The Chairman of Daniel Group, a socio-economic body, Pastor Wole Oladiyun, has said that endemic corruption in the country is a major reason the Federal Government liquidated the national carrier, Nigeria Airways, while national airlines, like Kenya Airways, are still doing fine.
Updated 8 Years ago

Procurement experts under the aegis of Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN) has accused the Federal Executive Council (FEC) of illegal award of contracts not backed by the constitution.
Updated 8 Years ago

Standard Chartered Bank’s London-based Head of Macro-Economics and Regional Head of Research for Africa, Razia Khan, has said that the lowering the interest rate regime in the country alone will not make banks improve lending to the private sector.
Updated 8 Years ago

Nigeria’s interbank lending rates climbed to an average of 15 percent last week compared with 14.33 percent a week earlier, after large cash withdrawals by the Nigerian National Petroleum Corporation flows to bonds and foreign exchange purchases drained liquidity.
Updated 8 Years ago

Chief Operating Officer of Airtel Nigeria, Deepaqk Srivstava has explained the decision by the communications company to bring to Nigeria, four first team players of Arsenal Football Club of England next month.
Updated 8 Years ago

Coordinator for national women’s teams, Aisha Falode has challenged team proprietors to emulate the large heartedness of Rivers State governor, Rotimi Amaechi. Amaechi recently rewarded Challenge Cup champions, Rivers Angels with cash and car gifts the same as Nigeria Premier League (NPL) champions, Dolphins.
Updated 8 Years ago

Following the meeting of the Bureau of Public Enterprise’s bid deadline for energy plants in the country, the Transcorp/Woodrock/Symbion consortium of local and international technical partners, has said it is committed to Nigeria’s power reform.
Updated 8 Years ago

LAGOS — MINISTER of Power, Professor Barth Nnaji, yesterday, challenged workers of Power Holding Company of Nigeria, PHCN, to demand from their leaders, the whereabouts of their pension funds. Nnaji in a statement by his Special Assistant on Power (Media), Ogbuagu Anikwe, said the workers should find out from the three trade unions in the power sector, how hundreds of billions of dollars purportedly contributed over the decades by them towards their pension scheme disappeared.
Updated 8 Years ago

Former presidential candidate of the Congress for Progressive Change (CPC) General Muhammadu Buhari (retired) at the weekend recalled his days as head of state, when things worked in the oil sector and how successive regimes destroyed all that.
Updated 8 Years ago

It is bad enough that they have lost their ancient homeland, but it is even worse that they have also now lost their king. And the residents of Makoko are kitting up for whatever war they can manage to wage against the Lagos State Government for making them lose both their kingdom and their king. The displaced residents of Makoko community are billed today to march on Alausa, the seat of government, to display their displeasure against their displacement.
Updated 8 Years ago