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The Minister of Power, Prof Barth Nnaji, has said that the federal government has concluded planes commence a power load study that would last for about six months. Nnaji, who stated this yesterday in Abuja while receiving a United States delegation, a...
Sequel to the nationalisation of three banks, Afribank, Bank PHB and Spring Bank, and the coming into being of Mainstreet Bank Ltd, Keystone Bank Ltd, and Enterprise Bank Ltd, the managing director of Nigerian Deposit Insurance Corporation (NDIC), Alha...
As part of efforts towards tackling problems caused by lack of natural gas in the country, Oando Gas and Power Plc, a subsidiary of Oando Plc, has entered into partnership with the Rivers State government to operate the state gas infrastructure in Port...
I watched with rapt attention the debate in the Nigerian senate on how the millions of unemployed youths roaming the street could be taken off . I was amazed at how confused our politicians are about solving a problem that has the potentials of consumi...
The federal government is to restart the sale of its former state telecoms company, Nitel, following a failed privatisation process, the bureau of public enterprises (BPE) said yesterday. Sub-Saharan Africa’s number two economy pulled its latest ...
Arik, West/Central Africa’s largest commercial and Africa’s fastest growing airline, has been named the official airline for the August 9, 2011 international friendly match between the two West African soccer giants, the Super Eagles of Nig...
Nigeria, the world’s fourth-largest cocoa producer, plans to almost double production in four years by providing farmers with access to new seeds, fertilizer and finance, Minister of Agriculture, Akinwunmi Adesida has said. Production will increa...
The Federal Executive Council (FEC) yesterday approved the Central Bank of Nigeria’s (CBN’s) cashless economy proposal, seeking to use Lagos to test run the policy. The FEC added that the policy would help reduce cost of running banks by 30...
The Nigerian Electricity Regulatory Commission (NERC) has challenged the German engineering company, Siemens, to transcend its engineering procurement contract business interests in Nigeria to become an active operator in the country’s power sect...
In a bid to further strengthen the implementation of the local content policy, the Nigerian Content Development and Monitoring Board (NCDMB) has issued a directive barring oil and gas operators and contractors in Nigeria from importing any oil sector e...
Small and Medium enterprises SMES have been recognised as the bedrock of a nation’s industrial and technological advancement.This was one of the conclusions reached by the participants at the just concluded 6th D-8 Business Forum/ Exhibition whic...
The National Association of Government Approved Freight Forwarders (NAGAFF), has withdrawn the pre-action notice it gave the Standards Organisation of Nigeria (SON). Also withdrawn was the petition it filed against the organisation which has been a sub...
Experts have said that the recent move by banks to access information through credit bureaux before giving loans to their customers would reduce high risk associated with lending. They also said that credit bureaux services would as well help banks and...
Guaranty Trust Bank Plc has set a strategic plan to sell its 67.68 per cent equity stake in Guaranty Trust Assurance Plc, to Assur Africa Holding for a consideration of N11.910 billion. The completion, which is subject to regulatory approvals, is expec...
The government has mandated Standard Chartered Bank (SCB) to serve as sovereign credit ratings advisor for the country. The British Prime Minister to Nigeria, David Cameron , the Minister of State for Finance of Nigeria, Dr. Yerima Ngama and the Group ...