Oil service firms close shop over suspension of projects
More oil service companies, indigenous and foreign owned, may be closing shop this year due to government’s decision to suspend some key projects that are critical to oil and gas industry and the development of local content.One of the local comp
Stock market drops N300bn in two days
For the second consecutive trading day this week, the Nigerian stock market closed lower a
FG orders NCC to collate data on drop calls
Worried by the sustained poor quality of services by telecom firms in the country, the Fed
FG may review petroleum prices
In line with the declining price of crude oil in the international market, the Federal GovGunmen abduct Elechi Amadi, as Sylva decries action
Unknown gunmen, Monday, kidnapped the literary icon, Elechi Amadi, at his residence in Aluu, Ikwerre local government area of Rivers State. Reacting to the incident, Baye
Push for turn-around strategy for Nigeria ’s ailing textile sector
We need a turn-around strategy, “…a total strategy, a mix and bullish attack on the challenges of the industry”. This was the way Banquaires Facilities Int’l Limi
Better deal for subscribers as more telcos access funds
Nigeria’s telecom sector is opening the year with promise of growth despite the global economic recession. This confirms the view of experts that while many telecom
Insurers tighten loose ends to boost premium generation in 2009
After having successfully operated a full year following its recapitalisation, the insurance industry believes it can contribute more to the nation’s economy if only it
‘Ineffective supply of gas is bane of cement industry’
Apart from power crisis, the cost of production of cement may further worsen this year if government does not pay attention to effective supply and distribution of gas.
Br
Congestion threatens business at Apapa port
APM Terminals, one of the concessionaires at Apapa Port, has urged to the Federal Government to assist in evacuation of over 20,354 containers sitting at its terminal si
Lessons from Ghana’s presidential elections
The long wait for who succeeds outgoing president John Agyekum Kufuo of Ghana, ended last Saturday with the announcement of John Evans Atta-Mills, a professor of law and
End of a bearish market
Happy New Year! Equity investors in the Nigerian capital market are no doubt counting their losses in a year that has left so many of them traumatized.
Last year had star
Discovering alternative revenue sources for economic growth
Falling price of oil in the international market is again throwing up the need to diversify the revenue base of the Nigerian economy. This becomes more crucial because Ni
Rising oil price from Gaza war may limit devaluation of Naira
From all indications, the increase in the prices of crude oil following the face-off between Hamas and Israeli forces may eventually limit the level of devaluation of
‘It’s high time government reversed policy on NLNG, OK, BrassLNG’
The pull-out of KBR, an American engineering multinational oil servicing company, from Nigeria stakeholders say, is no doubt, clearly an indication of the insensitivi
Firm to build 11,000 houses in Kano, Sokoto, Borno, 8 others
A private firm, FramanAgridev, is investing N300 billion for the building of 11,000 houses in 11 northern states. The states are Sokoto, Zamfara, Kano, Jigawa, Bauchi and
Tayo Rotimi: Focusing on performance improvement
With the widening skill lacuna between industry demands and quality of the nation’s graduates, Mac Tay Consulting has taken up the gauntlet to address this problem as i
Passengers showing preference for Arik Air’s Lagos-London flights
Passengers appear to be showing preference for the new entrant into the lucrative Lagos-London route, Arik Air, a Business Day investigation has shown.
Arik Air which ente
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