Latest News

• Mobitel Nigeria Deploys FTS Express to Provide Flexible and Scalable Billing

   FTS, a global provider of billing, customer care and policy control solutions for communications and content service providers, today announced that Mobitel Nigeria has deployed its FTS express™ solution to provide a telecom billing platform that can...

  • Posted September 20, 2011
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  FG to sell 70 pct stake in power distribution companies

  Nigeria Federal Goverment  plans to sell a 70 percent stake in eleven power distribution companies to new investors as part of a multi-billion dollar privatisation of its electricity sector, the Bureau of Public Enterprises said on Tuesday....

  • Posted September 20, 2011
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  Transcorp Announces New Board Appointments

  Transnational Corporation of Nigeria Plc (Transcorp) announced a number of board changes to strengthen its governance following the appointment of Tony O. Elumelu, MFR, as Chairman at the Group’s annual general meeting held in Abuja last week....

  • Posted September 20, 2011
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• Nigeria bond prices hold up post lending rate hike

  Nigeria’s bond prices held mostly steady on Tuesday when thinning liquidity for short-term paper at the government auction drove investors to take positions at the secondary market, forcing yields down, dealers said. Nigeria’s central bank monetary policy...

  • Posted September 20, 2011
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  Naira Falls to 3-Month Low; Dollar Supply Curbed at Sale

  Nigeria’s naira depreciated to its weakest level in three months against the dollar after the central bank failed to meet lenders’ demands for the U.S. currency at an auction yesterday. The currency of sub-Saharan Africa’s second-biggest economy...

  • Posted September 20, 2011
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  Borno Farmers to Receive $9 Million From World Bank

  Borno State farmers under the Fadama programme are to benefit from a $9 million (N1, 368,000,000) counterpart support from the World Bank if the state and local governments meet the required commitment in its counterpart payment, the...

  • Posted September 20, 2011
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  Nigeria Oil Output down on Opec Constraints

  Nigeria is producing 1.8 million barrels of oil per day, down from a capacity of 2.5 million bpd as the West African nation adheres to its Opec output restrictions, an official at Nigerian National Petroleum Corporation said...

  • Posted September 20, 2011
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• Odua investment company divests 75% shareholding in O’net

  The regional telecommunications firm, O’net, is relaunching its products into the market after several months in the trenches. The new Managing Director of the firm, Mr Ade Ayoola, disclosed this while addressing reporters at the corporate headquarters of...

  • Posted September 20, 2011
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• Airline Bankruptcy: An Aviation Industry in quest of oxygen

  Our aviation industry is in a comatose state.  This industry groans under huge landing fees, high cost of aviation fuel and sometimes non-availability, high flying charges, ground handling fees, while they have to contend with the forces...

  • Posted September 20, 2011
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• CBN increases lending rate to 9.25 per cent

  The Central Bank of Nigeria yesterday increased the benchmark lending rate by 50 basis points from 8.75 per cent to 9.25 per cent. The anticipated one per cent reduction in government’s recurrent expenditure in the annual budget,...

  • Posted September 20, 2011
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• THE KIRKE PROJECT BEGINS A NEW MEDIA MAKEOVER FOR SMALL BUSINESSES

  LAGOS, Nigeria (September 19, 2011) – Selected small businesses have been given a reprieve on ways to build and maintain their online presence as well as how to engage their current and potential customers through social media. The...

  • Posted September 19, 2011
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• Halting the Pursuit of Nuclear Energy

  If tomorrow would wait, this is the best time to ask for it-A tomorrow with nuclear energy as one of our energy sources should wait. With recent happenings in Japan and other environments, we are surprise this...

  • Posted September 19, 2011
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  Fidelity Bank introduces special fund for indigenous oil, gas firms

  Fidelity Bank Plc has introduced a special funding package to support the participation of indigenous companies in the oil and gas sector of the Nigerian economy, known as “Fidelity Local Content Finance Fund”. The bold attempt is...

  • Posted September 19, 2011
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• Mutual Benefits partners Portland Paints on insurance of assets

  Mutual Benefits Assurance Plc and Portland Paints & Products Nigeria Plc has gone into strategic partnership to develop innovative products for the benefits of customers. Through this alliance, for instance, they have launched “Portland-Mutual Extra”, which states...

  • Posted September 19, 2011
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