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  • Intel berths in Nigeria

    Intel stands for a belief in a better future brought about by technology. Exciting, empowering to people around the world, a brand like no other. Intel’s unwavering focus on innovation sound corporate citizenship activities is invaluable in...

    • Posted October 30, 2012
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  • FCMB concludes merger of FinBank, announces nine-months Profit before Tax of N12.1bn

    First City Monument Bank PLC has announced its unaudited IFRS-compliant group results, for the nine-months  ended 30 September 2012. The banking group has also concluded the merger of FinBank, a wholly owned subsidiary acquired on 9 February...

    • Posted October 30, 2012
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  • Africa: following Asia’s footsteps

    What is most surprising about Africa’s boom? Probably not the six-fold surge in oil revenues, which will rise to $300bn annually (three times Africa’s estimated annual infrastructure needs) by the end of this decade – most recognise...

    • Posted October 30, 2012
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  • Naira Gains on Investor Inflows, Oil Industry Supply

    The naira strengthened as offshore investors bought the nation’s short-term debt and oil companies sold dollars to lenders. The currency of Africa’s largest oil producer gained less than 0.1 percent to 157.20 per dollar as of 11:09 a.m....

    • Posted October 30, 2012
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  • FCMB secures a $20 million Loan Deal to Boost SMEs

    In a bid to support its Small and Medium Enterprises (SMEs) customers, FCMB has secured a three-year term loan from Citigroup Global Markets Limited (Citi).   According to a statement from Citibank Nigeria, which was issued on...

    • Posted October 30, 2012
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  • PHCN Assets Sale: 14 Companies Progress to the Next Stage

    The 14 preferred bidders for the Power Holding Company of Nigeria (PHCN) were approved on Monday by the National Council on Privatization (NCP) in the ongoing privatization programme.   After the sixth meeting for the year, the NCP, in Abuja named...

    • Posted October 30, 2012
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  • 2013 Budget benchmark assumption may be a mirage – Analysts

    Oil production has dropped significantly from 2.5 million barrels per day (mbpd) to 2.2 mbpd in the first half of this year due to effects of the flood. According to a weekly report by Afrinvest, the Nigerian...

    • Posted October 30, 2012
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  • NUPENG Seeks Presidential Intervention over Industrial dispute with Shell

    The Presidency has been petitioned by the Nigeria Union of Petroleum and Natural Gas Workers, (NUPENG) over the sack of 17 of its officials including the caretaker committee chair by Shell Petroleum Development Company (SPDC). With the...

    • Posted October 30, 2012
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  • FG Introduces PIF Scheme to Boost Efficiency in Civil Service

    The Federal Government has launched the Performance Improvement Facility (PIF) scheme in ten pilot MDAs. The PIF is expected to improve quality, efficiency and enhance access to services provided by the federal civil Service.   The development...

    • Posted October 30, 2012
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  • Nigeria Stock Exchange Watch: ASI Gains +0.4% as Banks Reverse Losses

      The All Share Index gained 0.4% as banking sector stocks reversed on the losses they sustained in last weeks trading. Demand for bank stocks soared as Zenith (+2.86%), Stanbic (+0%), GTBank (+0.5%) and UBA (+3.13%) traded...

    • Posted October 29, 2012
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  • Farmers receive 3.6 million seedlings from FG

    The Federal Government has commenced free distribution of 3.6 million seedlings of high-yield varieties cocoa pods to farmers across the country. The distribution, which was approved by the Agricultural Research Council of Nigeria (ARCN), was done in...

    • Posted October 29, 2012
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  • SMEs say high lending rates are killing their businesses

    Operators of micro, small and medium-sized businesses have said that high lending rates by  Deposit Money Banks in the country are denying them access to credit facilities, thereby leading to the collapse of many  small  businesses. Our...

    • Posted October 29, 2012
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  • Dangote Leads Polls in Forbes Africa Person of the Year Award

    Alhaji Aliko Dangote, Africa’s richest mand and leading industrialist is leading the polls in the Forbes Africa person of the year award with 14,977 votes or 39.8% of the total votes polled. His closest competitor is Joyce...

    • Posted October 29, 2012
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  • Uduaghan and his Pet White Elephants

      Last week the World Bank warned several resource rich African countries about allowing their governments embark on White Elephant projects. Obviously Governor Emmanuel Uduaghan of Delta State was not listening. He’s the sort of man that...

    • Posted October 29, 2012
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