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  • Naira firms on increased dollar flows

    The naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by some local units of foreign banks selling to stay within their stipulated open position limits. The local currency closed...

    • Posted August 28, 2012
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  • First Bank asks Shareholders to Approve Restructure

    First Bank said on Monday it will seek shareholders’ approval to transfer its subsidiaries into a new holding company, in order to meet a regulation that risky capital market business be kept separate from retail and regular...

    • Posted August 28, 2012
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  • IBB Threatens to Expose Buhari’s Corruption

    Former President Ibrahim Babangida has threatened to expose the corruption of Former President Mohammed Buhari especially as relates to his tenure as Minister of Petroleum. Buhari was appointed Minister of Petroleum in 1976 under the Murtala/Obasanjo administration....

    • Posted August 28, 2012
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  • Senate Calls Sanusi to Order Over N5,000 Note Project

    In a remarkable pro-people move, the Nigerian Senate has ordered the Governor of the Central Bank, Mallam Lamido Sanusi, to suspend all plans to launch the N5,000 bank note. The Chairman of the Senate Committee on Banking,...

    • Posted August 28, 2012
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  • Google achieves 100% mapping target for Nigeria, others

    SEARCH giant, Google has announced that it has achieved 100 per cent target in the area of mapping for Nigeria and other African countries. Wikipedia defines mapping as map-making and often used instead of cartography, stressing that...

    • Posted August 27, 2012
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  • House of the week: N85m fully finished 5 bedroom duplex for sale in Ogudu G.R.A

    This fully Finished 5 bedroom duplex comes with  a 2 bedroom attached maid rooms, 2 Sitting Area, 1 Large fitted Kitchen, Interlocking paving stones and a Large compound Space that can park 5 cars. It is located...

    • Posted August 27, 2012
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  • Capital Oil, Lenards Others to be Delisted from Stock Exchange

      The Nigerian Stock Exchange has concluded plans to delist several companies for failure to meet its post-listing requirements. The affected companies include Aluminium Manufacturing Company of Nigeria Plc, Capital Oil Plc and W.A. Glass Industry Plc, Union Dicon...

    • Posted August 27, 2012
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  • Third Mainland Bridge is Not Falling Down – FG

    The Federal Ministry of Works has debunked rumors making the rounds on social media which state that the Third Mainland Bridge is headed for structural collapse. The ministry appealed to motorists to disregard the reports. In a...

    • Posted August 27, 2012
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  • FG plans nationwide electricity demand survey

    A national study will be carried out on the extent of demand for electricity supply in the country, the Minister of Power, Prof. Bart Nnaji, has said. Nnaji said this in Asaba on Saturday at the end...

    • Posted August 27, 2012
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  • Labour, Opposition Condemn Sanusi’s N5,000 Note Project

    Knocks for Sanusi’s intent to introduce the N5,000 note have come from several different corners including the National Labour Congress, Trade Union Congress and Action Congress of Nigeria amongst other parties. In a statement released by the...

    • Posted August 27, 2012
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  • FG Clarifies Negotiations With Boko Haram

    The Federal Government has come out to clarify its statement on its discussions with terrorist sect, Boko Haram. The need for clarification arose when Boko Haram spokesman Abu Qaqa vehemently denied that it was in any form...

    • Posted August 27, 2012
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  • N20, N10 and N5 to be produced in coins, new N5000 notes into circulation early next year – Sanusi

    The Central Bank of Nigeria yesterday said N20 N10, and N5 will be produced in coins along with the existing coins of N50k, N1 and N2 by early next year as part of a comprehensive currency...

    • Posted August 26, 2012
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  • Civil Rights Groups Lambasts FG Over Lucrative Contracts to Former Militants

    A Kaduna based civil rights activist Mallam Shehu Sani  has berated the Federal Government over huge contracts awarded by the NNPC to former militants who terrorized the Niger Delta for several years. Last week, the Wall Street...

    • Posted August 25, 2012
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  • Analysis: Sweeping Apple win, but Samsung set for bounce-back

    (Reuters) – Defeat in a bitter patent wrangle with Apple Inc, its smartphone rival and biggest customer, will dent Samsung Electronics Co’s $21 billion cash-pile, but could actually help cement its leadership in the global smartphone market....

    • Posted August 25, 2012
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