Banks to keep 50% of govt deposits with CBN •Monetary policy rate retained at...
The Central Bank of Nigeria on Tuesday expressed concern over the excess liquidity in the balance sheets of Deposit Money Banks, saying that henceforth, it would apply 50 per cent Cash Reserves...
View ArticleBudget amendment scales second reading at Senate
The controversy surrounding the amendment of the 2013 budget might have been laid to rest as the Senate read the bill for that purpose for the second time on Tuesday, acceding to the proposals of the...
View ArticleElectricity distribution companies made N189bn revenue •Afam, Kaduna...
As of May this year, electricity distribution companies in the country realised N189bn as revenue despite poor supply to consumers. This was against the N151bn collected as total revenue by the...
View ArticleHousing: FG sets up mortgage refinancing company
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has announced the establishment of a mortgage refinancing company that will make it possible for many Nigerians to own their own houses at affordable...
View ArticleFG approves 40 firms for Q3 petrol importation
The Federal Government has given approval to 40 companies to import 3.4 million tonnes of petrol in the third quarter of the year, according to a report by Reuters. However, it reported that the list...
View ArticleICT certifications’ll make youths competitive – Cisco
In order to be competitive globally, Nigerian youths have been urged to get requisite certifications in Information and Communications Technology to enhance their relevance in the business environments...
View Article‘Oil theft impact may last over 20 years’
The country may not recover from the negative impact of crude oil theft and pipeline vandalism in the next 20 years or more, the Federal Government has said. It also said that the Trans Niger gas...
View ArticleANA removing locator beacons from domestic Boeing 787s
TOKYO: Japan’s ANA Holdings Inc (9202.T), which operates the world’s biggest fleet of Boeing Co 787 Dreamliners, said it is removing built-in locator beacons from eight of the jets plying domestic...
View ArticleJonathan should get economy working – David-West
A former Minister of Petroleum, Prof. Tam David-West, on Wednesday in Ibadan, urged President Goodluck Jonathan to show greater commitment to governance rather than engaging in unproductive activities....
View ArticleKingfisher sees sales recover as weather improves
LONDON: Kingfisher, the owner of DIY chains B&Q and Screwfix, has reported a recovery in sales helped by better weather, the British Broadcasting Corporation reported on Wednesday. Like-for-like...
View ArticleCooking gas sells for N4,000 amid distribution hitches
Consumers of Liquefied Petroleum Gas (cooking gas) will have to wait till next week before the prices of the product will normalise. While product supply was restored last week following the discharge...
View ArticlePIB: Group seeks removal of President’s discretionary powers
The Environmental Rights Action/Friends of the Earth Nigeria has faulted the powers of the President to grant licences and leases in special circumstances to investors or stakeholders in the oil and...
View ArticleQuintas plans biomass power plant, targets rural dwellers
An indigenous renewable energy company, Quintas Renewable Energy Solutions Limited, based in Akure, Ondo State, is completing a biomass power plant in the state. The Founder/ Chief Executive Officer of...
View ArticlePHCN solicits police, SSS support against vandalism
The Power Holding Company of Nigeria, Eko Electricity Distribution Company, has called on the police as well as State Security Service to help to sustain the fight against vandalism of power...
View ArticleApple’s profit beats estimates
Shares of computer and smartphone maker Apple rose nearly five per cent in after-hours trading after it reported better-than-expected profits for the third quarter. The British Broadcasting Corporation...
View ArticleChevron sponsors Nigerians for deepwater technology training
Not less than five young Nigerian graduates have been sponsored by Chevron Nigeria Limited, the operator of the NNPC/Chevron Joint Venture to a training course on remotely operated vehicle. A remotely...
View ArticleHackers use Android ‘master key’ exploit in China
BEIJING: A security firm says it has identified the first known malicious use of Android’s “master key” vulnerability. The British Broadcasting Corporation reported on Wednesday that the bug – which...
View ArticlePrivatised firms: FG to sell stake through IPOs
The Federal Government will eventually sell its shares in privatised firms through Initial Public Offering, the Bureau of Public Enterprises has said. The Director-General, BPE, Mr. Benjamin Dikki,...
View ArticleBelarus Internet infested with spammers
TOKYO: Almost 30per cent of all net addresses in Belarus are blocked by anti-spam firms because of the amount of junk mail passing through them, says a report. The British Broadcasting Corporation...
View ArticleForte Oil introduces new lubricant
An indigenous major marketer of refined petroleum products, Forte Oil Plc, has introduced SYNTH 10,000 into its range of lubricants. It is fully synthetic engine oil, designed for high-performance...
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