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  • Investec launches African bond fund

    Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux. The Investec GSF Africa High Income Bond fund is a Luxembourg-domiciled SICAV with an indicative yield of 9.4%,...

    • Posted August 22, 2011
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  • FG renegotiating Egbin Power Plant transfer to Korean Company – Barth Nnaji

    The Federal Government says it is currently renegotiating agreement for the transfer of Egbin Power Plant to Korean Electric Power Corporation (KEPCO) which won 51 percent stakes for Nigeria’s largest plant four years ago. The company clinched...

    • Posted August 22, 2011
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  • The Scramble for Access to Libya’s Oil Wealth Begins – NYT

    Even before Libyan rebels could take full control of Tripoli, Foreign Minister Franco Frattini of Italy said on state television Monday that the Italian oil company Eni “will have a No. 1 role in the future” in...

    • Posted August 22, 2011
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  • Daily Stock News (Aug 22,2011)

    Today, market breadth collapsed considerably as market witnessed 7 losers for every gain recorded while equity market extended the downward trend experienced in the previous session as the bearish sentiments continued to gain dominance. More so, the...

    • Posted August 22, 2011
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  • Nigeria: Rich Country, Poor People – Nasir Ahmad El-Rufai [Opinion]

    Editor’s note: This guest post is written by Nasir Ahmad El-Rufai, a former Director General of The Bureau of Public Enterprises,  and also the former Minister of the Federal Capital Territory, Abuja. If President Goodluck Jonathan had had the courage to publicly...

    • Posted August 19, 2011
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  • Daily Stock News (Aug 18,2011)

    Equity market sustained the positive outlook recorded in the last three trading sessions to close market activities upbeat while moderate buying continued to salvage the outlook- indicating continuous low commitment highlighted in our previous report . More...

    • Posted August 18, 2011
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  • Nigeria Cocoa Prices Rise As Marketing Of New Main Crop Starts

    Nigeria’s cocoa prices are rebounding with the marketing of the 2011-12 season (September through February) main cocoa crop now underway in the country, traders said Monday. In the key southwest cocoa region, graded cocoa price stood Monday at 420,000 naira to...

    • Posted August 18, 2011
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  • ERHC Energy Inc. Announces Initial Plans for Chadian Exploration

    HOUSTON, TX, Aug 18, 2011 (MARKETWIRE via COMTEX) — ERHC Energy Inc. , a publicly traded American company with oil and gas assets in West Africa, has announced further details regarding its Chadian exploration program. In July,...

    • Posted August 18, 2011
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  • Jonathan sets up oil spill report committee

    Nigerian President Goodluck Jonathan on Wednesday constituted a committee to review this month’s United Nations report on oil spills in Africa’s largest crude exporter, which was critical of Royal Dutch Shell (RDSa.L) and the Nigerian state-oil firm....

    • Posted August 18, 2011
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  • Daily Stock News (Aug 17,2011)

    Today, the uptrend continues on the bourse as market activities ended on positive notes for the second time in the week amid sustained weak breadth while the market indicators closed mixed with waning bargain tendency- an indication...

    • Posted August 17, 2011
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