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  • Stanbic IBTC Stockbrokers Appointed to Manage FG Bonds

    In what can be described as a major breakthrough, the Stanbic IBTC stockbrokers group has been named by the Debt Management Office (DMO) to manage and secure the Federal Government Bonds. This is to mobilize and galvanize...

    • Posted December 21, 2012
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  • Nigerian Stock Exchange: ASI (+0.58%) Closes Positive, GTBank (+6.59%) Leads Winners

    The All Share Index closed in positive territory, up 58 points to rest at 27,508.09. Today’s performance was led by GTBank (+6.59%) which closed on top of the market. The banking sector recorded mid-level activity as Diamond...

    • Posted December 20, 2012
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  • House of the Week: N65 Million 5-Bedroom Duplex for sale at Chevy View Estate, Lekki, Lagos

    Our property of the week is this exceptional 5 Bedroom duplex located at Chevy View Estate, Lekki, Lagos. This house is uniquely designed and excellently finished. All rooms are neatly completed with P.O.P ceiling & floor tiles....

    • Posted December 20, 2012
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  • Lagos-Kano Inter City Passenger Train services to start on Friday

    BARRING any unforeseen circumstances, the Nigerian Railway Corporation (NRC) will Friday begin the much-awaited flagship, Lagos-Kano Inter City Passenger Train and haulage of petroleum products. Minister of Transport, Senator Idris Umar is billed to perform the ceremony....

    • Posted December 20, 2012
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  • Babalakin Fights Hard To Avoid Arrest and Detention

    Embattled Chairman of Bi-Courtney, Dr. Olawale Babalakin has continued to fight the Economic and Financial Crimes Commission (EFCC). Babalakin yesterday filled an ex-parte application at the Federal High Court in Lagos to hold back the Attorney-General of...

    • Posted December 20, 2012
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  • Senate Gives up Pension funds probe, Leaves Maina to God

    The Senate committee probing the management of pension funds, the same committee that ordered the arrest of Maina said they will leave him to God. The committee adjourned its sitting until further notice. According to the Chairman...

    • Posted December 20, 2012
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  • Five Governors Accused of N7 trillion Embezzlement from Derivation Fund

    Five state governors have been accused by oil producing communities for embezzling N7.282 trillion. The communities alleged that for the past 13 years the Governors of Akwa Ibom, Rivers, Edo, Bayelsa, and Ondo received the amount as...

    • Posted December 20, 2012
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  • DISCOs Need N170bn to Provide Adequate Meters

    About 2.8 million customers still do not have meters, six months earlier NERC ordered electricity distribution companies to provide meters to all consumers within 18 months. Research has shown that the sum of N170bn will be needed...

    • Posted December 20, 2012
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  • Recurrent Budget Expenditure Experiences New Highs After Decade Of Democratic Rule

      Recent statistics and analysis have shown that the budget expenditure at the recurrent level, has increased astronomically since Nigeria returned back to  Civilian rule. A development that would obviously call for more frugality and caution. In...

    • Posted December 20, 2012
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  • U.S Crude Oil Surge Creates Concern For Nigeria.

    One of Nigeria’s greatest partner in the oil market the United States of America, just released an information that has generated a lot of concern at the moment in the energy market. The information is that the...

    • Posted December 20, 2012
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  • Benue governor, Suswam presents N130bn budget to State Assembly

    Benue State Governor Gabriel Suswam, Tuesday presented the 2013 budget proposal of N130 billion to the Benue State House of Assembly, tagged “Budget of Development and Growth Effectiveness.” The Governor said his administration has shown exemplary leadership...

    • Posted December 19, 2012
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  • FG stops importation of sugar and cement

    The construction sector of the Nigerian economy has received a boost as the Federal Government rolls out policies aimed at making cement available at affordable prices, starting from January 2013. In this regard, the Federal Government said...

    • Posted December 19, 2012
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  • Ijeododo Pipeline Explosion: Vandals Combat Rescuers

    The pipeline explosion at Ijeododo in Iba Local Council Development Area (LCDA), Lagos State has continued to burn as fire fighters are confronted with natural and manmade setbacks. Fire fighters are finding it difficult to calm the...

    • Posted December 19, 2012
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  • PIB and the Future of Nigeria’s Oil Industry: A presentation by Seplat MD, Avuru, at the Nigerian Economic Summit 2012

    On December 4, 2012, Mr. O. A. Avuru, Managing Director and Chief Executive Officer of Seplat Petroleum Development Company Limited, presented a position paper at the 18th Nigerian Economic Summit in Abuja. In his lecture titled: “The...

    • Posted December 19, 2012
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