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Friday 14th August 2020,
Hope for Nigeria

Five Nigerians On Board Hijacked Ethiopian Plane

The Ethiopian government yesterday said five Nigerians were among the 193 passengers on board the Rome-bound Ethiopian Airplane, Boeing 767 hijacked yesterday. The Ethiopian minister of information and communication, Redwan Hussein, who confirmed this during a news conference in Addis [...]

February 19, 2014 Environmental issues, General

Fashola Signs Law Banning Smoking in Public Places

Lagos State Governor, Mr. Babatunde Fashola (SAN), Monday signed into law a private bill, which outlawed smoking in public places in the state, violation of which might attract varying measurements of penalty ranging from a fine of N250, 000 to [...]

February 19, 2014 Health issues, Societal issues

Nigeria: 774 Nigerian Local Councils to Get Internet Hotspots

There is no going back on cashless Nigeria. That seems to be the message Central Bank of Nigeria CBN is passing to all Nigerians. In every project CBN has engaged itself recently to boost the nationwide cashless initiative, the governor, [...]

February 19, 2014 Business

CPC wields big stick at Coca-Cola, NBC over manufacture of harmful Sprite

The Consumer Protection Council (CPC) yesterday came down hard on Coca-Cola and the Nigerian Bottling Company, (NBC) with a threat of severe sanctions after it found the companies wanting on  product quality. “Pursuant to a consumer complaint received by the [...]

February 19, 2014 Business, Economy

Ecstasy in Ibadan as Kerosene Sells for N50/litre

Hundreds of inhabitants of Ibadan, the Oyo State capital, were in jubilant mood Monday as the Independent Petroleum Marketers of Nigeria (IPMAN) sold kerosene at N50 per litre. Many areas visited by THISDAY in Ibadan like Akobo Estates, Apata, Olodo, [...]

February 18, 2014 Economy, Oil & Gas

Any lesson for Nigeria? Morocco’s $9 billion solar project

Morocco has recruited foreign investors to fund a $9 billion solar power project, even though some European lenders have balked due to the location of some planned plants in the disputed Western Sahara. Salaheddine Mezouar, Morocco’s foreign minister while declining [...]

February 18, 2014 Economy, Power, Technology

‘Farming has made me financially independent’

Jane Aniema Inyang is a 2012 graduate of genetics and biotechnology with a passion for farming. She speaks on the reason she chose to become a farmer, the prospects and challenges.   Background I studied genetics and biotechnology at the University of [...]

February 18, 2014 Agriculture, Economy

Lagos criminalises smoking in public, spread of false information

Notwithstanding its seeming inability to enforce some of its existing legislations, the Lagos State government, on Monday, turned out a new law criminalising smoking in public places in any part of the state, with an offender liable to six months [...]

February 18, 2014 Environmental issues, General
cbn nigeria

Bank customers won’t be charged for biometric ID number — SANUSI

BY AHMED IBRAHIM Governor, Central Bank of Nigeria (CBN), Mallam Lamido Sanusi has said that no charge will be imposed on bank customers to obtain newly introduced biometric identification number. He said this while addressing journalists at the launching of [...]

February 18, 2014 Finance
cbn nigeria

CBN plans multi-billion Naira Internet deal with NigComSat

TO boost its nationwide cash-less initiative and empower primary, secondary schools and the entire banking industry with real time Internet connectivity, the Central Bank of Nigeria (CBN) announced at the weekend that it will soon sign a multibillion Naira contract [...]

February 18, 2014 General

Global Partnership Can Boost Tax Collection, Cut Illicit InFlows, Says Okonjo-Iweala

By Ndubuisi Francis The Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala affirmed, at the weekend that Global Partnership for Effective Development Co-operation can play a pivotal  role in helping developing countries check illicit flows and improve tax collection. Okonjo-Iweala, [...]

February 18, 2014 Business
Adedapo Adeniran

At 90, I still Work Till 2am – Adedapo Adeniran

You move around unaided, what is the secret of your longevity? I can’t say. I don’t know. May be that is how God wants it to be. I think I am between 50/50. Again, it may be as a result [...]

February 17, 2014 Documentary
The Nigerian Stock Exchange

Nigerian Stock Index Posts World’s Biggest Drop on Currency Risk

The Nigerian Stock Exchange All-Share Index (NGSEINDX) retreated 1.6 percent to 38,767.29 by the close in Lagos, bringing its five-day drop to 4.9 percent, the biggest weekly decline since June. The naira rebounded today after falling a fourth straight day yesterday to [...]

February 17, 2014 Business, Finance

Increase in Agric funding by 7% – FG

To further empower entrepreneurs at the bottom of the pyramid as well as increase banks’ focus on agriculture, the Central Bank of Nigeria has unveiled plans to increase financing initiatives in the sectors through partnerships with relevant stakeholders. As a [...]

February 17, 2014 Agriculture

LCCI Advocates rail System To Speed Up Cargo Clearance

The Lagos Chamber Of Commerce and Industry has called on the Federal Government to accelerate the resuscitation of the rail system to evacuate cargo from the Lagos ports. The chamber described the menace of trucks and trailers on the roads as [...]

