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  • Starcomms Shareholders Approve N35 billion Deal With Capcom

    Shareholders of Starcomms Plc, a leading CDMA provider in the country, have approved the acquisition of the company by Capcom Limited. The approval was given by a special resolution at the company’s Annual General Meeting in Abuja...

    • Posted December 31, 2012
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  • NEITI to audit energy and solid minerals sector

    With a view to ensuring that accountability, integrity, transparency and probity are restored in the operations of the lucrative Energy and Solid Minerals sector in the nation’s economy, the National Extractive Industries Transparency Initiative, says it is...

    • Posted December 31, 2012
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  • House of the Week: 2 Bedroom Bungalow (off-plan) at Pinecreek Estate, Abuja

    Our property of the week is this 300 sqm of land for the construction of a 2 Bedroom Bungalow at Pinecreek Estate, Abuja. The plots are available for N850,000 (Payable in four equal instalments of N212,000) only....

    • Posted December 28, 2012
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  • Money raised from sale of MTN shares to be invested in Union Bank

    AFRICAN Capital Alliance (ACA), the core investor in Union Bank of Nigeria Plc, plans to invest the money harvested from the sale of its shares in MTN Nigeria in the Nigerian Bank. THE CITIZEN learnt that the...

    • Posted December 28, 2012
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  • NAMA given high rating for the Airfield lighting of Lagos Airport

    The completion of the Airfield lighting project for the Murtala Mohammed Internatiional Airport (MMI) known as the ‘Runway 18L’, an amazing blend of technology and innovation has been commended by practitioners in the Aviation Industry. The group...

    • Posted December 28, 2012
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  • Foreign Investors Injected N1.5 trillion Into Nigerian Stock Exchange In First Ten Months of 2012

    Statistics from the Central Bank of Nigeria has shown that the local investor apathy as concerns the Nigerian equities market is not borne by foreign investors. According to the CBN, out of $12.64 billion in Foreign Direct...

    • Posted December 28, 2012
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  • PIB Bill will be top priority for National Assembly in 2013

    Considering how vital and sensitive the Petroleum sector is to the Nation, the National Assembly in the year 2013 will be focused and committed to fast-tracking and facilitating the final passage of the long awaited ‘Petroleum Industry...

    • Posted December 28, 2012
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  • Audit of Power Sector by KPMG reveals MYTO abuse

    Renowned Global Auditing and Accounting firm KPMG has revealed in its recent audit of the operations and activities of the Nigerian Electricity Suppliers Industry , the abuse of the Multi Year Tariff Order, a cost effective electricity...

    • Posted December 28, 2012
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  • FG prepares to introduce new cargo clearance regime, dumps RAR for PAAR

    A new cargo clearance regime will soon be unveiled at Nigerian seaports, boarders, as well as airports. The Federal government, which has concluded all arrangements for the regime, calls it pre arrival assessment report (PAAR) to replace...

    • Posted December 28, 2012
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  • Governor Fashola gives out transformers worth N975m through lawmakers for Constituencies

    In a bid to boost electricity generation and distribution in Lagos state, the Lagos State Government has dished out 140 transformers. The transformers cost the government a fortune of N975m. Among the beneficiaries were members of the...

    • Posted December 28, 2012
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  • Pension fraud: Senate plans to come back strong against Maina and his Group

    The Senate committee probing the management of pension funds, the same committee that ordered the arrest of Maina and later said they will leave him to God is now planning tougher measures against the Pensions Reform Task...

    • Posted December 28, 2012
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  • Power Firms To List On Nigerian Stock Exchange

    Nigerian power firms will be required to list on the Nigerian Stock Exchange within the next five years. The impending regulation indicates that foreign power firms such as Siemens, Korea Electric Power Corporation, will be forced to...

    • Posted December 28, 2012
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  • Regulation​s For Islamic Sukkuk Bonds Ready Early 2013

    The Securities and Exchange Commission (SEC) has signalled that it will pass regulation governing the issuance of Islamic-compliant Sukkuk bonds in the first quarter of 2013. The DG, of SEC, Arunma Oteh disclosed this to journalists interviewing...

    • Posted December 28, 2012
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  • Warri Refinery not closed – NNPC

    ontrary to reports and claims that operations at the Warri refinery have been shut down temporarily for routine maintenance, the Nigerian National Petroleum Corporation (NNPC) has come out to deny any of such developments. In a statement...

    • Posted December 28, 2012
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