Milo hot chocolate beverage maker, Nestle has released its Q1 earnings on the floor of the exchange. It reported a growth of 41% in headline revenue, up to N 29 billion from N 20.4 billion over the...

CDMA fixed-line operator, Starcomms just can’t seem to get it right. The company declared a revenue of N 20.2 billion in its 2011 audited FYE reports, down 31% from the N 29 billion it made in 2010....

Renaissance Capital is setting up a consumer finance business in Nigeria as the Russian bank hopes to tap the fast-growing economy’s rising middle class and diversify further from investment banking. The privately owned investment bank, which almost...

The 2012 budget places N 1 trillion in the hands of the executive arm of government for spending. How is the government spending this money? We see the renovations FAAN is making at airports across the country....

Nigeria plans to increase oil production capacity to 4 million barrels a day by 2020 and expand its crude reserves to 40 billion barrels, Petroleum Minister Diezani Alison-Madueke said. Africa’s largest oil producer also aims “in the years...

The Lagos State government has disclosed it has plans to develop an innovation fund focused on information and communications technology in order to promote enterprise amongst the populace, as well as strengthen its economic development. The Fund...

The management of FCMB Plc has terminated the employment of 30% of Finbank staff numbering 550 people. This is following the merger between the two banking brands and the resulting integration process. Speaking on the development, Mr....

President Barack Obama unveiled his “secret agenda” for a second term last night, vowing to “win the war on Christmas” and replace the former ban on gays serving openly in the military with a policy called “It’s Raining Men.”...

Fortunes are being made on the stock exchange by shrewd investors, especially those with a long term holding strategy.Why? Depressed stock prices are also guided by the law of economics – that is the business cycle- what...

The Fuel Subsidy probe has been a great avenue for Nigerian analysts and pundits to assess the political gem that is Tambuwal. Since 1960, Nigerians haven’t had that many leaders that stand out for good as opposed...