Lagos gets 360MW boost as FG upgrades four substations
Naira down to N1,405/$ in parallel market
ValuCard gets CBN license on PTSP
SEC alleges insider trading in Global Industries
ACCA launches 10 new forums
Analyst raises concerns on nationalized banks’ unclaimed dividends
PenCom plans flexible investment regulation
Union Bank’s shareholders to get 3 for 16 shares
Why insurance industry should brace up to challenges of climate change
Textile firm seeks approval to diversify into cement sector
NICON assures brokers of prompt payment of commissions
Grand Petroleum seeks FG’s support in curbing product adulteration
Airtel, StanChart, MasterCard unveil virtual card on mobile phone
DPR to sanction fraudulent oil marketers
Recapitalisation: CIBN tasks regulators on due process
Group wants NDIC to account for N5bn oil funds in failed banks
Value addition key to cassava revolution in Nigeria
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SubscribePrivate aviation school gets nod from NCAA
The first private aviation college in the country, Ilorin International Aviation College, has formerly got its commercial pilot training certificate from the Nigerian Civil Aviation Authority (NCAA).
Why governments cannot create promised jobs
One of the calls I received to my letter to the Finance Minister came from London, he like, Frank, from Delta State prayed that Dr Okonjo-Iweala will listen to me. Personally, I don’t expect that to happen. It is simply un-Nigerian for a top government official to “listen to” an ordinary pen pusher on a subject they consider themselves experts.
Electricity tariff hits the roof top
The decision by Nigerian Electricity Regulatory Commission (NERC) to approve an increase in electricity tariff by over 50 per cent from January 2012 is no longer news. The increment, according to NERC, was in line with the on-going reforms in the power sector. The commission said that consumers with single phase meters would pay between N10.85 and N14.60 per kwh as against the current rate of N7.30 per kwh, while customers currently paying N11 per kwh would pay between N16.50 and N22 .
‘Delta is creating wealth through óil and gas’
For some time now, Delta State government only had special assistants on oil and gas but recently a new ministry was created for oil and gas. The man in charge, Mr. Omamofe Pirah, has engaged himself to create wealth, build capacity and make the ministry relevant to the oil bearing communities and the state mainly through job creation.
‘Duplication of airports in Nigeria has grave implications for safety’
Recently, Delta state government commissioned the newly constructed Asaba airport, increasing the number of airports in the country. While some commended the initiative as a landmark project, others saw it as a duplication of the existing ones. In this interview, former President of Nigerian Aviation Safety Initiative, NASI, Captain Tito Omaghomi, says the airport has grave implication for safety. He also commented on security and infrastructure c at the nation’s airports. He, in this interview, also speaks on the recent attainment of category 1 certificate by FAAN, infrastructure at the nation’s airports and autonomy of NCAA. Excerpts:
Biofuels to generate 30mw of electricity
Global Biofuels Limited, the first Biofuel Refinery in Nigeria, in collaboration with its financial advisors has concluded arrangements for the implementation of a Clean Development Mechanism (CDM) project titled, Grow Your Energy (GYE). Upon completion, the project would generate 30mega watts (WM) of electric power from biomass co-generation ancillary.
Firm ready to showcase its product at trade fair
Food Exhibition and Festivals Nigeria Limited is set to give a facelift to the food and drinks sector at this year’s 25th International Trade Fair in Lagos.
MSCC reassures quick service delivery, opens branch in Nigeria
One of Egypt’s top leading smart card payment processing company, Mediterranean Smart Cards Company (MSCC), has experienced another level of expansion in business as it opens a branch office in Nigeria that will serve the company’s clients in Nigeria.
High level mediocrity, responsible for economic crisis – Ajagu
Dr Ausbeth Ajagu, MFR, a renowned political economist and industrialist, chairman, corporate affairs and strategic planning committee of Manufacturers Association of Nigeria as well as the President of the Academy for Entrepreneurial Studies, Nigeria and several others.
Global Volunteers’ Day: DHL donates baby care kits to hospitals
Global market leader in the logistics industry cum seasonal expertise in international express, parading a global network composed of more than 220 countries that targets to offer quality service delivery to its valued customers home and abroad, as part of its social corporate responsibility provides baby care kits to women with newborns and those expecting to give birth soon.
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