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Tuesday 11th August 2020,
Hope for Nigeria

Heritage Oil gives high praise for Nigerian oil

Heritage Oil gives high praise for Nigerian oil   – Heritage Oil Chief Executive Office Heritage said production from its Oil Mining Lease 30 area in Nigeria averaged 15,600 barrels of oil equivalent since the start of 2014, a 17 [...]

February 26, 2014 Business, Oil & Gas

Race to become Ondo new Speaker hots up, three names shortlisted

Race to become Ondo new Speaker hots up, three names shortlisted – The death of Ondo State House of Assembly Speaker, Samuel Adesina Ajayi, has created a platform for a fresh race in the state Assembly. Although, many of his [...]

February 26, 2014 Government and politics

Local fish production to increase by N66bn annually in 2017

Local fish production to increase by N66bn annually in 2017 – If Nigeria wins the current battle to increase fish production by 1 million metric tonnes in four years, the country’s production of the staple would increase to the value [...]

February 26, 2014 Business, Economy

Ondo speaker dies of cancer

Ondo speaker dies of cancer – The Speaker of Ondo State House of Assembly,  Honourable Samuel Adesina, is dead. He died on Tuesday at the age of 52 in an undisclosed hospital after battling with what was described as cancer [...]

February 26, 2014 General, Health issues

June 28 date for Lewa Marathon

June 28 date for Lewa Marathon – The 15th Safaricom Lewa Marathon will run on June 28 at the Lewa Wildlife Conservancy organisers, who are targetting over 1,200 entries announced Tuesday. Race Director Sarah Watson, added registration is open with [...]

February 26, 2014 Sports

From Blade Runner to Blade Gunner

From Blade Runner to Blade Gunner – Oscar Pistorius: a champion athlete who beat the odds to inspire millions worldwide, or a disgraced hero with a penchant for guns, beautiful women and fast cars?   Both versions of South Africa’s [...]

February 26, 2014 General, Sports

Nairobi to open mission in Mogadishu

Nairobi to open mission in Mogadishu  – Kenya and the Somalia governments have renewed their commitment to eliminate the Al Shabaab militants and other terror gangs from the region. In a meeting between Deputy President William Ruto and Somalia Prime [...]

February 26, 2014 General

Attempted robbery in Nairobi CBD turns tragic

Attempted robbery in Nairobi CBD turns tragic – Three people including a woman and two suspected thugs were Tuesday killed and two pistols recovered from them in a botched robbery and dramatic shooting along Kimathi Street, Nairobi. Two others were [...]

February 26, 2014 General

Lalit Modi made big bucks in South Africa, claims Vindu

In a sensational expose, Bollywood actor Vindu Dara Singh, who was also named in the Indian Premier League (IPL) match-fixing scandal of 2013, has made startling revelations in the case and alleged that some high and mighty from the arena [...]

February 26, 2014 Economy

Boko Haram kill 43 students, abduct 16 girls in Nigeria school massacre

Boko Haram kill 43 students, abduct 16 girls in Nigeria school massacre – The militant outfit Boko Haram staged yet another brutal show of terror when dozens of them attacked a boarding school in Nigeria’s Yobe state after midnight, shooting [...]

February 26, 2014 General

FG, German Development Bank establish $100m agric fund

FG, German Development Bank establish $100m agric fund – The Federal Government and the German Development Bank have established a $100m fund for agricultural financing in Nigeria. The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, stated this at [...]

February 25, 2014 Agriculture

Govt mulls tightening incentives for real sector

Seeks sustainable financing of incentives FOR stakeholders within the real sector seeking waivers as well as those awaiting the implementation of some incentives like the revised Export Expansion Grant (EEG) scheme, they may have to wait a little longer as the [...]

February 25, 2014 Economy

Delta woos investors in move to grow State economy beyond oil

In line with governor Emmanuel Uduagha led government three-point agenda, Delta State has renewed its move to attract investors and achieve non-oil driven economic growth. In a meeting of the business community with Governor Uduagha, he assured investors of the [...]

February 25, 2014 Business

UN, NESG Urge Companies to Adopt Anti-Corruption Laws

By Nume Horsfall The United Nations (UN) Global Compact, in conjunction with the Nigerian Economic Summit Group (NESG), has advised companies to comply with the UN’s anti-corruption statute. The UN Global Compact is the arm of the United Nations that [...]

February 25, 2014 What the papers say

2014 Budget May Be Stalled By Poor Revenue Projection

The passage of the 2014 budget may face another delay following the observation by members of the House of Representatives that the budget preparation process was not inclusive among ministries, department, agencies (MDAs) of government and the Budget Office leading [...]

