...]

April 1, 2014 Economy, Health issues

Private Investor to Employ 15,000 in Edo through Farming

A Private Investor, Festrut Conglomerate is set to establish a farm, covering 100 hectares of land at Uzebba, Edo State that will provide about 15,000 employment opportunities for the people of the state. Chairman and Chief Executive Officer of the [...]

April 1, 2014 Agriculture, Economy

FG Abandons Cassava, Wheat Composite Flour Policy

Having faced stiff resistance from strong interest groups in the wheat importing and processing industry, it has learnt that the federal government may have abandoned the cassava inclusion policy and are allowing it to die quietly. The policy, which was [...]

April 1, 2014 Agriculture, Economy

Marginal Field Operators Groan Under Harsh Tax Regimes

Nigerian indigenous companies producing some of the 24 marginal fields awarded by the federal government in 2003 are groaning under harsh fiscal regimes imposed by the tax authorities, which was contrary to the agreement reached between the operators and the [...]

April 1, 2014 Economy

Oil Marketers Threaten Nationwide Strike over Shut Down of NIPCO

Some oil marketers yesterday threatened to embark on an industrial action following the shutdown of Nigerian Independent Petroleum Company (NIPCO) by the National Union of Petroleum and Natural Gas Workers (NUPENG). According to the News Agency of Nigeria (NAN), NUPENG [...]

April 1, 2014 Economy

May Exports: Nigeria to Lose Position of Largest Oil Producer in Africa

Oil theft looks set to push Nigeria off its spot as top African crude oil exporter in May and exports could fall to their lowest since records began in 2009, data have shown. Nigerian exports in May are set to [...]

April 1, 2014 Business, Oil & Gas

ICPC Docks Edo Majority Leader for Alleged Tax Fraud

These are not the best of times for the Edo State House of Assembly Majority Leader, Hon. Phillip Shaibu, as the state High Court in Benin City, has fixed April 14 for his arraignment for allegedly forging a tax clearance [...]

April 1, 2014 Economy

$1.69m Fraud: Court Denies Ajudua Bail

An Ikeja High Court yesterday refused to grant bail to a one-time Lagos socialite, Fred Ajudua. Ajudua is standing trial for allegedly defrauding two Dutch businessmen the sum of $1.69 million. Justice Kudirat Jose denied him bail on the ground [...]

April 1, 2014 Economy

SWF Posts N505.6m Income in 15 Months

The Nigeria Sovereign Investment Authority (NSIA) which is responsible for the management of Nigerian Sovereign Wealth Fund (SWF) has reported a total income of N505.694 million for the 15 months which ended December 2013. According to the results audited by [...]

April 1, 2014 Business