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Lassa fever resurfaces, kills three in Kaduna

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Kaduna State commissioner for health, Jonathan Nok, has confirmed the death of three persons killed by Lassa fever in Kaduna State. Confirming the incident to...

Reps summon Bio over N12 bn rail contract

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Former minister of transport, Isa Bio, has been summoned by the House of Representatives ad hoc committee investigating the N1 trillion railway contract over...

Amid oil rout private equity firms amass African war chest

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(BLOOMBERG) Private-equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local...

320,000 federal workers enrolls in salary processing system as FG struggles...

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The federal government has successfully enrolled about 320,000 federal workers into its innovative salary processing system after it successfully flushed out over 60,000 ghost...

CURRENCY; Naira takes fresh beating as reserve declines to $27.8bn

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The naira yesterday, depreciated in value against the dollar across foreign exchange (FX) markets due to shortage of the greenback. Specifically, the naira weakened by...

Export Promotion Council steps in for rice farmers as production declines

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Nigerian Export Promotion Council (NEPC), a Federal Government agency saddled with the responsibility of promoting the non-oil sector of the economy is appealing to...

BEDC wins CBN’S cashless payment award

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(BENIN CITY, NIGERIA)Benin Electricity Distribution Plc. (BEDC) last Thursday in Lagos became the first electricity distribution company to emerge a winner in the maiden...

Indorama expansion plan aims to boost PET production capacity

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(Port Harcourt, NIGERIA) Indorama Group, one of the world leader in poly-ethylene Terephthalate (PET) production, says it plans to significantly increase capacity at its...

House of Reps committee sets harmonisation date for 2016 budget

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House of Representatives Appropriations Committee yesterday unveiled plans to hold a special budget defence session with Kemi Adeosun, minister of finance, and Udo Ndoma,...

Lagos light rail project gets $200m World Bank boast

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Nigeria’s minister of information, culture and tourism, Lai Mohammed, said on Thursday that the $200 million World Bank loan recently approved by the Federal...