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  • Wema Bank ready for regional banking

    Wema Bank has said the capital currently at its disposal is above the minimum required regulatory capital to operate as a commercial bank with regional authorisation. In a statement jointly signed by the Acting Head, Corporate Communications,...

    • Posted April 26, 2011
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  • Fed Govt urged to monitor generator importers

      A Chinese manufacturer　has called on the Federal Government　to set up a mechanism to　check　the importation of　fake generators　into the country. Marketing Director,　 Launtop　 Group, manufacturers of generators, Mr Bill Cai,　made the call in Fuzhou, China, while speaking with...

    • Posted April 26, 2011
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  • Importers threaten to boycott Lagos ports

      Motor vehicle importers have threatened to boycott Tin Can, Apapa ports over poor facilities, saying they were not happy with the sorry state of the Lagos ports. They said despite the geometric increase in the amount...

    • Posted April 26, 2011
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  • FG to revamp agriculture with N745.2bn — Investigation

    The Federal Government is planning to invest N745.2bn between 2011 and 2013 as part of renewed efforts to revamp the agricultural sector and enhance food security. This is contained in a document on the Federal Government’s new...

    • Posted April 24, 2011
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  • Telephones: Growing numbers, groaning subscribers

    If there is anything that excites telecommunications operators in the country, it is the continuous expansion of the nation’s subscriber base. Since the advent of digital mobile telecommunications in the country in August 2001, the subscriber figure...

    • Posted April 24, 2011
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  • For banks, the lean years seem over

    As more banks reel out their 2010 year end reports, industry watchers have observed that the sector has shown remarkable improvement and signs of quick recovery from the impact of the 2009 financial crisis. Most of their...

    • Posted April 24, 2011
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  • Ekechi Set to Resume at Allainz Media

    One of the nation’s leading outdoor advertising practitioners and chairman of Allianz Media Limited, Mr. Toe Ekechi, is set to resume  as chairman of Allianz Media after over a year out on national service as special adviser...

    • Posted April 24, 2011
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  • Vision 20:2020: NPC Appoints Marketing Communications Partner

    The National Planning Commission (NPC) has named Verdant Zeal Marketing Communications Limited as the winner of a recent pitch process. This is for the selection of an agency that would work with the Commission to effectively communicate...

    • Posted April 24, 2011
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  • Guber Polls: Nigerians Urged to Vote for Economic Devt

    Nigerians have been reminded that their votes are  determining factor in the pattern of development the country would witness in the next four years. The  Special Adviser to the President on Relations with Civil Society, Chineme Ume-Ezeoke, ...

    • Posted April 24, 2011
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  • NSE: Ikazoboh, Stockbrokers Face-off Deepens

    The leadership crisis rocking the Nigerian Stock Exchange (NSE) took a different dimension last week on the trading floor of the Exchange when brokers refused to accept that the Interim Administrator, Mr. Emmanuel Ikazoboh, be introduced before...

    • Posted April 24, 2011
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  • Low Offer Linked to FBN, Oceanic Merger Failure

    Fresh insight into why the planned acquisition of Oceanic Bank International Plc by First Bank of Nigeria Plc failed to scale through emerged at the weekend, with a source blaming the disagreement over the offer made by...

    • Posted April 24, 2011
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  • Amid Scarcity, Cement Producers Post Bumper Profits

    Indications emerged last week that the unabated shortage of cement products and its correspondent exorbitant price are raising the profitability of local manufacturers, which are alleged to have conspired to frustrate calls for higher importation as a...

    • Posted April 24, 2011
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  • Bank losses drag down indices by 1.2%

    Heavy losses recorded by banks’ shares, especially those of the rescued banks on Thursday, impacted negatively on trading activities on the Nigerian Stock Exchange. Specifically, the major market indicators shed 1.2 per cent each with the market...

    • Posted April 23, 2011
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  • Spike in fuel prices erasing airline profits

    Soaring jet fuel prices are wiping out profits at the nation’s biggest airlines. The world’s biggest airline company, United Continental Holdings Incorporated, said on Thursday that it lost $213m in the first three months of the year...

    • Posted April 23, 2011
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