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  • SEC NIGERIA SIGNS MOU WITH MAURITIUS

    A bilateral Memorandum of Understanding (MoU) was on Tuesday (15th May 2012) signed by the Securities and Exchange Commission of Nigeria and the Financial Services Commission of Mauritius, at the ongoing IOSCO annual conference in Beijing, China....

    • Posted May 16, 2012
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  • FDI to Nigerian Construction Industry to reach $ 9.4 billion by 2021 – Business Monitor Int’l

    INVESTMENT inflow into Nigeria’s construction industry is expected to reach $9.4 billion (N1.5 trillion) by 2021, Business Monitor International, has said in its first quarter report of 2012. In a report released recently by the UK based...

    • Posted May 16, 2012
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  • Glo rewards top dealers with 10 SUVs, other prizes

    GLOBACOM has recently set new standards in dealership recognition when it presented spectacular prizes including 10 top of the range Special Utility Vehicles (SUVs), special crystal trophies, 43 utility vans, several million naira credit notes and Samsung...

    • Posted May 16, 2012
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  • Minister of State for Finance, Ngama, Berates Oteh

    In his testimony (before the House Committee on Near Collapse of the Capital Markets yesterday), the Minister of State for Finance, Dr. Ngama, when asked whether the competence of the Director General of the Securities and Exchange...

    • Posted May 16, 2012
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  • Soludo Takes Lawmakers to School on Capital Markets

    The former CBN governor, Charles Chukwuma Soludo has taken the lawmakers to school on the Capital Markets. His testimony before the House Committee on Near Collapse of the Capital Markets was more like a lecture as he...

    • Posted May 16, 2012
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  • Electricity Tariff Hike is Callous, Insensitive and May Cause Violence – Senator

    The former deputy-governor of Ogun State Aegbenga Kaka has called the Federal Government’s plans to increase electricity tariff in the country dangerous, callous and insensitive. Senator Kaka, speaking at the occasion of his 60th birthday in Ijebu...

    • Posted May 16, 2012
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  • Naira Falls to Weakest in Two Months on Inflation Concern

    Nigeria’s naira depreciated to the weakest in two months against the dollar after the country’s inflation accelerated. The currency of Africa’s largest oil producer declined 0.1 percent to 158.125 per dollar as of 5:01 p.m. in Lagos...

    • Posted May 16, 2012
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  • FG Delays FAAC Revenue Sharing Meeting Again

    The Federal Government has delayed the Federal Accounts Allocation Meeting (FAAC) for the second month fueling speculation that the government is broke. The FAAC meeting is the monthly get-together of Federal and State government in order to...

    • Posted May 16, 2012
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  • Inflation Rises to 12.9% in April

    Inflation rose to 12.9% YoY in April driven largely by non-food prices, according to a report from the National Bureau of Statistics. This represents an increase of 0.13% when compared to inflation level in March. NBS stated...

    • Posted May 16, 2012
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  • FG Seals N 31 billion Power deal with French Investors

    Two French companies, Electricite de France (EDF) and Enterprise de Transporte et Distribution D’electricity  ((ETDE) have signed agreements with the Nigerian government to invest $ 200 million (N31 billion) in the power sector. The French companies have...

    • Posted May 16, 2012
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  • GlaxoSmithKline Q1 2012 Earnings at N 6 billion, up 28.7% YoY

    Pharmaceutical company, Glaxosmith has reported its Q1 earnings for the period ended March 31st, 2012. The company made N 6.3 billion over the 3 months period in contrast to the N 4.9 billion it made over Q1,...

    • Posted May 15, 2012
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  • Nigerian Stock Exchange Watch: Bearish Sentiments Prevail, Dangote Flour (+4.91%) Still Upbeat

    The Bears dominated the market today forcing the market to retreat 58 basis points as the All Share Index closed at 22,422.43. The banking sub-sector was entirely virtually in the red with the exception of Unity Bank...

    • Posted May 15, 2012
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  • DEBT MANAGEMENT AND ECONOMIC SUSTAINABILITY (9)

    From Ireland, Greece, United Kingdom, France to  Netherlands one thing is clear and that is the determination of the European citizens to resist their Government’s approach to adopting austerity measures that is impeding the growth prospects of...

    • Posted May 15, 2012
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  • Internet Revolution in Nigeria

    Many important discoveries and inventions have changed the way things work in our world over the years but I don’t think any of them can compare to the Internet. Its impact on the lives of so many...

    • Posted May 15, 2012
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