Latest News
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Nigeria Freight Forwarders Raises Concern Over Seaports Concessionaires
The president of National Association of Government Approved Freight Forwarders (NAGAFF), Mr Eugene Nweke expressed his concern about the secrecy of the agreements between the Federal Government and the various concessionaires at the nation’s seaports. The ports...
- Posted November 5, 2011
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Nigeria names 28-man squad for Bostwana and Zambia
The Nigerian Football Federation has released a list of players that will be participate in the two consecutive friendly games this November. The Super Eagles will on the 12th of November take on the Zebras of Bostwana...
- Posted November 5, 2011
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Stock Market Rounds Up Week Barely in The Green
The Nigerian Stock Exchange barely budged today, however the marginal move was a step in the right direction as it closed the week in the green. The All Share Index appreciated by 5 points today, closing at...
- Posted November 4, 2011
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7UP 2Q Earnings Refreshing, Net Income Up 9%
The management of 7UP Bottling Company Plc, makers and distributorsof 7Up, Pepsi , Mirinda and Mountain dew brands of soft drink beverages has released its 2Q, 2011 earnings. Turnover at the end of the first two quarters...
- Posted November 4, 2011
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Baba Suwe Gets The Last Laugh, Set Free By NDLEA
A few hours ago, embattled Nigerian entertainer, Babatunde Omidina aka Baba Suwe was set free by the National Drug Law Enforcement Agency (NDLEA). The comedian had been in NDLEA custody for over three weeks, after he was...
- Posted November 4, 2011
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FG reduces British Airways’ weekly flight from seven to three
There appears to be no reprieve for British Airways yet as the Federal Government has taken steps to restrict all British Airways flights to Lagos from next week. Although the Federal Airports Authority of Nigeria, FAAN, cited...
- Posted November 4, 2011
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Vibrant Rail System Needed to Boost Nigeria’s Economy – Aregbesola
Osun State Governor Rauf Aregbesola has said a vibrant rail system is needed to boost Nigeria’s economy. Aregbesola spoke yesterday in Osogbo, the Osun State capital, while signing a Memorandum of Understanding (MoU) with the Nigeria Railway...
- Posted November 4, 2011
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Aliko Dangote – Africa’s Pride In Entrepreneurship
Few have transformed Africa’s landscape like Dangote has done and still doing. He has broken the stereotype and brought succor to thousands through job creation while adding to shareholders’ value. He strikes us as the most unusual...
- Posted November 4, 2011
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We Need A Holistic Prison Reform Now
A society’s civilization can be appraised on the way their prisons are. We as civilized people are expected to treat prisoners with understanding and affection. We can only accomplish this by appreciating and accepting their basic human...
- Posted November 4, 2011
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Stock Market Inches Up In Daily Trading
The Nigerian Stock Market inched up slightly at the end of trading today, adding only nine basis points. Whilst this did little to reverse the previous day’s losses, it brought the ASI level to 20,521.31. The banking...
- Posted November 3, 2011
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FG Grants Eco-Support 20-year Concession for part of Apapa Port
Federal Government gave a 20-year concession for part of Apapa Port in Lagos to Eco Support Nigeria Ltd., which will spend $124 million over the next two years to expand capacity and meet increasing demand to ship oil...
- Posted November 3, 2011
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Roche Group Takes Over Imo Palm Plantation
IN a bid to reposition the company for economic gains, the Imo State government has finally handed over Adapalm plantation to an Irish Company, Roche Group in Ohaji / Egbema Local Government Area under Public Private Partnership...
- Posted November 3, 2011
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Nigeria to issue diaspora bond in 2012
Nigeria will issue a diaspora bond next year to raise funds for infrastructure and development projects, the head of its Debt Management Office (DMO) said on Thursday. Africa’s biggest oil producer will also introduce inflation-linked bonds in...
- Posted November 3, 2011
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Precious Metal Prices Thrive on Greek Uncertainty
Uncertainty over the Eurozone crisis has pushed the prices of precious metals and crude oil to record highs in just a few days of trading. Since the end of October a few days ago, the price of...
- Posted November 3, 2011