Cross River State govern-ment has pledged to give full treatment without charges to people living with HIV/AIDS in the state.

The Lagos State government has said it requires N105 billion (about $700 million) to develop the Lekki Free Trade Zone (LFTZ) into a world-class business area, just as it said it had paid a total of N785 million as compensation to land owners in the area.

Tragedy struck yesterday at Orile Iganmu area of Lagos, when a three-year-old girl was crushed by a truck, throwing the entire area into mourning.

By Ikedi Ohakim In Nigeria, change is difficult if not impossible because the country’s politics is not denominated in ideological or value propositions but in Naira and Kobo. In Nigeria, the ruling party at local, state and federal government can easily prophesy that it will remain in power for decades.

The Lagos State Commissioner of Police, Mr Marvel Akpoyibo, has directed all Divisional Police Officers (DPOs) to carry out raid on criminal hideouts and black spots within their jurisdictions, with a view to curbing crime during Christmas.

By Michael Eboh Transactions on the Nigerian Stock Exchange (NSE) resumed the week on a bearish note, as the value of listed equities dropped, Monday by N49.36 billion. Particularly, equities’ value, represented by the market capitalisation and All-share index, both dropped by 0.98 per cent each. The capitalisation which opened at N5.05 trillion closed at […]

Stanbic IBTC Bank, Nigeria, a member of Standard Bank Group, has completed a US$15m Cocoa Financing for Agro Traders Limited (ATL) to fund the ATL’s procurement of  cocoa beans from the 2009/2010 Nigerian cocoa harvest, which it will export to Europe. ATL, based in Akure, South Western Nigeria, is one of the largest cocoa exporters […]

By Peter Egwuatu Former Deputy Governor of the Central Bank of Nigeria (CBN) Mr. Victor Odozi has identified early acquisition of business and other problem-solving skills early in life as the most effective solution to the prevalent unemployment and low productivity in the Nigerian economy. Delivering the keynote paper at the first Nigerian Innovative Brains […]

By Peter Duru Bothered by the influx  of substandard goods from China into the country, the Nigerian Government and its Chinese counterpart are bill to sign an agreement in January which would check the dubious importation of fake and counterfeit goods and products into Nigeria from China. This hint was dropped by the Chairman Board […]

President Umaru Yar’Adua has said  that the Petroleum Industry Bill (PIB) will restore the confidence of investors in the nation’’s oil and gas industry. The President made the remark on Monday in Abuja during the opening of the 27th annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE). He was represented […]

Ifeanyi Ugwuadu National Insurance Commission  (NAICOM) said it has increased surveillance on insurance companies to  check spread of toxic assets to the insurance market as well as protect policyholders. “There is increased oversight on the liquidity position, capital adequacy, profitability, cost profile and compliance with of Code of Corporate Governance,” says Mark Ordu, the Commission’s […]

By Ifeanyi Ugwuadu Charting a new course for a business in times of economic downturn is a daunting task. Combine this with a near collapse of infrastructure and an economy that is struggling to find a footing in both regional and global scale, then the challenges are just incredible.  But that is the task Mr […]

By Yemie Adeoye, Ebele Orakpo & Moses Nosike EMPOWERMENT of women and youths has been identified as key to alleviating the devastating effects of poverty and putting an end to youth restiveness in the oil-rich Niger-Delta region. In pursuance of its corporate social responsibility, Esso Exploration  and Production Nigeria Limited (EEPNL), a subsidiary of Exxonmobil […]

By Naomi Uzor The Lagos Chamber of  Commerce and Industry (LLCI) says the abuse of expatriate quota is compounding the problem of retail trading in the country. The President of LCCI, Chief Solomon Onafowokan, told Newsmen on Monday in Lagos that foreigners were now constituting a nuisance to informal trade. He said that many of […]

The NNPC said on  Monday in Abuja that it was not responsible for the “artificial” fuel queues in Lagos and Abuja. The corporation’s spokesman, Dr Levi Ajuonuma, said in a statement that the long queues at the petrol stations since the weekend had nothing to do with the unavailability of the product at the depots. […]