ABUJA-Some stakeholders in the finance industry have commended the Federal Government for its decision to use Micro-Finance Banks (MFBs) in distributing the N220 billion Micro, Small...
ABUJA-THE Federal Government has approved N50 billion to boost mechanized farming. Consequently, President Goodluck Jonathan has directed the Central Bank of Nigeria, CBN, to set aside...
LAGOS-As Nigerian banks invested about N750 billion in the power sector since its privatisation, it’s imperative that the security of this huge exposure rests squarely on...
LAGOS-The Nigerian Bulk Electricity Trader, NBET, has not demonstrated the readiness to midwife bilateral trading in electricity, said the Chairman, Manufacturers Association of Nigeria, MAN Apapa...
LAGOS-The Board of United Bank for Africa Plc, UBA, has named Mr. Tony O. Elumelu, CON, as Chairman to succeed Ambassador Joe Keshi. Mr. Elumelu until this...
Analysts at FBN Capital Limited have bemoaned the negative correlation between Nigeria’s oil output and economic development, saying the oil sector has contributed negatively to the...
ABUJA-The National Council on Power, NCoP, has mandated the Ministry of Power to collaborate with relevant agencies to develop a national policy on energy efficiency and...
Royal Dutch Shell plc reported Tueday that it has made a gas discovery at the company-operated deepwater Marjoram-1 well in Block SK318, offshore Sarawak, Malaysia –...
WASHINGTON DC-Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong overseas demand for aircraft, and the underlying trend also...
Hewlett-Packard Co is recalling about 6 million computer power cords after 29 reports of the cords melting or charring, the U.S. Consumer Product Safety Commission said...
