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  • Sanusi laments $79pb oil price benchmark may cause inflation

    The Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has warned that the economy will be at risk of inflation if the FG upholds the $79 per barrel, oil price benchmark infused in the 2013...

    • Posted January 22, 2013
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  • Google poised to improve online presence for small businesses in Nigeria

    Knowing how vital small businesses are to the growth and development of an economy, Google Inc the biggest global search engine Company has restated its commitment to aiding small medium enterprises even as it is worried about...

    • Posted January 22, 2013
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  • Nigeria set for 45 Crude Cargo Export from March

    With a view to boosting and enhancing the export of its major Foreign Revenue earner ‘Crude Oil’, Nigeria is poised to step up the level of output by hitting the mark of 45 crude cargoes from the...

    • Posted January 22, 2013
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  • Nigerian Stock Exchange Watch: ASI (-0.27%) As Profit Takers Swarm

    The Nigerian Stock Exchange tumbled in the day’s trading as the All Share Index dropped 27 basis points. The banking sub-sector saw predominantly bearish activity as more top tiers declined. GTBank (-1.45%), Zenith Bank (-1.79%), and UBA...

    • Posted January 21, 2013
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  • SGBN Set To Resume Operations

    The Nigerian banking industry is set to witness the re-entrance of Societe Generale Bank, a company whose license was revoked in in 2006 but restored by court judgement in 2009. SGBN will return as Heritage Bank of...

    • Posted January 21, 2013
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  • Oracle deploys new technology for Cloud Data Management

    In a proactive step to address the challenges that may arise from the increased trend in Global data usage, the Oracle technology solutions Limited, is set to introduce ‘Oracle Infrastructure as a Service on Premise’ to increase...

    • Posted January 21, 2013
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  • Importers, clearing agents call on FG to review tariffs

    Importers and clearing agents have called on the Federal Government to review port tariff and find ways to make the ports more attractive to businesses. They said it was high time the FG reviewed the tariff to...

    • Posted January 21, 2013
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  • SIEMENS denies bidding for PHCN

    Siemens Group has come out with an official statement, refuting that it has stake in the Power Holding Company of Nigeria(PHCN) through any of the companies that has shown interest in the privatization process. It said its...

    • Posted January 21, 2013
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  • Anenih will explain to us how over N20bn remains largely unaccounted for – Olamilekan

    The house committee on Public Accounts has said that the former Peoples Democratic Party Board of Trustees Chairman, Chief Tony Anenih must account for the N20bn road contracts awarded during his term as the Minister of Works....

    • Posted January 21, 2013
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  • PPMC confirms arrest of 67 pipeline vandals

    After several disruptions of petroleum products supply in Nigeria, the Pipeline Products and Marketing Company (PPMC), has announced that about 67 suspects believed to be Vandals who have been damaging pipelines, have been arrested. They have also...

    • Posted January 21, 2013
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  • N2.1bn mint theft: CBN and Reps auditors set to commence Investigation

    Subsequent to the disappearance of N2.1bn of the newly printed N1, 000 notes at the Nigeria Security Printing and Minting Company (NSPMC) in December, the Central Bank has set up a panel to probe the security breach....

    • Posted January 21, 2013
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  • Interest Rates: Out Of Control Government Spending Stays CBN’s Hand

    Plans by the Federal Government to accelerate spending in 2013 will make it difficult for the Central Bank of Nigeria to reduce interest rates. The inflationary effects of an expansive government spending regime will be too volatile...

    • Posted January 21, 2013
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  • Equity Market ‘Too Big To Be Ignored By Foreigners’ – Onyeama

    The Nigerian Stock Exchange recorded inflows of over $4.5 billion inflow from foreign investors in the first eleven months of 2012. So far this year, the market’s capitalization has appreciated by over N700 billion. Analysts and observers...

    • Posted January 21, 2013
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  • Dangote Cement, Oando And Transcorp Join Market Maker Stocks

    The Nigerian Stock Exchange has added the stocks of Dangote Cement, Oando Plc and Transcorp unto the list of market making stocks in the country. The addition of the three companies brings the total tally of market...

    • Posted January 19, 2013
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