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The Pipelines and Products Marketing Company (PPMC) has allayed fears of fuel scarcity in the country, saying that oil marketers have resumed fuel importation. The PPMC gave the assurance on Thursday in Abuja in a statement signed by Dr Levi Ajuonuma, ...
Vice President Namadi Sambo has expressed the willingness of the National Council on Privatisation (NCP) to partner the National Assembly in meeting the objectives of government’s privatisation policy. He said the privatisation policy was aimed a...
The federal government yesterday approved the sum of N15 billion to supplement the N10 billion earlier approved for the public mass transit programme it introduced last month to cushion the biting effect of fuel subsidy removal on Nigerians. It a...
The Nigerian Ports Authority (NPA) on Tuesday said 24 ships have berthed at the Lagos ports and oil jetties discharging their cargoes. The "Shipping Position", an official document of the NPA, released in Lagos indicated that six of the ships...
In separate interviews in Lagos that any nation experiencing rising inflation rate would not achieve sustainable economic growth. The Bureau of Statistics on Monday reported that inflation rate climbed sharply to 12.6 per cent in January from 10.3 per ...
The Federal Government has given the Nigerian Airspace Management Agency (NAMA) additional responsibilities to effectively manage the nation’s airspace as it has directed the agency to oversee airfield lighting at all airports, be in charge of bi...
Nigeria’s fastest growing and most innovative telecommunications operator, Etisalat, has emerged winner of the ‘African Telecoms Deal of the Year 2011’ at the 13th Euromoney/Project Finance Magazine Awards in London last week. This de...
Despite public outcry against its concessioning of security of its waters, the federal government has refused to reason with the Nigerian citizens. By contracting Nigeria’s maritime security to a private firm, experts say the federal government h...
The journey of a thousand miles begins with one step, they say. Now that the Federal Government has announced plans to borrow almost $8billion, (about N1.3trillion), the question on the lips of many Nigerians is: "Is this the beginning, of the nat...
The energy sector, for so many years has defiled solution by past administrations. However, the minister of Power, Professor Barth Nnaji says power problem will soon be a thing of the past. Recently he fielded questions from journalists in Abuja where ...
The Independent and Major Petroleum Marketers Association of Nigeria (IPMAN), Ilorin branch, has suspended its two-day strike which almost paralysed commercial activities in the state. In a statement in Ilorin on Wednesday, the Kwara Chairman of ...
The Asset Management Coporation of Nigeria (AMCON) is in the process of selling the commercial lenders that it took over last year amid efforts to stabilize the country’s banking industry following a lending crisis, said central bank Govern...
Trading on the Nigerian Stock Exchange (NSE) was on the upbeat on Tuesday after days of persistent slide in share prices. The All-Share Index grew by 83.39 points or 0.41 per cent to close at 20,667.00 against the 20,583.61 posted on Monday. Also, the ...
President Goodluck Jonathan on Tuesday in Abuja wrote a letter to the Senate President requesting approval to borrow about $7.9 billion for pipeline projects. The President said the request was coming under the medium term (2012-2014) external borrowin...
The Kebbi government has secured approval from the CBN to establish 16 additional branches of micro-finance banks in some local government areas of the state. Alhaji Bello Tuga, the Commissioner for Works and Housing, disclosed this...