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  • Earnings Analysis: Diamond Bank’s N 11.2 billion Loss in 2011

    Diamond Bank recently reported an N 11.2 billion loss reflecting a difficult operating environment in 2011. The loss was primarily due to the fact that the company had to increase it provisions for losses by 93% to...

    • Posted April 2, 2012
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  • NDIC Pays N 2 billion to Compensate 71,000 MFB Depositors

    The Nigerian Deposit Insurance Corporation (NDIC) has concluded plans to disburse N 2 billion to 71,000 depositors in over 103 failed microfinance banks across the country. Alhaji Umaru Ibrahim, Managing Director of NDIC, disclosed this over the...

    • Posted April 2, 2012
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  • Why Jonathan refused to sign 2012 budget, Budget committees to meet this week

    “BusinessNews” gathered authoritatively that the President discovered some technical errors in the document. Budget Office and National Assembly committees may meet this week to look into the document and make necessary corrections. It will be recalled that...

    • Posted April 2, 2012
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  • JMR Infotech expands reach through its new office in West Africa

    Nigerian arm demonstrates the company’s expansion into key emerging markets JMR Infotech, formerly known as TRASSET Services Group, on 26 March, 2012 announced the opening of its subsidiary in Nigeria, West Africa, as part of the company’s...

    • Posted April 2, 2012
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  • President Jonathan Violated Code of Conduct Act in Accepting Gift from Gitto

    President Jonathan has come under fire from anti-corruption watchdogs for accepting a gift from a major construction company, Gitto Costruzioni Generali Nigeria Ltd. Gitto is an Italian owned company that grew from marble supply  in the late...

    • Posted April 2, 2012
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  • The Path To Financial Independence

    One day I hope to take that dream vacation. First on my list is a tour in Europe’s finest cities, starting from the western cities of London, Manchester,Dublin into Paris, Brussels, Amsterdam, Oslo, Zurich etc. I just...

    • Posted April 1, 2012
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