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  • “It is far from perfect” – Banks’ customers fault cashless policy

    The Central Bank of Nigeria (CBN) championed the cash-less policy last year but failed to lay a solid foundation for its institutionalization on the streets, although, some people have already imbibed the policy and are using it,...

    • Posted January 7, 2013
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  • Nigeria’s delay in broadband implementation could hamper $1billion Telco investment – Accenture

    Leading Consulting Group Accenture has raised the alarm that delay in the implementation of the Broadband Internet Policy in Nigeria, had the potential of affecting huge investment into the Mobile and Information Technology sectors. With the recent...

    • Posted January 7, 2013
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  • FG to set up Asset Management Company for NNPC

    With a view to bringing accountability, transparency, efficiency, productivity and strategic leadership direction into the Nigerian National Petroleum Corporation (NNPC), the Federal Government is planning to set up an asset holding company for number one oil firm...

    • Posted January 7, 2013
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  • NCC, SON Sends Out a Strong Message to Violators in 2013

    The Nigerian Communication Commission (NCC) last Friday sent out a warning message to Telecom operators who failed to adhere to rules and regulations of the commission, stating that the commission will not let any offender go unpunished...

    • Posted January 6, 2013
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  • Dagogo-Jack backs President Jonathan on 5,000MW power generation claim

    The Presidential Task Force on Power (PTFP) has backed President Goodluck Jonathans on 5,000MW Power Generation claim, saying, “President Jonathan did not lie” Speaking on the development in Abuja, PTFP moved against media reports, which misinterpreted the...

    • Posted January 5, 2013
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  • FG denies media reports about N60bn budget for farmers’ mobile phones

    The Federal Government yesterday refuted the recent media report that it is investing N60bn in the purchase of mobile phones for rural farmers. This denial was forwarded by the Minister of Agriculture and Rural Development, Dr. Akinwumi...

    • Posted January 5, 2013
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  • Nigerian Stock Exchange Watch: ASI (+2.41%) Up Big In Week One

    The All Share Index closed the first week of 2013 up 2.41% to settle at 28,538.06. Friday saw the index appreciate by 0.34%, even as the market capitalization  crossed N9.12 trillion. Trading volumes were healthy with over 291...

    • Posted January 5, 2013
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  • Wema Bank Reports N1.8 billion Loss in Q3, 2012

    Wema Bank released its 3Q, 2012 results late last week. The company say Gross Earnings reach N19.8 billion, up 14.1 from N17 billion made over the corresponding period in 2011. A drop in investment income of 63%...

    • Posted January 5, 2013
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  • Fidson calls for support from NAFDAC against drug counterfeiting

    Fidson Healthcare Plc, a manufacturing giant yesterday called on stakeholders in the pharmaceutical industry to lend a helping hand to the National Agency for Food, Drugs Administration, and Control (NAFDAC) on the fight against fake drugs and...

    • Posted January 5, 2013
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  • SEC Budget Impasse May Hinder FDI

    The failure by the lawmakers to pass the 2013 budget for the Securities and Exchange Commission (SEC) may lead to a stoppage of the Foreign Direct Investment (FDI) inflows to the country. Capital market operators made the...

    • Posted January 5, 2013
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  • Petrol Truck Electronic Loading commences in Nigeria

    Petroleum Electronic Truck Loading concept has started in Africa’s biggest Oil producing nation, Nigeria. The Concept which is being driven by the Petroleum Equalisation Fund Management board has been designed to improve operations in the downstream sector....

    • Posted January 5, 2013
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  • Starcomms shareholders give nod to $210 million acquisition by Capcom

    In its quest to become a key driver and player in the mobile technology Industry, Starcomms Nigeria Networks Limited is set to re-strategize its business direction as its shareholders have approved the whooping $210 million deal, ceding...

    • Posted January 5, 2013
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  • Naira Slips On Interbank Auction As CBN Auction Suspension Lingers

    The Naira fell further against the dollar this week at the inter-bank market as a result of the Apex bank’s suspension of its bi-weekly currency auctions. According to Bloomberg data, the Naira slipped 0.3 percent to N156.7 per...

    • Posted January 4, 2013
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  • Gtbank Re-Affirms Commitment To Secure Banking

    Guaranty Trust Bank plc has re-affirmed its commitment to the safety of stakeholder funds as it prepares for the 2013 financial year. Investigations show the Bank has installed several new technologies and introduced a number of internal...

    • Posted January 4, 2013
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