IPMAN petitions EFCC over alleged fraud at PPMC
ABUJA -THE Independent Petroleum Marketers of Nigeria have file a petition before the Economic and Financial Crimes Commission against some officials of the Pipeline and Products Marketing Company for alleged fraud and sharp practices in the distribution of petroleum products.
LCCI, AULIC Settle Rift
In this interview conducted by Naomi Uzor, the President of the Lagos Chamber of Commerce and Industry (LCCI) Solomon Onafowokan, said the 2009 Lagos International Trade Fair (LITF) will be the biggest fair in Africa.
Oceanic, Aero Roll Out Online Travel Insurance
Oceanic Insurance Group has in conjunction with Aero Airline introduced an online travel insurance scheme to address air travel challenges for its customers in Nigeria and Ghana.
‘Nigerian on the path of De-Industrialisation’
Mr. Sodhi Navdeep is UNIDO Consultant on textile and international trade. He spoke to Ifeyinwa Obi on the emerging trends in counterfeiting and smuggling in the textile industry and the negative effect it has on the nation’s economy. He also said between 1965 and 2008, more than 36 textile industries have closed down, leaving the workers jobless.
Trading Stocks on Short-term – Another Mistake Investors Should Avoid
THE Nigerian Stock Market started the third quarter on a positive note. Though the rising trend could not be sustained throughout the week, it nonetheless increased hopes of further improvement in the performance indices of the Nigerian Stock Exchange (NSE) over the achievement in the second quarter.
ATM: Skye Bank begins issuance of Verve cards
Skye Bank Plc has announced the replacement of the magnetic stripe cards used for funds withdrawal at its various Automated Teller Machines (ATMs) with the fraud-proof and reliable verve card.
NSE market value soars by N290bn
The value of listed equities on the Nigerian Stock Exchange (NSE) appreciated last week by N290.32 billion.
Specifically, the rally was brought about by gains on the share prices of listed equities, which buoyed key market indicators, the All-share index and market capitalisation by 4.93 per cent each.
Of Pillars, Heartland, Bayelsa, and our football
“Simple†things like travelling arrangements have affected the chances of most Nigerian club-sides who oftentimes arrive their destination too close to kick off. You can imagine the dilemma of a team that arrives Lagos on a Friday for a Saturday match that is billed for Sokoto!
Anambra rehabilitates 15 General Hospitals
By Vincent Ujumadu AWKA—ANAMBRA state government has rehabilitated 15 General Hospitals in the state, as part of its effort to improve healthcare delivery in the three senatorial zones of the state. Commissioner for Health, Prof Amobi Ilika who spoke at the opening ceremony of a workshop for Public Health Physicians of Nigeria, pharmacists and midwives […]
NBA kicks over refusal to admit Okedara to bail
By Innocent Anaba THE Nigerian Bar Association (NBA), weekend, condemned the refusal of an Abuja Chief Magistrate to grant bail to a lawyer, Yinka Okedara, counsel to Alhaji Rauf Aregbesola, Action Congress (AC) Osun State governorship candidate in the 2007 general elections, for allegedly forging a document. NBA National Publicity Secretary, Mr Muritala Rasheed, in […]
My decamping was constitutional — Sen. Gogwin
By Taye Obateru JOS—Senator representing Plateau Central District, Major Sati Gogwim (Rtd.) who recently decamped from the Action Congress (AC) to the Peoples Democratic Party (PDP) has defended his action saying he acted in accordance with the country’s constitution. He told journalists, weekend, that the AC in Plateau State had broken into three factions at […]
NSE parleys quoted companies’ CEO on market recovery
As part of efforts aimed at assisting the Nigerian capital market to attain full recovery to sustain its pivotal role in the nation’s economic development, The Nigerian Stock Exchange (NSE) has concluded arrangements to host the Chief Executive Officers (CEOs) of all its quoted companies.
Ecobank records 71% drop in PAT
Ecobank Nigeria Plc announced a not too impressive financial performance for its 2008 financial year, released last week. It recorded a significant decline in its bottom line, as its Profit After tax (PAT) dipped by 71.43 per cent.
GBF gets N5m grant from Citi Foundation for SME’s development
Citi Foundation has awarded Growing Businesses Foundation (GBF) a grant of $35,000 (N5.11 million) for the implementation of the 2009 Citi Micro Entrepreneurship Awards (CMA) scheduled to hold at the end of the year.
MEND bombs another Shell facility, disowns EK Clark
Chief Clark said if some few persons in MEND were opposed to amnesty for selfish reasons against the overall interest of the region, they should not allow their personal interests to becloud the larger interests of the region, saying, “as far as I am concerned, various militant leaders across the Niger-Delta have spoken about their attitude to the amnesty, I do not know where MEND people, who their leaders are and who is behind them.
FG, UNIDO budget N10 billion for SON’s Metrology laboratory
The Federal Government and the United Nations Industrial Development Organisation (UNIDO), have earmarked the sum of N10 billion to construct and equip a world class metrology facility for Standards Organisation of Nigeria (SON).
