ICT ‘ll eliminate inefficiency – Oshiomhole

ICT ‘ll eliminate inefficiency – Oshiomhole

Edo State Governor, Comrade Adams Oshiomhole says the Information and Communica-tion Technology Unit of the government will no doubt help to eliminate abuses and inefficiency in the system.
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Fair: Chinese exhibitor calls for more infrastructure

Fair: Chinese exhibitor calls for more infrastructure

A Chinese exhibitor at the ongoing 2009 Lagos International Trade Fair, Mr Weir Wu, has advised the Lagos Chamber of Commerce and Industry (LCCI) to provide adequate infrastructure in subsequent fairs.

pension: Prof. Faborode, OAU’s VC refutes workers’ allegation of double deduction

pension: Prof. Faborode, OAU’s VC refutes workers’ allegation of double deduction

The truth is that there is no such money anywhere in this university. I will be very happy by the time the whole issue becomes very clear. Everyone can sit back and think of the enormous damage being caused to the students. I’m sure their own children are also involved. It is very unfortunate that people will tend to stand the truth on the head in the guise of looking for something. As I said, the Accountant-General’s office has come.

Release power sector to Private investors, Stakeholder

Release power sector to Private investors, Stakeholder

An NGO, the International Centre for Energy Environment and Development (ICEED), has called on the Federal Government to release the power sector to private investors. Making the call in an interview with the News Agency of Nigeria (NAN) in Abuja , the Coordinator, Mr Ewah Eleri, said that the private sector had the capacity to sustain electricity supply in the country.

FG to invest N23.8b in rice processing centers

FG to invest N23.8b in rice processing centers

The Federal Government is to establish 17 rice processing centres at the cost of N23.8 billion, the Minister of Agriculture and Water Resources, Dr Sayyadi Ruma, has said. Ruma disclosed this at the groundbreaking ceremony for the establishment of a large-scale rice processing plant in Patigi, Kwara, on Monday.

Oando shares still on bid amidst technical suspension

Oando shares still on bid amidst technical suspension

OANDO Plc shares are still on demand (bid) in the stock market even as the Nigerian Stock Exchange (NSE) placed a technical suspension on the company following its application to float a combination of rights issue and bond.

Shareholders laud SEC on investors’ protection

Shareholders laud SEC on investors’ protection

SHAREHOLDERS of publicly quoted companies in Nigeria have commended the Securities and Exchange Commission (SEC) over its various initiatives in protecting shareholders’ interest in public companies even as the commission enlightens them on their rights and responsibilities.

FG to establish 200 cassava mills

FG to establish 200 cassava mills

The Minister of Commerce and Industry, Chief Achike Udenwa, said in Abuja that the Federal Government had concluded plans to establish 200 cassava processing mills in 22 states. He spoke at a one-day national stakeholders meeting organised by the Nigerian Institute of Food Science and Technology (NIFST) on government’s cassava policy and its implementation.

Red card for nudists in Lagos

Red card for nudists in Lagos

The action was long awaited. So, when 33 strip dancers were arrested at the weekend in Lagos, the move was applauded in many quarters.

Union Bank  recovers N31bn, liquidity hits 42%, Oshibodu

Union Bank recovers N31bn, liquidity hits 42%, Oshibodu

Union Bank appears to be on its way out of the woods, according to indications. This is because the bank has recovered N31 billion of the N70 billion that eroded the bank’s shareholders funds that led to the CBN removal of the former management of the bank. Giving an update on the loan recovery efforts of the bank to newsmen in Lagos, the bank MD, Mrs.

COTECNA invests in King’s College upgrade

COTECNA invests in King’s College upgrade

To further demonstrate its commitment to education in Nigeria, Cotecna Destination Inspection Limited (CDIL), a foremost trade security and facilitation company, has donated amenities and materials worth N6.5million to King’s College, Lagos Island.