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  • Shell Spent $383 million on Security in Nigeria

    Oil major Shell spent almost 40% of its $1 billion global budget for security in Nigeria during the years 2007 to 2009, according to a pressure group named Platform. Platform said most of the money went to...

    • Posted August 21, 2012
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  • The Unconstrained Joy of Investing

    There is a famous paradox in finance literature called the Grossman-Stiglitz Paradox. It describes a world in which we have two choices: invest our time in fundamental research to find a good investment or choose the “market”...

    • Posted August 20, 2012
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  • Oando Vindicated in Subsidy Probe

    Indigenous oil and gas major, Oando Plc and her group of companies have been vindicated of any impropriety in the fuel subsidy investigation. According to a statement from the Ministry of Finance released last Friday, 21 firms...

    • Posted August 20, 2012
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  • Inflation Eases to 12.8 pct YoY in July

    Nigeria’s consumer inflation eased slightly to 12.8 percent year-on-year in July, from 12.9 percent year-on-year in June, statistics showed on Friday, surprising many analysts who had expected inflation to rise. Food inflation, the largest contributor to the...

    • Posted August 20, 2012
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  • Orange Drugs to Launch New Onitsha Factory

    Orange Drugs Limited is set to launch a new factory in Onitsha on August 30th. The factory which will help to boost the productivity and profitability of the company has the capacity to employ 1,000 workers. Plant...

    • Posted August 20, 2012
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  • Etisalat Targets MTN, Glo and Airtel Customers For 45% Nigeria Growth

    Emirates Telecommunications Corp. (ETISALAT), the largest publicly traded company in theUnited Arab Emirates (ADSMI), is targeting subscriber growth of 45 percent in Nigeria next year by luring customers from its three larger rivals. Etisalat, as the company...

    • Posted August 20, 2012
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  • Sterling Bank restates commitment to Entrepreneurial Development

    To aid entrepreneurial development in the country, Sterling Bank has reiterated its commitment to continue to invest in capacity building to empower Nigerian entrepreneurs for the growth of sectors. Speaking at the end of the Fate Foundation...

    • Posted August 20, 2012
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  • Prosecute Subsidy Thieves, Don’t Pay their Claims – Labour Tells FG

    Labour Unions in the country have called on the Federal Government to prosecute the suspects involved in the subsidy scam without further delay. The Acting General Secretary of the National Labour Congress (NLC) said the subsidy investigations...

    • Posted August 20, 2012
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  • FG Reads Riot Act to Fuel Marketers

    The Ministry of Finance released a statement calling the fuel marketers to order even as the Presidency has indicted more manipulators of the petrol subsidy system. The statement released by Ngoi Okonjo-Iweala’s office names MRS, Capital Oil...

    • Posted August 19, 2012
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  • Infrastructure Bank Provides N17.8bn loan to Osun for 45km Road Project

    The Managing Director of the Infrastructure Bank Plc, Mr. Adekunle Oyinloye, said on Thursday in Abuja that the bank had completed all negotiations with the Osun State Government on the funding of the N17.8bn Osogbo – Ilaodo...

    • Posted August 17, 2012
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  • Ogun to procure N.5 billion Agric equipment

    OGUN State government on Wednesday signed a N500 million contract with three agriculture firms for procurement of modern land clearing equipment. The contract, signed at the office of the Commissioner for Agriculture, Ayo Olubori in Abeokuta was...

    • Posted August 17, 2012
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  • Fuel Scarcity Rumors Unfounded – Petroleum Minister

    The Petroleum Minister has said there is no fuel scarcity in the country at present as the NNPC has over 45 days strategic reserve of fuel left. The Minister attributed the queues at the filling stations in...

    • Posted August 17, 2012
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  • N300 billion Released for 3Q Capital Projects – FG

    The Federal Government released N300 billion for capital projects earmarked to be executed in the third quarter. According to the Finance Minister, Ngozi Okonjo Iweala the total quantum of money released for capital projects in Nigeria under...

    • Posted August 17, 2012
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  • World Bank Responsible For Grand Corruption In Nigeria – Femi Falana (SAN)

    This Op-Ed on the World Bank by Femi Falana Shows Why The Legal Luminary Was Way Overdue for SAN title The World Bank has just issued a damning report which claimed that 80% of Nigerian businesses offer...

    • Posted August 17, 2012
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