Latest News

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  ZAMBEEF Partners Ogun State on Food Production

  The management of Zambeef recently paid a courtesy call to the Ogun state governor. The Zambian company is a leading meats company in Africa. The governor of Ogun, Ibikunle Amosun told the directors of Zambeef that Ogun...

  • Posted August 10, 2012
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  U.S. Expresses Fears About Insecurity in Northern Nigeria

  The Unites States Secretary of State, Mrs. Hillary Clinton, has reiterated her country’s support for the Goodluck Jonathan administration’s reforms in Nigeria. Speaking during a meeting with President Jonathan at Aso Villa, the minister said the United...

  • Posted August 10, 2012
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  Power Supply Threatened as PHCN Staff Embark on Industrial Action

  The increase in quantum of power supply in the country is currently threatened by an impending industrial action by PHCN staff. The Shiroro Dam in Minna, Niger State has already been shut down by PHCN officials who...

  • Posted August 10, 2012
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  FG Approves N34 billion As Pension Benefits

  The Federal Government has approved the sum of N34 billion as pension arrears and death benefits for retirees of the federal civil service. National Pension Commission spokesperson, Mr. Emeka Onuora made this known in a statement released...

  • Posted August 10, 2012
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  T-Bills Yields Jump As CBN Sells $1.1 Billion Debt

  Nigeria sold 172.06 billion naira ($1.1 billion) of Treasury bills at an auction yesterday, with yields rising from a previous sale amid high subscription. The Central Bank of Nigeria sold 32.06 billion naira of 91- day bills at a yield...

  • Posted August 9, 2012
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  “If elRufai were President of Nigeria, what would he do?”

  Every time Nasir el-Rufai opens his mouth, to be frank, I get a bit irritated. I’m sure I am not alone in this feeling of repulsion, after all, el-Rufai is there on public record for being one...

  • Posted August 9, 2012
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  Perpetrators of N850m Bank PHB Fraud Arraigned by EFCC

  On Wednesday the 8th of August 2012, the Economic and Financial Crimes Commission prosecuted an Indian of Swiss nationality, three officials of former Bank PHB, Bank PHB itself now known as Keystone Bank Plc, and Nulec Industries...

  • Posted August 9, 2012
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  Airtel Subscriber Base Exceeds 20 million in Nigeria

  Airtel has announced that its subscriber base has exceeded 20 million people, two years after it was acquired by Bharti from the previous owners of Zain. CEO of Airtel, Rajan Swaroop, said the company had grown its...

  • Posted August 9, 2012
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  Global Food Reserves Falling As Drought Wilts Crops

  Stockpiles of the biggest crops will decline for a third year as drought parches fields across three continents, raising food-import costs already forecast by the United Nations to reach a near-record $1.24 trillion. Combined inventories of corn, wheat, soybeans and rice...

  • Posted August 9, 2012
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  FEC Approves $2 million for Second Niger Bridge Consultant

  The Federal Executive Council has approved the  sum of $ 2 million for the transaction adviser on the Second Niger Bridge project. The announcement was made by the Minister of Works, Mr Mike Onolememen, to journalists after the...

  • Posted August 9, 2012
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  IFC Deploys $70 Million Capital to Diamond Bank

  The Washington D.C. based International Finance Corporation (IFC) has made US$70 million available to Diamond Bank at a rate just over 6%. The funds is an investment by IFC and takes the form of a convertible subordinated...

  • Posted August 9, 2012
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  Nigeria Stock Exchange Watch: Index Dips Further, Shedding 0.96%

  The All Share Index shed 0.96% today as Dangote Cement caved in to supply-side pressure and dropped 3.8% to close at N114. The banking sub-sector was the only sub-index to appreciate in the session as it picked...

  • Posted August 8, 2012
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  Uduaghan Comes Clean on Ibori’s Sins

  The present Governor of Delta State, Emmanuel Uduaghan, has made a veiled admission to the fact the former Governor of Delta State and his blood relation, James Ibori was a serial looter. Although Uduaghan did not state...

  • Posted August 8, 2012
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  How to Network Yourself into an Investment Bank (part 1)

  Above all else, building a cache of contacts helps your career in direct and indirect ways. Five pointers on networking: 1. Attend networking events and aim to leave with about two business cards.  Don’t stretch yourself thin...

  • Posted August 8, 2012
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