Don't Miss


  • Savannah and Societe Generale Banks May Face Nationalization By NDIC

      Stakeholders in the banking industry had dispute over the deadline given by the Nigerian Deposit Insurance Corporation to the management of Savannah Bank Limited and Societe General Bank Nigeria Limited to open for business on or...

    • Posted November 20, 2011
    • 0
  • N15b Donation to Egbin Power Plant

    The Federal Government provided N1.5 billion for the overhaul of unit six at the Egbin Power Plant so that the plant can work effectively. Prof. Barth Nnaji, the Minister of Power said the approval was in response...

    • Posted November 20, 2011
    • 1
  • Freight Forwarders Advocates For 1% FOB Professional Fee

    Freight forwarders have advocated for one per cent of freight on board (FOB) as professional fee for practitioners as a measure to end decades of fraudulent practices involved in clearance of goods at the nation’s ports. Hence, it is the Federal Government that is...

    • Posted November 19, 2011
    • 0
  • PHCN workers to resume work

    The Nigerian Labour Congress (NLC) has directed protesting workers of the Power Holding Company of Nigeria (PHCN) to resume work immediately. This was arrived at after a meeting, which the Congress held with the National Union of Electricity...

    • Posted November 19, 2011
    • 0
  • FAAC Meeting Over Subsidy Yet Unresolved

    For the second time, the Federation Account Allocation Committee meeting, which was convened to consider statutory revenue for the month of October with a view to allocating same to the three tiers of government, ended in a...

    • Posted November 19, 2011
    • 0
  • News Flash: Ikeja Hotel Plc Notification of AGM

    Ikeja Hotel Plc notified the Nigerian Stock Exchange today of its intention to hold its Annual General Meeting (AGM) next month. The venue will be the Sheraton Lagos Hotel at No. 30 Mobolaji bank Anthony Way, Ikeja,...

    • Posted November 18, 2011
    • 0
  • Nigerian Stock Market Watch: Market Cap Shed N36 Billion

    The Nigerian Stock Market shed N 36 Billion of its market capitalization this week. Across consumer goods, the Dangote subsidiaries of flour and sugar consolidated on previous day gains, appreciating by 4.99% and 4.96% apiece. Another Dangote...

    • Posted November 18, 2011
    • 1
  • Facebook Employees Go Nuts As Zuckerberg Tells Them The IPO Is Coming

    A source close to Facebook employees emailed us yesterday to say that the rumor flitting from employee to employee is that “a Facebook S1 filing is coming really soon.  Possibly as soon as next month.” “The IPO talk inside...

    • Posted November 18, 2011
    • 0
  • Liverpool pip Chelsea to Nigerian Teenage Sensation, Oluwaseyi Ojo

    Kenny Dalglish has sealed a major transfer coup as Liverpool have beaten Chelsea to Oluwaseyi Ojo’s signature. The 14 year old who played for MK Dons, before now look set to join Chelsea, who had reportedly agreed...

    • Posted November 18, 2011
    • 0
  • Liquefied Petroleum Gas, A Better Alternative to Kerosene

    The Nigeria Liquefied Petroleum Gas Association (NLPGA)  has called  on the Federal Government  to  promote the usage of    liquefied petroleum gas (LPG), otherwise known as cooking gas,    by introducing  ‘kerosene to LPG conversion programme’ in the country....

    • Posted November 18, 2011
    • 0