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  • NBS flags off job creation survey

    February 3, 2014 4:47 PM 5

    WorldStage Newsonline-- The National Bureau of Statistics on Monday said its National Job Creation Survey which will cover the informal and formal sectors for the second, third and fourth quarters 2013 will commence Wednesday in the 36 states and the Federal Capital Territory (FCT). A statement by the agency said, the three-week survey to be concluded

  • Oando Executes Loan Agreements to Acquire ConocoPhillips Assets, Articles

    February 3, 2014 2:59 AM 17

    Oando Energy Resources Inc., a subsidiary of Oando Plc, which is focused on oil and gas exploration and production in Nigeria, has entered into two financial deals to raise a total of $800 million to partly fund its acquisition of the upstream oil and gas business of ConocoPhillips. The company, in a statement Sunday, said the remainder of the funds

  • Public deposit: From 75% to 95% CRR

    February 3, 2014 12:30 AM 25

    February 2, 2014 by Odilim Basil Enwegbara Two years ago, a banker friend of mine, a top executive of one of the old generation banks, confided in me how one of the federal commissions that deposited the sum of N2bn in the bank’s fixed deposit was making as high as 10 per cent annually, which as a result of the confidential agreement with the bank, the head of the commission

  • RLG Commissions Technology City Worth $50m in Osun

    February 2, 2014 10:14 PM 13

    A phone and Information Communications Technology company, RLG has commissioned a Technology City worth 50 million US Dollars in Ilesha, Osun State. Called the RLG/Adulawo Technology City, the world-class facility which is already operational will be involved in the training of youths in the assembly and repair of the various electronic devices as well as also produce

  • Nebo Reassures Nigerians of Improved Electricity Supply

    February 2, 2014 5:03 PM 13

    The Minister of Power, Prof. Chinedu Nebo, on Sunday reassured Nigerians, especially industrialists, of steady electricity supply in a very short time. Nebo gave the assurance at the investiture of the newly elected president and council of the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) in Enugu. According to him, downturn in the power

  • NDLEA arrests man with 107 ATM cards

    February 1, 2014 11:04 PM 17

    The National Drug Law Enforcement Agency said on Saturday it arrested a man with 107 automated teller machine cards in his possession at the Murtala Mohammed Airport in Lagos. A statement by NDLEA said its officers discovered the ATM cards in the man’s luggage during the outward screening of passengers travelling to Istanbul, Turkey aboard Turkish Airlines

  • OPINION: Tech in Nigeria should not be all about Lagos

    February 1, 2014 6:00 AM 22

    As Nigeria continues to grow its economy and become desired destination for investors, Lagos seems to be the focus of all attention. Yet it is important to remember Lagos is just one out of 36 states in the country, and it would be expedient to gradually direct the attention out of Lagos to other cities that have potential for tech growth. Recently

  • Banks in Offa to Re-open on Monday - Bankers Forum

    February 1, 2014 4:40 AM 15

    The Offa Branch of Kwara Bankers Forum has directed all commercial banks in Offa to reopen for business on Monday, Feb. 3. Monday Olotewo, the Branch Controller of Central Bank of Nigeria (CBN), made this known in Ilorin. It could be recalled that banks in Offa were hurriedly shut on Dec. 19, 2013, when robbers stormed some banks in the town killing

  • Oando to raise N250b through right issue, private placement * Oando Energy to raise $50m

    February 1, 2014 3:01 AM 15

    WorldStage Newsonline-- Oando Plc has announced plan to hold an Extra-Ordinary General Meeting on Tuesday, 18th of February, 2014 to consider, and if thought fit, pass resolutions which include; That on the recommendation of the directors and in accordance with Article 46 of the Articles of Association of the Company, the Authorized Share Capital of the Company

  • No light, yet crazy bills! Nigerians groan

    February 1, 2014 12:00 AM 33

    ELECTRICITY supply in the country has worsened even further in the past few weeks, with many Nigerians in different parts of the country lamenting the incessant and often prolonged power outages. And though the new electricity companies have made spirited efforts to explain away their inability to provide the services for which consumers are made to pay through