Nigeria to handover PHCN assests to new owners

The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN Successor Companies to the...

Ropeways Transport Set to Launch the Lagos Cable Car Mass Transit System

…Signs agreement with Lagos State Govt. For the first time in the history of Nigeria, a cable car company, Ropeways Transport Limited, is set to launch...

ZENITH BANK POSTS N75 BILLION PROFIT IN NINE MONTHS

Zenith Bank Plc has announced a profit before tax of N75. 22 billion for the nine months ending September 2012 indicating an impressive 50 per cent...

Nigeria’s 2012 t0 2014 Revenue and expenditure framwork

The Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) are statutory documents, which articulate Government’s revenue and expenditure plan as well as its fiscal...

Setting up another airline puts a question mark on PDP’s economic agenda for Nigeria.

The news broken by the National President, Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), Mr Benjamin Okewu, last week that the Federal Government might...

Using our reserves to achieve economic growth and development

In traditional economic management nations build up foreign reserves to back up their currency. In the early stages of macro economic management gold was used as...

Capital projects to be ready by 2015 if deregulation succeeds – Presidency

Political Adviser to President Goodluck Jonathan, Alhaji Ahmed Gulak, has promised that capital projects embarked upon by the present administration will be completed by 2015. He...

Lagarde hits triple C in reenergized agenda for IMF

Christine Lagarde, taking over as new Managing Director of the IMF, outlined a five point agenda for reenergizing the Fund to ensure the 187-member country institution...

IMF will focus resources capital power, brain, on what is useful for members

IMF Managing Director Christine Lagarde spoke to the media on her first day in office in Washington. Here are excerpts of the media encounter. You might...

Dry your crocodile tears and pay minimum wage

By Omoh Gabriel Nigeria is peculiar in several respects. There are several anomalies and politicians hide under this cover to deceive the people. The question of...

36 MDA had 43,000 ghost workers — Aganga

—- Nigeria needs N34 trillion for infrastructure in the next four years —-Domestic debt now $37 billion —-Monthly internally generated revenue N60bn —-Multi-year budgeting in the...

Union Bank will not be liquidated, complete recapitalisation in Sept

Nigeria leaders borrow to maintain themselves in office, not for the nation

By Omoh Gabriel Nigeria leaders are at it again. This time as usual, it is a fight between the legislators and the executive arm of government...

Equity company Zephyr opens in Lagos

By Omoh Gabriel A pan Africa equity firm, Kingdom Zephyr Africa Management Company, has disclosed that it has opened its new office in Lagos, Nigeria. In...

President Yar’ Adua introduces austerity measures in 2009

By Omoh Gabriel President Umaru Musa Yar’ Adua has in the provision of the 2009 budget introduce austerity measure in Ministries, Departments and Agencies to combat...