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NPDC targets 250m bpd by 2015

NPDC targets 250m bpd by 2015

• As  NNPC urges Nigerians to embrace gas as cooking fuel By Anayo korie  / Ag Energy Editor The management of the Nigerian National Petroleum Corporation (NNPC) says it hopes to…

4Power consortium seeks anti-theft legislation

4Power consortium seeks anti-theft legislation

By Dave Agba  / Senior Correspondent, Abuja  Managing Director of 4Power Consortium Limited, core investor of the Port Harcourt Electricity Distribution Company (PHEDC), Matthew Edevbie, wants the National Assembly to enact…

FirstBank pledges support for Nigeria’s WEF hosting

FirstBank pledges support for Nigeria’s WEF hosting

The management of First Bank of Nigeria Limited, on Wednesday in Lagos, pledged support for the World Economic Forum on Africa (WEFA) holding for the first time in Nigeria from…

Union Bank grows 2013 net profit by 223.15%

By Bamidele Ogunwusi  / Correspondent, Lagos The management of Union Bank of Nigeria Plc, on Wednesday presented its audited financial results for the year ended December 31, 2013, to the Nigerian…

Customers applaud Sterling Bank’s loyalty reward

Impressed by the ‘One Customer’ experience at the exclusive private pre-release screening of the award winning film, ‘Half of a yellow Sun’, customers have commended Sterling Bank Plc for providing…

Mr. Bigg’s hosts partners in Lagos

In a bid to strengthen its hold on the sub-region, quick service restaurant segment, UAC Restaurants, owners of Mr Bigg’s, will tomorrow host its franchise business partners across West Africa…

FG, publishing firms, MAN explore options on book tariff policy

The Coordinating Minister for the Economy and Finance Minister, Dr. Ngozi Okonjo-Iweala, on Wednesday said the Federal Government is engaged in tripartite discussions to resolve issues around the Book Tariff…

Group condemns planned scrapping of Fiscal Commission

By Dave Agba  / Senior Correspondent, Abuja  The Centre for Social Justice (CSJ) has condemned the Federal Government’s proposed scrapping of the Fiscal Responsibility Commission (FRC) as recommended by the Oransaye…

Okonkwo, new Fidelity Bank CEO, to engage investors more

Okonkwo, new Fidelity Bank CEO, to engage investors more

As a sign of the new things to come at Fidelity Bank, Nnamdi Okonkwo, its new chief executive, last week (April 15), engaged analysts in a conference call, where he…

Jonathan’s burden and making sense of Nigeria’s rebased economy

Jonathan’s burden and making sense of Nigeria’s rebased economy

By Lawson Omokhodion The base year for computing Nigeria’s GDP has now been officially shifted from 1990 to 2010. By 2016 government says the base year would shift to 2015…

Doubts over state of fire cover at Kaduna Airport

Doubts over state of fire cover at Kaduna Airport

By Abel Orukpe  / Correspondent, Lagos   More facts have emerged over weekend’s fire incidence that completely gutted the Kaduna Airport control tower, with analysts blaming it on the absence of…

NIMC gets ISO certification tomorrow

NIMC gets ISO certification tomorrow

By Dave Agba / Abuja The Director-General of the National Identity Management Commission (NIMC), Mr. Chris Onyemenam says efforts made so far by the government to create information security management system in…

FG favours 28 local firms in $40b oil contract deals

FG favours 28 local firms in $40b oil contract deals

THE FEDERAL Government may have awarded most of its long-term oil contracts worth an estimated $40 billion, covering around 340 million barrels of oil a year to local companies, according…

PenCom inspects pension operators 56 times in six years

By Sola Alabadan  / Senior Correspondent In the exercise of its statutory responsibilities, the National Pension Commission (PenCom) conducted 56 maiden, routine and target examinations on licensed pension operators between December…

Insurers face $7b claims first quarter

For the first quarter of 2014, preliminary estimates indicate that around $20 billion in economic damages and $7 billion in insured losses occurred from around 70 natural disasters worldwide. Impact…

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