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  • Nigerian Stock Exchange Watch: ASI (-0.44%) Retreats as Blue Chips Slide

    The All Share Index shed 0.44% on the back of losses from key blue chip companies namely First Bank (-2.5%) and Nigerian Breweries (-2.7%). Other key participants down in the day’s trading were Mobil (-4.84%) and Total...

    • Posted August 6, 2012
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  • Naira Heads For Longest Losing Streak Since May On Import Demand

    The naira declined for a fifth day, the longest losing streak since May, as companies bought dollars to pay for imports and analysts speculated that the state-oil company will limit supply of the U.S. currency. The naira...

    • Posted August 6, 2012
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  • New Study Links Hair Relaxers To Fibroids in Women

    A new study in the American Journal of Epidemiology definitely adds a point to the #TeamNatural tally with a published paper from researchers at Boston University linking hair relaxers to uterine fibroid tumors in women and early puberty in...

    • Posted August 6, 2012
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  • DSTV Increases Tariffs Again

    Multichoice Nigeria, owners of DSTV, have increased their access tariffs again. The company has introduced new subscription charges, citing increases in the company’s operational and ancillary costs which include, content acquisition and development, technical infrastructure, satellite lease, facilities...

    • Posted August 6, 2012
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  • HIV Prevention Pill May Cause More Harm than Good

    Critics have raised concerns over the use of the recent United States Food and Drug Administration (FDA)-approved drug, Truvada, for the prevention of Human Immunodeficiency Virus (HIV)/Acquired Immune Deficiency Syndrome (AIDS). They say the side effects of...

    • Posted August 6, 2012
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  • Oil Slides After Biggest Gain In Five Weeks

    Oil slid from the highest close in two weeks in New York amid speculation that its biggest gain in more than a month was excessive. Futures slipped as much as 0.5 percent after surging 4.9 percent on Aug. 3,...

    • Posted August 6, 2012
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  • CBN to Sell N142 billion in T-bills on Wednesday

    The Central Bank of Nigeria will sell N142 billion worth of treasury bills on Wednesday in line with its monetary tightening policy. The bills will range in tenor from three months to one year. On offer during...

    • Posted August 6, 2012
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  • Labour Asks Government to Reinstate Withdrawn Charges Against Subsidy Suspects

    The Trade Union Congress (TUC) is up in arms about the Federal Government’s decision to withdraw fraud charges against some of the subsidy suspects. Last week the government withdrew charges against Durosola Omogbenigun and Peter Mba, and their...

    • Posted August 6, 2012
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  • FG Seeks to Boost Cocoa Production to 1 Million Metric Tonnes Per Annum

    As part of its Agricultural Transformation plans, the Federal Government seeks to boost the country’s capacity for cocoa production from its current 250,000 tonnes/annum to 500,000 tonnes by 2015 and 1 million tonnes by 2018. Dr. Ezekiel...

    • Posted August 6, 2012
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  • Lekki Free Trade Zone Attracts N170 billion in Investment Commitments

    The Lekki Free Trade Zone has attracted N170 billion in investment commitments, according to the Federal Minister of Trade and Investments, Dr. Olusegun Aganga. The amount which is equivalent to $1.1 billion is to be invested by...

    • Posted August 6, 2012
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  • EFCC Seizes N2 trillion in Assets from Public and Private Sector Officials in 7 Years

    The Economic and Financial Crimes Commission (EFCC) has disclosed that its Asset Forfeiture Unit (AFU) seized over N2 trillion worth of assets from corrupt public and private officials between 2003 and 2010. This means that in a...

    • Posted August 5, 2012
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  • Top 25 Websites for CEOs – Forbes

    If you want to shorten your shelf life as a CEO, it’s easy to do – be uninformed and disengaged. There’s a big world out there, and CEOs need to get out of their bubble and go...

    • Posted August 4, 2012
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  • The Libor Cartel: Wall Street’s Biggest Scam Ever

    LIBOR has been on many investors lips lately. A few still seem to understand the implications. Below is a must read piece from Der Spiegel. In the glitzy world of investment banking, money market traders were at...

    • Posted August 4, 2012
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  • Harvard Study Confirms Fluoride Lowers IQ

    If the scientific link between fluoride exposure and a noted decreased in IQ is a conspiracy theory, then perhaps the Harvard researchers who just confirmed such a link should be tarred and feathered by the ‘evidence-based’ medical...

    • Posted August 4, 2012
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