Latest News

• 
  Amosun awards 32-KM Road Project in Ota to Brazilian Firm

  Governor Ibikunle Amosun, working tirelessly to achieve his Urban Renewal Plan for Ogun State, has awarded a 32 kilometre road project to Brazilian construction firm Prado E Meedo. The contract is to be executed on a Private...

  • Posted June 4, 2012
  • 0
• 
  When the Profit Maximization Policy Claims Lives: Is Dana Air Guilty of Neglect?

  Dana Air is owned by Dana Group, a conglomerate with significant interests in various sectors of the Nigerian economy. Dana Group is the major distributor of Kia motors in Nigeria, it also bottles AquaDana watter, and owns...

  • Posted June 4, 2012
  • 1
• 
  Lawmakers Canvass for Sovereign Fund to be Domiciled in Nigerian Banks

  The House of Representatives have taken another bold step in the interest of the Nigerian economy by demanding an end to the practice of lodging excess proceeds from crude oil sales in foreign accounts. To the detriment...

  • Posted June 1, 2012
  • 0
• 
  Nigerians Routinely Feast on 10-Year-Old Rice – Research

  Research carried out by Punch has revealed Nigerians regularly eat rice that is at least 10 years old. This is directly as a result of the amount of imported rice consumed in the country. Nigeria imports rice...

  • Posted June 1, 2012
  • 0
• 
  FG Agrees on Forbearance Package for Stockbrokers to Stimulate Stock Market

  The Minister of Finance has disclosed that the Federal Government will provide forbearance package to stockbrokers in order to stimulate the stock market. Speaking at the annual meeting of the African Development Bank in Arusha, Tanzania, the...

  • Posted June 1, 2012
  • 0
• 
  GTBank MD Segun Agbaje emerges African Banker of the Year

  Managing Director/CEO of Guaranty Trust Bank plc, Mr. Segun Agbaje has been conferred with the 2012 African Banker of the Year Award by the African Banker Magazine. The African Banker Award recognizes key financial industry leaders across...

  • Posted June 1, 2012
  • 0
• 
  Fuel Subsidy Probe II: KPMG tells Senate FG Overpaid Marketers Billions due to Arithmetic Errors

  The Senate Committee investigating the Fuel Subsidy scheme has been informed by KPMG of overpayments made to marketers in the range of billions. The overpayments were authorized by Petroleum Products Pricing Regulatory Agency (PPPRA). Minister of Trade...

  • Posted June 1, 2012
  • 0
• 
  Reps Order Investigation into =N= 155 Billion Oil Block Scandal

  The House of Representatives are not resting on the laurels they received for conducting a thorough investigation of the Fuel Subsidy scheme. The proactive lawmakers have turned their attention towards the N 155 billion oil block scandal...

  • Posted June 1, 2012
  • 0
• 
  Q1, 2012 Earnings: RT Briscoe Revenue in at N 5.46 billion (+19%)

  RT Briscoe, the largest distributor of Toyota and Ford vehicles in sub-Saharan Africa has transmitted its Q1 2012 Earnings to the Nigerian Stock Exchange. The company reported sales of N 5.46 billion, up 19% from N 4.6...

  • Posted May 31, 2012
  • 0
• 
  GSM Companies Meet NCC Over N 1.17 billion Fine

  Four Nigerian telecoms operators have met with the sector regulator to discuss fines imposed earlier this month for poor service quality, the chief executive of Etisalat Nigeria told Reuters on Thursday. Etisalat Nigeria, an affiliate of United...

  • Posted May 31, 2012
  • 0
• 
  U.S. Imports Of Nigerian Crude Declined To 15-Year Low In March

  U.S. imports of Nigerian crude slumped to the lowest level in more than 15 years in March, according to Energy Department data. Africa’s largest oil producer shipped 337,000 barrels a day of crude to the U.S., the least since...

  • Posted May 31, 2012
  • 0
• 
  23.73 million homes don’t have electricity – NERC committee

  A total of 23.73 million households, out of the 28.9 million in the country, do not have access to the national electricity grid, the Committee on Public Inquiry on Metering in the Nigerian Electricity Supply Industry has...

  • Posted May 31, 2012
  • 0
• 
  N 8 billion Kaduna Indomie Factory Second Largest in the World

  Dufil Prima Foods, the manufacturers of Indomie instant noodles recently commissioned the phase 1 of its Kaduna factory built by its subsidiary Northern Nigeria Noodles. The phase 1 gulped $ 20 million in construction costs even as...

  • Posted May 31, 2012
  • 0
• 
  THE IMPLICATION OF THE LINGERING CRISIS BETWEEN THE LAGOS STATE GOVERNMENT AND THE MEDICAL GUILD

  It’s now over three weeks that the Fashola Administration in Lagos, in a kangaroo style, sacked 788 striking medical doctors. Still, Governor Fashola and his government, against the voices of reason and conscience are adamant, maintaining their...

  • Posted May 31, 2012
  • 0