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 ...
Mr Lateef Oyelekan, National President of the National Union of Food Beverage and Tobacco Employees, has urged the Federal Government to stop the importation of food items, to encourage the local industries. He told newsmen on Sunday in Lagos that the ...
Incessant power outage in the country has continued to constitute a major challenge to Nigeria’s economic growth and development. Solving the lingering electricity problem is critical to realising the nation’s quest of becoming one of the 2...
Residents of Ogombo community in Eti-Osa Local Council Development Area (LCDA), of Lagos State, now have access to potable water, courtesy of the Finance team of Stanbic IBTC Bank, who donated a borehole, with a water treatment plant and a 2,000-litre ...
The Managing Director/Chief Executive Officer, Maxifund Investments and Securities Limited, Mr. Okechukwu Unegbu, has advised members of the National Assembly not to remove the CBN’s autonomy. Unegbgu, who was a former president of the Chartered ...
Shareholders of Skye Bank Plc have endorsed the payment of N3.3 billion as dividend to the bank’s investors as proposed by the board of directors. This translates to 25 kobo dividend per share for the period ended December 31, 2012. The bank&rsqu...
Deji Fisho is the Executive Director, Fortis Micro Finance Bank. In this chat with Michael Oche, he talks about various issues affecting the micro finance banking sector, its potentials and what government need to put in place to move the sector forwar...
The Central Bank of Nigeria (CBN) has adopted the National Identification Number (NIN) as the only acceptable means of identification for institutions across the country from January next year. The adoption of NIN, the apex bank said, was in a bid to e...
The fines imposed by the Nigerian Communication Commission (NCC) on the four operators of Global System for Communication (GSM) for quality of service breach have reached N1.24 billion even as a meeting called at the instance of the operators failed to...
At the 6th edition of the African Banker Awards, under the patronage of the African Development Bank on Wednesday in Tanzania, Mr. Olusegun Agbaje, Managing Director of Guaranty Trust Bank, Nigeria was awarded the African Banker of the year. He was pre...
Oando Exploration and Production Limited (OEPL), a subsidiary of Oando Plc with 13 exploration and production assets, has announced that it has signed a farm-in agreement with Network Exploration & Production Nigeria Limited (NEPN) for the acquisit...
The National Union of Textile Garment Workers of Nigeria (NUTGWN) on Sunday called on the Federal Government to be consistent with its policies on locally manufactured goods. Mr Oladele Hunsu, the newly elected President of the Union, told the New...
The unorganised informal business sector has bounced back after the federal and Lagos State governments took steps to rid the major seaport road and Oshodi-Apapa Expressway of trucks and tankers, which have been causing traffic congestion on the road i...