Author: Naija4Life

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} Bureau of Public Enterprises (BPE) yesterday said it has formally written to Omen International Limited, the reserve bidder…

Experts have stated that high oil price, which is expected to shore up the nation’s foreign reserves, may also have harsh effects on consumers’ pockets and companies books. The high oil prices, which experts foresee would last through March and April and moderate sometime midyear at the expense of consumers’ disposable income, would soon begin to have some indirect rippling…

Egypt’s government is reviewing a proposal to increase the size of a fund set up to help small investors who bought shares on margin or credit before political turmoil led to the bourse closing, a market official said. The stock exchange has been shut since January 27 amid a popular uprising that forced President Hosni Mubarak out of power after…

The Senate will this morning commence the third reading of the Petroleum Industry Bill (PIB) after it deferred deliberations last week. The postponement last week was due to the failure of senators to form a quorum, apparently as a result of the ongoing political campaigns. Last Tuesday, only 23 of 109 senators, 10 short of the required minimum to form…

The Central Bank of Nigeria (CBN) has warned Bureau de Change (BDCs) operators against failure to make timely report on its operations to the regulator. Director of Trade and Exchange of the CBN, Batari Musa, in his message in the 2011 annual general meeting of the Association of Bureau de Change Operators of Nigeria (ABCON) held in Lagos emphasised the…

Cyril Agbele, Accountant General of Delta State has advised that the three tiers of government should be fully involved in the utilisation of the proposed Sovereign Wealth Fund (SWF). When established by law, the SWF would over-ride the Excess Crude Account into which the Federal Government currently deposits excess crude oil revenue and shares with other tiers of government as…

Nigeria and Canada are set to improve their trade and investment relations, Foreign Affairs Minister Odein Ajumogobia, has said. Mr. Ajumogobia spoke to the News Agency of Nigeria (NAN) at the weekend in Washington D.C. after a one-day visit to Canada on Wednesday.He described trade relations between both countries as ‘‘not significant'', compared with a ``very good'' political and diplomatic…