Business

20 fuel-laden ships wait to berth in Lagos ports

The NPA says it is expecting 63 ships in the next one month

New World Bank leader visits Africa

The World Bank president will visit Cote d’Ivoire and then South Africa

Pipeline Explosion: PPMC shuts Atlas Cove pipeline

PPMC has shut down a major network that pumps petroleum products to depots in the South-West

Jumoke Akinjide

SURE-P will help create jobs, says FCT minister of state

“The SURE-P programme is aimed at creating employment for our women and youth,” Minister of State for Federal Capital Territory says.

N5,000 note will devalue naira – NBA president

Joseph Daudu says the new N5,000 note will promote money laundering.

Sambo in Tehran for Non-Aligned Movement summit

The Vice President is in Tehran with other members of the Non-Aligned Movement to discuss the issue of global peace

I resigned to retain my integrity, says Nnaji

Former minister says his resignation from office would enable him pursue his dream for integrated power supply in the country.

External reserve rises to $38.4billion, CBN says

CBN says the nation’s external reserve witnessed a 3.7 per cent growth on August 27.

Kano to spend 12 million dollars on 500 students

Kano state takes strides to develop education in the state.

Bankers oppose CBN’s N5000 note issuance plan

Senior staff of financial institutions warn that proposed currency restructuring and the issuance of N5000 note might devalue Nigeria’s currency.

Sanusi must convince us of N5000 note-Reps

The House of Representatives says it will consider poor Nigerians and the Nation’s inflation rate before endorsing the new currency denominations

U.S. invests $2bn in Nigerian agriculture, SMEs

Businesses registered with the Nigerian-American Chamber of Commerce are at an advantage

Why Power Minister, Barth Nnaji, was forced to resign

Mr. Nnaji was forced to step down just as the power supply situation in the country has improved tremendously

New Naira denominations: CBN, Senate, discuss

The CBN will not restructure the Nigerian currency without the senate’s consent.

Breaking News

Power minister, Barth Nnaji, resigns

The minister of power, Barth Nnaji, has resigned his appointment, a statement by the presidency has said. Reuben Abati, special adviser to the president on media and publicity, said President Goodluck Jonathan has accepted the minister’s resignation and thanked him for his services to the nation.   More to follow.

Nigeria, Benin, renew commitment to tackling illegal small arms trade

Nigeria and the Republic of Benin commit to a partnership that will halt illegitimate entries into both countries.

West African Gas Pipeline

West African Gas Pipeline Shut down

The West African Gas Pipeline Company (WAPCo), operator of the system, said the decision to effect the immediate closure of the facility on Tuesday followed an unusual loss of pressure experienced around the Lome segment of the pipeline.

Mars Curiosity First Image of Mars

NASA’s rover, Curiosity, sends home first image from Mars

NASA has released the first high-resolution, colour portrait images taken by the Mars rover, Curiosity.

FG appoints board for Sovereign Wealth Fund

The Managing Director of the Sovereign Wealth Fund was a former MD at financial giant, JP Morgan.

Senate Committee directs CBN to suspend introduction of new denominations

The senate wants the CBN to seek other ways of tackling inflation

Deji Bademosi quits CHANNELS after clash with John Momoh

By Ben Ezeamalu Multiple award winning TV journalist, and one of the nation’s most talented broadcast journalists, Deji Bademosi, has resigned his appointment with Channels Television over what sources described as “irreconcilable differences” with the Chairman of the station, John Momoh. Mr. Bademosi, who was Head of the television’s Political Desk, tweeted on Friday that […]

Court denies Bamanga Tukur’s son, others permission to travel abroad

High court justice, Lateef Folami, says it will be subjudice to allow Bamanga Tukur’s son and his colleagues indicted in the fuel subsidy scam to travel abroad.

Mamman Ali and Mahmud Tukur

Fraudulent marketers refund subsidy payments – FG

Nigerian Governors declared support for the stance of the Federal
Government on subsidy thieves

CBN’s new N5, 000 note may add nothing to economy, experts say

CBN’s decision to introduce N5000 note early next year did not excite Nigerian economists. 

fuel queue

NUPENG calls off strike in Abuja

The National Union of Petroleum and Natural Gas Workers (NUPENG) has called off the one-week old strike in Abuja.