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  • Flour Mills to invest N100bn in Nigeria in five years, Announces new structure and investments

    Flour Mills Nigeria Plc said it will invest N100 billion in Nigeria within the next five years. The company, in a statement announcing its new organisational structure and investments, said N30 billion would be invested in the...

    • Posted July 23, 2012
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  • Oil Drops A Second Day On China Slowdown, Europe Crisis

    Oil dropped for a second day in New York amid speculation global fuel demand will falter asChina’s economy slows and Europe struggles to control its debt crisis. Futures slid as much as 1.7 percent after a Chinese central...

    • Posted July 23, 2012
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  • Funke Osibodu to Step Down as MD of Union Bank

    The board of directors of Union Bank has signaled that they will be replacing their current Managing Director, Mrs. Funke Osibodu. Mrs. Osibodu was appointed the Managing Director of the Bank in August 2009 by the CBN...

    • Posted July 23, 2012
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  • Nigerian Breweries to Invest N 15 billion in Abia

    Nigeria Breweries is set to invest N 15 billion in the construction of a new brewery and canning facility in Abia state. The company’s Brewery Manager in Aba, Ukeje Udah, disclosed this to Governor Theodore Orji during...

    • Posted July 23, 2012
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  • BPE and Manitoba Sign Management Agreement on Transmission Company Today

    The Bureau of Public Enterprises (BPE) and the Manitoba Hydroelectric company of Canada are to sign a management agreement for the Transmission Company of Nigeria (TCN) today. The agreement will hand over the management of the Transmission...

    • Posted July 23, 2012
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  • Subsidy Arrears: Depot Owners Begin Strike Today

    The Jetty and Petroleum Tank Farm Owners of Nigeria (JEPTFON) have threatened to commence their strike action today in order to protest against the failure of the Federal Government to pay them subsidy arrears owed their members...

    • Posted July 23, 2012
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  • Jonathan awards N927b contracts in 10 months, Niger Delta gets N247b contract sum

    Investigation has revealed that Contracts worth N927bn have been awarded by President Goodluck Jonathan in ten months of his 13 months presidency. The contract figures which are found in a document titled,” Federal Executive Council Approved Contract”...

    • Posted July 22, 2012
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  • Can Google defeat Boko Haram?

    A recent AP publication reported the success the California based company, Google is helping the Mexican government  achieve against the drug cartels that have been devastating Mexico for the better part of the past two decades. The...

    • Posted July 20, 2012
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  • Analysis: Why Jonathan Played Down the Impeachment Threat?

    The Presidential spokesperson Reuben Abati may be a master of the game of public relations or the President may simply be made of teflon. After threats to impeach the Presidency were, yesterday, leveled by bi-partisan members of...

    • Posted July 20, 2012
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  • Standard Chartered to foster Africa-China trade at forum

    TO foster trade and investments between Africa and China, Standard Chartered Bank has concluded plans to expand this frontier through its yearly Africa chairmen’s conference. The conference, which is scheduled to hold in Beijing this year, is...

    • Posted July 20, 2012
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  • Capital Market Probe Report Lists 17 Reasons Why the Capital Markets Collapsed

    The report released by the Capital Market Probe Committee of the House of Representatives lists seventeen major reasons of the collapse of the capital markets. Some of the reasons are straightforward and follow a specific and measurable...

    • Posted July 20, 2012
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  • Nationalized Banks: CBN, SEC and AMCON Boss, Others to Face Full Wrath of the Law

    The Ibrahim el-Sudi led Committee on the near Collapse of the Capital Markets has called for the prosecution of Central Bank Governor, Lamido Sanusi, for failure to provide key documents to the panel amongst other violations. The...

    • Posted July 20, 2012
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  • Malabu Oil Scandal: Senate Begins Investigation

    The Senate has resolved to investigate the Malabu Oil Scandal which raged in the media for several weeks as reports came to light that the highest levels of Nigerian government were involved in brokering an oil deal...

    • Posted July 20, 2012
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  • House Calls Presidency to Order on Oteh’s Reinstatement

    The members of the House of Representatives have expressed their high level of displeasure at the reinstatement of Ms. Aruma Oteh as the Director General of the Securities and Exchange Commission (SEC). The Federal Government issued a...

    • Posted July 20, 2012
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