Don't Miss


Latest News

  • Epic Petrochemicals to establish $10 billion refinery in Bayelsa

    Epic Petrochemicals, a Nigerian firm is set to establish a $10 billion 100,000 barrels per day refinery at Oporoma in Bayelsa State. The company is teaming up with Sino Asia Energy Company Limited as technical partners and HSBC Global...

    • Posted September 20, 2012
    • 0
  • American investors Eye Nigeria’s Agric Sector, Pledge $6 billion

    The minister of Agriculture, Akinwumi Adesina, has disclosed that American investors have committed to spend $6 billion on Nigerian agriculture based projects. The minster disclosed this whilst signing a Memorandum of Understanding (MOU) with the Tony Elumelu...

    • Posted September 20, 2012
    • 1
  • Forbes names Ralph Lauren as richest man in fashion

    Forbes has named American fashion designer and business executive Ralph Lauren as the richest man in fashion. Lauren, 72, topped the 400 list with a net worth of $6.5 billion, more than his financial estimate last year....

    • Posted September 19, 2012
    • 1
  • FirstBank Launches Mobile Money Service (FirstMonie)

    Determined to ensure that the vast majority of the unbanked and the underbanked Nigerians enjoy superior financial services, Nigeria’s Number One bank brand*, First Bank of Nigeria Plc (FirstBank), today launched its mobile money service, FirstMonie,in a move...

    • Posted September 19, 2012
    • 0
  • Premium Times: Jonathan agrees to reverse N5000 note plan

    President Goodluck Jonathan has agreed to reverse his administration’s plan to introduce the 5000 naira note. The currency restructuring, announced by the Central Bank of Nigeria, would have seen the unveiling of the N5000 note as the...

    • Posted September 19, 2012
    • 2
  • Jennifer Ehidiamen: We’re not just consumers: Empowering our generation of innovative Africans

    Africans are often regarded as big consumers and small producers, even though the continent is rich with natural and human resources. Our capacity to consume in Africa far outweighs our local production level. We can boast of...

    • Posted September 19, 2012
    • 0
  • Introducing Egole: A new experience in online shopping

    Egole, is a word which in Igbo, the major language in South-East Nigeria for “what is the price”, or “how much.” While playing with the word, Courteville Business Solutions Plc, recently announced the establishment of an online...

    • Posted September 19, 2012
    • 1
  • Central Bank retains interest rate at 12 percent

    The Central Bank of Nigeria (CBN) kept its base interest rate on hold for the sixth time in a row on Tuesday, welcoming improved growth and a slight fall in headline inflation, but warning that core inflation...

    • Posted September 19, 2012
    • 0
  • Christopher Okonkwo: N5,000 note as harbinger of hardship

    First, it was the Structural Adjustment Programme in 1986. Then head of state, Gen. Ibrahim Babangida, in trying to redress the external debt crisis facing the country, stirred up socio-economic problems when he agreed to the loan...

    • Posted September 19, 2012
    • 0
  • Islamic banking will make Nigeria largest African economy in 2013 – Stakeholders

    The Minister of State for Finance, Yerima Ngama on Tuesday called for increase awareness on Islamic banking to prevent economic crisis and boost the nation’s economic development. The minister made the call at a forum organised by...

    • Posted September 19, 2012
    • 1
  • First Bank commits N500bn to petroleum projects’ financing

    The Local Content Act of the Federal Government received yet another boost from the financial sector, as First Bank of Nigerian Plc said it has committed well over N500 billion to finance oil and gas projects in...

    • Posted September 19, 2012
    • 0
  • World’s leading oil conference reveals African future

    19th Africa Oil Week held from October 29th until November 2nd in Cape Town With over 900 delegates from 75 countries and 85 presentations from leading speakers – representing super-majors, independents, national oil companies, governments, licensing agencies...

    • Posted September 19, 2012
    • 0
  • Jonathan in Denial on January Fuel Subsidy Protests

    In a remarkable show of aloofness, President Jonathan has refused to accept the widely known fact that the January fuel subsidy protests were an independent and genuine reflection of the people’s anger towards his government for unilaterally...

    • Posted September 19, 2012
    • 10
  • Honeywell, Oando, Vigeo others Shortlisted for PHCN DISCOs

    The National  Council on Privatization (NCP) met yesterday to discuss the bids submitted by several companies for the electricity distribution companies across the country. The NCP shortlisted 21 firms for 10 of the distribution companies up for sale. No...

    • Posted September 19, 2012
    • 0