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  • Porsche targets rich Nigerians’ love for luxury

    Nigeria’s super rich are no strangers to conspicuous consumption, and there’s no better way to flaunt your wealth than by buying a brand new European sports car. German carmaker Porsche officially opened a new car dealership on...

    • Posted March 20, 2012
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  • Arunma Oteh Calls House of Rep Committee’s Allegations “Frivolous” – Full Press Statement Inside

    Arunma Oteh and the Securities and Exchange Commission (SEC) have released a press statement in order to clear the air concerning the allegations of incompetence and graft levelled against her by the House Committee on Capital Markets....

    • Posted March 20, 2012
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  • Europe Commits N20 billion to Fight Corruption, Drug Trafficking in Nigeria

    The European Union (EU) has provided Nigeria with €98 million worth of funding commitments to help tackle corruption, drug trafficking and to boost the judicial system. The agreement was signed on Monday by the Minister of National...

    • Posted March 20, 2012
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  • Fed Govt Orders Review Of Double Taxation

    The Federal Government has ordered the Federal Inland Revenue Service (FIRS) to review Nigeria’s double taxation law regime. This is aimed at ensuring that tax treaties entered into would provide the maximum value for the country. The Co-ordinating...

    • Posted March 20, 2012
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  • Lagos-Ibadan railway to cost $1.5b – Idris Umar

    The Minister of Transport, Senator Idris Umar, yesterday said about $1.5billion is required for the modernisation of the Lagos-Ibadan Railway Line. He also said the Federal Government will review the Railway Act of 1955, which is about...

    • Posted March 20, 2012
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  • Nigerian Stock Exchange Watch: ASI Gains 1.13% as Bulls outperform Bears

    The Stock Market gained 113 points today due to an overwhelming outing of bullish performers successfully overcoming initial bearish sentiment. Dangote cement was up 285 points. Other blue chips trading in the green today included UAC (+5%)...

    • Posted March 19, 2012
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  • Carlyle Group launches new Private Equity fund for Africa, Aims for $500 Million

    About a year after it launched an investment team for sub-Saharan Africa, US-based private equity firm, The Carlyle Group, is raising a new fund focused on the region.  The Carlyle sub-Saharan Africa Fund comes hot on the...

    • Posted March 19, 2012
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  • KAINJI HYDRO STATION BACK ON NATIONAL GRID

    The Kainji Hydro Power Station is back on stream and delivering power to the national grid from its four available units that were shut down three days ago, Minister of Power, Prof. Bart Nnaji, announced this morning....

    • Posted March 19, 2012
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  • OTEHGATE: Shocking Example Of Government Corruption

    Like many other Nigerians, I was partly distressed and partly overjoyed when I watched the exchange of words between the SEC boss, Aruma Oteh and Herman Hembe, Chairman for the House Committee on Capital Markets. Honourable Hembe...

    • Posted March 19, 2012
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  • Goldman Sachs Muppetgate: A Lesson for Nigeria’s Corporate World

    Editors Note: This guest post is written by Michael Irene, he is a creative writing doctoral student at Anglia Ruskin University, Cambridge. I was drawn to the article “Why I left Goldman Sachs” by Greg Smith and...

    • Posted March 19, 2012
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