Latest News

• Access Bank Plc yesterday announced a profit before tax of N16.2bn for the twelve months ended December 2010.

    Access Bank Plc yesterday announced a profit before tax of N16.2bn for the twelve months ended December 2010. The report which was contained in its audited results for the twelve months ended 31 December 2010 released...

  • Posted March 26, 2011
  • 0
• 2011 budget: Expenditure outlay heightens inflation risk CBN

  The Central Bank of Nigeria (CBN)Monetary Policy committee (MPC) Tuesday noted with delight the recent positive growth outlook in the economy but expressed serious concern over the heightened risk of inflation following from the proposed high expenditure...

  • Posted March 26, 2011
  • 0
• Unemployment: Experts express concerns over N50bn budgetary allocation

  While Nigerians wait on President Goodluck Ebele Jonathan�s assent to the 2011 national budget recently passed into law by the legislature, financial experts and social critics have continued to express deep concern over what they described as...

  • Posted March 26, 2011
  • 0
• Union Banks attracts $750m investment from African Capital Alliance

  After a long drawn negotiation with prospective core investors, Union Bank of Nigeria PLC has finally settled for African Capital Alliance Consortium With the signing a memorandum of Agreement (MoA) Monday. Although details of the MoU were...

  • Posted March 26, 2011
  • 0
• ‘Dangote Group market cap to hit $60b by 2015’

  The President of the Dangote Group, Alhaji Aliko Dangote, has said his group of companies will be worth $60 billion by 2015. At the moment, the group is worth $32 billion. He also called for the liberalisation...

  • Posted March 26, 2011
  • 0
• Shareholders: Access Bank owes Intercontinental N16.2b

  Some shareholders of Intercontinental Bank, opposed to the planned sale of the bank, have alleged that the scheduled buyer, Access Bank, is owing their bank N16.2 billion. This assertion is contained in a new set of affidavits...

  • Posted March 26, 2011
  • 0
• US transport agency scores aviation high

  A United States team of Transportation Security Administration (TSA) officials has scored the nation’s civil aviation sector high. This observation was made known when the team paid a courtesy call on the Hon. Minister of Aviation, Mrs....

  • Posted March 26, 2011
  • 0
• Why the poor are not benefiting from economic growth, by SEC boss

  Director-General, Securities and Exchange Commission (SEC), Ms Arunma 　Oteh, has said the economic growth being witnessed in the country is not reaching the poor because of the high level of unemployment in the country. She said the...

  • Posted March 26, 2011
  • 0
• Court summons Citibank Chair, MD over alleged tax evasion

  A Federal High Court in Lagos has ordered the Chairman of the Nigerian International Bank Limited (Citibank), Chief C. S. Sankey and the bank’s Managing Director, Mr. Emeka Emuwa, to appear before it on April 7 this...

  • Posted March 26, 2011
  • 0
• CBN may raise interest rate tomorrow

  The Central Bank of Nigeria (CBN) may raise its benchmark interest rate (Monetary Policy Rate (MPR) for a second time this year as its Monetary Policy Committee meets in Abuja tomorrow. The MPR is the interest rate...

  • Posted March 26, 2011
  • 0
• Odu’a partners Canadian telecoms firm to reposition O’net

  Odu’a Investment Limited has sealed a partnership agreement with a Canadian telecoms firm to reposition its telecoms subsidiary, O’net. The new partner, Concave Telecommunications International Group, Canada, is coming about two years after a careful search for...

  • Posted March 26, 2011
  • 0
• Fed Govt targets $10b investment in gas

  The Federal Government has set a target of $10 billion as Foreign Direct Investment between 2012-2014 from a new Gas Revolution Agenda. President Goodluck Jonathan is also scheduled　 to launch the agenda on March 24, said the...

  • Posted March 26, 2011
  • 0
• Contractors threaten to liquidate M-tel over N400m debt

  Agroup of contractors to the Nigeria Mobile Telecommunications (M-tel), mobile subsidiary of Nigerian Telecommunication Ltd (NITEL), has initiated the process of winding the telecoms firm, for failing to pay its debts. The group, M-tel Contractors Group, had...

  • Posted March 26, 2011
  • 0
• Why Nigeria’s economically under developed, by NBTI chief

  Nigeria cannot develop economically if her research innovations do not get to the public, the Director-General, National Board for Technical Incubation (NBTI), Prof. Gambo Laraba Abdulahi, has said. She expressed disappointment that the country is only interested...

  • Posted March 26, 2011
  • 0