Nigeriaâ€™s acting president on Thursday signed into law an oil industry bill that gives Nigeria firms priority in the award of oil blocks and requires foreign companies to hire more local workers.Read More
A delegation of Ghanaian Insurers Association (GIA), umbrella body of that countryâ€™s insurance companies, was in the country to tap from the expertise of Nigerian oil and gas insurance.Read More
The dream of the Nigerian insurance industry to hit N1trilion income by 2012 may just be far-fetched if frantic efforts are not stirred by insurance companies to re_activate the Vehicle Insurance Sticker (VISER) which the Nigerian Insurers Association (NIA) has bungled.Read More
In a bid to stem the tide of importation of fake and substandard goods into the country, Standards Organisation of Nigeria (SON), the agency vested with the responsibility of preparing standards for products and processes to ensure quality conformity destroyed over 100 containers of fake and substandard goods estimated at over N2.5billion in their operations in 2009.Read More
Volcanic eruption in Iceland recently forced many European nations to close their airspace, leading to several days of travel chaos that left millions of passengers stranded at airports across the world. In Nigeria, thousands of passengers heading to various cities in Europe were equally left stranded while the airlines recorded huge losses running into billions of naira.Read More
The Nigerian Oil & Gas Industry Content Bill (2010) has just been signed into law by the Acting president, Dr. Goodluck Jonathan. The Bill directs that henceforth, priority should be given to indigenous service companies.Read More
THE National Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to adopt a pragmatic approach at improving electricity generation capacity in the country to fast track industrial growth and development.Read More
Engineer I.A. Mohammed is the Managing Director, Globaltouch West Africa Limited, a former Executive Director of Nitel. He was with NCC in 1999 and left in 2001. Since then, he was involved in starting his own company and taking it to greater heights.Read More
There is a saying that before things can move forward in any organisation or state, true, honest leaders must be at the forefront to direct affairs to the right direction. The situation in Nigeria explains this scenario better. Questions being raised among Nigerians is if true and honest leaders are still found in the terrain of leadership in Nigeria.Read More
The Minister of State for Finance, Mr. Remi Babalola, made this known at the opening session of the 11th Edition of the National Council on Finance and Economic Development (NACOFED) Conference in Uyo, Akwa-Ibom State.
He listed the fundamentals as increased lending by the banks, restoration of confidence in the financial system, and creation of more jobs.
The current tight credit squeeze in the Nigerian banking sector occasioned by the Central Bank of Nigeria (CBN)â€™s reforms will soon become a thing of the past as pressures by customers will force banks to resume lending.Read More
Dr Kenneth Nwosu, Executive Director, National Root Crops Research Institute (NRCRI), Umudike, has called for the strengthening of statesâ€™ Agricultural Development Programmes (ADPs) for sustainable agricultural development.Read More
Nigeria will soon learn and domesticate Egyptâ€™s method in rice production and processing, an official has said.
Mr Sheu Dikko, the Managing Director of Deansheranger Project Ltd., the company that took over Badeggi Rice Mill in Niger State, told the News Agency of Nigeria (NAN) in Abuja on Thursday that Egyptian rice experts have had a discussion with Nigerian officials in that regard.
Managing Director/Chief Executive, Standard Chartered Bank Nigeria, Mr. Christopher Knight, has called for policy to provide support for risky businesses as part of measures to unlock the flow of banksâ€™ credit to those areas.Read More
The former Director-General of the Nigerian Stock Exchange (NSE), Apostle Hayford Alile, is set to launch a foundation that will help project his ideas of reinventing Nigeria and promote economic development.Read More