Analysts and critics and stakeholders are evaluating budget 2012.  The budget which is expected to usher in transformation is very short on capital expenditure which constitutes 28% of the budget. A chunk of budgeted sums will be...

The Nigerian Stock Exchange retreated after two consecutive days of marginal gains. The ASI recorded a marginal loss of 11 points to close at 19,849.31. The banking sub-sector was led by Stanbic IBTC as the stock consolidated...

Several quoted companies released their earnings forecast on the Nigerian Stock Exchange today. They include:   Company Revenue/Gross Premium Net Income Period Leventis Nigeria Plc N 5.7 Billion N 185 Million Q1 2012 (March) Continental Reinsurance N...

Union Bank has begun issuing 1.4 billion ordinary shares at N 6.81 to existing shareholders as part of a planned rights issue that already has SEC approval. This comes after the House Committee on Capital Markets asked...

Skye Bank Plc has announced the appointment of Mr. Babajide Tajudeen Agbabiaka as a non-Executive Director of the Bank. Mr. Babajide Agbabiaka is a 1973 Geology graduate of the University of Ibadan. His career spans over 30 years...

Over a thousand people witnessed the grand opening of the $100 million Ikeja City Mall today, one of the biggest malls in the West African sub-region. The mall, located in Alausa, Lagos, southwest Nigeria is built by...

Goldman has a new report out on The BRICs countries after 10 years, and how global markets will continue to evolve. Remember, the BRICs are Brazil, Russia, India, and China — the four countries identified 10 years...

In the midst of the news about the EU crisis, it’s worth pointing out that oil prices have quietly crept back over $100 a barrel. West Texas Intermediate is $102 as I write. Brent crude, which many...

Federal government has set up SURE (Subsidy Reinvestment and Empowerment Programme) as a tool to ensure that the money realized from fuel subsidy removal get to targeted infrastructural and others project aimed at alleviating the impact of...

Tonight is just like those that gets me pissed with myself. It is because PHCN has beaten to the game with power outage. I had made some masterstrokes and when I was beginning to build on that...