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  • Guber Polls: Nigerians Urged to Vote for Economic Devt

    Nigerians have been reminded that their votes are  determining factor in the pattern of development the country would witness in the next four years. The  Special Adviser to the President on Relations with Civil Society, Chineme Ume-Ezeoke, ...

    • Posted April 24, 2011
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  • NSE: Ikazoboh, Stockbrokers Face-off Deepens

    The leadership crisis rocking the Nigerian Stock Exchange (NSE) took a different dimension last week on the trading floor of the Exchange when brokers refused to accept that the Interim Administrator, Mr. Emmanuel Ikazoboh, be introduced before...

    • Posted April 24, 2011
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  • Low Offer Linked to FBN, Oceanic Merger Failure

    Fresh insight into why the planned acquisition of Oceanic Bank International Plc by First Bank of Nigeria Plc failed to scale through emerged at the weekend, with a source blaming the disagreement over the offer made by...

    • Posted April 24, 2011
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  • Amid Scarcity, Cement Producers Post Bumper Profits

    Indications emerged last week that the unabated shortage of cement products and its correspondent exorbitant price are raising the profitability of local manufacturers, which are alleged to have conspired to frustrate calls for higher importation as a...

    • Posted April 24, 2011
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  • Bank losses drag down indices by 1.2%

    Heavy losses recorded by banks’ shares, especially those of the rescued banks on Thursday, impacted negatively on trading activities on the Nigerian Stock Exchange. Specifically, the major market indicators shed 1.2 per cent each with the market...

    • Posted April 23, 2011
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  • Spike in fuel prices erasing airline profits

    Soaring jet fuel prices are wiping out profits at the nation’s biggest airlines. The world’s biggest airline company, United Continental Holdings Incorporated, said on Thursday that it lost $213m in the first three months of the year...

    • Posted April 23, 2011
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  • Exchange row threatens market confidence

    The positive trading recently recorded at the Nigerian Stock Exchange (NSE) may be reversed following the quarrel between Ndi Okereke-Onyiuke, director general of the Exchange, and some aggrieved AP shareholders, some market operators have said. The exchange...

    • Posted April 23, 2011
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  • Central Bank may sack staff

    Lamido Sanusi, the CBN Governor has stated that some officials whose responsibility it was to raise the flag when things were going wrong in the banks cannot be absolved from blame for the crisis that eventually overwhelmed...

    • Posted April 23, 2011
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  • Strong oil prices trigger fear of fiscal indiscipline.

    Analysts have warned against financial indiscipline in the corridors of power. Speaking against the backdrop of the increase of the benchmark for oil price in the budget last week, they cautioned against fiscal indiscipline. According to Yvonne...

    • Posted April 23, 2011
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  • Central Bank to curb currency speculation

    As part of efforts to reduce pressure on the naira, the Central Bank of Nigeria (CBN) will today commence the sale of foreign exchange forwards. The sale was supposed to have commenced last Tuesday but had to...

    • Posted April 23, 2011
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