A receipt obtained by THE PUNCH on Tuesday revealed how the Director-General, Securities and Exchange Commission, Ms. Arumah Oteh, allegedly spent the sum of N850,000 at the Transcorp Hilton Hotel, Abuja. There were, however, discrepancies in the figures on...

Editors Note: This guest post is written by Aretha Dadzie The so called SEC probe has sure generated a lot of heat with accusations trailing back and forth as to who did what. My concern however is the impact...

The country’s foreign exchange (forex) reserves have improved by 9% since the beginning of the year. The forex reserves now stand at $35.43 billion (as at March 14th, 2012), up from $32.64 billion at the end of...

An internal investigation is also underway at SEC to discover who the mole is that continually provides Herman Hembe with internal correspondences. Herman Hembe, who up until he disqualified himself yesterday was, the House Committee Chairman on...

The Market succumbed to the bears due to selling pressure on some of the bourse highly capitalized stocks including Zenith Bank (-0.76%), Access (-1.83%), First Bank (-4.13%) and Guinness (-1.23%). The All Share Index fell 0.26% to...

First City Monument Bank Plc has announced a net loss of N9.9bn for the full year ended December 31, 2011. The bank’s profit after tax, which stood at N7.9bn in December 2010, fell by 225 per cent...

The Federal, state and the local government areas in Nigeria will share the sum of N621 billion for the month of February, 2012. This was disclosed by the Minister of state for finance, Yerima Ngama after the...

Information recently released by the National Bureau of Statistics (NBS) indicate that inflation fell in the month of February. The Consumer Price Index (CPI) was recorded at 11.9% as against 12.6% recorded in January. The partial removal...

The Nigeria Internet Group has declared open the “Internet for Jobs” initiative designed to explore the potential of the Internet to create jobs for the people. It is also aimed at transforming the country into a knowledge...

Dangote Cement is to begin operating a subsidiary in Liberia within the next six weeks. The subsidiary named Dangote Cement Liberia will receive a capital injection of $35 million from the parent company in Nigeria. These details...