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21 Dec 2009
By Roseline Okere THE Cocoa Processors Association of Nigeria (COPAN) has called for an urgent intervention of the Federal Executive Council to obtain early release of year 2007 and 2008 Export Expansion Grant (EEG), currently stalled within the Ministry of Finance in Abuja. A statement jointly signed by the Chairman of the association, Mr. Akin Olusuyi and the Publicity Secretary, Mr. Simon Conway Jarrett stated that urgent release of the grant was vital to avoid the total collapse of the Cocoa Processors Export Manufacturing Sector, which they said had been struggling for survival for some time and could not survive much longer.
21 Dec 2009
By Tosin Fodeke FOLLOWING the Central Bank of Nigeria (CBN)'s pledge to keep the exchange rate value below N150 per dollar, the naira recently remained stable in the days running to Christmas. Tied at N147.6 per dollar at the official market, the naira maintained a stable streak, as it stayed at N147.5 all through the week. Against the Euro, the naira lost its value, losing 17 kobo to drop from N211.93 to N212.10 at the official market, while the British Pound gained 96 kobo to rise from N238.12 to N239.08.
21 Dec 2009
By Wole Shadare COME March next year, concessioning agenda for most of the nation's five airports would have been consummated, the Minister of Aviation, Babatunde Omotoba, has assured. Babatunde gave the assurance last week while fielding questions from reporters. The planned concession of Lagos, Kano, Calabar and Port-Harcourt airports had generated interest in the last few months, occasioned by confidence crisis over faithful and transparent execution of the scheme.
20 Dec 2009
THERE are indications that a new regulator for the Nigerian postal services sector will emerge in the first quarter of 2010. Already, a Postal Sector Bill, which would give a legal backing to this new regime is before the National Assembly and, when passed into law, would ensure the establishment of Postal Regulatory Commission that would supervise the activities of the sector as the present regulator, Nigerian Postal Service (NIPOST) is regarded as an operator and regulator.
19 Dec 2009
Celebrity endorsement emanated from the concept of celebrity branding - which itself is about attaching a celebrity (movie star, sport star, musician etc) to a brand with the intent to give the brand a positive and acceptable face and a personality. To create a personality for the brand is to project the image of a living, breathing, credible person as opposed to a lifeless and faceless entity or object. It is associating the core values and essences of the person with the intention of passing on the appreciation and acceptability of the celebrity to the brand. So, companies use celebrities to endorse or promote their brands and expect the product to be accepted and perceived just the same way as the celebrity.
11 Oct 2009
Kendis, who is the managing director of 'The Banking Group,' - a US-based banking training and data outfit - said this at this year's training programme organised by the International Finance Corporation (IFC) in Lagos.
30 Sep 2009
TWO top management staff of a Kaduna State Government parastatal, Kaduna State Development and Property Company (KSDPC) Limited, have been suspended from office for allegedly embezzling N9.7 million belonging to the company.
30 Sep 2009
OIL prices fell below $66 a barrel yesterday as stock markets sank and investors eyed a slew of economic data this week that will help shed light on the health of the U.S. economy.
30 Sep 2009
THE Naira, yesterday, rose to a two-month high against the British Pounds Sterling at the official market amid reports that oil, the major foreign exchange earner is not in short supply.
30 Sep 2009
Lagos, Sept. 25, 2009 (NAN) The Lagos State Internal Revenue (LIRS) enforcement team on Friday arrested four persons for allegedly breaking the seals on their offices for evading tax.
30 Sep 2009
THE Chartered Institute of Taxation of Nigeria (CITN) has urged every legislative house in the country to have a committee on taxation.
30 Sep 2009
A COMPREHENSIVE review of capital market operations has been canvassed by the former President of Institute of Chartered Accountants of Nigeria (ICAN), Otunba Abdul-Lateef Owoyemi, to bolster the nation's financial sector.


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Bundesliga champions Bayern Munich have renewed their partnership with insurance company Allianz by another 10 years until 2033.
3 hours ago
The Independent National Electoral Commission (INEC) has denied a story alleging that its Chairman, Prof. Mahmood Yakubu, issued a directive at variance with the approved guidelines of the commission to distort Abia governorship election results collation.
3 hours ago
© Pacifique Akilimali/Maryam Abu Hassan – Poet Pacifique Akilimali of the Democratic Republic of the Congo and Nigerian peace activist and poet Maryam Abu Hassan. New York, USA, 21 March 2023-/African Media Agency(AMA)/“Across identities and differences…  over countries and continents… it is not hard to choose peace.” These lines are from a new poem created to…
4 hours ago
The All Progressives Congress (APC) in Kano State has rejected the result validating the election of the New Nigerian People’s Party’s (NNPP) Abba Yusuf as governor-elect.
5 hours ago
The United States Consulate in Nigeria has said it will place visa restrictions on Nigerians responsible for election violence that undermined the democratic process during Saturday’s gubernatorial and state assembly elections. The Consulate disclosed this in a statement on Tuesday, stating that it is deeply troubled by the disturbing acts of violence, voter intimidation, and…