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Contrary to claims by the Joint Senate Committee on Establishment and Public Service and States and Local Government Administration, chaired by Senator Aloysius Etok, that its preliminary findings revealed the illegal transfer of the sum of N3bil...
In the face of the rising complexities of modern business, regulators need to constantly update their knowledge base of operations in the sectors they regulate to enable them stay ahead of operators perform their supervisory functions effectively. Mana...
The turnover of shares traded on the Nigerian Stock Exchange (NSE) in the first quarter of 2012 dropped by 12.9 per cent, the News Agency of Nigeria (NAN) reports. According to the statistics obtained from the Exchange, investors traded 19.14 billion s...
As the issue of air fare disparity in the region continues to generate comments, Minister of Aviation, Princess Stella Oduah has disclosed that British Authorities have refused to renegotiate the Bilateral Air Services Agreement (BASA) it signed with N...
The federal government has budgeted N94.2 billion for the Turn Around Maintenance (TAM) of Warri Refining and Petrochemicals Company (WRPC). The TAM, which is part of measures to curtail petroleum products importation, is expected to last between 24 ...
Africa’s richest man Aliko Dangote plans to list his $11 billion cement business, Dangote Cement Plc, on the London Stock Exchange next year, the Financial Times reported on yesterday. Dangote was cited by the FT as saying he intends to free-float a ...
The Nigerian Civil Aviation Authority (NCAA) said it was working out a number of measures to overcome incidences of avoidable delays and cancellation of flights in the country as part of its consumer protection programme. The NCAA Director General, Dr....
The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, said yesterday that a whopping N27.50 billion has been syndicated to banks for the supply of fertiliser for 2012 farming season. Disclosing this to newsmen in Abuja, the minister...
Nigeria’s attempt to become a digital economy may be realised sooner going by the plans of the Nigerian Communications Commission (NCC) to draw a five-year (2013-2017) Strategic Management Plan (SMP) that will guide the growth and development of the ...
Nigerian telecommunication operators may drag the federal government to court by December 2013 if it fails in its promise to improve public power supply. The operators, who have been bearing the brunt of the poor electricity supply, said that the worr...
Transactions on the Nigerian Stock Exchange (NSE) maintained the downward trend on Monday with prices of some highly capitalised equities sliding. The All-Share Index, which opened at 20,652.47, dropped by 1.52 points or 0.007 per cent to close at 20,6...
The Debt Management Office (DMO) has called on Nigerians to always monitor the use of funds borrowed by their state governments for development purposes. The Managing Director of DMO, Dr Abraham Nwankwo made the call in an interview with the News Agen...
Vice-President Namadi Sambo on Monday in Khartoum urged the Islamic Development Bank (IDB) to assist in developing Africa. He challenged the bank to set aside 40 per cent of its operational budget for the implementation of the second phase of its Spec...
In the past few months, unease has enveloped the Nigerian telecommunications sector especially the service providers with the avalanche of notices from various local and state governments and their agencies seeking to collect levies and taxes from the ...
Diamond Bank Plc has recorded N11.254 billion loss in its Audited Report for the Period Ended December 31, 2011.The bank’s financial position was contained in a filing made to the Nigerian Stock Exchange (NSE) last Friday for verification. By thi...