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  • Nigerian Stock Exchange Watch: ASI Dips Marginally as AIICO Gains 9.68%

    The Nigerian Stock Exchange shed marginally today, dropping 0.02% to bring the year-to-date performance to 27.55%. The All Share Index closed at 26,442.67 and the market capitalization of the entire bourse was N 8.4 trillion. The Consumer...

    • Posted October 5, 2012
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  • Nigeria now has 105.2 million active mobile telephone lines

    The country’s mobile telephone subscriber base has continued to record strong growth with the number of active mobile telephone lines hitting 105.2 million in August, the latest subscriber data released by the Nigerian Communications Commission has revealed....

    • Posted October 5, 2012
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  • No reliable statistics on Nigeria’s poverty rate – World Bank

    The World Bank has said there is no reliable data with which to correctly measure the decline or increase in Nigeria’s poverty rate. In a video press conference to mark the release of Africa’s Pulse, an analysis...

    • Posted October 5, 2012
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  • Desmond Tutu honoured with $1 million outstanding African Leadership Award

    Archbishop Emeritus Desmond Tutu has won the “one-off’’ Extraordinary award of Mo Ibrahim Foundation. Mo Ibrahim, the chairman of the Foundation, told newsmen on Thursday in Johannesburg that the body gave Tutu the award for his lifelong...

    • Posted October 5, 2012
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  • Central Bank approves voters’ card for banks

    In an effort to further deepen the level of financial inclusion in the country, the Central Bank of Nigeria (CBN) has approved the use of voters’ registration card as a means of identifying customers for the purpose...

    • Posted October 5, 2012
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  • House of the Week: Astonishing N170m Five-Bedroom Detached House For Sale In Lekki Phase 1, Lagos

    This 5 bedroom detached house comes with a 1 bedroom b/q  and is  located at Chesachi Hani Okoroafor Close, Lekki Phase 1 . Facilities include Swimming pool, car port, ample parking space, security house, water treatment plant, fitted...

    • Posted October 5, 2012
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  • Ministers stall probe of N155bn Malabu oil deal

    The bid by the House of Representatives to probe the controversial sale of an oil block, OPL 245, was stalled on Thursday by key Federal Government officials with information on the deal. The alleged “shady sale” involved...

    • Posted October 5, 2012
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  • Nigeria Targets More Than $20 Billion Investment Within 3 Years – Olusegun Aganga

    Nigeria, Africa’s biggest oil producer biggest oil producer, wants to attract more than $20 billion in foreign direct investment within three years, Trade and Investment Minister Olusegun Aganga said. The West African nation increased the amount of...

    • Posted October 5, 2012
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  • Nigerian-Brazil Bilateral Trade hits N1.5trn

    The Nigerian Brazilian Chamber of Commerce and Industry (NBCCI) disclosed that bilateral trading between Nigeria and Brazil reached a total of $9.6 billion (N1.5 trillion) in 2011.   The President of the chamber, Mr. Emmanuel Ibru while...

    • Posted October 5, 2012
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  • Importers Advocate for Merger of Customs Commands in Apapa

    The Nigerian Importers Advocacy and Support Group (NIASG), a new body has requested for the union of the Lilypond Customs Command into the Apapa Area One Command of the Nigeria Customs Service (NCS). The representatives of NIASG...

    • Posted October 5, 2012
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  • GTBank is Nigeria’s Biggest Bank by Market Capitalization

    GTBank is currently Nigeria’s biggest bank by market capitalization value. Market Capitalization represents the share price of a company multiplied by its number of outstanding shares. By this metric, GTBank is leading the financial services industry as...

    • Posted October 5, 2012
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  • AFDB collaborates with IITA to aid farmers in flooded states

    An agricultural-assisted programme, the African Development Bank (AFDB) has concluded arrangements to collaborate with the International Institute of Tropical Agriculture (IITA), in a bid to support farmers in the flood besieged states.   Dr Ibrahim Arabi, who...

    • Posted October 5, 2012
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  • Union Bank Repays CBN $800 million Bailout Fund

    Union Bank of Nigeria Plc yesterday announced that it had paid its $800 million bailout fund it collected from CBN, this development was made possible following the huge leap in its deposit and current accounts.   Speaking...

    • Posted October 5, 2012
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  • We are Worried About the Petroleum Industry Bill – Shell

    Royal Dutch Shell’s Vice President for finance and strategy in sub-Saharan Africa, Bernard Bos, has made it clear that the PIB is giving many oil majors operating in the country sleepless nights. The oilman said Nigeria has the...

    • Posted October 5, 2012
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