Latest News

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  Nigeria loses $2.7bn to oil production decline

  Nigeria is estimated to have lost about $2.7 billion or N426 billion from decline in crude oil production in the last quarter of 2012 – October to December, even as it earned $16.075 billion or N2.54 trillion...

  • Posted February 26, 2013
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  Nokia unveils £13 phone that only needs to be charged once a month

  Nokia has unveiled a simple £13 mobile phone that can last for 35 days on a single charge. It is aimed at emerging markets where electricity is rare, but could also be sold as a back-up phone....

  • Posted February 26, 2013
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  Fashola seeks increased cooperation between UK and Nigeria

  The Lagos State Governor, Babatunde Fashola on Monday canvassed increased relations between Nigeria and the United Kingdom, saying more areas of opportunities are still unfolding on both sides that call for greater attention for the mutual benefit...

  • Posted February 26, 2013
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  SON sets May 21st deadline for E-Registration of goods in Nigeria’s market

  Effective from 21st of May, 2013 all products to be sold in any Nigerian market must be electronically registered with the Standards Organization of Nigeria (SON) or risk being confiscated and destroyed. This warning is coming on...

  • Posted February 26, 2013
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  Arsenal announce £17.8 million profit before tax

  Arsenal Holdings plc has announced its financial results for the half-year to the end of November 2012. Announcing the results, chairman Peter Hill-Wood said: “Our ability to compete at the top of the game here and in...

  • Posted February 25, 2013
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  Ikeja Computer Village to be relocated to Katangowa Market

  As a follow up to the story on the relocation of Ikeja Computer Village, our correspondent, during a visit to Katangowa Market, along Lagos-Abeokuta expressway, gathered that Katangowa is the proposed site where the Ikeja traders may...

  • Posted February 25, 2013
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  Banks’ growth will reflect in real sector – CBN

  Deputy Governor at the CBN, Alhaji Suleiman Barau says the apex bank will ensure that the growth recorded in the banking sector is transmitted to real sector. Barau made the pledge in Lagos on Friday, 22, 2013...

  • Posted February 25, 2013
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  Aganga approves downward review of business registration

  The Minister of Trade and Investment, Olusegun Aganga has approved the downward review of the cost of Business Registration at the Nigerian Investment Promotion Commission (NIPC) from N50, 000 to N15, 000 ($100), With clear intention of...

  • Posted February 25, 2013
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  It is strange some Nigerians are opposed to PIB – Peterside

  Hon. Dakuku Peterside representing Opobo/Nkoro/Andoni federal constituency  at  the House of Representatives is the Chairman of the Green Chamber’s Committee on Petroleum (Downstream). In this interview he gives a deeper insight into the content of the Petroleum Industry...

  • Posted February 25, 2013
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  MTN Nigeria unveils BlackBerry 10 data plans

  MTN have revealed that the unlimited data service that had become a hallmark of BlackBerry devices in most African countries will not be offered with the BlackBerry Z10 on network. MTN gave the warning to customers that...

  • Posted February 25, 2013
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• Police declare two wanted over wonder banks

  The Police in Lagos have declared two people wanted for conspiracy, fraud, obtaining money by false pretence and operating  illegal financial institution/wonder banks in Kachia town, Kaduna state. Pastor Godswill  P. Yazonom and Engineer Philemon I. Gora were...

  • Posted February 24, 2013
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  Oteh calls for bracing of risk-based supervision

  Chairperson, Africa and Middle East Regional Conference (AMERC) of the International Organisation of Securities Commissions (IOSCO) and Director General of the Securities and Exchange Commission of Nigeria, Arunma Oteh, has called on securities market regulators across Africa...

  • Posted February 24, 2013
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  Investors panic over nationalised banks report

  Tension is rising among interested investors in the three nationalised banks as financial advisers appointed to value the banks have failed to submit their reports. The consultants, appointed in August last year to act as advisers in...

  • Posted February 24, 2013
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  UPDC’s REIT seeks N30b in capital market

  The UACN Property Development Company  (UPDC) Plc’s Real Estate Investment Trust (REIT) seeks to raise N30 billion  in the capital market through the offer for subscription of three billion units of N10.00 each at par. The offer which is...

  • Posted February 24, 2013
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