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Etisalat Nigeria, the fourth Global System for Mobile communications (GSM) operator in Nigeria has invested $2.46 billion in Nigeria to build and expand its telecommunications network infrastructure. The investment which was made over the past three ye...
AIICO Insurance plc has recorded a 23.5 per cent drop in Profit After Tax during the third quarter ended September 30, 2011.In a report from the Nigerian Stock Exchange(NSE),the unaudited result for the third quarter showed a Profit After Tax of ...
Nigeria’s low growth in gross domestic product(GDP) has been blamed on lack of efficient allocation and management of the nation’s abundant human and natural resources.The Minister of Trade and Investment, Mr. Olusegun Aganga, stated this d...
The ongoing implementation of the National Identity Management System (NIMS) received a boost with the recent approval of the sum of N30.066billion for the accelerated implementation of the ‘back end’ component of the project by the f...
The Federal Inland Revenue Service (FIRS) has so far collected N21.94 billion due to the Federal Capital Territory (FCT) from January to September 2011. This amount represented Pay-As-You-Earn (PAYEE) and Personal Income Tax (PIT) collected from the re...
Transactions on the trading floor of the Nigerian Stock Exchange(NSE) continued in an upbeat, occasioned by price gains by major blue chip companies, just as market capitalisatison rose by N23billion. Particularly, at the close of transactions yesterda...
The Naira shed weight at the official and interbank market yesterday following the easing of the Net Open Position (NOP) of banks by the Central Bank of Nigeria(CBN), closing N150.01 and N160.20 respectively.The CBN had on Friday increased the NOP from...
The World Bank projects in various sectors of the economy in Nigeria have hit over $4 billion, MS Marie-Françoise Marie-Nelly, the bank’s country representative in Nigeria said yesterday in Abuja.Addressing journalists on the bank’s ...
Nigerian Stock Exchange(NSE) yesterday unveiled the New Gold Exchange Traded Fund (ETF) for investors just as a South African firm, ABSA Capital in synergy with Vetiva Capital Management Limited has concluded arrangement to float the gold-b...
Contrary to claims by Power Holding Company Of Nigeria (PHCN) that electricity supply and its billing system have improved, facts on ground indicate that a consumers are being ripped –off by the company.LEADERSHIP investigations revealed that som...
The Nigerian Electricity Regulatory Commission, (NERC) has said it was set to begin investigations into the nation’s poor metering system. Disclosing this in Abuja yesterday, Chairman of the Commission, Dr Sam Amadi, said a high powered co...
Air Nigeria is rewarding passengers on her loyalty scheme, eagleflier with a flexible offer of paying for their travel tickets using a combination of earned miles and cash to further reduce the actual cost of purchasing tickets for both regional and do...
The Nigerian Civil Aviation Authority (NCAA) said aggrieved passengers whose rights have been infringed upon by airlines could avail themselves of the opportunities made available by its consumer protection unit to address any issues they might have wi...
Members of the human rights community on Monday stormed the office of the Lagos state Governor Babatunde Fashola, to stage a protest against the proposed removal of fuel subsidy by the federal government as well as the poor electrcity generation in the...
The Federal Government has ordered the Financial Reporting Council of Nigeria(FRCN) to review the curriculum of the accounting profession to enable students gain exposure to practical applications of the International Financial Reporting Standards.It a...