Don't Miss


  • Failed Multi-Link transaction in Nigeria cost Telkom R7bn

    South Africa Communications Minister Roy Padayachie says that Telkom’s failed Multi-Link transaction in Nigeria has cost the company over R7 billion. He was responding to a written parliamentary question by the Democratic Alliance’s Niekie van den Berg,...

    • Posted July 25, 2011
    • 0
  • NSE restructures secondary market, Sectors reduced from 33 to 11

    THE Nigerian Stock Exchange (NSE) last week said it had concluded arrangements to embark on an intensive restructuring of the secondary segment of the capital market. From the current 33, the number of sectors has been reduced to...

    • Posted July 25, 2011
    • 0
  • Tam David-West blames problems of refineries on saboteurs

    A former Nigerian Minister of Petroleum, Professor Tam David-West, has called on the Federal Government to identify those persons who have sabotaged the operations of the refineries in the country. David-West told journalists on Thursday in Port...

    • Posted July 24, 2011
    • 0
  • Afren prepares Africa drilling spree

    Pan-African independent Afren plans to participate in wells in wide-ranging basins offshore West and East Africa. In Cote d’Ivoire’s offshore C1-01 concession (Afren 65%), technical evaluation of the Kudu field has been completed. This follows earlier studies...

    • Posted July 24, 2011
    • 0
  • Court orders IG to arrest Fidelis and Noel Anosike

    A Lagos High Court in Ikeja on Thursday issued a bench warrant on Directors of Folio Communications Limited, Mr. Fidelis Anosike and Mr. Noel Anosike, and ordered the Inspector General of Police (IGP), Mr Hafiz Ringim, to...

    • Posted July 24, 2011
    • 1
  • Diageo to invest N55 billion in Guinness Nigeria

    Diageo plc (LON:DGE), the brewing giant, announced that it has partnered with Guinness Nigeria to invest N55 billion in Nigeria to expand its brewing capacity. The new investment will be used to upgrade the existing facilities and...

    • Posted July 24, 2011
    • 0
  • GTBank Advances Most in Four Months on Stake Sale

    GTBank, Nigeria’s second-biggest lender by market value, rose the most in four months after saying it would sell its stake in Guaranty Trust Assurance Plc (GTASSURE) for 11.9 billion naira ($78.1 million). The stock gained 69 kobo or 4.9...

    • Posted July 24, 2011
    • 0
  • NCDMB – Nigerian Content Development and Monitoring Board to Adopt Brazil Oil Model

    NCDMB – Nigerian Content Development and Monitoring Board has entered into a knowledge exchange initiative with Brazilian National Oil Company, Petrobras in its bid to further the development of local content and employment in Nigeria’s oil and gas...

    • Posted July 22, 2011
    • 0
  • Asia to Buy 49 Cargoes of West African Crude for August Loading

    Asian refiners plan to buy 49 cargoes of crude from West Africa for loading next month, a survey of five traders involved in the transactions showed. Shipments totaling 46.7 million barrels, or 1.51 million barrels a day,...

    • Posted July 22, 2011
    • 0
  • Templeton Frontier Markets Fund launched

    Franklin Templeton Investments Corp. launched today the Templeton Frontier Markets Fund, a first-of-its-kind emerging markets fund to be managed by investing guru Mark Mobius and his team. The fund will invest at least 80 per cent of its...

    • Posted July 22, 2011
    • 0