Mallam Lamido Sanusi was the guest speaker at the London School of Economics at the annual Sir Patrick Gillam Lecture Series on Monday. The CBN governor delivered a lecture entitled, “The Global Crisis and the Nigerian Economy:...

The Nigerian Stock Exchange breathed a sigh of relief in the session today, coming up for air after drowning into decline for over a week. The All Share Index gained 13 points today to close at 20,625.56,...

Driving around Lagos on a normal weekday always makes my blood pressure rise a little. I keep asking myself what all these people are doing on the streets. They all look very busy and focused but if...

THE ASSOCIATED PRESS — FARGO, N.D. – A Canadian man accused of masterminding one of the largest high-tech bank robberies in U.S. history was sentenced to nearly 18 years in prison Monday following a years-long investigation into...

The Nigerian Liquefied Natural Gas (NLNG) and the Nigerian National Petroleum Corporation (NNPC) are seeking international debt financing to finance part of their operations in 2012. NLNG is seeking over $ 1 billion to finance the acquisition of new...

According to a report based on a poll conducted by the Economist Intelligence Unit (EIU), more than 50% of foreign investors including hedge funds, pension funds and private banks see Africa as the most attractive investment destination...

According to the minister of Power, Barth Nnaji, Nigeria is set to see a boost in electricity generation, about 3,300 Mega Watts, from new Independent Power Projects (IPPs) within the next two years. Te minister also disclosed...

Following its securing of approval from the Security and Exchange Commission (SEC), Union Bank has extended its right application to February 10th 2012. The Rights Issue was slated to terminate on January 20th, however the bank was...

Apple Inc, the company with the largest cash reserves in the world, topping $100 billion has done it again. The company released its Q1, 2012 earnings yesterday, beating analysts’ forecasts by a long shot as it recorded...

The Nigerian Stock Exchange is proving old habits die hard. The market closed the session yesterday down by 0.41%. The All Share Index settled at 20,598.67, bringing the weekly performance to -2.25% and the year-to-date performance to...