The old saying – “Cut your coat according to your clothe” appears to be one thrown to the wind by the Federal Government and indeed the three tiers of government in the country. One would have expected that as revenue from oil dwindle...
Flour Mills of Nigeria Plc has recorded a N258.3 billion turnover for the year ended March 31, 2012, as against N238.8 billion posted in 2011, just as it is proposing a cash dividend of N1.60 per share. Despite the slight increase in turnover, profit a...
The House of Representatives Public Account Committee (PAC) over the weekend asked the Director-General of Bureau of Public Enterprises, Ms. Bolanle Onagoruwa to explain how N56.8billion loans were disbursed to twenty two federal government agencies pr...
The NNPC said it would on Monday re-open the Pipelines and Products Marketing Company (PPMC) Depot in Aba, closed almost a decade ago due to pipeline vandalism. This is contained in a statement signed by the acting Group General Manager...
A female customer of Unity Bank Plc Bikudaimai Joura, has emerged the first winner of the star prize, a Hyundai Verna sedan car, in the bank’s Aim, Save and Win Promo. The first national draw of the ongoing promo which held in Abuja last Saturday...
The numerous power stations being constructed nationwide may fail to meet the yearnings of the economy if immediate and strategic succession planning was not put in place to ensure smooth transition from the retiring engineers who have sustained the se...
Dr. Jim Yong Kim resumed duties on Monday as the new World Bank President, stressing the role of the 188-member organisation in helping to address global growth risks and providing development assistance. “The World Bank has an economic and moral...
As part of measures to improve electricity supply in the country, the Eko Electricity Distribution Company has said that over N2 billion has been committed to reinforce and maintain its network in the last six months. The Chief Executive Officer ...
Connected telephone lines in the country has reached 136,038,021 in the month of April, up from 134,913,614 in March this year. New figures released yesterday by the telecom regulator, Nigerian Communications Commission (NCC) indicated that...
The Nigerian National Petroleum Corporation (NNPC) yesterday denied operative right over the United States-based bank, JP Morgan. However, the Executive Director of Finance, Benard Okechukwu who was summoned yesterday by the Senate joint committe...
The Solomon Adeola-led House of Representatives Public Account Committee (PAC) yesterday ordered the management board of the Petroleum Equalisation Fund (PEF) to refund N27,051,618,579 to the Federation Account within three months - the monies being 80...
The Final Investment Decision (FID) on the two-train Brass Liquefied Natural Gas (LNG) project would be taken in the first quarter of 2013 the Board has said. Board of the Brass LNG Limited disclosed that the 10 million metric tonne per year (mmt/y) pr...
Twenty ships carrying various goods are expected to berth at the Port Harcourt port between July 2 and 4. This was contained in the shipping position released by the Nigerian Ports Authority on Monday in Port Harcourt. It said that one other ship would...
The Nasarawa State Government said on Monday it would partner with Dangote Group of Companies and the Raw Material Research and Development Council to set up salt industries. Mr. Samuel Nkene-Meshi, the Commissioner for Science and Technology, disclose...
The Nigerian Association of Master Mariners (NAMM) in Lagos on Monday called on the Federal Government to leverage maritime education and institution to international standards. Capt. Adejimi Adu, NAMM President, told the News Agency of Nigeria (NAN) t...