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  • GTBank, Zenith Announce Meeting to Consider 2011 Financial Statements, Dividend Payments

    GTBank has notified the Nigerian Stock Exchange that the Board of Directors of the Bank will meet on Wednesday, January 25, 2012 to consider the Audited Financial Statements for the financial year ended December 31, 2011. The...

    • Posted January 19, 2012
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  • Oil Prices May Slump in 2012 says Paris based IEA

    Demand for oil in 2012 is likely to fall on the back of several drivers across the globe. Firstly Europe is expected to encounter a difficult financial crisis, leading to a global recession. Secondly tensions in the...

    • Posted January 19, 2012
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  • Ecobank acquires The Trust Bank Ghana

    Ecobank Transnational incorporated Plc yesterday disclosed to the Nigerian Stock Exchange its acquisition of a 100% OF The Trust Bank Ghana Limited. According to the statement, “Under the terms of the transaction, which was approved on 9...

    • Posted January 19, 2012
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  • Nigeria paid close to N 670 billion for smuggled fuel – Investigation

    The ad-hoc Committee investigating the Petroleum Subsidies saga continues to unravel one bombshell after the other. The lastest discovery is that Nigeria over-imported petrol on a daily basis to the tune of 24 million litres in 2011,...

    • Posted January 19, 2012
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  • FEC Earmarks N 363 million for Mineral Resources Audit

    The Federal Executive Council (FEC) during its meeting yesterday earmarked N 363.6 million to be provided to two independent auditing firms for the audit of the oil and gas and solid mineral resources sectors of the economy....

    • Posted January 19, 2012
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  • Yahoo co-founder Jerry Yang resigns

    Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling...

    • Posted January 19, 2012
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  • Nigerian Stock Exchange Watch: Market Retreats Marginally

    The Nigerian Stock Exchange retreated from its gains yesterday as the All Share Index declined by 0.35%. The Index closed at 20,997.88, driven by a bearish outing from the breweries sub-sector. Guinness and Nigerian Breweries shed 3.19%...

    • Posted January 18, 2012
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  • Afren Strikes Oil again

    Afren a leading independent oil and gas exploration and development company has announced a new oil discovery at its Okoro East Exploration Well, located in the South Eastern part of Nigeria. Below is the full media statement...

    • Posted January 18, 2012
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  • FCMB Forecasts Q1 Earnings of N24.5 Billion

    First City Monument Bank (FCMB) an international banking group based in Lagos Nigeria has released its Q1, 2012 earnings forecast on the floor of the Nigerian Exchange. The formidable banking group pioneered by Otunba Michael Subomi Balogun...

    • Posted January 18, 2012
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  • Customs Boss reveals how NNPC aids Smuggling to other West African Countries

    The Nigerian National Petroleum Corporation (NNPC) is increasingly appearing to be a cesspit of corruption, fraud and malfeasance, mortgaging the welfare and livelihood of virtually every single Nigerian for the benefit of a handful of unscrupulous and...

    • Posted January 18, 2012
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