February 17, 2014 Business, Economy

Economist Backs Increase in Agriculture Produce

Agricultural Economist at Federal University of Agriculture, Abeokuta, (FUNAAB), Prof. Bola Okuneye and the Chairman, Agricultural Group, Lagos Chambers of Commerce and Industry, LCCI, Wale Oyekoya, asked the Federal Government to provide more funding towards agriculture in the country, especially [...]

February 17, 2014 Agriculture, Business, Economy

Top 15 Fast Growing Business Opportunities in Nigeria For 2014 – Part 2

Click here for Part 1 7.  Agro Product Exportation Nigeria is rich in natural resources like raw materials for finished products. There are many products exported to countries like United Kingdom, China, USA, Brazil, Vietnam, India and many more. However, [...]

February 17, 2014 Business, Economy

Nigeria – Cement Manufacturers Reject Substandard Claims

Cement manufacturers in Nigeria have staunchly refuted claims that poor quality of the commodity is responsible for the increasing cases of collapsed buildings all over the country.   The association of cement producers comprising, Lafarge Cement, Wapco, Ashaka Cement, Northern [...]

February 15, 2014 Business, Economy

Lagos – Biometric registration of bank customers starts

The $50 million Biometric Solution project instituted by the Central Bank of Nigeria (CBN) and the Bankers’ Committee kicked off yesterday in Lagos. The exercise, which would provide central database for all bank customers across the country, was launched by [...]

February 15, 2014 Economy

Ex-Speaker Bankole weeps as court frees him

Reprieve came the way of ex-Speaker, Dimeji Bankole, yesterday as a Federal High Court in Abuja discharged and acquitted him on charges bordering on fraud and abuse of office. Justice Evoh Chukwu, in a ruling on a no-case submission by Bankole, held [...]

February 15, 2014 Government and politics, Law

Prophet Kayode Abiara: Warns politicians not to make 2015 elections a do or die affair

The General Evangelist of the Christ Apostolic Church (CAC) Worldwide, Prophet Kayode Abiara, has warned politicians not to make 2015 elections a do or die affair. Although he described 2014 as “ a year of happiness, peace, joy, victory and [...]

February 15, 2014 Government and politics

Passengers panic on aborted Aero flight

There was panic aboard Aero Contractors Flight Aj2002 from Lagos to Douala Friday when passengers, including 2Face Idibia discovered that one of the doors was open 30 minutes after take-off. An angry passenger who does not want his name mentioned [...]

February 15, 2014 Business, Economy

Nigeria central bank intervenes to support naira

Nigeria’s central bank intervened on Friday to help the naira recover to around 161.85 to the US dollars, after it weakened to around 164 earlier in the session. Dealers said the regulator told lenders to bid for a minimum of [...]

February 15, 2014 Business, Economy

NNPC turn relief into nightmare – Kerosene

Nigeria is one of the world’s largest producers of crude oil which supposes that kerosene, a by-product, predominantly used by millions of our people as the cheapest energy for domestic cooking, suddenly became a scarce commodity as the price went [...]

February 15, 2014 Economy, Oil & Gas

Jonathan – Awards cash gifts to Chan Eagles

President Goodluck Jonathan, on Thursday handed cash gifts to the home-based Super Eagles, who picked up a bronze medal at the African Nations Championship (CHAN) in South Africa. The Presidency handed out a total of N31million, in a reception organised [...]

February 15, 2014 General

Nigeria- Promises investors stability in power sector

Nigeria would guarantee the stability of legislation and offtake agreements for power producers as the country sought to expand electricity output, its sector regulator said this week. Measures taken to protect investments against regulatory changes, the risk of losing invested [...]

February 15, 2014 Economy, Power

Nigerian Breweries – Profit increases by 27%

Nigerian Breweries (NB) has published its fourth quarter (Q4) 2013 results which showed that profit after tax (PAT) grew by 27 per cent as against last year to N16.3 billion. Although Q4 2013 sales grew 9 per cent, a gross [...]

February 15, 2014 Business

Excess Crude Account Now $2.1bn

The Excess Crude Account (ECA), which was created to provide succour in rainy days for the federation, now  has only about $2.1 billion in its kitty. The depletion of the ECA from about $11 billion in December 2012, has been [...]

February 14, 2014 Oil & Gas

“Nigerians must live in decent houses”

President Goodluck Jonathan on Thursday vowed to ensure that all Nigerians lived in decent houses. The President spoke at the inauguration of the Federal Mortgage Bank of Nigeria’s Aviation Village and the National Housing Fund electronic card in Abuja. According [...]

February 14, 2014 Real Estate

Kelly Rowland spends Valentine’s Day with fiancé Tim Witherspoon in Nigeria

American Music Star, Kelly Rowland and her Manager cum fiancé, Tim Witherspoon arrived at the Murtala Muhammed International Airport, Ikeja, Lagos on Thursday, 13th February, 2014. Kelly is in Lagos for Darey Art-Alade‘s Love Like a Movie II: Love Roller [...]

February 14, 2014 General, Music and film