Latest News

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  Nigerian Stock Exchange Watch: ASI (+1.76%) Gains As YTD Performance Hits 4%

  The All Share Index gained 1.76% to close at 29,202. This brings the year to date performance of the market to 4%. The strong performance of the market was led by the appreciation of key stocks in...

  • Posted January 12, 2013
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• EFCC grants Soludo bail, seizes international passport

    Prof Charles Soludo has been granted bail by the Economic and Financial Crimes Commission (EFCC). The Ex-CBN boss was arrested over an alleged involvement in the Australian polymer banknotes bribery scandal estimated at over N750m. The...

  • Posted January 12, 2013
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  Yusuf Taofeeq Olanrewaju arrested with $767,500 at Lagos Airport

  A man known for his frequent trip to Hong Kong, Yusuf Taofeeq Olanrewaju was yesterday arrested at the Murtala Muhammed International Airport by the Nigeria Customs Service (NCS) with $767,500. Olanrewaju boarded an Emirates flight number EK782...

  • Posted January 12, 2013
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  Delays in investment affects $15 billion Brass LNG Project

  One of the World’s biggest natural gas development projects, the Brass LNG is experiencing some challenges in its operation, due to its inability to woo investors. The Company which was expected to position Nigeria among the major...

  • Posted January 12, 2013
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  FG to secure $160m loan for power generation and transmission from AfDB

    The Minister of State for Power, Hajiya Zainab Ibrahim Kuchi has disclosed that the Federal Government has finalized arrangement to secure a 160million loan from the Africa Development Bank (AfDB). Kuchi said the FG has made...

  • Posted January 12, 2013
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  CBN Inaugurates 37 Licensed Micro-Finance Banks In Kano

  THE Central Bank of Nigeria (CBN) has granted licence to Kano State government to establish 37 micro-finance banks in the state. The Governor of CBN, Sanusi Lamido Sanusi made this known during the inauguration of the 37...

  • Posted January 12, 2013
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  Diamond Bank set to empower entrepreneurs

  In continuation of its support for Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria, Diamond Bank in partnership with the Enterprise Development Centre of Pan African University is set to unveil the five successful entrepreneurs for...

  • Posted January 11, 2013
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  Facebook now charging $100 to send a personal message to Mark Zuckerberg

  We knew Facebook was eager for new revenue streams. We just didn’t know they were this eager. If you try to send founder and CEO Mark Zuckerberg a message on Facebook, Mashable discovered Thursday, the social network...

  • Posted January 11, 2013
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  Etisalat renews agreement with Alcatel-Lucent to improve service quality

    One of Nigeria’s GSM service providers Etisalat, a part of the UAE Investment Consortium, has renewed a fresh agreement to provide high quality service network for its subscribers, with a view to courting more in the...

  • Posted January 11, 2013
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  Oando, NNPC and 30 others get Q1 Fuel Import License

  Only 32 Companies have been issued permits to import fuel into the Country for the First Quarter of 2013 by the Petroleum Products Pricing Regulatory Agency (PPPRA). This is a reduction from the initial 38 Companies that...

  • Posted January 11, 2013
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  Experts fear FG’s capacity to protect $25 billion telcos industry infrastructure

  Stakeholders in the Information Technology sector have in their forecast and outlook for the year 2013, stressed that the Federal Government lacks the ability to secure the over $25 billion worth Infrastructure, brought to the Country by...

  • Posted January 11, 2013
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  House of the Week: N35 Million 4-Bedroom Semi-Detached Duplex at Kings Court Estate, Dakibiyu, Abuja

  Our property of the week, is this exceptional 4-Bedroom Semi-Detached Duplex, located at Kings Court Estate in Dakibiyu, Abuja. This newly constructed property, features 4 large bedrooms, which are fitted with wardrobes and ensuite facilities. The house...

  • Posted January 11, 2013
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  More Foreign Investors To Take Positions In Stock Market – Analysts

  Analysts that track the activity and fundamentals of the Nigerian Stock Exchange are of the opinion that more foreign investors will take positions in 2013. Meristem Securities Analysts said investor confidence was returning due tot he strong...

  • Posted January 11, 2013
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  Final winners emerge in Ecobank promo

  Final set of winners on Thursday emerged at the Ecobank ‘Win Big Promo’ with Green James Rose of King Jaja branch in Bonny, Rivers State, winning the grand prize – a Nissan sports utility vehicle. Rose emerged...

  • Posted January 11, 2013
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