Planned documentary on Amaechi rattles APC

There was panic in the All Progressives Congress (APC) camp in Rivers State on Thursday over a planned release of a damning documentary on the state Governor, Rotimi Amaechi. More »

IMF endorses CBN’s unification of foreign exchange markets

The International Monetary Fund (IMF) has embraced the recent decision of the Central Bank of Nigeria (CBN) to stop the bi-weekly sale of foreign exchange through the Retail Dutch Auction System (RDAS) More »

Refineries will produce 400,000bpd in 2016 – NNPC

The Nigerian National Petroleum Corporation said on Thursday that the country would be producing about 400,000 of refined petroleum products every day when it completes the current rehabilitation of the three refineries More »

Senate queries N1.275b security vote for Defence Ministry

The Senate Committee on Defence and Army, yesterday, demanded how the over N1.275 billion budgeted to the Ministry of Defence in the 2014 fiscal year was spent. More »

74 men, 20 children killed for refusing to join Boko Haram

The Islamic sect, Boko Haram, yesterday, slaughtered 74 men and 20 children at Njaba Village in Damboa Local Government Area of Borno State for refusing to join the insurgents. More »

 
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CBN to issue $5 bln in Treasury bills in Q2

Nigeria plans to issue new Treasury bills worth 995.5 billion naira ($5 billion) as from March 19, the central bank said on its debt issuance calendar on Friday.

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Nigeria’s banking share index up 7.7 pct on bank earnings

Nigeria’s Top-10 banking index surged 7.7 percent in early trade on Friday after the two top lenders reported higher profits.

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Okonjo-Iweala visits Chibok, lays foundation for safe school

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has laid the foundation for the rebuilding of the Government Secondary School Chibok, which was destroyed by the Boko Haram sect.

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Buhari returns from U.K.

The presidential candidate of the All Progressive Congress, General Muhamadu Buhari returned from his two weeks travel to the United Kingdom on Friday amidst tight security presence and a large crowd of party supporters at the Nnamdi Azikiwe Airport in Abuja.

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Mark warns politicians against provocative utterances

Senate President, David Mark, on Friday asked his fellow politicians to refrain from unguided and provocative utterances that are capable of instigating violence or creating disaffection.

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We “ll occupy Aso Villa, major towns if elections are shifted again – APC Youth

National Youths Wing of the All Progressives Congress (APC) has threatened to mobilize Nigerian youths and indeed all APC’s supporters to occupy the Aso Presidential Villa and major cities in Nigeria should the general elections be postponed for the second time.

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PDP begins grassroots campaign for Jonathan’s re-election

Barely 22 days to the conduct of the Presidential and National Assembly elections in the country, the PDP in Benue has taken its presidential rallies to the villages.

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Self-driving cars could reduce car crashes by 90 percent

Widespread adoption of autonomous vehicles could lead to a 90 percent decrease in car collisions in the United States, according to a report released Thursday by consulting firm McKinsey & Company, APA reports quoting Anadolu Agency.

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Ericsson, Intel agrees to help telecoms firms get in cloud

Ericsson and Intel have agreed to help network operator customers build their own data centres for the cloud, giving them move competitiveness against cloud-based giants like Google, Facebook or Amazon. The information was unveiled during the Mobile World Congress in Barcelona.

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NACCIMA partners Cote D’Ivoire to drive non-oil export

Efforts at improving Nigeria’s non-oil potential and intra-regional trade may have received a boost with new moves by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Cote D’Ivoire to improve trade in agricultural products.

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No surprise in security circles over ex-CJN’s son joining ISIS

Security and intelligence circles in Abuja are not surprised about the news that one of the sons of a former Chief Justice of Nigeria (CJN) (names withheld) has allegedly joined the Islamic terrorist group of the Islamic State of Iraq and Syria (ISIS).

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‘Nigeria’s power industry held back by lack of credit, gas’

Nigeria’s electricity industry is being hindered by producers’ inability to raise finance and natural-gas shortages, curbing companies’ ability to boost INVESTMENT in output as the country suffers from daily blackouts, the country’s energy regulator has said.

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Things are good in Nigeria, Ecobank Chief tells investors

Ecobank’s Group Chief Executive Officer, Albert Essien, has said that the current economic and CURRENCY headwinds in Nigeria had not affected his company immensely.

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NAHCo secures licence to operate in Senegal, Cote d’Ivoire

The Managing Director, Nigerian Aviation Handling Company (NAHCo) Aviance, Mr Norbert Bielderman has disclosed that NAHCo has been granted licences to operate ground handling services in the West Coast.

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Access Bank extends N52.6bn rights issue by two week

Access Bank Plc has extended its Rights Issue by two weeks toMarch 18, following an approval the bank received from the Securities and Exchange Commission (SEC).