The Nigerian Extractive Industries Transparency Initiative (NEITI), has called for a major technological revamp of the nation’s oil and gas industry in order to improve transparency in extraction of crude as well as in the receipts and payments among operators in the industry.

A Nigerian company, Quintas Renewable Energy Solution, has been named by the Climatology Division of the World Bank as one of the ten inventors selected across the world for contributing towards reduction in carbon emission through their products in 2010.

The House of Representatives and the Federal Government, yesterday, disagreed over the $65 per barrel benchmark provided for in the 2011 Appropriation Bill.

The Ministry of Mines and Steel Development, says it has secured an 80 million-dollar grant for artisanal and small scale miners. The Minister, Mr Muhammad Sada, who received a World Bank team; the sponsors of the scheme on Tuesday in Abuja, said the grant was an additional finance to ease some projects in the sector.

Absence of good governance has been described as the bane of agricultural development in Nigeria. Professor Eric Eboh who made this assertion added that unless government takes pragmatic steps towards addressing it, food insecurity and other associated vices may continue to bedevil the country.

The global financial crisis of 2008 marked the end of the “historically perverse” financial flows from emerging markets to developed markets. As an increasingly important part of the emerging market universe Africa’s markets are set to outperform those in G4. It is a trend that will continue throughout 2011, says Standard Bank.

Shareholders of Sterling Bank Plc, approved the decision of the Board that the financial institution should operate as a national bank based on the new guidelines by the Central Bank of Nigeria (CBN), which categorises banks into three segments.

Damaturu,- Grains merchants in Yobe have said that the poor condition of Damaturu-Biu Road, the grains supplies route, might trigger hike in the prices of maize and rice. Malam Musa Yahaya, a grains merchant at the Damaturu Sunday market, told the newsmen (NAN) on Wednesday in Damaturuthat motorists had been avoiding the Damaturu-Biu Road because […]

The Central Bank of Nigeria (CBN) has approved derivative products for the foreign exchange market to enable operators and end-users hedge against losses arising from exchange rate fluctuations.

Wale Onoalopo, Managing Director of Sovereign Trust Insurance Plc has disclosed that Insurance companies in the country are settling genuine claims in line with international best practices.