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  • Nigerian Stock Exchange Watch: Bulls Take Off in August as ASI Gains 1.16%

    The Nigerian Stock Exchange had a bright start to the new month as the bulls took off in today’s trading causing the bourse to ascend by 1.16%. A healthy uptick in the price of Dangote Cement (+3.51%)...

    • Posted August 1, 2012
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  • GTBank Security Upgrade Explains Service Disruptions

    Not a few GTBank customers are affected by service disruptions on the bank’s Internet banking platform. Complaints range from inability to complete transactions from online savings accounts to problems with third party bank transfers. As complaints trickle...

    • Posted August 1, 2012
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  • Twinpine Celebrates First Year by Hitting Five Times Predicted Monthly Impressions

    Mobile advertising network, Twinpine today celebrates the end of its first commercial year and has marked the occasion by announcing some company highlights for the past 12 months. At launch, the company set a target of reaching...

    • Posted August 1, 2012
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  • H1 2012 Earnings: Ecobank Transnational Reports Revenue of $765 million

    Ecobank Transnational Inc., the parent company of the pan-African banking group with a presence in 32 African countries, today announced its unaudited results for the six months ended 30 June 2012. Financial highlights:   Revenue of $765...

    • Posted August 1, 2012
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  • Senate Threatens to Arrest Finance Minister on Budget Implementation

    The Senate was unable to hold back its displeasure over the failure of the Finance minister to honour their invitation over the investigation it is conducting on budget implementation. The Minister who is attending an investment forum...

    • Posted August 1, 2012
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  • Oil Trades Near Two-Week Low On Manufacturing Slowdown

    Oil traded near the lowest level in more than two weeks in New York as concern that central banks won’t act to stimulate a slowing global economy outweighed signs of shrinking supplies. Futures were little changed after...

    • Posted August 1, 2012
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  • Shell Sells OML 34 to NNPC and ND Western

    Shell Petroleum has sold an onshore oil block known as Oil Mining Lease 34 or OML 34 to a consortium including Nigerian National Petroleum Corporation (NNPC) and ND Western, an indigenous oil and gas company. ND Western...

    • Posted August 1, 2012
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  • Ekiti State Partners JD Forbes on 1000 Unit Housing Estate

    The Ekiti State government via Fountain Holdings, an investment management company is set to partner JD Forbes in the construction of a 1,000 unit housing estate in the state. Fountain Holdings manages the investments of the southwestern...

    • Posted August 1, 2012
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  • CBN Holds Memorial Service for DANA Crash Victims

    The Central Bank of Nigeria, yesterday, held a memorial service for the victims of the Dana Air Crash which claimed 8 of its employees. The eight officials on board the ill-fated Dana Boeing MD-83 flight on their...

    • Posted August 1, 2012
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  • Oando, Honeywell, Chrome, 50 Others Bid for Power DISCOs

    Several blue-chip Nigerian companies have bid for the 11 Power Distribution companies (DISCOs) slated for privatization by the Federal Government. The companies met the deadline for submission of their technical and financial proposals which came up yesterday....

    • Posted August 1, 2012
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  • Dear Mr. President, Please ask Aunty Ngozi to release Budgeted Defense Funds

    This is my first letter to the President of the Federal Republic of Nigeria. Aluta Continua sir and all other protocols duly observed. I learned this morning that you have jet out to Jamaica and are also...

    • Posted July 31, 2012
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  • US Counterterrorism Officials Increasingly Focused on Nigeria, North Africa

    The Obama administration no longer sees the greatest terrorist threats in Afghanistan or Pakistan, says Bloomberg’s. Instead, U.S. counterterrorism officials are increasingly focused on a broad swath of northernAfrica from Somalia through Chad, Niger and Mali to Mauritania and south into Nigeria, said three administration...

    • Posted July 31, 2012
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  • Akingbola Fined $1.02 billion as London Court Rules in Access Bank Suit

    Access Bank Plc (ACCESS) of Nigeria won a 653 million-pound ($1.02 billion) fraud lawsuit in Britain against Erastus Akingbola, the former chief executive officer of bailed- out Intercontinental Bank Plc, which it acquired last year. Akingbola is liable for directing...

    • Posted July 31, 2012
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  • Batman Is a Cheapskate: ‘Iron Man’ Get-Up Costs $1.6 Billion [INFOGRAPHIC]

    If you’ve been paying attention to the financial section of today’s superhero news, you will have already noted the high cost of being Batman: $682 million. That’s according to one estimate of the comic book character’s costs by...

    • Posted July 31, 2012
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