European Finance Ministers reached an accord to provide € 130 billion in aid to Greece in order to ensure the country can continue, at least over the short-term, to meet its debt obligations instead of defaulting on...

Equity markets across Europe and in America have continued their rebounding streak, thanks to the approval of a second bail-out for Greece. The German DAX was up 1.46% as of 12:30 Eastern time, yesterday. Also the Stoxx...

The head of Nigeria’s state oil company on Monday said corruption within NNPC was overblown, casting doubt on whether the firm intends to tackle what several reports have highlighted as a major problem. Numerous reports and audits...

The Bureau of Public Enterprises (BPE) has rescheduled the sale of the 17 PHCN successor companies till October 2012. This marks the second time the Bureau will postpone the sale,  as they were originally slated to be...

Although it was a close call, the bears won the tug of war in the banking sub-sector beating the bulls (6 losers to 5 gainers). Banking stocks in the green today included UBA Plc (+4.76%) which continues...

Headline Inflation in the country rose sharply to 12.6% in January, according to a report published by the Nigerian Bureau of Statistics (NBS) today. This did not take anyone unawares as it was an expected economic shock...

The Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi has been sued by two  Non-Governmental Organisations groups, the Socio-Economic Rights and Accountability Project (SERAP) and Women Advocates Research and Documentation Centre (WARDC) over an alleged...

Iran halted crude sales to French and British buyers to pre-empt a European Union ban on imports of its oil, just as OPEC’s second-biggest producer negotiates supply contracts with China. Iran “will give its crude oil to new...

A leading broadband provider in the country, Main One Cable Company, has rewarded some of its distrubutors with one month complimentary broadband capacity. The company, in statement on Monday, said the  affected distributors were members of its...

Chellarams Plc last week raised  N540 million through bond issuance  meant to  replace infrastructure and  invest in its associated companies. The bond, which was approved by the Securities and & Exchange Commission (SEC) is the Series 2...