Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields. WORLD OIL PRICES Brent futures held above $110 a barrel on Friday as a steep drawdown in U.S. gasoline stockpiles revived hopes of steady demand growth in the world’s top oil consumer, with geopolitical tensions over Ukraine providing additional
Updated 6 Years ago

Analysts have identified economic uncertainties as a major reason inhibiting the growth prospect of National Salt Co. Nigeria plc, as first quarter profits slumped 19.43 percent. For the first three months of 2014, the company’s revenue dipped by 6.5 percent to N2.69 billion from N2.78 billion as of Q1 2013, while pre-tax profits slumped by 19.4 percent to N813.37 million.
Updated 6 Years ago

The company was established in 1982 by three medical doctors, Alexander Eneli, Sunday Kuku, and Augustine Obiora; the trio merged the first letter of their surnames to form the hospital’s name, EKO. The hospital has grown into a private teaching hospital expanding from Ikeja to Surulere and beyond. After it became a public liability company in 1991, the hospital’s name was changed to Ekocorp plc in 1994.
Updated 6 Years ago

Adamawa Universal Basic Education Commission said it had registered 240 Almajirai for the National Almajiri Education Programme due to take off in the state. Dr Halilu Hamman, the Executive Secretary of the board, told the News of Nigeria (NAN) in Yola on Thursday that the state government was fully prepared for the take-off of the programme by putting in place all necessary facilities.
Updated 6 Years ago

Tragedy struck yesterday when 14 persons lost their lives in ghastly motor accident along the ever-busy Benin-Okene Highway, by Ewu slope, in Esan central area of Edo State. The accident involved a 15-seater Toyota Hiace bus, belonging to the Edo City Transport Service (ECTS) and a truck.
Updated 6 Years ago

Determined to explore various options that can rein in the increasingly destructive attacks on Nigerians by the terrorist group, Boko Haram, President Goodluck Jonathan has announced the offer of amnesty to members of the outlawed Islamic sect. The offer may be patterned after the type offered the Niger Delta Militants who renounced violence, surrendered their arms and embraced dialogue; after which they were put through a de-militarisation process and non-violence training.
Updated 6 Years ago

The Executive Chairman of Airline Operators of Nigeria (AON), Captain Nogie Meggison has faulted the proposal being made for the Nigerian Civil Aviation Authority ( NCAA) to carry out inspection of aircraft after it has been ferried into the country, saying it would compromise safety. Presently before any aircraft is brought into the country, NCAA would inspect the aircraft overseas and certify it air worthy before it is allowed to fly into the country. But what is being proposed now is that the aircraft should be flown into Nigeria before it is inspected by the regulatory body.
Updated 6 Years ago

Stakeholders in the aviation sector have said they are not surprised at the turn of events regarding the airport remodelling project, stating that the review ordered by the Federal Government is expected. The stakeholders, who spoke in separate interviews with our correspondent in Lagos on Wednesday, said due process was not followed in sourcing for the funds used for the projects initiated by the former Minister of Aviation, Ms. Stella Oduah.
Updated 6 Years ago

Pension stipends received by professors and permanent secretaries will be augmented by the Federal Government when the new Pension Reform Act is eventually passed into law, investigation has revealed. This development will enable them to continue to earn their full salaries in retirement even when they don’t have enough funds in their Retirement Savings Accounts, unlike other retirees under the Contributory Pension Scheme.
Updated 6 Years ago

Former President Olusegun Obasanjo, on Thursday warned the Nigerian military not to “play Public Relations propaganda” with the abduction of over 200 female pupils of the Government Secondary School, Chibok, Borno State. Obasanjo said this in a Channels Televisionnews monitored in Lagos on Thursday night. Asked to react to comments made by the Chief of Defence Staff, Air Marshal Alex Badeh, that the Nigerian military knew the whereabouts of the abducted girls, Obasanjo said, “This is not an issue that
Updated 6 Years ago