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  Nigerian Stock Exchange Watch: Market Cap Surpasses N 7 trillion

  Equity investors ought to be gleeful considering the market recorded its seventh straight day of gains today, even as the market capitalization the N 7 trillion mark. The All Share Index closed upwards by 0.34% settling at...

  • Posted April 25, 2012
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  Ugodre: Is it time to dump my investment in fast food companies?

  In almost every street corner in Lagos and major cities in Nigeria, there is  fast food restaurant. From Mr Biggs to Sweet Sensation to KFC to Chicken Republic etc they are everywhere. Just walk into any of...

  • Posted April 25, 2012
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  FG Vows to Rehabilitate Apapa-Oshodi Expressway by December 2013

  The Minister of Works, Mike Onolememen has indicated that the Federal Government will repair one of the most economically important roads in the country, the Apapa-Oshodi Expressway. Speaking at the Ministerial Platform to commemorate Democracy Day and one year...

  • Posted April 25, 2012
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  GTBank MD, Others Shortlisted for African Banker of the Year Award

  The African Banker Awards has released its shortlist of nominees for the 2012 competition. The winners will be announced at the Awards ceremony on the 30th May, which comes to Africa for the first time. Usually held...

  • Posted April 25, 2012
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  Fuel Subsidy Report Debate: Lawmakers Go Hard on Ex-PPPRA Officials, Soft-pedal on Allison-Madueke

  The House of Representatives went into a Committee of the Whole yesterday in order to deliberate on the ad hoc Committee’s report on fuel subsidy. The house was unified in approving most of the recommendations set forth...

  • Posted April 25, 2012
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  For cheap fuel, Nigeria bought massive corruption – Businessweek

  For the price of cheap gasoline, Nigeria paid billions of dollars into a corrupt government system of fuel subsidies that saw huge contracts awarded to shady companies without any oversight, according to a lawmakers’ report. The report,...

  • Posted April 25, 2012
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  Nigerian Stock Exchange Buys Nasdaq’s X-Stream

  Nigeria’s Stock Exchange (NSE) signed a deal to adopt the Nasdaq X-Stream trading platform on Tuesday, and said it would aim to go live with it by the second quarter of 2013, part of a string of reforms to...

  • Posted April 25, 2012
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  Akintola Williams Deloitte Breaks Silence on Role in Fuel Subsidy Fiasco

  The management of Akintola Williams Deloitte has absolved itself from any responsibility concerning its role in the fuel subsidy scam. The company said it was only responsible for vessels allocated to it, and verified those vessels properly....

  • Posted April 25, 2012
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  Nigerian Stock Exchange Watch: ASI Records Sixth Day of Consecutive Gains

  The Nigerian Stock Exchange continued its ascent today, extending its winning streak to six straight days. The All Share Index climbed 0.53% to close at 21895.41. The performance of the bourse today was driven by strong price...

  • Posted April 24, 2012
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  Integrated Oil Debunks Fuel Subsidy Report’s N13.2 Billion Claim

  Integrated Oil, Chaired by former Minister of the Interior Captain Emmanuel Iheanacho, has debunked the allegations contained in the report on the fuel subsidy which state it is liable to the tune of N 13.2 billion for over-payments it received...

  • Posted April 24, 2012
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  Shell Nigeria spill 60 times worse than said -Amnesty

  An oil spill in Nigeria for which Royal Dutch Shell is being sued for tens of millions of dollars in a London court was at least 60 times worse than it announced, a report by Amnesty International...

  • Posted April 24, 2012
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  Lamido Sanusi Accused of Plagiarism, Faced with Lawsuit

  A US-based professor of Nigerian descent has sued the Governor of the CBN to court, accusing him of plagiarizing his works. Professor Dike who is a staff of the University of Sacramento, California says Sanusi breached his intellectual property...

  • Posted April 24, 2012
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  Lawmakers Refuse Trojan Horse Gift from Subsidy Firms

  Fifteen embers of the House of Representatives have rejected a foreign trip organized and financed by oil marketers. The oil marketers, who also benefitted from the subsidy payments had planned to fly the lawmakers to Houston on...

  • Posted April 24, 2012
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  Delta monarch leads protest against Agip, Demands Cow and N 10 Million

  The  Odiologbo of Irri Kingdom, Isoko South Local Government area, Delta State, HRM Oviese Ojenuwe II, weekend, led a peaceful protest against Nigerian Agip Oil Company, accusing the firm of sidelining his people in the scheme of...

  • Posted April 24, 2012
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