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  • Bears Sustain Hold in Stock Market, Articles

    December 9, 2013 1:15 AM 30

    The Nigerian equities market was, last week, unable to survive the bears’ onslaught that started the previous week as major indicators again closed in red led by the twin market gauge. The benchmark, which shows the direction of stock price, saw a gradual decline throughout the week, with a 0.33 per cent dip on the last trading day. Activity level in terms

  • One suspected oil thief roasted by fire in Bayelsa

    December 8, 2013 8:16 PM 8

    One person was reportedly burnt to death weekend in the deep mangrove creek of Southern Ijaw Local Government Area of Bayelsa State when suspected oil thieves set ablaze an oil facility belonging to the Nigerian Agip Oil Company NAOC. The incident, it was learnt, occurred along the creek of Igbomotoru community of the council area, known for its high concentration

  • Okada ban in Niger State takes effect January 2

    December 8, 2013 7:51 PM 11

    The Niger State Governor, Babangida Aliyu, has said the enforcement of the traffic law banning the operations of commercial motorcyclists, popularly called okada, would commence in Minna on January 2, 2014. The Chief Press Secretary to the Governor, Danladi Ndayebo, said in a statement on Sunday that adequate arrangements had been made to cushion the effect

  • AEPB: Agent Of Change Or Weapon Of Destruction?

    December 8, 2013 4:35 AM 58

    It is a government agency saddled with the responsibility of waste collection and disposal and general maintenance and protection of the Federal Capital Territory (FCT) against environmental hazards. But in the course of carrying out their statutory duties, the officials of the Abuja Environmental Protection Board (AEPB) have allegedly become masquerades

  • Okonjo-Iweala: Mandela Fought for a Technologically Advanced Africa, Articles

    December 8, 2013 12:43 AM 15

    Nigeria’s Finance Minister and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala has described the former South African President Nelson Mandela, as a man who fought for a technologically advanced Africa. Okonjo-Iweala, who is the chairperson of the Nelson Mandela Institution said in a statement yesterday that the Nelson Mandela Institution

  • Gabosky, BoI Launch Mega Film Distribution Company, Articles

    December 7, 2013 11:00 PM 34

    The fruit of the Federal Government’s investment in the entertainment industry is gradually showing as a mega film distribution company has been unveiled. Although the outfit, G-Media, is a private initiative by a film producer, Chief Gabriel Okoye, otherwise called Gabosky, it is funded with a loan from the Bank of Industry (BoI). While many members

  • IMF urges Kuwait to control public sector wage bill, subsidies

    December 7, 2013 3:12 PM 173

    Kuwait must control its public sector wage bill and state subsidies as part of a plan to safeguard against a drop in oil revenues in the future, according to officials from the International Monetary Fund (IMF). IMF executive directors said that while economic growth of three percent is expected this year, the Gulf state must do more to diversify away from its high dependence

  • Opinion: Why N116 billion is the correct sum to spend on variation of Abuja-Abaji-Lokoja

    December 7, 2013 1:10 PM 8

    Posted in wpzoom Opinion on December 7, 2013 10:00 am / no comments In fulfilment of the Federal Government’s promise to dualize all roads leading to Abuja, the Federal Capital, contracts for the dualization of the Abuja-Abaji-Lokoja Road were awarded in four sections to four construction companies in 2006. The contractors are: Dantata & Sawoe, RCC, Bulletine

  • Nigeria wants D-8 to invest in research, seed and fertiliser industry

    December 7, 2013 10:28 AM 18

    Dr Akinwumi Adesina, the Minister of Agriculture and Rural Development, on Friday urged the D-8, a group of developing countries, to increase investment in research, seed and fertiliser industry. The minister, who made the call at the meeting of D-8 Agriculture Ministers in Abuja, said that such investment will aid efforts to boost food security in the member

  • NSE index drops 0.32% with Unity Bank, Transcorp, UBA Capital most active

    December 6, 2013 3:42 PM 5

    WorlStage Newsonline-- The equities market closed on a negative note at the end of trading on Thursday, as the Nigerian Stock Exchange All Share Index (NSE ASI) lost by 0.32 per cent to close at 38,864.84 points, compared with the marginal gain of 0.09 per cent recorded on Wednesday. Similarly, the Market Capitalization also depreciated by 0.32 per cent to close