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  • CBN May Devalue Naira to 155-156 Per Dollar – Sanusi

    Nigeria’s central bank may lower its official target for the naira to 155-156 per dollar and aim to keep it stable around that level over the next year, Governor Lamido Sanusi said. “We think at this point...

    • Posted October 31, 2011
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  • Nigerian Stock Exchange Extends To 5th Day of Gains

    The Nigerian Stock Exchange has increased its four day consecutive winning streak by one today, as it inched up marginally by 15 basis points bringing the All Share Index to 20,934.96. The performance in the banking sector...

    • Posted October 31, 2011
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  • UACN Posts 3Q Results, Net Profit Up 9%

    UACN Plc, Nigeria’s leading and most diversified conglomerate reported its 3Q earnings today. Gross Earnings were up 20% from N 37 Billion in 3Q 2010 to N 44.6 Billion at the end of September. Profit Before Tax...

    • Posted October 31, 2011
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  • Total Nigeria Plc To Pay Interim Dividend

    Total Nigeria Plc will be making an early Christmas gift available to its equity investors. The company has announced payment of an interim dividend of N 2.00 per share. Total also recently declared its 3Q 2011 earnings...

    • Posted October 31, 2011
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  • After Siasia, who’s next?

    The Technical Committee of the NFF finally decided to make Samson Siasia history last Friday. After a meeting that lasted a couple of hours, the Committee decided it was best to sack Siasia, as he failed to...

    • Posted October 31, 2011
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  • Dangote Group Subsidiary Nascon Reports 3Q Results

    A subsidiary of the Dangote Group, National Salt company of Nigeria (NASCON) has released its tird quarter earnings, declaring a profit for the 9 months ending September 2011. The company reported a growth in revenue of 11%...

    • Posted October 31, 2011
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  • ILO Calls on World Leaders To Create Employment Or Face Social Unrest

    The International Labour Organization has released a new report warning global leaders of the dangerous effects that growing global unemployment coupled with economic crisis may have on their regimes. The report entitled World of Work Report 2011,...

    • Posted October 31, 2011
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  • Australian Companies to Explore Nigerian Market

    Rio Tinto, along with 10 other Australian companies, have been made part of an Australia-Nigeria Trade and Investment Council to look into possible investment opportunities in Nigeria’s mining, agriculture and financial services sectors. Employees are seen at Rio Tinto Limited Shanghai Representative Office...

    • Posted October 31, 2011
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  • Shell Nigeria Awards $47 Million Line-Pipe Contract To Nigeria’s SCC

    Shell Petroleum Development Co. of Nigeria Ltd. has awarded a contract for line pipes worth over NGN7.8 billion ($47 million) to SCC Nigeria Ltd., a Shell spokesman said Monday. Tony Okonedo, Shell’s Corporate Media Relations Manager, said...

    • Posted October 31, 2011
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  • Nigerias-oil-industry
    Meet The Mysterious Trading Firms Who Control The Price Of Commodities

    Welcome to the real world of commodities trading. Home to firms like Vitol and Trafigura, who trade more oil than Saudi Arabia and Venezuela can produce. In a new report, 18 Reuters’ reporters and editors profiled 16 giant...

    • Posted October 31, 2011
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