(CBS News) The Wall Street Journal is reporting that paperwork for the most anticipated initial public offering (IPO) in more than a decade – Facebook – could be filed this coming week, and it could mean as...

French president, Nicolas Sarkozy, is championing a new tax regulation that will impose a 0.1% tax on financial transactions. The European Commission proposed a tax of 0.1% on equity and bond transactions, and a 0.01% tax on...

Dangote Group, Nigeria’s leading business conglomerate has announced that its cement manufacturing subsidiary, Dangote Cement will be inaugurating its Ibese plant on February 9th. The plant is said to be the biggest in Africa with a capacity...

Flour Mills, a leading player in the Fast Moving Consumer Goods sector has concluded arrangements for the establishment of an edible oil manufacturing plant in Ibadan, Oyo state. The plant will have a daily capacity of 500...

A group of aviation exerts under the aegis Aviaton Round Table (ART) have called for the scrapping of the Federal Ministry of Aviation. During a recent meeting, the Chairman of the group, Captain Dele Ore stated that...

Diamond Bank has launched season 2 of Naija Diamonds, a documentary series focusing on 36 Nigerians and the impact their heroic exploits have on their communities and society-at-large. The vision behind this project is to show case...

President Goodluck Jonathan  has said that the removal of subsidy on petroleum is an economic necessity. He also said that Africa’s economic development will be more difficult to achieve without a free intra-African economic and trading system. The President...

The Federal Government will spend N2.11 trillion to service foreign and domestic debts and borrow about N2.6 trillion in new domestic debts over the next four years, according to government’s fiscal plan approved by the National Assembly. A...

The Nigerian Stock Exchange has started out the year on a promising note. Sure the All Share Index is only up marginally at less than a percent or 0.78% year-to-date (YTD). However there are signals that this...

The expansion and reconstruction of the Lagos-Ibadan Expressway, initially scheduled to start from Lagos, will now start at the Ibadan end of the road. Oyo State Governor, Senator Abiola Ajimobi, has welcomed the arrangement and offered to...