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Mr Wale Tinubu, Group Chief Executive of Oando on Friday said that the company retained its 2011profit to ensure robust dividend to shareholders in future. Tinubu said this at the company’s 35th annual general meeting (AGM) held in Lagos. He said...
The Standards Organisation of Nigeria (SON) in Anambra said on Friday it impounded sub-standard electrical cables valued at over N15 million. Briefing journalists in Onitsha, Mr Louis Njoku, Director of Enforcement of the organisation, said that ...
With federal lawmakers from both chambers of the National Assembly proceeding on their scheduled annual recess, the House of Representatives yesterday described as “curious” President Goodluck Jonathan’s decision to forward the Petrol...
The Central Bank of Nigeria (CBN) is working with the Nigerian Deposit Insurance Corporation (NDIC) to provide insurance cover for users of mobile banking services as a way of mitigating losses that could arise from that such transactions. CBN Assistan...
The Minister of Aviation, Princess Stella Oduah, has disclosed that the ministry was considering reducing the age of domestic aircraft that could be certified to operate within Nigerian air space from an average 22 years to 15 years. The minister, who ...
A total of N75 billion was raised by the Debt Management Office (DMO) through bonds at this week’s auction, just as the Central Bank of Nigeria (CBN) has revealed plans to mop up N154.9 billion from circulation through Treasury Bills. Accor...
The Agric Credit Scheme which was introduced in 1978 to induce banks to channel credit to the agricultural sector has so far guaranteed N55.99bn for 763,514 borrowers as at May 2012. This disclosure was made by Paul Eluhaiwe, Director finance departmen...
The Chairman of Pacific Energy Mr. Adedeji Adeleke yesterday said that the Federal Government would soon commence the building of a coal power plant worth $4 billion dollars in Benue State. Adeleke who made this known during the official commissi...
The Nigerian National Petroleum Corporation (NNPC) has said it is not yet in a position to confirm or deny the alleged improper loans to the federal government. Media report yesterday quoted Reuters as alleging that the federal government was owing the...
Citing environmental concerns, the House of Representatives yesterday queried the federal government’s 15-year restriction on imported used vehicles as it directed its committees on environment, road safety and Customs to conduct an environmental...
The Senate yesterday said it was yet to receive the Petroleum Industry Bill (PIB) from the presidency. Briefing newsmen after plenary, the Chairman of the Senate Committee on Information and Media, Enyinnaya Abaribe, said they had expected the Bi...
The Ibrahim Tukur El-Sudi-led House of Representatives Ad Hoc committee that investigated the remote and immediate causes of the near collapse of Nigeria’s Capital Market yesterday laid its report before the Lower House. The speaker, Aminu ...
In order to avoid any unwanted situation that may arise from the lack of transparency in the Power Holding Company of Nigeria (PHCN) bidding process, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said that th...
Following the two recent aircraft accidents involving two Nigerian airlines - Dana Air and Allied Air in Lagos and Accra, Ghana respectively, the Federal Government has said it would make the International Airline Transpor...
Banking stocks yesterday on the floor of the Nigerian Stock Exchange for the day running, lifted market indices further by 0.27 per cent. The banking sector trading increased the All Share Index by 0.27 per cent to close at 23,039.27 points, compared t...