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  • Access Bank To Finalize Intercontinental Merger BY March 2012, Increase Its Share Capital

    In a statement released on the Nigeria Stock exchange today, Access Bank has signaled it will complete its integration of Intercontinental Bank by March, way ahead of the “18 to 24 months” earlier envisaged. “The Bank has...

    • Posted December 6, 2011
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  • Nigerian Entrepreneur and Indonesian Conglomerate Sign $ 1 Billion MOU with Government

    Britain based Nigerian entrepreneur Ladi Delano and Indonesian conglomerate Barkie Group has announce a Joint Venture focused on investing approximately $ 1 Billion or N 163 Billion in the Nigerian economy. The joint venture pegged Bakrie Delano...

    • Posted December 6, 2011
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  • Sock Market Watch: ASI Yoyos Below 20,000 Threshold Once Again

    The Stock Market has continued its yoyo like ascent and descent around the 20,000 mark. The market fell in today’s trading by 32 points as the All Share Index closed at 19,951.13. Market Capitalization fell by N20.31...

    • Posted December 6, 2011
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  • New Regulation Gives Nigerian States Right to Generate and Distribute Electricity

    The 36 Nigerian state governments  will next month get the statutory right to generate and distribute electricity from their domain. Chairman, Nigeria Electricity Regulatory Commission (NERC), Dr. Sam Amadi, disclosed this yesterday in Abuja at a stakeholders’...

    • Posted December 6, 2011
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  • Nigerian Roads And The Odious Ranking

    A report by the United Nations has ranked Nigerian’s roads as the second worst road globally. For decaying road infrastructure, we have invited the odious ranking as 191 out of 192 countries of the world’s unsafest roads....

    • Posted December 6, 2011
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  • NCC: Another Round of Test And Dwindling Service Quality

    GSM subscribers have continued to suffer the perennial problem of poor quality service.  It might seem a gang up as the big three makes life difficult for subscribers who toil daily to meet high subscription fees and...

    • Posted December 6, 2011
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  • Naira Firms Up on Interbank Market

    The Nigerian Naira gained as much as 0.1% on the interbank market today as speculation was rife that oil majors sold dollars to the market. The Naira had fallen after the auction last week as increasing demand...

    • Posted December 5, 2011
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  • Stock Market Watch: ASI Gains 26 Points

    The Nigerian stock market saw a reversal of its fortunes today as the ASI gained 26 points to close a t 20,015.66. The breweries sub-sector of the consumer goods sector led the market today as two participants,...

    • Posted December 5, 2011
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  • Capital Markets Regulation: All Talk, No Action As Fortunes Dwindle

    As the fortunes of the market continue to dwindle pushing the ASI below the 20000 threshold to levels of lows not seen for close to a decade, capital market regulators must begin to ask themselves painful questions....

    • Posted December 5, 2011
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  • AirTel Apologizes Over Service Disruptions, Claims $ 600 Million Investments

    Airtel Nigeria apologized to its over 16 million subscribers for a service disruption it experienced on Saturday as construction activities damaged its cable network. A statement released by the Top 3 Telecom company stated, “Airtel Networks Limited...

    • Posted December 5, 2011
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