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  • FG has signed the 2011 Financial Reporting Council Bill into law – Aganga

    Minister of Trade and Investment, Dr. Olusegun Aganga, has disclosed that the Federal Government has signed the 2011 Financial Reporting Council Bill into law, saying the implementation of this law would put Nigeria on the part of adopting...

    • Posted July 31, 2011
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  • Emerging markets now a much safer bet – Mobius

    The U.S. dollar and Treasurys, which proved to be safe havens during the global financial crisis, can no longer be viewed as such because of the on-going debt impasse, renowned investor Mark Mobius told CNBC on Friday....

    • Posted July 30, 2011
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  • Rivers State House of Assembly approved N250 billion for state bond

    Rivers State House of Assembly has approved N250 billion for the proposed state bond in order to facilitate infrastructural development in the state. The first tranche of N100 billion bond is due in October, with a tenor of  three to five years. Leader...

    • Posted July 30, 2011
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  • Ecobank Nigeria sacks 400

    A dark cloud hovered once more, around the nation’s banking industry, as Ecobank Nigeria Plc announced the sack “about 400” workers, without offering any explanations. The sack is coming at a time when many thought the worst times...

    • Posted July 29, 2011
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  • FCMB and Finbank Merger gets CBN Approval

    The Central Bank of Nigeria (CBN) has approved the merger of First City Monument Bank (FCMB) and Finbank. Both banks had signed a Transaction Implementation Agreement (TIA) a fortnight ago which culminated in concrete merger talks between...

    • Posted July 29, 2011
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  • Oando investing N75 billion in the development of gas plants in Nigeria

    The Group Managing Director of Oando Plc, Mr. Wale Tinubu, has said the company is investing a whopping $500 million, an equivalent of N75 billion in the development of gas plants in Nigeria to solve the problem...

    • Posted July 28, 2011
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  • America owes foreigners and foreign governments 4514 trillion dollars

    The TRUTH About Who Really Owns All Of America’s Debt Hong Kong :-  Holdings of US Treasuries: $121.9 billion- Percent of US Debt that they own: 0.9% Caribbean Banking Center:- Holdings of US Treasuries: $148.3 billion – Percent of...

    • Posted July 28, 2011
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  • MTN crashes Blackberry charges to N450 per week

    MTN has given their numerous subscribers a reason to smile. The leading telecommunicationsservice provider has introduced even more affordable Blackberry service offerings that addressa wide range of consumer usage segments in the Nigerian market. These new offerings...

    • Posted July 28, 2011
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  • CBN to Review Upward FOREX Sales to Bureaux De Change

    The Central Bank would soon review upward the limit on banks’ autonomous foreign exchange sales to bureaux de change (BDC). The apex bank indicated this in the communiqué issued at the end of the monetary policy committee...

    • Posted July 28, 2011
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  • Nigeria railway sector would be fully resuscitated – Idris Umar

    THE Minister of Transport, Senator Idris Umar has assured that the nation’s railway sector would be fully resuscitated within the next twenty five years to enable Nigeria to compete favourably with the other countries of the world...

    • Posted July 28, 2011
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  • Stanbic IBTC posts N4.73b in half year profit

    The management of Stanbic IBTC Bank, on Wednesday reported that although gross earnings income for the half year ended June 30, 2011 rose to N32.197 billion from N28.376 billion in the corresponding period of last year, profit before...

    • Posted July 28, 2011
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  • First Bank posts N36b in half-year profit

    First Bank of Nigeria (FBN) Plc grew net profit by more than 23 per cent in the first half of this year, harnessing the gains of the recent restructuring to improve its market share and profitability. Interim report and...

    • Posted July 27, 2011
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  • Nigeria’s dollar bond yields fell to a record low

    Nigeria’s dollar bond yields fell to a record low as demand for higher-yielding assets rose after officials approved an aid payment to Greece to prevent a default and the naira gained after an inflow curb was lifted....

    • Posted July 27, 2011
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  • Petrobras Won’t Need Additional Debt in a Decade, CFO Says

    Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said its plan to more than double output will boost cash flow and eliminate the need to tap debt markets after about 10 years. The company’s profit from oil sales...

    • Posted July 27, 2011
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