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Dangote, Police Found Culpable For Deadly Multiple Accident – Coroner
The Lagos state Coroner, has confirmed that the Dangote Sugar refinery truck was the cause of the accident that killed over 40 people on the Otedola bridge estate, along the Lagos Ibadan expressway in 2010. Also found...
- Posted April 26, 2012
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Nigerian Stock Exchange Watch: Market Cap Surpasses N 7 trillion
Equity investors ought to be gleeful considering the market recorded its seventh straight day of gains today, even as the market capitalization the N 7 trillion mark. The All Share Index closed upwards by 0.34% settling at...
- Posted April 25, 2012
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Ugodre: Is it time to dump my investment in fast food companies?
In almost every street corner in Lagos and major cities in Nigeria, there is fast food restaurant. From Mr Biggs to Sweet Sensation to KFC to Chicken Republic etc they are everywhere. Just walk into any of...
- Posted April 25, 2012
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FG Vows to Rehabilitate Apapa-Oshodi Expressway by December 2013
The Minister of Works, Mike Onolememen has indicated that the Federal Government will repair one of the most economically important roads in the country, the Apapa-Oshodi Expressway. Speaking at the Ministerial Platform to commemorate Democracy Day and one year...
- Posted April 25, 2012
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GTBank MD, Others Shortlisted for African Banker of the Year Award
The African Banker Awards has released its shortlist of nominees for the 2012 competition. The winners will be announced at the Awards ceremony on the 30th May, which comes to Africa for the first time. Usually held...
- Posted April 25, 2012
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Fuel Subsidy Report Debate: Lawmakers Go Hard on Ex-PPPRA Officials, Soft-pedal on Allison-Madueke
The House of Representatives went into a Committee of the Whole yesterday in order to deliberate on the ad hoc Committee’s report on fuel subsidy. The house was unified in approving most of the recommendations set forth...
- Posted April 25, 2012
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For cheap fuel, Nigeria bought massive corruption – Businessweek
For the price of cheap gasoline, Nigeria paid billions of dollars into a corrupt government system of fuel subsidies that saw huge contracts awarded to shady companies without any oversight, according to a lawmakers’ report. The report,...
- Posted April 25, 2012
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Nigerian Stock Exchange Buys Nasdaq’s X-Stream
Nigeria’s Stock Exchange (NSE) signed a deal to adopt the Nasdaq X-Stream trading platform on Tuesday, and said it would aim to go live with it by the second quarter of 2013, part of a string of reforms to...
- Posted April 25, 2012
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Akintola Williams Deloitte Breaks Silence on Role in Fuel Subsidy Fiasco
The management of Akintola Williams Deloitte has absolved itself from any responsibility concerning its role in the fuel subsidy scam. The company said it was only responsible for vessels allocated to it, and verified those vessels properly....
- Posted April 25, 2012
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Nigerian Stock Exchange Watch: ASI Records Sixth Day of Consecutive Gains
The Nigerian Stock Exchange continued its ascent today, extending its winning streak to six straight days. The All Share Index climbed 0.53% to close at 21895.41. The performance of the bourse today was driven by strong price...
- Posted April 24, 2012