February 25, 2014 Economy

Al-Makura Lays Foundation Of 160-bed Hospital In Lafia

Nasarawa State governor Tanko Umaru Al-Makura yesterday laid the foundation stone for the construction of a 160-bed hospital in Lafia. Speaking at the occasion, Al-Makura said the project had become imperative considering the increasing health demand of the growing population [...]

February 25, 2014 Health issues

Moral Obligation of Anti-Smoking Law

Last week, the Governor of Lagos State, Mr. Babatunde Fashola (SAN), signed into law two bills establishing the State Emergency Command and Control Centre and the Regulation of Smoking in Public Places. Before signing the two bills at the conference [...]

February 25, 2014 Health issues, Societal issues

FG to Slash Import Tariff on Rice, Says Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala,  yesterday announced that consultations are ongoing between President Goodluck Jonathan, the Minister of Agriculture and Rural Development, Dr Akinwumi Adesina  and her ministry, over the review of [...]

February 25, 2014 Agriculture, Business, Economy

Probe launched after bullied girl dies

An investigation has been launched into the death of an 8-year-old girl who was allegedly kicked and beaten by three school bullies at a Soweto primary school, the Gauteng education department said on Tuesday. “This matter only came to our [...]

February 25, 2014 Human rights, Societal issues

APC governors vow to tackle unemployment

Governors elected under the umbrella of All Progressives Congress (APC) today in Ibadan, capital of Oyo State identified unemployment as a major impediment to Nigeria’s quest for economic development and vowed to tackle the menace in their respective states in [...]

February 25, 2014 Economy, Employment

Nigeria And The Challenge Of Mental Disorder

Medical experts in the country recently revealed that 64 million Nigerians suffer from one form of mental illness or the other. And despite the country’s population which stands at over 160 million, none of the psychiatric hospitals in Nigeria today [...]

February 25, 2014 Health issues, Societal issues

Edo Govt, Doctors Reach Agreement

Edo State Government and doctors in the state under the aegis of Nigeria Medical Association, NMA, have reached an agreement on matters affecting the doctors’ condition of service and improving of infrastructure in the state’s health sector. The doctors had [...]

February 25, 2014 Health issues, Societal issues

The oldest gem

A tiny gem found on an outback sheep station in Western Australia has been declared the oldest known piece of our planet. The zircon is said to be 4.4billion years old and was found by geoscience professor John Valley from [...]

February 25, 2014 International

FG Eyes N24bn Revenue from Groundnut Pyramids

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said Nigeria will return to massive production and processing of groundnut pyramids, noting that the production would add N24 billion to the country’s  Gross Domestic Product (GDP). Adesina said [...]

February 25, 2014 Business, Economy
Nigeria loses N50bn annually to fire disaster - Minister

N50 Billion can be saved annually with aversion of fire disasters

by  Olayinka Olukoya – Abeokuta   The Minister of Interior, Mr Patrick Abba Moro, on Thursday, disclosed that the country loses an average of N50 billion worth of property annually to fire disasters. He said this during the fifth National [...]

February 24, 2014 Documentary
The Growth of Nigerian Luxury Spirit Consumption

The Growth of Nigerian Luxury Spirit Consumption

Larry LiuInternational Business Review, WhartonSeptember 2013 In the stores of Lagos and Abuka, spirits retailers are reserving more shelves for bottles of Hennessyand Absolut. The luxury alcohol consumer market in Nigeria is developing rapidly. The spirit market,consisting of distilled alcohol [...]

February 24, 2014 Business

Nigeria, EU seal N6bn sustainable energy deal

The European Union and the Federal Government have sealed a financing agreement of N6bn to improve access to modern and sustainable energy sources in Nigeria. The Supervising Minister of National Planning, Ambassador Bashir Yuguda, signed on behalf of the Federal [...]

February 24, 2014 Business
PPPRA Releases Fuel Import Allocations to Marketers

PPPRA Releases Fuel Import Allocations to Marketers

By Ejiofor Alike The Petroleum Products Pricing Regulatory Agency (PPPRA) has released the first quarter of  2014 fuel import allocations to the Nigerian National Petroleum Corporation (NNPC) and the private marketers, THISDAY has gathered. The PPPRA’s action, it was learnt, [...]

February 24, 2014 Oil & Gas

CBN will not devalue the Naira — Alade

By EMMA UJA, Abuja Bureau Chief The Acting Governor of the Central Bank of Nigeria, CBN, Mrs. Sarah Alade, yesterday, assured that the bank has no immediate plans to devalue the Naira but prefers to intervene in the Foreign Exchange, forex, [...]

February 24, 2014 Finance

FG begins inspection of automobile assembly plants

The Federal Government has commenced the inspection of local automobile assembly plants across the country as part of the implementation plan of the Nigeria Automotive Industry Development Plan. A statement from the Ministry of Industry, Trade and Investment on Sunday [...]

February 24, 2014 Business