Latest News
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Nigerian Stock Exchange: All Share Index Crosses 32% YTD Performance
The Nigerian Stock Exchange crossed 32% in year-to-date performance today as Diamond Bank bagged another 9%+ price appreciation in today’s trading. The ASI closed at 27,371.30 gaining 1.35% in today’s trading. Market capitalization was N8.7 trillion ($55 billion)....
- Posted October 11, 2012
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Pharmaceutical Company Sues Taskforce On Counterfeit Drugs
In a bid to redress the injustice alleged to have been meted out to them, two Directors of a pharmaceutical company, Mr. Samuel Ediu and Superintendent pharmacist, Alexander Ani Eton and their company, Edichart Investment Limited, have...
- Posted October 11, 2012
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Author of Rich Dad, Poor Dad Files for Bankruptcy
When you make millions giving financial advice to other people, the last thing anyone expects is for you to go bankrupt. Robert Kiyosaki, author of the best-selling book, “Rich Dad, Poor Dad,” has filed for...
- Posted October 11, 2012
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“The budget for 2013 better than that of 2012” – Economist
An economist, Katchy Ononuju on Thursday said that next year’s budget as proposed by President Goodluck Jonathan before a joint session of the National Assembly on Wednesday is by far better than that of 2012. Mr Ononuju,...
- Posted October 11, 2012
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Okechukwu Ofili: My Beef With Nigerian Bookstores Especially Silverbird
A wise man once told me, do not speak or write when you are angry. ok I lied, a wise man never told me that ish….I read it on the Internet some time ago when I was...
- Posted October 11, 2012
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Nigeria Gains From Zimbabwe as Farmer Helps Cassava Drive
Graham Hatty, who was forced off his land in Zimbabwe a decade ago, is helping Nigeria in its drive to return to food self-sufficiency. The cassava he grows in central Kwara state was on the first ship exporting the...
- Posted October 11, 2012
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Four Nigerian farmers sue Shell in Dutch court over pollution
Four Nigerian farmers sued Shell before a Dutch court, accusing the oil giant of destroying their livelihoods in a case that could set a precedent for global environmental responsibility. The civil suit, backed by lobby group Environmental...
- Posted October 11, 2012
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Facebook hits 1 billion users
Facebook is now the world’s biggest social network, a major landmark in spite of a devastating stock market introduction. The users have reportedly reached the one billion mark. According to the Co-founder and Chief Executive of...
- Posted October 11, 2012
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Digital Marketing is the Future
The Managing Director of Wildfusion, Mr. Abasiama Idiaresit says digital marketing is the new future of advertising. It is perceived as the next boom in marketing and he has urged Nigerians to take advantage of the new...
- Posted October 11, 2012
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National Cocoa production to hit 500,000 MT by 2015
The Federal Government has made plans to double cocoa production from 250, 000 to 500, 000 metric tonnes by 2015. This development was revealed by the Minister of Agriculture Dr Akinwumi Adesina, while delivering a keynote address...
- Posted October 11, 2012
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FG Budgets N250 billion for Turnaround Maintenance of Refineries
The Federal Government in its determination to revamp the Port Harcourt, Warri, and Kaduna refineries is prepared to spend N250 billion. The federal Government has already spent $32 million (about N 4.9 billion) for materials needed. This...
- Posted October 11, 2012
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Nigeria is our Biggest Trade Partner in the Region – EU Ambassador
The European Union’s (EU) Trade Investment in Nigeria is valued at N6 trillion by Dr. David MacRae, the EU ambassador to Nigeria. As part of plans to deal with power supply challenges in Nigeria, the EU has...
- Posted October 11, 2012
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2013 Budget: Jonathan Proposes N4.9 trillion Expenditure
President Goodluck Jonathan presented the proposed 2013 budget to the National Assembly yesterday. The N4.92 trillion budget is 5% more than the N4.7 trillion budget approved for 2012. The proposed budget contains a lion-share of N1.1 trillion...
- Posted October 11, 2012
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Experts express fears over Nigeria’s mounting debts
Amidst worry by experts in and outside government about the rapid growth rate of Nigeria’s debt- domestic and external, the Federal Government, through the Debt Management Office (DMO), last week spoke of plans to borrow $25 billion...
- Posted October 10, 2012