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  • SMEDAN congratulates Aliko Dangote

    THE Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Alhaji Mohammed Nadada Umar, has congratulated the Chairman of Dangote Group, Alhaji Aliko Dangote, over his rating as Africa’s richest man by Forbes, and the...

    • Posted March 26, 2011
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  • Oil prices tumble as Libya declares cease-fire

    Oil prices plunged at the weekend after Libya�s foreign minister declared a cease-fire and said the government would stop military operations against rebels. Foreign Minister Moussa Koussa announced the cease-fire Friday, shortly after the U.N. voted to...

    • Posted March 26, 2011
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  • Hillary, Bill Clinton canvass global access to Internet

    Former American president Mr. Bill Clinton has called for unabated access for all thus throwing his weight behind an earlier call by America�s secretary of states Mrs. Hillary Clinton said that she believes in the concept of...

    • Posted March 26, 2011
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  • India, Nigeria trade to peak at $12bn by year end

    The bilateral trade between India and Nigeria is expected to touch USD 12 billion in the current fiscal year, Commerce and Industry Minister Anand Sharma said. In 2009-10, trade between the two countries stood at USD 8...

    • Posted March 26, 2011
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  • Sierra Leone adopts Arik Air as national carrier

    The partnership between Arik Air and the Sierra Leonean government may have been taken up a notch further as country adopts Arik as the flag carrier. The partnership which will see Arik Air as Sierra Leone�s international...

    • Posted March 26, 2011
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  • ExxonMobil predicts huge oil production for W/Africa�s deepwater basin

    Just as the international crude oil market is jittery over supply concerns brought on by political instability in North Africa and Middle East, ExxonMobil says the West African deepwater sedimentary basins have potential for huge oil production....

    • Posted March 26, 2011
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  • Libya no-fly resolution keeps oil prices volatile

    OIL prices have fluctuated last Friday after the United Nations authorised a no-fly zone over Libya. Brent crude earlier rose above $117 a barrel after the resolution, but suddenly dropped more than $3 to around $113 a...

    • Posted March 26, 2011
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  • G7 countries agree on intervention to control yen rise

    THE world�s richest nations have carried out coordinated action in the currency markets to try to stabilise the Japanese yen. It is first time since 2000 that G7 countries have jointly intervened in the currency markets. The...

    • Posted March 26, 2011
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  • Interbank rates fall on budget disbursals

    INTERBANK lending rates eased to 9.25 percent on average last week from 9.83 percent the previous week after the disbursal of part of monthly budgetary allocations to government agencies, traders said last Friday. The secured Open Buy...

    • Posted March 26, 2011
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  • Naira recovers from 18-month lows

    THE Naira bounced from its weakest level in 18 months on Friday, buoyed by expectations that a government agency was about to make a large dollar sale, traders said. The naira strengthened to 155.80 against the dollar...

    • Posted March 26, 2011
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