Nigerians across all ages, creeds, groups and both sexes have wholeheartedly embraced the on-going national ID infrastructure upgrade being implemented by the National Identity Management Commission, NIMC.

IF Middle East and Africa mobile operator Zain Group finally agrees to sell its Celtel Africa unit to a bidding French media conglomerate, Vivendi SA this week, the Nigerian operation of the company may be heading for the 6th time name change.

Textile workers on Mon day in Lagos urged the Federal Government to intervene in the dwindling fortunes of the sector. The workers under aegis of the National Union of Textile and Garment Workers of Nigeria (NUTGWN), expressed worry about imminent job losses in textile industries across the country.Mr Issa Aremu, the union’s General Secretary, told […]

The Federal Govern ment on Monday in Abuja deferred the sale of NITEL and its mobile subsidiary, Mtel, preferring to raise an eight-man project team that would steer the affairs of the two companies.

Against the background of the capital market crash and renewed investor interest in insurance, expectations have soared in readiness for the annual release of the industry report by Nigerian Insurers Association, the dominant association of underwriters in the country.

African Reinsurance Corpo ration Chief Executive, Bakary Kamara has said Nigeria’s insurance market and indeed most parts of Africa is deep in rate cutting warning the price war is hampering the growth of the markets.

The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law.

By Babajide Komolafe Cardcentre     Nigeria Ltd,     the pioneer in card technology and production said it has exited from the Small and Medium Enterprises Equity Investment Scheme (SMEEIS).

Driven by gains on the share prices of majority of the quoted companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated, Monday, by N160.08 billion.

In an apparent bid to meet its long term developmental goals, the Ogun State government is set to raise not less than N50 billion from the nation’s capital market, even as it refutes allegations from some members of the State House of Assembly that the state has no financial statement

After over 20 years of non monitoring of the nation’s petroleum export following the inability of the Nigeria Customs Service (NCS) saddled with the responsibility to get to the loading points, the Service has acquired two brand-new helicopters which are presently being assembled for that purpose as well as to combat smuggling.

THE Korean National Oil Company, KNOC has urged a High court sitting in Abuja to restore its two oil prospecting licences revoked earlier this year by the Federal Government over the company’s alleged inability to pay in full the signature bonus put at $485 million.

By Yemie Adeoye NIGERIA’S present gas reserves may have gotten up to 600 trillion cubic feet (tcf), away from the much reported 187 (tcf) , if a report said to be issued by the United States Geological Survey is anything to go by.

AMONG countries operating in the extractive industry, Norway is a model on transparency and has been trying to assist Nigeria in this regard.

ABUJA – THE Petroleum Technology Development Fund will from this year extend its upgrade of departments in Nigeria universities to the state government-owned institutions.