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Friday 22nd February 2019,
Hope for Nigeria

Africa Banks contribute to industrialization and employment

The UN Economic Commission for Africa (UNECA) is urging Africa’s central banks to contribute more to industrialization and job creation in the continent. “In most African economies, a significant gap exists between the demand for investments and the availability of [...]

March 29, 2014 Africa, Business

Experts warn over Nigerian ‘viagra’ drinks

Nike Ajibade and three of her colleagues sit on a Lagos pavement with small plastic bottles of liquids tucked inside weather-beaten plastic buckets. The hidden bottles of so-called ‘viagra' drinks sell for about US$2 (RM6.50) and are much sought-after for [...]

March 28, 2014 Health issues

Nigeria to loosen grip on transport

Nigeria would reduce state control of its transport industry to help ease dependence on crude oil and attract investment in freight rail to move grain and limestone, the country’s privatisation agency said. Eight reform bills drawn up to lift restrictions [...]

March 28, 2014 Economy, Transportation

LekOil begins seismic in Nigeria

Lekoil said it has started a 3D seismic programme on the OPL 310 offshore Nigeria. The programme will cover an area of about 1,505km sq representing approximately 80% of the acreage within OPL 310. Following completion of the 3D acquisition, [...]

March 28, 2014 Economy

Shippers Council partners with NJI to develop maritime sector

The Nigerian Shippers Council (NSC) and the National Judicial Institute (NJI) is coming together to hold a maritime seminar that will address some of the critical challenges in the maritime sector. Themed, “Sustainable Development in the Maritime sector in Nigeria”, [...]

March 28, 2014 General

Private Equity navigates 2014 as confidence increases

Having proven it can react and even thrive in difficult market conditions, Private Equity (PE) continues to navigate 2014 with increased confidence. Optimism abounds regarding investment prospects, exit alternatives and follow-on capital opportunities. Private Equity consists of investors and funds [...]

March 28, 2014 Africa, Economy

Madam Minister free gas for power

Nigerians are groaning as the gas supply crisis threatens to upend the landmark privatisation of Nigeria’s electricity industry as Diezani Allison-Madueke, the Minister for Petroleum Resources fails to act. Her ministry controls gas prices by regulation; the Nigerian Gas Company, [...]

March 28, 2014 Oil & Gas, Power

Private firm to provide 15,000 jobs through farming in Edo

Festrust Conglomerate, a private firm, has indicated interest to establish a farm covering 100 hectares of land at Uzebba in Owan West Local Government Area of Edo State, which will provide about 15,000 employment opportunities for the people of the [...]

March 28, 2014 Agriculture

Elebute honoured, urges FG to prioritise universal healthcare insurance

Emmanuel Elebute, a professor, founder and promoter of Lagoon Hospitals and Hygeia HMO, has called on the Federal Government to give healthcare project execution priority in the implementation of the proposed universal insurance health scheme, “the Federal Government as a [...]

March 28, 2014 Health issues

FG Orders Closure Of Cold Rooms With Rotten Fish In Lagos

The federal government, through the Ministry of Agriculture and Rural Development, has ordered the immediate closure of all cold rooms found stockpiling expired or unwholesome fish in the country. The directive was given by the minister, Dr Akinwumi Adesina shortly [...]

March 28, 2014 Health issues

FG Has Intensified Surveillance On Ebola Disease, Says Official

The Federal Ministry of Health on Thursday in Abuja said it has intensified surveillance to prevent the transmission of the ebola disease across the country. The ministry’s Chief Consultant Epidemiologist, Dr Akin Oyemakinde, told the News Agency of Nigeria (NAN) [...]

March 28, 2014 Health issues, Societal issues

Teachers Jittery As Lagos Moves To Conduct Competency Test

Teachers in the service of  Lagos State government were  yesterday jittery over plans by the government to conduct assessment test to determine their competence. The teachers who converged for a sensitisation programme on teachers’ competency test at the Adeyemi Bero [...]

March 28, 2014 Education

D’banj, Others Seek 750,000 Young Agric Entrepreneurs

Singer D’banj, has endorsed a campaign calling on the youths to explore the entrepreneurship option which agro-business avails them. The Kokomaster, who now refers to himself as the “Kokofarmer,” counselled that in agric business, “youths do not have to suffer [...]

March 28, 2014 Business, Nollywood

Mother Tongues Come Alive At 5th NTIC Language Festival

Saturday, March 15, 2014 was the day in when parents, the media and other stakeholders gathered at the National Universities’ Commission (NUC) auditorium, Maitama, Abuja, to witness the presentation of gifts to the winners of the fifth edition of the [...]

March 28, 2014 Education

Kwara Win YSFON Oba Cup

Defending champions Kwara, defeated hard fighting Kaduna State by 2-0 to emerge winners of this year’s edition of the annual YSFON organized Oba Cup for U-13 boys  which was concluded at the Samuel Ogbemudia Stadium, Benin City. The match which [...]

