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Enugu approves N759m for CCTV, bridges

Over N759,000,000 has been approved by the Enugu State Executive Council for the execution of various projects in the state. This was disclosed by the State Commissioner for Information, Mr. Chuks Ugwoke at a press briefing at the end of ...

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GTBank profit grows marginally by two% in1Q

Guaranty Trust Bank GTBank has recorded marginal growth for its first quarter financial result as its profit after tax increased by two per cent. The Bank’s results submitted at Nigerian Stock Exchange showed that profit after tax rose from N22.556 ...

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Minister woos foreign investors

Minister of State for Power, Hon Mohammed Wakil has called on foreign investors to take advantage of abundant renewable energy resources in Nigeria and invest for power generation in the country. Aside renewable energy sector, the minister further elaborated on ...

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Poor Power: Nsukka community protests high tariff

Poor power supply Nsukka members of the Allied Business Community, yesterday staged a protest for what they called exploitation of their members by the Enugu Electricity Distribution Company (EEDC). The members carried placards with various inscriptions some of them read: ...

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Mutual Benefit introduces 36 insurance products

As part of measures to position  itself as number  one insurance company  in the country, in terms of quality service delivery, Mutual Benefit has launched 36 new retail insurance products into the financial market. The company, which generate over N1 ...

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NERC assures host communities on HYPADEC take-off

The Nigerian Electricity Regulatory Commission (NERC) has assured the host communities of the various hydro power plants that it had made provision for solid take of Hydroelectric Power Producing Areas Development Commission (HYPPADEC). The Chairman/CEO of the Commission, Dr. Sam ...

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FG vows to ensure improved quality of cement

Determined to put in place measures to reduce the incident of building collapse in the country the Federal Government has vowed to improve supervision and enforcement standards for the cement industry. The Minister of Industry, Trade and Investment, Mr Olusegun ...

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NAIC pays sugar firm N80m claims

The Nigerian Agricultural Insurance Corporation (NAIC) has paid about N80 million claims to the Savannah Sugar Company (SSC) Numan, following the recent crop losses and sequel to the fire out break and floods that ravaged a total of 458 hectares ...

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NAHCO endows BUK with N25m

Board of the Nigeria Aviation Handling Company (NAHCO Aviance Plc) has approved two chaired professorial endowments-the first in Bayero University Kano, home of West Africa’s first airport and the second in University of Lagos (UNILAG). The endowment fund is worth ...

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NCAA re-issues AOC to Overland Airways

In the ongoing re-certification of all the nation’s airlines, the Nigerian Civil Aviation Authority (NCAA) has re-issued an Air Operator’s Certificate to Overland Airways. The acting director general of NCAA, Engineer Benedict Adeyileka who presented the document to the airline ...

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Data reveals low internet use on GSM networks

The latest Internet Subscriber Data (ISD) released by the Nigerian Communications Commission (NCC) reveals that internet users on the Global System for Mobile Communications (GSM) declined from an earlier figure of 64, 079, 270 in January to 63,474,364 in February ...

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Monetisation: NCC retirees sue BPE

The disengaged staff and pensioners of defunct Nigerian Coal Corporation (NCC) has dragged the Bureau of Public Enterprise (BPE), the Vice Chairman, National Council on Privatization (NCP) and Nigerian Coal Corporation (NCC) before an Industrial Court sitting in Enugu for ...

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Why FAAC revenue dropped – Abia AG

The recent drop in revenue shared to states from Federation  Accounts Allocation Committee (FAAC) been attributed to criminal activities on oil installations across the country. The Accountant-General of Abia State, Gabriel Onyendilefu disclosed the problems to newsmen in Umuahia, listing ...

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Jaiz grows investments by over 380%

Jaiz Bank Plc, the Nigeria’s first and currently the only full-fledged interest free bank has grown its investment portfolios in the last two years to more than 380 per cent. It’s Chairman, Board of the Directors, Alhaji Umaru A. Mutallab ...

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Minister canvasses improvement of national parks

The Minister of Environment, Mrs.LaurentiaMallam has advocated for the improvement of Abuja National Park to an international standard with the view of promoting tourist activities in Nigeria. Speaking to journalists yesterday briefly after an inspection exercise of the park in ...

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CFA holds summit to improve cooperative societies

Determined to increase the fortunes of the Savings and Credit Co-operative Societies and Unions (SACCOS) in Nigeria, the National Co-operative Financing Agency of Nigeria (CFA National), formerly known as the National Association of Co-operative Credit Unions of Nigeria (NACCUN),  has ...

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NEPC, ZAFAA to create an export path for Nollywood

The Nigerian Export Promotion Council (NEPC) and Zulu African Film Academy and Awards (ZAFAA) are working to promote Nigerian films in the international market. The Executive Director/CEO of NEPC, Mr.OlusegunAwolowo disclosed this yesterday in Abuja while receiving the representative of ...

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Accidents gulp 3% GDP – Chidoka

The Corp Marshal of the Federal Road Safety Corps (FRSC), Osita Chidoka has regretted that road accidents across major roads in the country takes three per cent toll on the economy, while calling for the re-training of drivers as well ...

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Ecobank supports PPMC over pipeline vandals

Ecobank Nigeria has donated two Hilux Vans worth several millions of naira to Pipelines and Product Marketing Company (PPMC), Warri, a subsidiary of the Nigerian National Petroleum Corporation (NNPC) to support its fight against pipeline vandalism in the Niger Delta ...

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UN vows to frustrate terrorism funding

Based on the concern raised by President Goodluck Jonathan that Boko Haram is financed by forces outside Nigeria, United Nations’ Deputy Secretary-General, Jan Eliasson has assured that the organisation would tighten the noose on the terrorism funding. Eliasson who briefed ...

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