TO boost yield from oil palm and rubber plantations in the country, Okomu Oil Palm Company Plc has revealed plans to build the biggest oil mill in Africa.

The plan, which will see the company expanding its oil mill from a production capacity of...

Telecoms firm ready to disconnect unregistered SIMs

SEVEN weeks into its launch in Nigeria, the traffic generated by the Mobile Number Portability (MNP) scheme has not been significant, MTN Nigeria has said.

According to MTN, contrary to the...

THE Minister of Agriculture and Natural Resources, Akinwunmi Adeshina, said that the nation’s march towards economic diversification through agricultural rebirth would receive a new boost with the introduction of new entity in the cocoa...

THERE were indications that the nation’s rising debt profile may have raised serious concerns, as plans are now underway to reduce projected borrowing, while matured bonds are retired.

Specifically, Nigeria retired matured bonds worth N75...

IN what may be a step towards solving the lingering unemployment crisis identified in the country, the Federal Government has unfolded seven key sectors of the economy that could jumpstart and stimulate job opportunities.

The government...

WORRIED by the increasing number of non-nationals, especially Asians, in the retail segment of the economy, the Lagos Chamber of Commerce and Industry (LCCI), has called on government to revisit its protectionist policy in order to protect...

SHAREHOLDERS of United Bank for Africa (UBA) Plc have commended the board and management for the Bank’s sterling performance and dividend payment to investors during the financial year ended December 31, 2012.

The shareholders, who approved the...

Agele Alufohai is the President of the Nigerian Institute of Quantity Surveyors who holds the belief that the competitiveness in Nigeria’s economic structure is currently being undermined by mediocrity and corruption. In this interview with...

THE Infrastructure Bank Plc is to provide funds for the proposed $2 billion Lagos Red Line Rail Project that will commute two million passengers daily from Alagbado to Marina.

Hakeem Olopade, the bank’s executive director...

FORTY-SIX per cent of respondents to a recent survey  expressed their dissatisfaction on the present performance of Power Holding Company (PHCN) as regards provision of regular power supply in the country.

This has however confirmed the...

THE United Nations Development Programme (UNDP) Country Resident Representative in Nigeria, Mr. Daouda Toure, has said that climate change in form of extreme weather events, floods, production shocks, population growth, increasing global...

CHIEF Executive Officer of Pepperoni Foods Limited, a fast growing restaurant chain in the Niger Delta region, Mr. Eric Idogun, said the industry has the capacity to create millions of jobs for unemployed youths if operators are encouraged through...

TO combat the growing threat to technological development in Nigeria, an expert has canvassed an urgent development of national regulatory framework to secure the country’s cyber space. This is to protect the economy against cyber crime.

At a...

THERE is, frequently, a debate on whether the world could, one day, find a replacement for sweat crude. What is, however, not disputable is that the discovery of streams of non-conventional fuel will have enormous impact on the demand for oil and...