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FG, Brazil build N144b power plant in Bayelsa

ABUJA – The Federal Government and Benco Energy Limited of Brazil yesterday signed a N144 billion Memorandum of Understanding, MoU, to construct a 700 megawatts power plant in Nigeria. The President of Benco Energy Limited, Brazil, Mr. Rodrigo Badew, said at the MoU signing ceremony that the plant which will be gas and vapour fired … Continue reading

Rebasing: Nigerian Economy Revised To Worth N81 Trillion

The National Bureau of Statistics (NBS) has said it has revised the size of Nigerian economy to worth about N81.009 trillion following the final rebasing of the country’s Gross Domestic Product (GDP), using the Expenditure Approach between 2010-2013. This represented a marginal increase from the projected N80 trillion in 2013 when the output method was … Continue reading

JONATHAN LAUNCHES NATIONAL IDENTITY CARD SCHEME

President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa’s most populous nation. The head of state was issued with his own card, which features a credit card-style chip with personal as well as biometric data and doubles up as … Continue reading

FG Directs CBN To Earmark N50bn For Mechanised Agric

The federal government yesterday directed the Central Bank of Nigeria (CBN) to set aside a N50 billion mechanisation intervention support fund that will allow and speed up the full establishment of the 1,200 private sector driven Agricultural Equipment Hiring Enterprises (AEHE) in all the 36 states of the federation. Vice President Namadi Sambo gave the … Continue reading

What you Need to Know About the N65 ATM charge

Central Bank of Nigeria What you Need to Know About the N65 ATM charge 1. Cash withdrawal at the ATMs of a customer’s bank is free 2. The first three transactions in a month by the customer of another bank are FREE for the card holder but PAID FOR by the issuing bank 3. The … Continue reading

Nigeria slashes cost of registering small businesses by 60 percent

The Nigerian government says it has reduced the cost of registering Small and Medium-scale Enterprises (SMEs) with the Corporate Affairs Commission (CAC) by 60 percent.Nigeria’s Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, told the 8th annual Micro, Small and Medium Enterprises’ finance conference on Tuesday in Abuja that the decision underscored the importance … Continue reading

No Soldier defected…STOP HYPING BOKO HARAM’S SUBTERFUGE TACTICS…

1. BìG STORY: THE NIGERIAN SOLDIERS FOUND IN CAMEROUN The Nigerian troops that were found in Cameroun was as a result of a sustained battle between the troops and the terrorists around the borders with Cameroun which saw the Nigerian troops charging through the borders in a tactical maneuver. Eventually they found themselves on Camerounian … Continue reading

URGENT: INEC PRESS STATEMENT

The Independent National Electoral Commission (INEC) has noted with concern the agitation in some quarters for an extension of the second phase of the Continuous Voter Registration (CVR), which ends on Monday, August 25th, 2014. This phase of the exercise, which commenced on Wednesday, August 20th, 2014, involved the Federal Capital Territory (FCT) and 11 … Continue reading

BIG STORY: THE NIGERIAN SOLDIERS FOUND IN CAMEROUN

The Nigerian troops that were found in Cameroun was as a result of a sustained battle between the troops and the terrorists around the borders with Cameroun which saw the Nigerian troops charging through the borders in a tactical maneuver. Eventually they found themselves on Camerounian soil. Being allies the normal protocol of managing such … Continue reading

Ogbelle Mini-Refinery Marks the Thousandth Diesel Truck Load

The 1000th Diesel Load out by truck happened at the Ogbelle Mini Refinery at about 13:00 hours (local time) on Saturday August 23, 2014. The occasion was marked by a small celebration at the facility, located 40km north east of Port Harcourt, in Rivers state in the eastern Niger Delta Basin. The Niger Delta Petroleum … Continue reading

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