Ecobank having recently completed its merger with Oceanic bank has announced the termination of an undisclosed number of staff, whilst also announcing the promotion of its best performing employees numbering about a thousand. A statement released by...

The level of competence being displayed by the public officials in charge of managing our national resources leaves much to be desired. From an inability to account for crude oil allocations, subsidy payments and over-payments and more, one has...

The Senate Committee on Public Accounts has rendered null the KPMG report on NNPC, citing a provision in the Constitution. Section 85 (3) of the 1999 Constitution states “Nothing in subsection (2) of this section shall be...

Every GSM subscriber in Nigeria is usually harassed by text messages from his or her network carrier concerning one promotion or the other. For instance on Valentine’s Day, operators sent several unsolicited text messages throughout the duration...

The Nigerian National Petroleum Corporation failed to respond to the queries raised over the the execution of its 2011 budget, as it was unable to give relevant  answers on how it spent the $8.722bn (about N1.35tn) approved...

The market took a beating today driven primarily by losses sustained in Dangote Cement, which is the Exchange’s most capitalized stock. Institutional sales led to the stock losing the full 5% allowed and this in part led...

DAMAC a leading property developer in Dubai with a wide customer base in Nigeria has put together a special package in order to lure Nigerians to invest in the World’s fastest growing and most respected property market....

The National Assembly Committee on Appropriation’s announcement yesterday discovered how some federal Government Ministries Department and Agencies secretly included an illegal over N1trillion projects into the N4.7trillion fiscal estimate. Following this, the alleged smuggled items into the...

The Nigerian Stock Exchange (NSE) last week listed N4.6 billion bonds floated by Tower Funding Plc on its daily Official list.   The bonds, series one tranche A and series one tranche B, were raised by Tower...

The African Development Bank said on Tuesday that lack of adequate financial and technical requirements was why many Nigerian contractors hardly qualified for contracts awarded by it. Nigeria is ADB’s largest shareholder, while the bank is currently...