Don't Miss


Latest News

  • Rescuing banks from web of bad debts

    THE concept of banking, essentially, though nebulous, revolves around management of money, credit and investments. It is one of the oldest professions in the world and credit is at the heart of the business. The key functions...

    • Posted April 11, 2011
    • 0
  • Stock market dips further as volatility increases

    The market capitalisation of equities at the Nigerian Stock Exchange (NSE) depreciated further by 0.08 percent at the close of trading session last week, as against a decline of 0.45 percent recorded in the preceding week. The...

    • Posted April 11, 2011
    • 0
  • ‘Nigeria is big business for us’

    Standard Bank, South Africa’s largest bank by assets and earnings, has said ongoing elections in Nigeria will not affect its willingness to do business with the country. The bank’s director and head, Agricultural Banking, will be moving...

    • Posted April 11, 2011
    • 0
  • Bismark, four others may join new NSE Council

    IN line with restructuring of the Nigerian Stock Exchange (NSE), the Securities and Exchange Commission (SEC) has compiled a list of competent professionals in their various fields of discipline to join the former Interim Administrator of the...

    • Posted April 11, 2011
    • 0
  • First Registrars, SEC in court over alleged share deal

    To avert the sanction threatened against it over alleged shares’ transaction by the Securities and Exchange Commission (SEC), the First Registrars Nigeria Limited, has gone before a Federal High Court in Lagos. The penalty by SEC, contained in...

    • Posted April 11, 2011
    • 0
  • Skye Bank makes N10.4b profit

    Skye Bank Group has recorded a post-tax profit of N10.4billion for the year ended December 31, 2010 as against N9million reported during the 15-month period ended in 2009. Similarly, the group posted N12.7billion pre-tax profit compared to...

    • Posted April 11, 2011
    • 0
  • Interbank rates rise on NNPC withdrawal

    The current oil price spike, which is great news for oil producing countries, could be a double- edged sword and unsustainable, Managing Director, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said. He also said Nigeria’s terms...

    • Posted April 11, 2011
    • 0
  • Budget 2011 unimplementable – Aganga

    ABUJA — The executive arm of the Federal Government is to re-engage the National Assembly on the bloated N4.9 trillion 2011 budget which the Minister of Finance, Mr. Segun Aganga, has described as un-implementable. Receiving the report...

    • Posted April 7, 2011
    • 0
  • N12bn fraud: New pension scheme not affected – PENCOM

    The National Pension Commission (PenCom) has declared that there is no incidence of fraud in the new Contributory Pension Scheme, CPS, stating that the new scheme has a large number of safeguard to prevent occurrences of such...

    • Posted April 7, 2011
    • 0
  • Africans in diaspora home remittance hit $40bn mark in 2010

    Thirty million Africans across the globe have directly invested $40 billion into the continent economy in 2010 According to a survey carried by African Development Bank and the World Bank recently, Africans investment ranged from land purchases,...

    • Posted April 7, 2011
    • 0
  • Leave agriculture to states, Oshiomhole urges FG

    Governor Adams Oshiomhole of Edo State has urged the Federal Government to leave agriculture in the hands of state governments. Oshiomhole, who spoke on Wednesday during the delegates, conference of the state chapter of the Nigeria Labour...

    • Posted April 7, 2011
    • 0
  • Polls: Politicians in huge cash transfer deals with BDCs – Investigation

    Politicians seeking elective posts have been transferring huge amounts of cash from foreign countries into Nigeria, mainly through Bureau de Change accounts, investigation by our correspondent has revealed. The BDC accounts, called “Aboki accounts” among the operators,...

    • Posted April 7, 2011
    • 0
  • FG may reduce recurrent expenditure to 6% of GDP

    The Federal Government may peg the recurrent expenditure of all ministries, departments and agencies of government at six per cent of the country’s Gross Domestic Product. A report of the Expenditure Review Committee, which was submitted to...

    • Posted April 7, 2011
    • 0
  • FG Mandates Implementation of Vision 2020 in States

    When passed into law, the bill on Development Planning and Project Continuity currently before the National Assembly will mandate all tiers of government to draw up and implement medium term development plans on consistent basis. This is...

    • Posted April 7, 2011
    • 0