Nigeria’s emerging middle class which is put at 38million strong is a huge attraction for investors. It has led to an increasing number of new modern shopping malls that are sprouting in the major cities of the...

The Nigerian Stock Market closed the week on a very bullish note, in what is hopefully a sign of things to come for the hitherto battered market. The All Share Index inched up 1% or 100 basis...

Prestige Assurance announced its unaudited 3Q, 2011 results on the floor of the exchange today. The company recorded a 3% increase in Gross Premiums written that sttod at N 3.24 billion at the end of September as...

The naira appreciated for the first time in four days against the dollar on bets that the central bank and some oil companies sold the U.S. currency. The currency of Africa’s biggest oil producer gained 0.3 percent to 162.20 per...

Consolidated Breweries, manufacturers of popular 33 beer has secured approval to commence a rights issue of 99,140,625 ordinary shares valued at 50 kobo each. The company received approval from its shareholders to go ahead with the issue...

Contrary to speculation that President Jonathan and his economic team have already removed the subsidy, it appears this may not actually be the case. During a media briefing in Abuja yesterday, Dr. Iweala, the coordinating Minister of...

Governor of Akwa Ibom, Godswill Akpabio, has said that the deep seaport to be cited at Ibaka near the state’s capital, Uyo would create over 100,000 jobs for the country’s largely unemployed population. The governor who disclosed...

United Bank for Africa ( UBA ) and Stanbic IBTC have announced partnership arrangements to run their mobile money services on the Globacom network. The partnership will allow the two banks to leverage the robust Glo fibre...

It is been over two decades since Lagos Business School came into being. LBS is business management arm of Pan African University in Lagos. When Post graduate education was reeling in decay, LBS emerged to rescue and...

THERE were strong indications yesterday that the Presidency is set to implement the recommendations of the Senate Ad-hoc Committee on Privatisation on the sordid sales of some firms. But tension is building up in the Senate over the...