Former Minister of Interior and Chairman Genesis Worldwide Shipping, parent company of Integrated Oil & Gas Ltd, Capt. Emmanuel Ihenacho (retd.) has foretold that oil subsidy budget by the federal government for 2013 fiscal year will surpass the N8...
Arik Air has begun a partnership with Lufthansa of Germany for the local maintenance of Arik aircraft to ensure flight safety. Capt. Ado Sanusi, Arik Air Vice President for Flight Operations, confirmed this to journalists in Lagos after their tour of t...
Participants on Monday converged on Lagos ahead of a conference by 20 African countries to discuss ways of ridding the continent of substandard products. The News Agency of Nigeria (NAN) reports that as a prelude to the meeting, some of the participati...
Dr Olusegun Aganaga, the Minister of Trade and Investment, says that the Federal Government is partnering with the private sector to establish industrial parks to facilitate industrial development. Aganga said this in Abuja on Monday at the opening of ...
Managing Director of Hortigragh Nig. Ltd., Arc. Ahmed Goringo, in this interview with JULIET ALOHAN says estate developers peg the cost of house rent to the housing allowances of government officials. He also says that local manufacture of building mat...
Transactions on the Nigerian Stock Exchange appreciated for third consecutive day on Wednesday as the investing public weigh the implication of the suspension of the Director General of SEC, Ms Arunma Oteh. The News Agency Nigeria (NAN) rep...
Nigerian naira eased further against the U.S. dollar on the interbank on Wednesday despite the central bank's direct intervention to calm the market and an increase in supply of the greenback at its bi-weekly foreign exchange auction. The naira end...
Some financial experts on Saturday commended the Central Bank of Nigeria (CBN) over the N75 billion approved for the commencement of Nigerian Incentive-Sharing in Agricultural Lending (NIRSAL) to farmers. They told the News Agency of Nigeria (NAN...
The recent banking sector reform is targeted at stabilising the Nigerian economy, the Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, said. Sanusi made the statement in Lagos on Thursday at the 4th stakeholders’ forum...
The First Lady, Dame Patience Jonathan on Thursday in Abuja said that the arts and crafts industry would promote economic emancipation of Africa, if developed. She said this at the opening of the 5th edition of African Arts and Crafts Expo (AFAC), orga...
President Goodluck Jonathan says Nigeria is open to greater investment by Austrians in critical sectors of the economy, including power generation. The President said on Thursday during an audience with the Vice Chancellor and Foreign Minister of Austr...
The Minister of Tourism, Culture and National Orientation, Chief Edem Duke, has expressed the ministry’s commitment to increase Nigeria’s Gross Domestic Products (GDP) and foreign exchange earnings. Duke said this at the African Arts and Cr...
Prof. Barth Nnaji, the Minister of Power, said on Thursday that the repair of electricity transformers in the country would save Nigeria more than N1.5 billion. The News Agency of Nigeria (NAN) reports that Nnaji made the disclosure at the inauguration...
Ninety-one ships carrying various consignments of goods are expected to berth at Lagos ports from Tuesday. The Shipping Position, a document of the Nigerian Port Authority (NPA), released in Lagos on Tuesday indicated that 22 of the ships were carrying...
Dr. Titus Okunronmu, a Former Director in the Central Bank of Nigeria (CBN), on Tuesday called for effective supervision under the new banking regime. He told newsmen in Lagos that the step was necessary to save the country from recurrence of the last ...