FERMA awards N7.9bn road maintenance contracts

FERMA awards N7.9bn road maintenance contracts

By Chris Ochayi ABUJA — The Federal Road Maintenance Agency (FERMA) has awarded N7.9 billion contracts for the rehabilitations, maintenance and repairs of 42 road projects across the nation. Managing Director, FERMA, Kabir Abdullahi, while signing the contracts agreement with the construction firms in Abuja, warned the contractors against compromise and shoddy job while executing […]
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PPA convention illegal, says Akerele

PPA convention illegal, says Akerele

By Henry Umoru ABUJA — ONE of the factional Chairmen of the Progressive Peoples Alliance (PPA), Lisa Olu Akerele, yesterday described the proposed National Convention for Saturday as illegal and unconstitutional. In a statement made available to newsmen in Abuja yesterday, Akerele noted that it was scheduled by a “group loyal to the suspended Board […]

CSL cautions regulators, predicts market rebound in 2010

CSL cautions regulators, predicts market rebound in 2010

CSL Stockbrokers Limited, a subsidiary of First City Monument Bank (FCMB) Plc has cautioned regulators in both the money and capital market to implement positive policies that would return confidence in the market. The company however predicted that the Nigerian stock market will rebound in 2010 following the gradual calm returning to the Niger Delta region as well as the rebound in global oil prices.

BA launches all business class to New york

BA launches all business class to New york

British Airways Tuesday launched the first longhaul flight from London City Airport _ an exclusive, all_business service to New York. Two uniquely configured Airbus A318s will fly twice daily on the new route, which links the hearts of the world’s two biggest financial centres.

ICC lambasts G20 on Doha trade negotiations

ICC lambasts G20 on Doha trade negotiations

The International Chamber of Commerce (ICC) has criticised leaders of the 20 leading industrail nations also called G20 for lacklustre commitment to the conclusion of the Doha Round of trade negotiations.