The Board of Directors of Guinness Nigeria at its meeting of Thursday, 26 April 2012 accepted the resignation of Mrs. Ifeoma Mafeni from the Board of Directors of the Company with effect from 13 April   2012. Until...

According to a report from the Vanguard, the Federal Government has awarded oil blocks in a manner that flouts the Extractive Industry Transparency Initiative (EITI) of which Nigeria is signatory. Government recently awarded Otakikpo field in Oil Mining...

The head of the European Union delegation to Nigeria, Ambassador David McRae has called upon the Federal Government to reconsider its plans to ban the importation of cement to Nigeria. The diplomat said the move could cause...

The Chief Economic Adviser to the President, Prof. Nwanze Okedigbe, has claimed that the power generation in the country now stands at 4,400 Megawatts. This is in spite of the fact that many Nigerians are still wallowing...

The Federal Government has awarded gold mining licenses to seven firms. The Minister of Mines and Steel Development, Mr. Musa Sada, revealed the identities of the firm as Retel, Savannah Gold, CGC Nigeria Ltd, Erin Mineral Resources,...

The former Group Managing Director of the defunct Afribank, Sebastian Adigwe has accused the Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu and Ms. Arunma Oteh of spreading falsehood concerning the activities of Afribank during...

The stock market bubbled back up in today’s trading, gaining 38 points as the All Share Index closed at 22656.76. Market performance was driven by upticks in bluechips such as Dangote Cement, Zenith Bank, Mobil and Nigerian...

Total Nigeria Plc, a downstream Oil & Gas company operating in Nigeria has released its Q1, 2012 earnings. The company reported a growth of 25% in Sales at N51 billion, up from N 40.8 billion over the...

The DG of the Securities and Exchange Commission (SEC) testifying before the House Committee probing the crash of the stock market has made some startling allegations against the past leadership of the Nigerian Stock Exchange in the...

Brazil-based BTG Pactual bank has launched a $1billion Africa-focused private equity fund, according to the bank’s chief executive Andre Esteves . The fund is touted to be the largest private equity vehicle exclusively targeting Africa, and is also set...