The Nigerian College of Aviation Technology, Zaria is set to acquire $10m simulators for the training of flying students in the country, as the current management also promised to complete the school’s abandoned hangar.

DUTSE Jigawa state government has disbursed the sum of over N79million to 12 Fadama Community Associations as part of its counterpart funding of the Fadama 111 project.

Delta State Board of Internal Revenue Wednesday, sealed up the premises of a Warri-based oil servicing company, RTD Services Nigeria Limited for tax evasion.

Real Estate Developers Association of Nigeria (REDAN) are negotiating a deal worth $1 billion (about N155 billion) with Shelter Afrique, a pan-African housing development finance organisation, to build 155,000 low and medium housing units across the country.

It would have been a big surprise if the introduction of Islamic banking had not generated the kind of response witnessed in the last one month. This is because in Nigeria, religion evokes strong passion and reactions.

Unilever Nigeria Plc raised its Corporate Social Responsibility (CSR) profile when it unleashed its pet project on Olusosun Primary School in its area of operation when it constructed playground, football field and renovated the school building.

The depreciation of the naira in the interbank market was halted on Friday by inflow of $500 million foreign exchange sale by the Nigeria National Petroleum Corporation (NNPC).

A significant decline was recorded in trading in the Over-the-Counter, OTC, market for Federal Government of Nigeria, FGN, Bonds, last week, as investors exchanged 189.87 million units valued at N179.178 billion in 1,358 deals.

For the third consecutive year, Guaranty Trust Bank has been named “Best Bank in Nigeria” by international finance magazine, Euromoney. The award was presented at the 2011 Euromoney Awards for Excellence Dinner held in London last week.

Mobile Division of Samsung Electronics West Africa, SEWA, a subsidiary of Samsung Electronics Company, has announced winners in the raffle draw to wrap up the three-month long sales promotion.

Britain’s Civil Aviation Authority on Wednesday said it would formally investigate whether the increase in domestic passenger charges at Heathrow airport had unfairly impacted some airlines, especially short-haul carriers, following a complaint by UK airline bmi.

A pioneering project to enhance the quality and marketability of locally produced rice through improved harvest and postharvest technologies in eight pilot countries of West and East Africa has just been launched by the Africa Rice Center (AfricaRice).

THE crisis in the Delta Steel Company, DSC, Plc, Aladja, Delta State, took a disturbing dimension Thursday morning, as a group of irate Indian workers, protesting alleged non-payment of salaries for upwards of one year, stormed the Steel Melting Shop, SMS, which is the heart of the company, to halt production.

Attempt by the Federal Government to reposition the country’s bureaucracy has been described as total failure and responsible for the downright destruction of the Nigerian Civil Service (NCS).

Christine Lagarde, taking over as new Managing Director of the IMF, outlined a five-point agenda for re-energizing the Fund to ensure the 187-member country institution remained pivotal to the global economy.