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18 Jan 2015
WITH sliding profile of crude oil price in the world market, analysts have again prescribed effective diversification of the nation’s economy currently dominated by the commodity.   Indeed, a group, under the aegis of Forum for Inclusive Nigerian Development (FIND), stressed that the current political campaign should be focused on strategies that would achieve this…
18 Jan 2015
AN American Congressional delegation has arrived in Havana in the first such visit since the United States and Cuba agreed to restore ties severed in 1961. The Democrat politicians plan to meet Cuban officials and civilian leaders to discuss practical measures required for the normalisation of relations. The thaw in relations was announced on 17…
18 Jan 2015
A FEDERAL High Court sitting in Lagos has ordered the Attorney General of the Federation (AGF) and four others to maintain status quo in the award of the multi-million dollar contract for the controversial storage and offloading unit FPSO in Egina Field within OML 130, pending the determination of the suit by a lawyer, John…
Biz-Rice-Market-KK
17 Jan 2015
EVEN as the rice market experiences its peak season, serious crisis may be looming in the value chain due mainly to regulatory snag, sharp market practices and bogus investment speculations by investors, checks by The Guardian has revealed.      Rice production has been hailed to be Nigeria’s next income spinner, with mills sprouting in…
okonjo-ok
17 Jan 2015
•Taxes…All The Way LOOKING at the plethora of resources hidden in Nigeria’s underbelly, an outsider, having no prior knowledge of the country’s woes, would be perfectly correct to assume that its citizens are leading the best of lives.     The resource deposits — human and natural, alike — scattered across the country, a blossoming middle…
17 Jan 2015
ON a continuous basis, the Federal Government is bracing for the harsh impact of dwindling oil prices with the devaluation of the Naira and strict policies on luxury spending.    On the flip side, the states are turning to Internally Generated Revenue (IGR) to make up for the shortfall in allocations from the center.   …
Gebremariam-16-01
15 Jan 2015
Nigeria, in the event of the global down turn of world economy, should be thinking now on how to develop critical sectors of her economy other than oil and gas in order to avoid the adverse effect this will have in the overall governance of the country. One of such critical sectors is the aviation…
DISCOVERY
15 Jan 2015
DISCOVERY Air on Wednesday commenced series of meetings with passengers and their legal representatives that lodged complaints with it and the Nigerian Civil Aviation Authority ( NCAA). The meetings, it was learnt is part of efforts by the start up carrier to restore the suspension of its operating license by the NCAA. The NCAA on…
15 Jan 2015
ARIK Air, West and Central Africa’s largest carrier is resuming flight services to Cotonou, Benin Republic and Douala, Cameroon from Monday, January 19, 2015. Flight services between Lagos, Nigeria and Cotonou/Douala were suspended last year in the wake of the outbreak of Ebola Virus in some parts of West Africa. Arik Air will be operating…
15 Jan 2015
To focus on diversification of Abuja Exchange CAPITAL market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a dialogue with the Federal      Government and key stakeholders in the economy to ensure proper alignment…
15 Jan 2015
THE daily official list of the Nigerian Stock Exchange swelled Thursday, with the listing of 7,600,403,900 ordinary shares of 50 kobo at N10.00 per share in the name of  Transcorp Hotel Plc.   The listing, added N79 billion value to the entire market capitalization of the NSE.   The company’s vision is to be the…
oil-prices
15 Jan 2015
. Production down by 17,300bpd in December BESIDE lingering decline in crude oil prices, which has greatly affected Nigeria’s revenue from crude oil exports, the country may have also lost buyers of essential commodity.   Specifically, about 35 million barrels of the country’s crude oil remained unsold at the international market as at December 2014.…

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