March 28, 2014 Sports

Maigari, Amadu, Ikpeme Off To FIFA School

Top officials of the Nigeria Football Federation will next week storm Johannesburg, South Africa for a three-day Member Associations and Development Seminar organised by world football-governing body, FIFA. The seminar is for FA Presidents, General Secretaries and Technical Directors, and [...]

March 28, 2014 Sports

Dangote Plans Acquisition Of Shell Asset In Nigeria

Africa’s richest man, Aliko Dangote, is deepening his investment in Nigeria’s oil and gas sector. Apart from planning the biggest petrochemical plant in the sub-Saharan Africa, the business mogul has bidded to acquire a juicy oil well operated by oil [...]

March 28, 2014 Economy, Oil & Gas

Making Pre-Arrival Risk Assessment Report Successful

All over the world, countries are switching over from the post-arrival risk assessment to the pre-arrival risk assessment of cargoes. The developed countries of Europe and America have since adopted the pre-arrival system, but as usual, many African countries are [...]

March 28, 2014 Business

Efficient Taxation Can Boost Nigeria’s Education Finance By N2.08 Trillion – UNESCO

THE United Nations Organisation for Education, Science and Culture (UNESCO) has declared that Nigeria could raise $13 billion (N2.08 trillion) more in 2015 to fund education if it increased its Tax-to-GDP ratio from its current 25.3 percent to 27.1 percent, [...]

March 27, 2014 Education

National Confab: Delegates Battles over Food

Tales of food shortages for the delegates at the national confab continued to be an issue, yesterday. Monday, the actual first day of plenary recorded the worst day. Food was in drastic short supply. Members of the conference complained and [...]

March 27, 2014 Economy

Alade hosts caucus meeting of African Central Bank Governors

Acting Governor of the Central Bank of Nigeria (CBN), Dr. Sarah Alade, will on Thursday, March 27, 2014, host a caucus meeting of Governors of Central Banks of sister African countries. The meeting, one of the side events of the [...]

March 27, 2014 Economy

Rice, Fish Policy – We Will Withdraw Our Services If …

The Maritime Workers Union of Nigeria, MWUN, has threatened to ground port operations nationwide by withdrawing its members from work should the federal government continue with its policies that are adversely affecting the maritime industry. Speaking to Vanguard in Lagos [...]

March 27, 2014 Agriculture, Business

Jonathan Presents Anti-Trade Practice Bills to FEC

In a bid to checkmate anti-trade practices in the nation's economy, President Goodluck Jonathan Wednesday presented two bills to the Federal Executive Council (FEC) at its weekly meeting. The bills are the Federal Competition and Consumer Protection Bill 2014 and [...]

March 27, 2014 Business

2014 Federation Cup Kicks Off April 5

This year’s Federation Cup competition will kick off with the state preliminaries on Saturday, 5 April, according to a release from Nigeria Football Federation, NFF’s Head of Federation Cup, Miss Ruth David. The state finals are scheduled for Sunday, 4 May [...]

March 27, 2014 Sports

Airtel Nigeria apologises for poor services in Abuja area

Airtel Nigeria has apologised for poor services rendered to customers in Abuja and surrounding areas. The operator added that work was ongoing to fix the problem, CAJ News reported. Most subscribers in the Abuja environs had been witnessing poor service [...]

March 27, 2014 Economy, Technology

ADB to raise $1.5bn from capital market –Oteh

The Director General of Securities and Exchange Commission, Ms Arunma Oteh yesterday said that African Development Bank will soon raise a total of $1.5bn from the Nigerian capital market. Speaking at the first quarter Post-Centenary Capital Market Commiittee media briefing [...]

March 27, 2014 Business

Kerry Trying to Boost Mideast Peace Talks Amid Challenges

U.S. Secretary of State John Kerry will continue working with Israeli and Palestinian leaders in the coming days, as he tries push their peace talks through a set of challenges that threaten to derail process. Kerry held what the State [...]

March 27, 2014 International

Amaechi Advocates School Feeding for Full Enrolment in Schools

The Chairman of the Nigerian Governors Forum (NGF) and Rivers State Governor Rotimi Amaechi yesterday identified school feeding programme such as that practised in Osun under the ‘O’ MEALS scheme as panacea to better education and full enrollment of children in schools [...]

March 27, 2014 Education, Societal issues

Farmers to Benefit From EDAIF

Over 2,000 farmers are expected to benefit from the Export Development and Agriculture Investment Fund (EDAIF) to boost their production capacities for domestic market and export. Trade and Industry Minister, Hon. Haruna Iddrisu, made this known when he addressed about [...]

March 27, 2014 Economy

JB Impressed With Tobacco Prices As 2014 Market Opens

President Dr. Joyce Banda says she is impressed with the maximum prices of tobacco at the opening of the 2014 market season on Monday adding she hoped the trend would continue. In her keynote address marking the official opening of [...]

March 27, 2014 Agriculture, Economy