Business

FG needs N346bn to finance transmission infrastructure

FG needs N346bn to finance transmission infrastructure
March 19, 2013 No Comments »

The Federal Government is to spend additional N346 billion for the installation of transmission infrastructure across the country, under the current power reform roadmap. Minister of State for Power, Mrs Zainab Kurchi, who made the disclosure yesterday in Lagos, during ... Read More »

Kano airport will grow northern economy – Sanusi

Kano airport will grow northern economy – Sanusi
March 18, 2013 2 Comments »

Central Bank Governor, Mallam Sanusi Lamido Sanusi has extolled the Aviation Minister, Princess Stella Oduah for expanding and modernizing the Mallam Aminu Kano International Airport (MAKIA), Kano, saying that the new structure will catalyze the rapid growth of northern economy Read More »

Israeli firm, NNPC Co-op seal agric devt deal

Israeli firm, NNPC Co-op seal  agric devt deal
March 18, 2013 No Comments »

The Nigerian National Petroleum Corporation (NNPC) Staff Co-operative Multi-purpose Society Limited has declared a total of N157,317,832.00 as dividend payable to shareholders for 2012. President of the NNPC Co-op, Mr. Ojeyemi Adeleke Read More »

NNPC refunds N7bn to FAAC

NNPC refunds N7bn to FAAC
March 15, 2013 No Comments »

Nigerian National Petroleum Corporation (NNPC) yesterday refunded N7.617 billion to the federation account, as part of its debt, and arrears of N156.76 billion for the month of January, owing to the late implementation of the budget Read More »

ATM Cards: Reps kick against N100 maintenance fee

ATM Cards: Reps kick against N100 maintenance fee
March 14, 2013 9 Comments »

The House of Representatives has kicked against the introduction of N100 monthly as maintenance fee on ATM cards by some banks, describing it as exploitative. Consequently, the chamber mandated its Committee on Banking and Currency to probe all approved bank ... Read More »

Nigeria can rank as a leading cement manufacturing country, says UniCem MD

Nigeria can rank as a leading cement manufacturing country, says UniCem MD
March 14, 2013 No Comments »

Recently, Mr. Olivier Lenoir was appointed as UniCem’s managing director, following the resignation, for family reasons, of the former helmsman, Mr. Didier Tresarrieu, on December 7, last year Read More »

NNPC denies owing FG N142.7bn in unremitted funds

NNPC denies owing FG N142.7bn in unremitted funds
March 13, 2013 1 Comment »

Management of the Nigerian National Petroleum Corporation has denied that the Corporation is indebted to the Federation Account to the sum of N142.7 billion as claimed in the report by the Chairman of the House of Representatives Committee on Finance, ... Read More »

Power: Nnaji insists on full implementation of reform roadmap

Power: Nnaji insists on full implementation of reform roadmap
March 13, 2013 4 Comments »

As Nigerians still groan under constant poor and inadequate electricity supply, the immediate past minister of Power, Prof. Barth Nnaji, has said that all that is needed to give Nigerians the required service in the power sector was full implementation ... Read More »

Jonathan sacks Demuren as DG, NCCA

Jonathan sacks Demuren as DG, NCCA
March 12, 2013 1 Comment »

President Goodluck Jonathan, has approved the removal of Dr. Harold Olusegun Demuren from office as the Director General of the Nigerian Civil Aviuation Authority (NCAA) with effect from today, March Read More »

NCC, operators trade blame over mobile number portability scheme

NCC, operators trade blame over mobile number portability scheme
March 11, 2013 1 Comment »

… As controversy surrounds take-off Read More »