The International Labour Organisation (ILO) has warned world leaders that there is an urgent challenge to create 600 million productive jobs over the next decade in order to generate sustainable growth and maintain social cohesion in 2012. This was dis...
The National Union of Petroleum and Natural Gas Workers (NUPENG) has called off the nationwide strike it embarked upon on Tuesday to protest against some labour issues in oil giant, Shell. Mr Tokunbo Korodo, Chairman of NUPENG in South-West, confirmed ...
Access Bank Plc on Tuesday announced the conclusion of its acquisition of the assets and liabilities of the former Intercontinental Bank Plc. However, from the statement released to our correspondent, the merger followed regulatory, judicial and shareh...
The banking sector has undergone lots of reforms in the last two years and this has come at great cost to government. With the relative stability in the financial system, banks are expected to play more pivotal role in the economy in order to justify t...
The Nigerian National Petroleum Corporation (NNPC) has said that the Kaduna refinery was capable of running at 60 per cent installed production capacity following a quasi turn around maintenance two years ago. This, according to the Corporation’s...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has directed the newly appointed indigenous firms, Sada Idris and Co., and Haruna Yahaya and Co., to carry out the assignments of conducting the oil sector and solid minerals sector audi...
Monetary Policy Rate (MPR), otherwise known as benchmark interest rates will not be raised when the Monetary Policy Committee (MPC) meets for the first time this year as a result of the first round of inflationary effects from the removal of fuel subsi...
The effort to attract firms in major sectors of the economy to list on the stock exchange over the years has not yielded the desired result. The stock market downturn and the absence of an alternative platform may be a major impediment. In this write-u...
The Department of Petroleum Resources (DPR) yesterday sealed off ten petrol stations in Kaduna State for involving in sharp practices ranging from diversion and selling of fuel above the price of 97 naira. LEADERSHIP gathered that seven of the sealed f...
The Federal Government needs to be decisive in dealing with the insecurity problem currently portraying the nation in bad light in order to attract foreign investors into the country and promote economic and industrial development, writes FLORENC...
The Governor of the Central Bank of Nigeria(CBN), Mr. Sanusi Lamido Sanusi, has decried the huge infrastructure need of the country stressing that it was still a major challenge to the financial sector. According to a statement from the apex bank yeste...
The Petroleum Industry Bill (PIB) has been said to be central to deepwater offshore exploration and production activity in Nigeria. This was stated by the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Chike Onyejekwe, ...
Performance indicators of equities at the Nigerian Stock Exchange(NSE) inched up yesterday by 0.14 per cent as investors were still trading with caution to minimise loss and maximise returns. The market capitalisation added N9.23 billion, while the All...
The House yesterday summoned the immediate past executive secretary of the Petroleum Product Pricing and Regulatory Agency, Engr. Goody Egbuji, to appear today to answer to massive allegation of fraud in the agency while he was in charge. The Reps Ad-h...
The food and beverage sub- sector of the Nigerian economy is thriving with about 14 compan...