Following the deplorable state of the nation's refineries which has resulted in local refining shortfall, and increase in the importation of petroleum products over the years, a National Refinery Task Force was yesterday inaugurated by the Minister...
The Minister of Power, Prof. Barth Nnaji, has said that investments of up to $100 billion were needed for the country to produce, transmit and distribute 40,000MW of electricity by year 2020. The minister who was speaking on a topic entitled: &ls...
Standard Chartered Bank Plc has recorded a growth of 11 per cent in profit after tax to US$6.78 billion even as it grew its loan advances by 9 per cent to $269 billion in its 2011 financial year end. The bank whose deposit base grew by 11 per cent to $...
The Nigerian Stock Exchange has expressed optimism that the passage of Petroleum Industry Bill would provide a further boost to listing prospects in the upstream oil and gas sector. The chief Executive Officer of the Exchange, Mr. Oscar Onyema, w...
Leading market analysts and industry regulators have described Nigeria's economic growth rate as exceptional, in spite of its huge infrastructure deficit, at a time of slow growth across developing economies. Speaking at the 2012 Standard Bank West...
The Central Bank Governor said Friday that he won't raise interest rates to counteract inflation driven upward by the end of a fuel-subsidy programme, as violent insurgents and a weak global economy threaten growth in one of Africa's most dynam...
The National Council on Privatisation (NCP) has approved that the Federal Government’s shares in Nigeria Unity Line (NUL) be sold through strategic investor sales. This was one of the decisions arrived at by the council at its first meeting for 2...
The President of the Nigerian Society of Engineers, Mr Mustafa Balarabe Shehu, has urged Nigerian engineers to use their work and their credibility to engage the government and the society if they wished to make an impact. He was speaking in Ower...
The National Council on Privatisation (NCP) has approved that the Federal Government’s shares in Nigeria Unity Line (NUL) be sold through strategic investor sales. This was one of the decisions arrived at by the council at its first meeting for 2...
As part of government efforts to increase food production, the Federal Government at the weekend said cocoa transformation action plan would double output from 500,000 metric tons to one million MT by 2015. The Minister of Agriculture and Rural Develop...
Air travellers were stranded at various airports across the nation yesterday as airlines could not fly due to scarcity of aviation fuel, otherwise known as JET A1. Though the scarcity became noticeable last Friday, it did not affect the services ...
The Federal Government through the Ministry of Trade and Investment has handed over 40 locked up shops at the Enugu International Trade Fair Complex to the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) to manage. The official hand...
The certainty of the direction of the naira is hardly determined easily. Two weeks ago, the local currency stood up against the United States dollar boldly, claiming back some vital points. During the period the gap between parallel and official market...
The World Bank assisted Commercial Agriculture Development Project (CADP) is to be expanded to five other states of the federation to cover the six geopolitical zones and further increase the number of beneficiaries, bringing the number of participatin...
The Vice Chancellor of the University of Nigeria Nsukka, Prof Bartho Okolo, has said that the new Gloworld opened by Globacom opposite the Institution at its main campus in Nsukka is a one-stop complex to meet critical needs of the University community...