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  • FirstBank emerges Best Bank in West Africa

    The celebration of the continent’s brightest financial minds and institutions at the African Banker Awards in Marackech, Morroco last week culminated in the emergence of First Bank of Nigeria Limited as the ‘Best Bank in West Africa....

    • Posted June 3, 2013
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  • FBN Holdings shareholders approve N32.63b dividend

    Directors of FBN Holdings, at its first annual general meeting on Friday in Lagos assured its shareholders of the company’s resolve to continue doing business in a manner that would translate into success and more dividend payout...

    • Posted June 3, 2013
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  • Lagos to go tough on telecoms operators

    As part of the overall objective of keeping all drainages and collectors free so as to substantially reduce flooding in the state this year, the Lagos State Government is set to go hard on telecommunications firms over...

    • Posted June 3, 2013
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  • DMO concludes external debt profile, says states, FCT owe $2.384b

    After five years of hard work, the Debt Management Office (DMO), at the weekend said it has ascertained that the Nigeria’s 36 states and the Federal Capital Territory (FCT), Abuja owe $2.384 billion in external debts as...

    • Posted June 3, 2013
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  • Nigeria seeks Japan’s support on power supply, transportation

    The Federal Government has sought Japan’s assistance to develop infrastructure in the country. Specifically, the government wants Japan’s support in the areas of power supply, transportation, health, agriculture as well as Information and Communication Technology. Vice-President Namadi...

    • Posted June 3, 2013
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  • FG to privatise 10 NDPHC power plants

    The Federal Government has decided to sell 80 per cent stake in each of the 10 independent power generation plants built by the Niger Delta Power Holding Company. Plans have also been concluded for a road show...

    • Posted June 3, 2013
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  • Forbes declares Aliko Dangote first African to hit $20 Billion; now among world’s richest 25

    Renowned international journal, Forbes, says Nigerian billionaire and Africa’s richest man, Aliko Dangote has become the first African entrepreneur to lay claim to a $20 billion fortune as the stock value of his largest holding, Dangote Cement,...

    • Posted June 2, 2013
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  • 2013 Budget: Enugu to borrow over N7billion

    Enugu State government says it would borrow over seven billion naira this year to fund different developmental projects contained in its 2013 budget. The Commissioner for Finance and Economic Planning in the state, Godson Nnadi, who made...

    • Posted June 2, 2013
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  • Mobile number portability will engender competition among operators – NCC

    The Nigerian Communications Commission, NCC, said it introduced the Mobile Number Portability, simply referred to as “porting”, into the telecoms industry in order to create healthy competition among the operators. Executive Vice Chairman of the NCC, Dr....

    • Posted June 2, 2013
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  • Pipeline explodes in Lagos

    A pipeline explosion occurred on Saturday at Ijeododo in Ojo Local Government Area of Lagos State. Panic-stricken residents, who said they initially thought it was an attack on the community, blamed the explosion on activities of vandals...

    • Posted June 2, 2013
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  • Bonga: 19 new oil wells may gulp N1.96tn

    Indications emerged on Friday that Shell Nigeria Exploration and Production Company Limited will spend $12.35bn (about N1.96tn) on the planned drilling of 19 new oil wells as part of the expansion of Bonga deep water oil field....

    • Posted June 2, 2013
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  • FG to terminate Ikorodu-Sagamu Road contract

    The Federal Government will soon terminate the reconstruction contract of the Ikorodu-Sagamu Expressway, the Minister of Works, Mr. Mike Onolememen, has said. Onolememen disclosed this when the Manufacturers Association of Nigeria paid him a courtesy visit in...

    • Posted June 2, 2013
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  • Cheque printing: Accredited firms may not meet local demand

    There are indications that the recent decision by the Central Bank of Nigeria, CBN, to accredit only two local firms to print 300 million cheques and other security paper instruments for the  22 banks in the country...

    • Posted June 2, 2013
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  • How petrol marketers swindle motorists

    Sharp practices in the downstream sector of the  Nigerian  petroleum industry have continued  to have a heavy toll on end users as many  fillings stations selling Premium Motor Spirit also known as  petrol  in the country have...

    • Posted June 2, 2013
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