The Oando/Eni Consortium, which has the mandate to build own and operate a natural gas central processing facility in the Central Franchise Area at Obiafu, Rivers State, under the Nigerian Gas Master Plan, is preparing an investment...

The United Bank for Africa (UBA) Plc Wednesday unveiled its ‘Gift for Life’ scheme which it said was geared towards providing its customers with the opportunity to save as well as to enhance insurance penetration in the...

President of the Institute of Software Practitioners of Nigeria (ISPON) Dr Chris Uwaje,  has said that it is strategically imperative for the Federal Government to declare a state of emergency for the mandatory development, acquisition, patronage, application...

Brymedia Consortium, the third place winner of the privatisation bid to acquire the assets of Nigerian Telecommunications Ltd NITEL and its mobile subsidiary Mtel,  has started making preparations in the likelihood that it might be called upon...

The Nigerian equities market retreated at the close of business Wednesday as anxious investors rush to take profit following seven days of continuous rally. The market had between Monday and Tuesday this week added a total of...

Concerned that the violence,  which erupted after Saturday’s Presidential election may push up demand for foreign exchange in the country, the Central Bank of Nigeria (CBN) Wednesday increased its supply of foreign exchange at the Wholesale Dutch...

NAHCO Aviance Plc has declared  an expenditure of $7.5 million in the last two years on next-generation ground support equipment, with an additional $13 million to be invested in the coming months. This is coupled with N17...

Egypt needs help financing its budget deficit and has discussed obtaining as much as $6.2 billion in soft loans from the World Bank and the International Monetary Fund, Finance Minister, Samir Radwan said. Egypt, whose economy is...

CONTRARY to expectation that banks’ recapitalisation would boost money in circulation to the extent of providing loanable funds for housing development, the reformation only opened up the decay that characterised the banking and financial sector over the...

The Swiss government pushed ahead on Wednesday with plans to make UBS (UBSN.VX) (UBS.N) and Credit Suisse (CSGN.VX)(CS.N) reach tough new capital standards, saying the benefit to the economy outweighed costs to the banks. As it finalised...