Latest News

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  CBN revokes licences for 25 mortgage banks

  Central Bank of Nigeria (CBN) may have began a clampdown on Primary Mortgage Banks (PMBs) that ceased to carry mortgage business for which they were licensed. The development is on the heels of new regulatory guidelines for...

  • Posted August 13, 2012
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  How the Nigerian Army is Losing the Battle Against Boko Haram?

  It must have become apparent that the Nigerian government is slowly losing more ground in the battle against Boko Haram. Chief among the culprits in this steady loss are Nigeria’s own security forces led by the high-handed...

  • Posted August 13, 2012
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  UBA Appoints Okwechime, Duke Non-Executive Board Members

  The United Bank for Africa Plc has announced the appointment of Mrs. Rose Ada Okwechime and Mrs. Owanari Duke to the Group board. The appointments, made at a meeting of the Board of Directors held on July...

  • Posted August 13, 2012
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  Oil Advances On U.S. Economic Outlook

  Oil rose in New York, adding to a second weekly gain, before a report that may show signs of economic improvement in the U.S., the world’s biggest crude consumer. Futures climbed as much as 0.9 percent, extending...

  • Posted August 13, 2012
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  Otedola Should be Tried Alongside Lawan – Anti Corruption Network

  The Executive Secretary of the Anti-Corruption Network, Dino Melaye, has said that Femi Otedola should be tried in a court of law alongside Farouk Lawan and Borniface Emenalo if government is sincere in its fight against corruption. Melaye...

  • Posted August 13, 2012
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  Car Imports Accelerate by 15% in H1, 2012

  New car imports into Nigeria rose 15 percent in the first half of 2012, compared with the same period last year, as credit flows recovered in Africa’s second-biggest economy, dealers said on Monday. Car sales in Nigeria...

  • Posted August 13, 2012
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  Cassava Flour: The Stuff Gala is Made From

  The Federal Government has disclosed that UAC Nigeria Plc, makers of popular snack – Gala Sausage Roll, are in compliance with its policy on cassava flour for bread based products. According to a statement from the Presidency,...

  • Posted August 13, 2012
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  Power Supply to Reach 9000 Megawatts in Next Few Months – Presidency

  Not resting on its laurels after producing a peak power supply of 4237 Megawatts last week, the Presidency has announced that the power generation in the country will reach 9,000 Megawatts in the next few months. A...

  • Posted August 13, 2012
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  Honeywell to Invest $1 billion in Power Projects

  The Honeywell Group, a Nigerian conglomerate with interests in manufacturing, energy, infrastructure, real estate, services and other sectors of the economy has concluded plans to invest $1 billion in power generation and transmission projects across the country....

  • Posted August 13, 2012
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  Seplat Petroleum Shuts Down Oben Gas Plant for Upgrade

  SEPLAT Petroleum Development Company Limited, an indigenous oil and gas company, and the operator of the NPDC/SEPLAT JV blocks, OMLs 4, 38 & 41, has announced a planned shutdown of its Oben Gas plant. According to SEPLAT...

  • Posted August 12, 2012
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  Petroleum Minister Summoned over N1.1 billion Contract Scam

  The House of Representatives has summoned the Minister of Petroleum, Diezani Madueke, and a contractor over a contract scam involving N 1.1 billion. The Petroleum Ministry awarded a contract in 2009 to a contractor to supply  a dive...

  • Posted August 12, 2012
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  How to Network Yourself into an Investment Bank (part 2)

  Connecting with people and building your list of contacts is absolutely key to getting and staying in the investment banking industry. Here are five more tips following part 1 on Networking Yourself into an Investment Bank. 6. Catch up...

  • Posted August 11, 2012
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  Nigeria Most Attractive Investment Destination in Africa – World Bank

  Nigeria has been named the most attractive investment destination in Africa by the World Bank. The Country Director of World Bank, Nigeria, Ms Francoise Marie-Nelly disclosed this yesterday at the launch of the World Bank’s Investment Climate Assessment (ICA)...

  • Posted August 10, 2012
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  Agusto & Co. Upgrades Banking Sector Ratings to BBB

  Nigeria’s main ratings agency Agusto & Co. upgraded the country’s banking sector on Thursday by one notch to Bbb from Bb, with a stable outlook, citing improved earnings and capital ratios. In a ratings report on Nigerian banks, the...

  • Posted August 10, 2012
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