Radar can’t control all flying aircraft — Investigation
Indications have emerged that Nigeria cannot control every airplane flying its airspace throughout the flight, two years after completing a total radar coverage project. The Nigerian Airspace...
View ArticleCITN decries appointment of non-members as tax heads
The Chartered Institute of Taxation has condemned the appointment of non-tax professionals by state governors as heads of internal revenue generation boards. The President, CITN, Mr. John Jegede, said...
View ArticleMarket uncertainties delay Trans-Saharan gas pipeline project
The Trans-Saharan gas pipeline project is likely to be further delayed following prevailing uncertainties in the gas market. The project, which is a sub-regional initiative, is still on the drawing...
View ArticleChina 360buy’s fundraising drive highlights IPO urgency
SHANGHAI: Chinese online shopping firm, 360buy, loses money, needs huge cash injections to feed its supply chain, and its profitable rival Alibaba Group has more than double its market share. That...
View ArticleBankers’ Committee, NCC to strengthen cash-less policy
The Governor, Central Bank of Nigeria, Mr. Sanusi Lamido, has said that the Bankers’ Committee is currently working with the Nigerian Communications Commission and other service providers to ensure...
View ArticleSenate laments abuse of N783bn natural resources fund
The Senate has criticised the Federal Government for misusing funds totalling N783bn accruing to the Natural Resources Fund, a special account that warehouses 1.68 per cent of balance in the Federation...
View ArticleKabel bid: Vodafone hires Goldman Sachs
FRANKFURT: Vodafone has hired its long-time bank Goldman Sachs to advise on a possible multi-billion-euro bid for German cable operator Kabel Deutschland, a person with direct knowledge of the matter...
View ArticleCBN issues lending guidelines between banks, subsidiaries
The Central Bank of Nigeria has issued new directives on lending guidelines involving Deposit Money Banks, Financial Holding Companies and other subsidiaries within the group. The CBN said in a...
View ArticleSouth African Airways suspends acting CEO
The Board of Directors of South African Airways has announced the suspension of its acting Chief Executive Officer, Mr. Vuyisile Kona. The airline, in a statement from its office in Nigeria, said the...
View ArticleNew aircraft won’t solve aviation problems — Nkanga
Chairman, Akwa Ibom Airport Project Implementation Committee, Air Commodore, Idongesit Nkanga (retd.), says the call for acquisition of new airplanes is not the solution to the nation’s aviation...
View ArticleNigerian ports to handle Niger Republic’s cargoes
Nigerian ports will soon be open to the neighbouring Niger Republic to handle its imported and exported cargoes, the Executive Secretary, Nigerian Shippers’ Council, Mr. Hassan Bello, has said. This is...
View ArticleOffice Depot, OfficeMax in talks to merge
NEW YORK: Office Depot Inc, the number two United States office supply retailer, is in advanced talks to merge with smaller rival OfficeMax Inc and a deal could come as early as this week, a person...
View ArticleVirgin Atlantic appoints new manager for W’Africa
United Kingdom-based airline, Virgin Atlantic, has announced the appointment of Ms. Rachel Coffey as its new General Manager for West Africa. Coffey took up the appointment on February 14, 2013,...
View ArticleM&A deals lift shares
United States stocks rose on Tuesday as merger activity suggested the market could offer investors more value even as the S&P 500 and Dow industrials hover near five-year highs. Reuters reported on...
View ArticleWe’ll recover debt from Capital Oil –Access Bank
Access Bank Plc has said it will continue to furnish relevant regulatory authorities with updates on the status of its recovery actions. It was also determined will fulfil its obligation to its...
View ArticleAMCON extends repayment period for N1.5tn debt
The Asset Management Corporation of Nigeria has restructured a total of N1.5tn loans as part of efforts to recover debts owed it by corporate organisations, our correspondent has gathered. The amount...
View ArticleNIM canvasses re-orientation for attitudinal change
In a bid to develop effective and efficient citizenry in the country, the Nigerian Institute of Management has commenced a national re-orientation exercise. The President/Chairman of Council, NIM, Dr....
View Article24-hour scheme: CAC registers 10,723 companies
The total number of new companies registered since the commencement of the 24-hour start-to finish business registration process by the Corporate Affairs Commission currently stands at 10,723. This is...
View ArticleGas flaring: FG targets 2% reduction by 2014
The country will by 2014 reduce gas flaring during oil production to two per cent, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said. Speaking at the Nigeria Oil and Gas...
View ArticleUniCem engages firm to monitor employees’ safety
The United Cement Company of Nigeria Limited has said it has engaged a Swiss-based service provider, EMEX, to provide automated platform that will facilitate safety for its employees and other...
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