The Federal Government has paid 45 per cent of the entitlements of workers of the Nigerian Telecommunications Limited, the National Union of Postal and Telecommunications Employees (NUPTE) has said. Sunday Alhassan, president of NUPTE, told the News Agency of Nigeria (NAN) in Lagos on Tuesday that the entitlements included outstanding salaries. Mr. Alhassan said that the government had also given…
The Dangote Group says it will invest 3.9 billion dollars (N585 billion) in the expansion of its cement plants in some Africa countries. Aliko Dangote, chairman of the company, disclosed this on Tuesday in Lagos while signing an agreement between his company and a Chinese firm, Sinoma International Engineering Co. Ltd. He said that the expansion project, expected to be…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to hasten the development of the rail system to enhance effective petroleum products distribution across the country. Olumide Ogunmade, the chairman of south-west chapter of the association, told the News Agency of Nigeria (NAN) in Lagos on Monday that rail system was one of the best and…
The government of India has said it is looking into addressing the lopsided economic relationship between it and Nigeria. Figures of trade released by the country show that bilateral relations between both countries for the year ended March 31, 2010 is $8.7 billion. Nigerian export to the Asia country is around $7.3 billion, while that of India to Nigeria is…
A recent report has shown that many Nigerians still do not know that their debit (Automated Teller Machine, ATM) cards can be used for more than just withdrawing cash from bank ATMs. Over 74 per cent of the respondents surveyed by ThinQThanQ, a research and database unit of financial technology, a financial services technology publication that circulates in 16 countries,…
Following the recent acquisition of billions of shares of the Transnational Corporation of Nigeria (Transcorp) by Heirs Holdings, an investment company, some investors are now “taking position” in the conglomerate’s stock. Transcorp’s shares were the most traded stock at the Nigerian Stock Exchange (NSE) on Tuesday with over 54.208 million volume of shares traded, while the share price rose by…
11 April 2011 Record signing Andy Carroll delivered a blow to Manchester City's Champions League ambitions as Liverpool cruised to a 3-0 victory over Roberto Mancini's side at Anfield on Monday. Carroll helped himself to his first two goals in a Liverpool shirt since joining from Newcastle for 35 million in the January transfer window. Dirk Kuyt also netted on…
A serving Senator, Iyabo Obasanjo-Bello, has debunked the speculation that she is the proprietress of a privately owned radio station, Rock City FM, with its operational headquarters in Abeokuta, Ogun State capital. She made this clear while featuring in a live programme at the station, explaining that she had no input in the establishment of the radio station, as being…
The governorship candidacy of Gboyega Isiaka of the People’s Party of Nigeria, (PPN) has received a boost, as the Yoruba group, Afenifere, yesterday endorsed him. The group through two of its leaders, Ayo Adebanjo and Onalapo Soleye, made this known in Abeokuta in the presence of two other leading Afenifere elders, Ayo Fasoranti and Lanihun Ajayi. The group urged all…
The Action Congress of Nigeria in Imo State has asked the Independent Electoral Commission (INEC) to cancel last Saturday’s election into the National Assembly. According to the leadership of the party, the election was fraught with massive irregularity and thus cannot stand. The state chairman of the party, Charles Ubah said for elections in the state to be credible, the…