As Nigerian workers joined the rest of the world to mark the 2014 ‘Workers’ Day’ on May 1, a significant point of the event was the reassurance that workers already enlisted in the nation’s Contributory Pension Scheme(CPS) through their Retirement [...]
The last may not have been heard on the controversy surrounding the chartered private jet by the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, at the cost of over N10 bilion on the accounts of the Nigerian National Petroleum Corporation [...]
Custodian and Allied Plc has said its profit before tax for the first quarter of 2014 is N1.1bn, representing a 90.7 per cent increase on the N587m it declared in the corresponding period of 2013. The company said in a [...]
The much-talked about Petroleum Industry Bill (PIB) – which is expected to overhaul the beleaguered Nigerian oil and gas sector, but has been in the works for the past six years – is putting the brakes on the Nigerian Gas [...]
President of the Athletics Federation of Nigeria (AFN), Evangelist Solomon Ogba has been given a ‘Special Recognition Award’ for his outstanding contribution towards the growth of sports in Nigeria’ at the 17th edition of City People Awards for Excellence 2014, [...]
The National Pension Commission (PenCom) has refuted a recent story that its N4 trillion assets were under threat as not only baseless but unfounded. A statement from the commission signed by Emeka Onuora, Head of Communications Unit noted that a [...]
Most e-payment frauds are perpetrated by ‘insiders’. Present and former I.T staff of financial institutions are the ones most likely to defraud you through e-payment. Watch Out! Ignorance of e-payment can make you an easy victim. So also is carelessness [...]
Standard Chartered structuring bank and global mandated lead arranger in Azura-Edo – The financing of the Azura-Edo IPP involves $220 million of equity and $530 million of debt from a consortium of local and international financiers. The announcement was made [...]
CBN recovers N13bn unauthorised charges by commercial banks – The Central Bank of Nigeria (CBN) said yesterday in Enugu that it has recovered in the last two years N13 billion being unauthorised charges by commercial banks to customers. The apex [...]
Nigeria’s foreign debt now $9.16bn – Nigeria’s rising debt profile was the major concern of the National Conference Committee on Public Finance as members sought to know the level of control the Debt Management Office (DMO) has on state governments [...]
The recent successful capital raising exercise by Seplat Petroleum Development Company Plc with its dual listing on the London Stock Exchange (LSE) and Nigerian Stock Exchange (NSE) is encouraging more Nigerian companies to the LSE, THISDAY was told on Monday. [...]
Access Bank plc is a full-service commercial bank operating through a network of over 310 branches and service outlets located in major cities across Nigeria, sub-Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the [...]
To think that Nigeria, Africa’s top crude oil producer, imports a big chunk of its refined petroleum products such as petrol and kerosene is bad enough. But worse still is that despite the fact that the country’s spending on ‘subsidised’ [...]
Akwa Ibom Government has reiterated its readiness to partner Fidelity Bank Plc in the areas of education, health, infrastructure and entertainment.Governor Godswill Akpabio, who stated this Friday when the Chairman, Board of Directors, Fidelity Bank Plc, Chief (Dr.) Christopher Ezeh paid him [...]
For several years in Nigeria, lending institutions, especially commercial banks, have been apathetic to lending to Small and Medium Enterprises (SMEs). One of the reasons given is that the rate of loan repayment default by SMEs is very high. As [...]
Transnational Corporation of Nigeria (Transcorp) Plc, the national conglomerate with 300,000 Nigerian shareholders, and the Nigerian National Petroleum Corporation (NNPC), Friday signed a production sharing contract for the exploration and production of OPL 281, under which Transcorp committed to a [...]
Eko Electricity Distribution Company (EKEDC) has secured a $150 million facility to expand its network. Its Managing Director, Oladele Amoda, disclosed this to the House Committee on Commercialisation and Privatisation, when the committee visited him. The company, he said, plans [...]
Indications have emerged that all debtors of closed banks with non-performing loans of a maximum of N250 million had been barred by the Central Bank of Nigeria from getting new loans from existing Deposit Money Banks. Some of these non-performing [...]
The Director-General of Securities and Exchange Commission (SEC), Ms Arunma Oteh, says Small and Medium Enterprises (SMEs) are essential to the development of the Niger Delta region. Oteh, who made the assertion in an interview with News Agency of Nigeria [...]
In size and economic status, Nigeria under the pre and post independence time was rated as the giant of Africa. Sadly, its inability to generate power to unlock its economic potential tends to put such claims in doubt. In this [...]
Mr Albert Okumagba is the managing director, BGL Group and the chairman,planning committee,Third annual national workshop of Chartered Institute Of Stockbrokers (CIS). In this interview with Friday Atufe, he talked on the reasons for the fallouts and the crash of [...]
The Director of Indonesian Trade Promotion Centre (ITPC), Mr Pontas Tobing, on Sunday announced a trade volume of $588.2 million (about N80.4 billion) between Nigeria and Indonesia in 2013. Pontas told the News Agency of Nigeria (NAN) in Lagos that [...]
Aviation unions on Sunday in Lagos said they would be going on a two-day national warning strike over the recent merger plan by the Federal Government of some agencies in the industry. The unions are the Air Transport Services Senior [...]
President Goodluck Jonathan said in Abuja on Sunday that the Federal Government had no plans to increase pump price petroleum for now. Jonathan, who gave this assurance at a Presidential Media Chat, noted that such action could not be taken [...]
Acute liquidity has hit the Nigerian Stock Exchange (NSE) as a result of Central Bank of Nigeria (CBN)’s monetary policy which has increased cash reserve requirement on public sector deposit from 50 per cent to 75 per cent. The development [...]
The number of kidnapped schoolgirls missing in Nigeria has risen to 276, up by more than 30 from a previous estimate, police said, adding that the actual number abducted by Islamic extremists on April 14 was more than 300. Police [...]
The National Orthopaedic hospital, Igbobi Lagos (NOHIL) has allegedly fired two nurses for wearing hijab while on duty. The nurses, Sekinat Sanusi and Fasilat Olayinka Lawal, are contesting their dismissal, stating that they wore their hijabs based on a policy set forth by the Nursing and [...]
A renowned Nigerian architect, Dr. Lanre Towry-Coker, has called on delegates at the on-going National Conference in Abuja to undertake a clinical review of the 1999 Constitution with regard to the provisions of the Land Use Act, which he said [...]
The Village Head of Nyanya in Abuja, Alhaji Haruna Shuaibu, on Friday, urged the Federal Government to deploy more security personnel to his domain to check the spate of bombings in the area. Making the appeal at the scene of [...]
Aviation officials say a woman has given birth prematurely aboard a passenger plane after it was diverted to a Spanish resort island. The 30-year-old woman, who was in the 26th week of pregnancy, went into labor during the British Airways [...]
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