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  • First Bank introduces product for Nigerians in the Diaspora

    First Bank of Nigeria Plc has said it had introduced ‘FirstDiaspora,’ a set of products specially designed to cater for various finance related needs and projects of Nigerians in the Diaspora. The bank explained in a statement...

    • Posted October 13, 2011
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  • RIM: Here’s what’s actually going on with BlackBerry services

    RIM is finally detailing what is happening with its data outage that has seen the service out of action for over three days, rather than just explain what is going wrong. It is the first time the...

    • Posted October 13, 2011
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  • Zinox Technologies to Commission Digital Plant by February

    Zinox Technologies, manufacturers of Zinox Computer brand,  is  planning  to install one of Africa’s largest Digital Computers Assembling plant in response to the improved power supply in the country. The design for the digital plant was concluded...

    • Posted October 13, 2011
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  • Nigeria economy records $51b forex inflow

    Nigeria economy recorded a total foreign exchange inflow of $51.02 billion in the first half of 2011, representing an increase of 29.8 per cent over the previous year’s figure. According to the Economic Report for the first half...

    • Posted October 13, 2011
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  • World: News You Don’t Want to Miss [12-Oct-2011]

    Asian markets were up in overnight trading with the Shanghai Composite jumping 3.04%. Europe is up and U.S. futures are sharply higher as markets anticipate Slovakia’s decision on the EFSF. Slovakian leaders are meeting again to vote...

    • Posted October 12, 2011
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  • UK Unemployment Reaches Alarming Proportions

    The United Kingdom’s Office for National Statistics has released troubling unemployment figures, pegging the unemployment rate at 8.1%. This figure represents 2.57 million people without jobs and the UK is faced with an increase of 114,000 unemployed,...

    • Posted October 12, 2011
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  • Pepsi Releases 3rd Quarter Earnings ahead of analysts Estimates

    The World’s second most popular soft drink manufacturing company Pepsi Co has announced better than expected third quarter results. According to a survey by Thomson Reuters, analysts expected Pepsi to earn $1.30 a share on revenue of...

    • Posted October 12, 2011
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  • Market Dips by 0.49%, Oceanic Delisted, UBN placed on Technical Suspension

    The Nigerian Bourse dipped for the second consecutive day in trading shedding 47 basis points today and bringing the All Share Index to close at 20012.07 after the days trading. First bank and Sterling Bank were the...

    • Posted October 11, 2011
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  • Eurozone: China to the Rescue

    Growing Chinese investments in Eurozone nations are contributing to stability in the Euro currency, and improving market sentiment on the prospects of the region’s successful fight against a threatening financial crisis. China has a strategic interest to...

    • Posted October 11, 2011
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  • World: News You Don’t Want to Miss [11-Oct-2011]

    Asian markets were mostly up in overnight trading with the Hang Seng up 2.4%, as a unit of China’s sovereign wealth fund boosted holdings of four huge Chinese lenders. As markets await Solvakia’s vote on the EFSF, Europe is lower...

    • Posted October 11, 2011
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  • President Goodluck Jonathan sacks 10 agencies from ports

    President Goodluck Jonathan yesterday  approved the sack of 10 agencies from the nation’s seaports. The affected agencies were accused of working against the international best practices in port administration. They include the Standards Organisation of Nigeria (SON), the...

    • Posted October 11, 2011
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  • Oil-pipeline
    Pipeline explosion leads to Shell force majeure

    An explosion at a pipeline in Nigeria has led Shell to declare force majeure on some crude oil exports from the country for almost three months. The Anglo-Dutch supermajor was informed of a leak on the Trans...

    • Posted October 11, 2011
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  • Sirius Petroleum eyes first marginal oil field project in Nigeria

    Sirius Petroleum  has signed an agreement that could lead to it taking a 40% stake in what would be its first marginal field project in Nigeria. It has signed a Financial and Technical Services Agreement with local...

    • Posted October 11, 2011
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  • Stock Market Depreciates By 59bp In Todays Trading

    The Nigerian Stock Exchange All Share Index depreciated by 0.59% to close at 20106.8 from 20225.02 on Friday. The biggest gainers on the bourse today were ROADS (4.88%), CAP (4.87%), Neimeth (4.85%), RTBriscoe (4.52%), and UBA (4.37%)....

    • Posted October 10, 2011
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