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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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) [...]
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 [...]
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 [...]
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, [...]
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) [...]
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 [...]
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 [...]
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 [...]
The Nigerian National Petroleum Corporation, (NNPC) said it has pumped additional 956. 6 million litres of Premium Motor Spirit(PMS) petrol, into the market. The corporation’s Acting Group General Manager, Group Public Affairs Division, Dr Omar Ibrahim said this was part [...]
About 16 million jobs can be generated, directly or indirectly, every year from development of houses to meet the annual housing demand in Nigeria, estimated to be 2 million units per annum. The country’s housing need is currently estimated to [...]
Ogun State has become an industrial hub of the country, having attracted 43 manufacturing firms in three years. “I welcome the president to the commissioning of the 43rd industry since the inception of this administration,’’ said Ibikunle Amosun, governor, Ogun [...]
The value of Namibian fish and fishery products for 2012 was estimated at N$5.2 billion while the Gross Domestic Product contribution for the same year is put at 3.9 percent. The Minister of Fisheries and Marine Resources, Bernard Esau, said [...]
Farmers in Niger are using dangerous, black market pesticides in unregulated quantities, with little impact on agricultural yield but with potentially severe health consequences, say experts. “In Maradi Region [central Niger], what you discover is that farmers have no fear. [...]
Pan-African 4G operator Smile Communications has launched a commercial 4G LTE broadband access network in Lagos, using equipment supplied by Swedish vendor Ericsson. Smile first rolled out LTE services (using 800MHz spectrum) in Ibadan in February 2013, after launching East Africa’s first 4G LTE network in [...]
This was the venue of an aptitude test for the 2013/2014 applicants who had applied to join the Nigerian Immigration Service. Eye witness account said that over 56,000 graduates had gathered at the National Stadium as early as 7am on [...]
Aviat Networks, Inc. (NASDAQ: AVNW) said it has announced an expanded managed services agreement with MTN Nigeria. Aviat Networks will manage the flow of material into Aviat-controlled facilities on behalf of MTN Nigeria. The material will be managed, marshalled and [...]
The Imo Government said it discovered crude oil in some local government areas, and urged the Federal Government to inspect the sites for possible exploration. The Managing Director of Imo State Oil Producing Area Development Commission, Dr Henry Okoro, revealed [...]
A civil rights group, Anti Corruption Network, ACN, on Friday, disclosed that 96 civil society organisations will participate in a protest against the alleged missing $20 billion belonging to the Nigerian National Petroleum Corporation, NNPC. According to ACN, the groups [...]
Business tycoon and board chairman of the World Trade Centre in Accra, Togbe Afede XIV, will be leading a delegation of prominent business professionals from Ghana to participate in a trade and investment mission in Rio de Janeiro and Sao [...]
Ecobank Transnational Incorporated (ETI) has appointed Albert Essien as new group Chief Executive Officer of the Company. Albert Essien has been at Ecobank for more than 20years, rising to the position of Deputy Group CEO two years ago. His appointment [...]
Gov. Obi has distributed Cheques totaling N160 Million to 160 First Class graduates of the State origin who made first class between 2006 and 2013. Each of them got 1 Million Naira. Obi noted that the reward was to promote [...]
Governor Obi who said his administration placed much importance on promoting conducive environment and encouraging investors to establish in the State, expressed satisfaction that multinational companies already in the State were expanding their companies because of the immediate success recorded. [...]
The parastatal reform programme that will see 89 Government parastatals out of 262 phased out is on course, The Standard on Saturday can reveal. Already, teams of experts working on the process are at the Kenya School of Government where [...]
Additional N3 billion injected into the Nigerian sugar industry will yield positive returns and become another success story, BusinessDay has learnt. ‘’With regard to Sugar, progress is being made and it will take some time, but we believe it will [...]
The Federal Government on Thursday released the sum of N41.074bn as fuel subsidy payment to 27 oil marketers. A statement issued by the Special Adviser on Communications to the Minister of Finance, Mr. Paul Nwabuikwu, confirmed the payment. The statement [...]
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