The decision of the Nigeria Communications Commission (NCC) to grant a fibre optic cable landing licence to WACS - a South African promoted consortium - is causing outrage in the Nigerian telecoms sector, THISDAY can report.
Former managing director of Bank PHB, Mr. Francis Atuche, who is standing trial for money laundering is to face fresh charges. A Federal High Court sitting in Lagos , yesterday accepted the prosecution's decision to amend the charges against the former bank executive and adjourned proceedings to January 11, 2010, for fresh pleas to be taken in the amended charge bordering on money laundering.
As motorists grapple with the lingering fuel scarcity in most parts of the country, marketers of petroleum products and officials of the Nigeria National Petroleum Corporation (NNPC) yesterday traded blames over who should be held responsible for the fuel crisis.
Two years after the suspension of reforms that would decentralise the Power Holding Company of Nigeria (PHCN) and attract private participation in the sector, the Federal Government yesterday said it would proceed with the programme initiated by the previous administration.
The Liberian government has announced plans to ask the General Auditing Commission (GAC) to audit non-governmental organizations operating in the country. Planning and Economic Affairs Minister Amara Konneh making the disclosure yesterday in Monrovia said non-governmental organizations operating in the country will soon be subjected to forensics audit by the government through the GAC.
Cellcom, one of the leading companies in the country, has offered 20 shares to each of its employee as a means of making them owner of the company. Speaking during a press conference yesterday at the headquarters of the Cellcom in Monrovia, the Chief Executive Officer of Cellcom Mr. Avishai Marziano said the offering of shares to employees indicates how much they at the level of top management ...
"Emirates SkyCargo", the freight division of Emirates airline which offers comprehensive cargo solutions to more than 100 destinations to over 60 countries on six continents, plans to achieve a 50% annual growth rate in volume of goods exported from Tunisia.
The Head of Micro-Finance at the First International Bank Liberia Limited (FIBank), Mr. Oloando Lee Cooper, has reminded beneficiaries of the first phase of the Micro-loan program that the Bank is committed to helping Liberian business entrepreneurs with loans to help improve their businesses. This, he narrated, would be contingent upon the commitment on the part of the recipients to pay back the ...
After months of troubling controversy with emphasis on the "Zahkem, Aloysius Jappah and Harry Greaves debacle", the dust created at the Liberia Petroleum Refinery Company (LPRC) has indeed settled to a large extent, with the management endeavoring to embark on a new drive and give the entity a new look.
Palpable tension sorrounds the vicinity of Karu market as traders under the aegis of Karu Market Traders Association are protesting the planned demolition of the market by the Abuja Municipal Area Council, AMAC.
Over 30,000 people have benefitted from the Ekiti State Government's micro- credit loan in the last two years, Governor, Segun Oni has said.
The 2010 budget proposal in Cross River State has suffered another setback as the presentation of the budget to the Speaker of the state House of Assembly was postponed indefinitely.
As the nation's public accountants prepare to return billions of unspent funds to the nation's treasury latest December 31, 2009, there are strong indications that the experience of the past two years may repeat itself,LEADERSHIP findings have revealed.
Civil society organizations and some legal experts, including the Director-General of the Nigerian Institute of Advanced Legal Studies, Prof Epiphany Azinge, have justified calls for the strengthening of the judicial system by granting it the autonomy to serve as antidote to the proliferation of economic fraud and other social vices permeating the system.
The new management of FinBank plc. has revealed plans to protect shareholder value and ensure future growth of the bank.
The Central Bank of Nigeria, CBN, at the weekend, disclosed that it had adopted the goal of ensuring efficient financial intermediation in supporting the real sector economic growth as part of its core strategy in the next phase of the financial system reform.
Unity Bank yesterday in Abuja unveiled a new corporate identity which the bank said was conceptualised to drive core values as teamwork passion, resourcefulness, excellence and integrity, which the bank is known for.
THE Fifth National Development Plan (FNDP) mid-term review report for the period 2006-2010 has revealed that the country's implementation of a number of factors during the first half of the plan contributed significantly to the general positive macro-economic environment.
AS Luanshya Copper Mine today kick-starts production 11 months after the mine's operations suddenly came to a halt, the town's residents from all walks of life have thanked the Government for ensuring that a suitable investor was given a chance to take over the mine after it was placed under care and maintenance.
Genting Casinos Limited, an indirect wholly-owned subsidiary of Genting UK plc which is an indirect wholly-owned subsidiary of Genting Singapore Plc, has been selected as the new operator of the casino at The Nile Ritz Carlton Hotel, Cairo.
Transport, Communications and Infrastructure Development Minister Nicholas Goche has expressed concern over reckless driving by motorists that has caused 122 deaths over five months this year.
IT is 3:30am on a humid Thursday morning at St Theresa's Hospital in Chirumhanzu District in the country's Midlands Province.
COAL output is expected to increase following the arrival of the first batch of dump trucks and excavators procured under a US$5 million loan facility between Hwange Colliery Company Limited and a South African mining firm.
THE mining sector is expected to grow by 40 percent by the end of next year, buoyed by increased output in gold and platinum.
DIVERSIFIED food manufacturer, National Foods Limited led gainers on the Zimbabwe Stock Exchange souring 1233,33 percent from US9c to US120c between February 19 and November 27 2009.
