Don't Miss


Latest News

  • Recapitalisation: NAICOM moves to stop ‘hot money’

    The National Insurance Commission (NAICOM) has adopted measures to ensure that stolen funds are not used to recapitalise bank-owned insurance firms, the Commissioner for insurance, Fola Daniel, has said. Daniel told The Nation that NAICOM would screen local...

    • Posted October 7, 2011
    • 0
  • Ex-governors Arrested over $674 Million Scam

    In what appears to be a manifestation of the Jonathan administration’s tough talk on corruption rhetoric, three Nigerian ex-governors and members of the ruling party, PDP have been accused of embezzling a total of $674 million USD...

    • Posted October 7, 2011
    • 2
  • Mark Mobius Targets Infrastructure as Nigeria Sells Stakes

    Mark Mobius is targeting Nigeria’s roads, bridges and electricity generation as the government of Africa’s most-populous nation brings in private investors to help develop the country’s infrastructure. Mobius, who oversees about $34 billion in emerging-market assets as...

    • Posted October 7, 2011
    • 0
  • NNPC seeks $1.5 billion loan from international lenders

    Nigerian National Petroleum Corporation, NNPC, is making plans to secure a $1.5 billion, five-year amortising restructuring syndicated loan from international lenders, bankers close to the deal revealed. The deal will mark NNPC’s first internationally-syndicated loan, according to...

    • Posted October 7, 2011
    • 0
  • Nigeria cannot develop without borrowing – Bismarck Rewane

    The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, Thursday said that Nigeria cannot develop without borrowing funds internally or externally. Rewane who made these remarks while presenting a speech titled:...

    • Posted October 7, 2011
    • 0
  • CBN stop oil firms from buying dollars

    Central Bank of Nigeria, CBN, yesterday, said it will stop the sale of US dollars to companies in the oil and gas sector. This is part of efforts aimed at reducing the demand for the dollar, stemming...

    • Posted October 7, 2011
    • 0
  • Nigeria Stock Exchange declines by 0.91%

    The Nigerian Stock Exchange put on a bearish performance today shedding a total of 0.91%. Profit takers cashing in on gains of previous trading days drove the market into the red. Most of the top tier banks...

    • Posted October 6, 2011
    • 0
  • Naira falls to record lows in todays trading

    The Nigerian Naira has continued its free fall against major currency pairs, depreciating against the Dollar, Euro, and Sterling. The Naira has fallen to its lowest on record in the inter-bank market even as Central Bank Governor...

    • Posted October 6, 2011
    • 0
  • Goldman Sachs Economists Largely Bullish on Commodities

    Goldman Sachs economists working out of the companys Global research Office have released a new report that is bullish on commodity prices over the mid to long term. After the biggest quarterly decline in commodity prices since...

    • Posted October 6, 2011
    • 0
  • CBN in fresh probe of seven banks

    The Central Bank of Nigeria (CBN) has started the second round of examination into the foreign exchange deals of seven commercial banks. The apex bank, as exclusively reported by The Nation a month ago, named the first batch  banks...

    • Posted October 6, 2011
    • 0
  • Apple Chairman Steve Jobs Has Passed Away

    According to a statement just issued by Apple’s Board of Directors, company co-founder and longtime CEO Steve Jobs has passed away. Apple has also put up the following website in memory. They’re asking for “thoughts, memories, and...

    • Posted October 6, 2011
    • 0
  • Nigerian Stock Market Gains in 5th consecutive Day of Trading

    The Nigerian Stock Exchange All Share Index went northwards by 0.58% at the end of trading today to close at 20,695.77. Driving the performance of the bourse today were the Breweries and Food & Beverage sectors led...

    • Posted October 5, 2011
    • 0
  • Global Markets Rebound on back of Favorable Macro-Economic Policy

    Global commodity and equity markets have staged a rebound from recent lows after the United States government signaled its intentions to prolong an economic stimulus program. Chairman of the US Federal Reserve Bank, Ben Bernanke, in testimony...

    • Posted October 5, 2011
    • 0
  • ABG Group plans Trailer Assembly plant in Kaduna State

    A N10 billion Trailer Assembly plant will soon be established in Kaduna State, courtesy of  ABG Group and their technical partner, BMC of Turkey. The group’s Chairman, Dr. Bawa Garuba, made the disclosure when he led a...

    • Posted October 5, 2011
    • 1