President Jonathan has alleged that some of the governors backed out on him during the fuel subsidy removal episode in January. This was in spite of all the governors being in agreement on the removal of fuel...

The Managing Director of Shell Production and Development Company, Mutitu Sunmonu, has blamed the incessant theft of crude oil from the Niger Delta on a well organized international crime syndicate. In a report title “Shell Briefing Notes”...

The activity of profit takers conspired to push the bourse into negative territory at the close of trading today. Blue chip and highly capitalized stocks such as Nigerian Breweries (-2.37%), Zenith (-4.06%) and GTbank (-2%) came under...

As I listened to Mr. Sunny Nwosu, the leader of the Independent Shareholders Association (ISA) while he delivered his submission to the Ad Hoc Committee on the Nigerian Capital Market, I shuddered in utter disappointment and disbelief...

Mill Wright LLC is a multi-national shipping company focused on car imports to the sub-Saharan African region with special emphasis on Nigeria. The company offers several options for car dealers, importers or users to ship their vehicles...

The French Presidential Elections  turned  out to be an interesting one on May 6 as   Incumbent President Nicholas Sarkozy  suffered defeat to Socialist Party Candidate Francois Hollande after the second round becoming  the First incumbent French...

May 4 (Bloomberg) — Dangote Flour Mills Plc rose to the highest in more than a month on speculation South Africa’s Tiger Brands Ltd. plans to buy stake in the Nigerian producer. The stock jumped 4.9 percent to...

The Managing Director of  the Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, has disclosed that Keystone, Enterprise and Mainstreet banks may be re-listed (as it were) on the Nigerian Stock Exchange. The former Bank PHB, Spring...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has penalized a Swiss Oil trading firm for violating its policies regarding the supply of Petrol to Nigerian marketers. NIMEX Petroleum Limited was penalized for failing to provide documentation relating...

MTN Group, Africa’s largest mobile operator, reported on Friday a 4 percent rise in subscribers for the first quarter, helped by increases in its key markets of South Africa, Nigeria and Iran. MTN, which is currently the...