The directive of the Federal Government banning the importation of telephone recharge cards and vouchers into the country might have started paying off as some of the foreign firms involved in the business have started divesting from the country while the indigenous card manufacturers are thriving.
Updated 6 Years ago

Despite the pledge by the federal government to protect local rice farmers by discouraging importation of rice, the smuggling of imported rice is yet a booming business across the nation’s borders. This has prompted the local rice farmers to now cry out for help from government.
Updated 6 Years ago

Support for Nigeria’s proposed reforms in her oil and gas industry through the enactment of the much-awaited Petroleum Industry Bill (PIB) will be advanced on a global platform by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
Updated 6 Years ago

The Union Bank of Nigeria Plc said it recorded a profit after tax of N7.9 billion in its 2012 audited accounts and reports, as against a loss of N76.7 billion in 2011.
Updated 6 Years ago

Shareholders of Diamond Bank Plc Tuesday voted overwhelmingly in support of the plan by the bank to raise $750 million additional capital to enhance its operations and finance its business development initiatives. The shareholders gave their support at the bank’s 22nd Annual General Meeting (AGM) held in Lagos.ayY
Updated 6 Years ago

A probe ordered by the Senate into the management of special fund accounts by the federal government has uncovered a gross mismanagement of N1.04 trillion out of the N1.5 trillion released to the accounts between 2002 and June 2012.
Updated 6 Years ago

There was outrage on various social media platforms on Tuesday over the 45-year jail term handed down to 31-year-old Kelvin Ighodalo for stealing a phone worth N50,000, belonging to Governor Rauf Arebesola of Osun State.
Updated 6 Years ago

For the northern part of Nigeria, this is not the best of times. The loss of lives and property to Boko Haram insurgency was the major focus of the recent meeting of the Northern Governors’ Forum, in Abuja.
Updated 6 Years ago

The Nigerian Governors Forum (NGF), tailored after the governors’ forum in the U.S., has steadily grown over the years to become one of the most powerful institutions in the country, even though – as Bayelsa State Governor, Seriake Dickson, has claimed – it was never intended as a pressure group but a peer group review mechanism. It probably reached its peak of influence during the virtual interregnum of 2010 when the ill-health of late president, Umaru Musa Yar’Adua, left a vacuum in Aso Rock, despite the presence of a Vice President. The forum was considered to have played an ignoble role then, having worked to prevent the recognition of then Vice President, Goodluck Jonathan, as Acting President. If that incident taught President Jonathan anything, it was probably that he must be wary of the forum. Indeed, a series of events since his assumption of power as Nigeria’s president may have reminded him time and time again of this reality. And after months of a running battle between the Presidency and the forum, President Jonathan may have, in the opinion of critics, decided to find a way of taming that body, or infiltrating it. No other occasion appears to justify that thinking more, at the moment, than the campaigns for 2015. Manifestation of this has assumed intriguing proportions in the last few weeks as the Presidency attempts to put a leash on the governors’ forum, albeit in his own style. Amaechi’s re-election bid
Updated 6 Years ago

For seven hours yesterday, the Economic and Financial Crimes Commission (EFCC) grilled the Chairman of Capital Oil, Mr. Ifeanyi Ubah, over alleged N43.291billion fuel subsidy fraud.
Updated 6 Years ago