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  • New Electricity Tariffs Coming Next Month

    As part of the ongoing reform in the power sector, a new electricity tariff, which targets an increase of between 50 and 100 per cent to the current tariff, will be out by next month, contrary to...

    • Posted January 20, 2012
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  • Goldman Sachs Employees Share 8 Billion Sterling in Bonuses, Down from Last year

    Goldman Sachs‘ total pay packet including bonuses was 21 per cent lower than in 2010, with staff earning an average of £239,000 each. However, the American investment bank, which employs 33,300 people, 5,300 in the UK, saw...

    • Posted January 20, 2012
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  • Sectorial Breakdown of Losses Strike Caused the Economy -National Bureau of Statistics

    The National Bureau of Statistics released an in-depth report on its website in order to account for the losses the Nigerian economy experienced during the nationwide strike that lasted just over a week. According to the NBS,...

    • Posted January 20, 2012
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  • CSCS introduces New Pricing Regime

    The Central Security Clearing Systems has introduced a new fee regime for its services. According to a circular on its website entitled, REVIEW OF CSCS PRODUCT/SERVICE CHARGES EFFECTIVE, the new fees are payable on transactions from January...

    • Posted January 20, 2012
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  • Beyond PHCN, Power Minister makes bold Transformation Moves

    The Minister for Power, Professor Barth Nnaji, has been a busy man. Beyond the mere rhetoric and lip service applied by many government ministers in bringing about transformation, the Professor has gone a step further in order...

    • Posted January 20, 2012
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  • EFCC Joint Task Force Ends N 151 billion Pension Fraud

    A joint task force of forensic experts from the Economic and Financial Crimes Commission (EFCC) and the Pensions Reform Task Force has revealed a N 151 billion fraud ongoing in pension offices across the country. The Chairman...

    • Posted January 20, 2012
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  • FG to raise up to N 240 billion in Sovereign Bonds during Q1, 2012

    The Federal Government has revealed through the Debt Management Office (DMO) that it intends to raise up to N 240 billion from the capital markets in Q1, 2012. The DMO will seek to raise between N 129.75...

    • Posted January 20, 2012
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  • Nigerian Stock Exchange Watch: Bearish Sentiments Linger

    The Nigerian Stock Exchange has declined for the second straight day on the back of a bearish showing put on by the financial services and consumer goods sectors. The All Share Index retreated to 20,913.21, bringing the...

    • Posted January 19, 2012
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  • Inflation Falls Unexpectedly in December

    In an unexpected development, the Consumer Price Index (CPI) declined in December to 10.3% from 10.5% in the preceding month. This was unusual as the routine hike of prices during the festive periods usually pushes the CPI...

    • Posted January 19, 2012
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  • Chevron Oil rig workers presumed dead, Efforts on to Drill Relief Well

    Chevron Corp. says it has ended its search for two workers who went missing in a fire on an offshore rig near Nigeria’s coast. Chevron said in a statement Thursday it extends its condolences to the families...

    • Posted January 19, 2012
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