Latest News
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Central Bank Jacks Up Benchmark Rate to 12%
Following wide speculations that the Nigerian Monetary Policy Committee would raise rates at the emergency meeting scheduled for 10am this morning, the MPC has gone ahead to do just that. However the bank raised the rate far...
- Posted October 10, 2011
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Central Bank Jacks Up Benchmark Rate to 12%
Following wide speculation that the Nigerian Monetary Policy Committee would raise rates at the emergency meeting scheduled for 10am this morning, the MPC has gone ahead to do just that. However the bank surprised analysts, raising the...
- Posted October 10, 2011
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World Leaders Mobilize To Contain European Debt Crisis
French President Nicholas Sarkozy, and German Chancellor Angela Merkel briefed the media yesterday about plans by their respective countries to bail out troubled banks in the Eurozone especially Grecian banks. Sarkozy stated, “we will recapitalize the banks”,...
- Posted October 10, 2011
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World: News You Don’t Want to Miss [10-Oct-2011]
More talk of recapitalization of European banks has caused markets to rally. Asian markets were mixed in overnight trading with the Bombay Stock Exchange rising 2%. Europe is moderately higher and U.S. futures are sharply higher ahead...
- Posted October 10, 2011
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Apple, the death Of Steve Jobs, the Nigerian Republic and matters arising(Opinion)
Apple Computer Corporation is one of the world’s most successful companies. In fact Apple is so successful; it was reported to have more cash reserves ($76.2 Billion) than the entire American government at the end of June...
- Posted October 10, 2011
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APPLE, THE DEATH OF STEVE JOBS, THE NIGERIAN REPUBLIC AND MATTERS ARISING
Apple Computer Corporation is one of the world’s most successful companies. In fact Apple is so successful; it was reported to have more cash reserves ($76.2 Billion) than the entire American government at the end of June...
- Posted October 10, 2011
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Airtel Nigeria Reopens After Labour Union Shutdown
Airtel Nigeria has thanked its customers across the country particularly those in the Federal Capital Territory and environs as it opened its offices across the country following an end to the face off over outsourcing between labour...
- Posted October 10, 2011
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FG plans N100b power subsidy for low income earners
The Federal Government is to inject N100 billion in the 2012 budget as subsidy to cushion the effect of electricity tariff on low income earners, The Nation has learnt A source at the Bureau of Public Enterprises (BPE)...
- Posted October 10, 2011
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AP sacks 100 staff
African Petroleum (AP) Plc, one of the country’s leading downstream companies, has begun downsizing its workforce as part of its restructuring to reposition the company for competition. The exercise, according to reliable sources in the company, will affect about...
- Posted October 10, 2011
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New CBN rule shores up Naira
Recent efforts by the Central Bank to stabilize the Naira seem to have paid off. The Central Bank had issued a cease and desist order to Oil Companies operating in Nigeria via a circular released on its...
- Posted October 8, 2011
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Fraud named fuel subsidy [Opinion]
If I were some people that manage Nigeria, there would be times I should admit I have lost ideas of what to do. One of such times is a quagmire where the power and resources managers for...
- Posted October 8, 2011
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Arik Air Orders Two Boeing 747-8 Intercontinental’s
Arik Air Ltd. finalized Thursday an order to purchase two 747-8 Intercontinental airplanes from aerospace and defense giant Boeing Co. for about $635 million at list prices. Boeing noted that the order was previously attributed to an...
- Posted October 8, 2011
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MultiChoice Nigeria Appoints John Ugbe as Managing Director
MultiChoice Nigeria has announced the appointment of Mr John Ugbe as Managing Director of MultiChoice Nigeria effective from November this year. This appointment, according to a statement, marks the first Nigerian executive to be appointed to this...
- Posted October 7, 2011
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Visafone may acquire Starcomms
There are strong indications that Code Division Multiple Access (CDMA) Telco, Visafone may acquire rival provider, Starcomms. A top official of Visafone, who confirmed that the company is talking with another CDMA, described it as “the best...
- Posted October 7, 2011