Capital oil boss, Ifeanyi Uba, to remain in detention, court rules
A Federal High Court in Lagos on Monday struck out a bail application filed by Ifeanyi Uba, the CEO, Capital Oil and Gas, and four others charged with N43.29 billion fuel subsidy fraud. Others charged with Mr. Uba are Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji, all employees of the Capital Oil and […]
Finance experts urge mobile money providers to re-strategise
The CBN is making efforts to make mobile money payments popular.
Telecommunication companies want more role in mobile money
The Telcos said the present arrangement is not fait to them.
Government to earn N329billion from sale of PHCN successor companies
The sale of the Power Holding Company of Nigeria, PHCN, successor distribution companies is to fetch the Federal Government more than N197.25billion in revenue. The formal bids opening for 10 of the 11 PHCN successor companies slated for privatization were successfully held Tuesday in Abuja by the Bureau of Public Enterprises, BPE. The bid for […]
‘Abubakar’s firm’ emerges tops in bids for four power distribution companies
The guidelines prevent one company from acquiring more than two distribution companies.
Abdusalam Abubakar, Tinubu, Otudeko battle for Eko Distribution Company as BPE opens bids
Bids are to be opened for 11 distribution companies
Skye Bank, UBA release 2012 results for first 9 months
Both banks declared a better result for 3rd quarter of 2012 than that of 2011.
Benchmark crude price best at $75, Okonjo-Iweala insists
The finance minister said anything above the $75 could hurt the economy
Flood threatens Nigeria’s hope of rice self-sufficiency
As floods continue to wreck havoc in several States of Nigeria, destroying farmlands growing rice, maize and other crops, reports of damages pouring from all parts of the country point to a severe destruction of agricultural areas, prompting fears of imminent food insecurity. A report compiled by a group of journalists in Abuja who toured […]
Excess Crude Account rises from increased crude sales
Nigeria earned more from crude sales in September.
PPPRA set to issue fourth quarter fuel imports permit
The permit will ensure the stability of fuel supply during the yuletide.
CBN seeks collaboration for success of cashless Nigeria
CBN says everyone will benefit from the cashless policy.
Funds movement behind capital market stability, says operators
Nigeria’s capital market has been stable in recent times.
Nigerian cooking gas, most costly in the world- Gas Association boss
Federal Government policies are stifling growth in natural gas sector
Oil workers threaten strike over killing of members by vandals
PENGASSAN accuse petroleum minister of being insensitive over the plight of oil workers.
Voters card now sufficient for bank identification- CBN
The voters’ registration cards will now become an acceptable form of identification in banking halls.
Tell truth about your operations – NSE boss charges companies
The NSE boss says organizations should endeavor to publish the information the public needs to know.
Airtel ownership controversy/ Court dismisses Bharty Airtel’s application
ECONET wireless maintains that its stakes were unfairly cancelled when Zain took over in 2005
NITEL workers seal head office, protest non-payment of 10 months salary
The NITEL workers are asking for full payment of their 10 month salary arrears.
Reps want Abuja Sheraton Hotel’s post-acquisition plan revised
Sheraton hoteliers say they have put in place measures to bring the services of the hotel to international standards.
Landlord docked for removing roof of tenant’s house
A Lagos landlord has been docked for allegedly removing the roof of his tenants abode.