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  • Succession Tussle Hits Access Bank, As Aig-Imoukhuede Retires

    A succession tussle over who takes over the helms of affairs when the current Group Managing Director, Aigboje Aig-Imoukhuede, retires at the end of this year, is currently brewing at Access Bank Plc. Aig-Imoukhuede had told shareholders...

    • Posted April 15, 2013
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  • NSE Index falls by 2.3%, as Total declares N4.7bn PAT

    Trading activities on the Nigerian Stock Exchange, NSE, recorded a downward trend last week resulting to a 2.29 percent decline in the All Share Index. Specifically, the All Share Index declined by 787.16 basis points to close...

    • Posted April 15, 2013
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  • EFCC arrests former Nigerian Security Printing and Minting Company boss, Ehi Okoyomon

    Former Managing Director of the Nigerian Security Printing and Minting Company, Ehi Okoyomon was arrested in Abuja   yesterday by operatives of the Economic and Financial Crimes Commission, EFCC. Okoyomon  who resigned recently following the  alleged  disappearance of...

    • Posted April 15, 2013
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  • Ogun signs MoU on light rail project

    The Ogun State government last week signed a Memorandum of Understanding (MoU) with China Civil Engineering Construction Company (CCECC) on the construction of a light rail mass transit. Speaking while signing the MoU in Abeokuta, Governor Ibikunle...

    • Posted April 15, 2013
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  • Investors stake N20.9b on FGN bonds in five days

    • UBA, Zenith, GTB enhance financial sector’s stock profile THE Over-The-Counter (OTC) market for FGN bonds, last week, recorded a turnover of 1.928 billion shares worth N20.990 billion in 28,832 deals in contrast to a total of...

    • Posted April 15, 2013
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  • Custodian & Allied absorbs Crusader Nigeria

    Following the conclusion of the business combination process, Custodian & Allied Insurance Plc has taken over the assets and liabilities of Crusader Nigeria Plc. The enlarged entity would be known as Custodian & Allied Plc. In a...

    • Posted April 15, 2013
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  • Kerosene price rises by 150 per cent

    The price of kerosene has risen by over 150 per cent following the acute shortage of the product in many parts of the country, especially Lagos and its environs. Investigations at the weekend showed that many marketers,...

    • Posted April 15, 2013
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  • Lagos records 61 per cent budget performance in first quarter

    The Lagos State Government has said that it had achieved 61 per cent performance in the fi rst quarter implementation of the state`s budget. Governor Babatunde Fashola who disclosed this said that although the performance was slightly...

    • Posted April 15, 2013
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  • Samsung flags off pre-order for Galaxy S4 in Nigeria

    Leader in digital media and digital convergence technologies, Samsung Electronics West Africa, has announced a date for formally unveiling the fourth generation of its flagship Galaxy S series, the Samsung Galaxy S4, in Nigeria. The device will...

    • Posted April 15, 2013
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  • Electricity consumers to pay N50,000 for pre-paid metres

    From April 25 electricity consumers may pay between N25,000 and N50,000 for pre-paid metres for the single phase and three phase models, respectively,  under the new Credited Advance Pay for Metering Implementation, CAPMI, scheme. The price tag...

    • Posted April 15, 2013
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  • FG sets N1.4trillion target for Customs

    Federal Government has given Nigeria Customs Service, NCS, a target of N1.4 trillion revenue collection for the years 2013. Government was said to have given NSC N800 billion last year, but it imposed N1.2 trillion 2012 target...

    • Posted April 15, 2013
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  • EFCC probes Enugu’s N13.6bn secretariat project

    Economic and Financial Crimes Commission (EFCC), Abuja office, has launched a full scale investigation into an alleged sleaze in the ongoing construction of new state secretariat project in Enugu State, at the cost of N13.6 billion. The...

    • Posted April 15, 2013
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  • NNPC denies looming fuel scarcity in South-West

    The Management of the Nigerian National Petroleum Corporation, NNPC, have informed members of the public to disregard the reports of imminent fuel scarcity in the South-West region. In a statement by the acting Group General Manager, Public...

    • Posted April 14, 2013
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  • NLNG Train7: Shareholders delay $12bn investment

    The continued delay of the Train7 project of the Nigeria Liquefied Natural Gas Limited is holding back fresh Foreign Direct Investment worth $12bn that should have been flowing into the country. Our correspondent learnt that it was...

    • Posted April 14, 2013
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