Latest News

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  Renewed Subsidy Protests Threat: Federal Government Increase Security in Gani Fawehinmi Freedom Park

  Following the public uproar that trailed the release of the adhoc Committee on Fuel Subsidy Investigation’s report, the Federal Government has begun to increase security in strategic areas where the Occupy Nigeria protests were quick to mushroom...

  • Posted April 24, 2012
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  Honourables Call NNPC Spokesman “Chief Denial Officer”, Televised Debate Takes Off Today

  In reaction to the press statement released by the Nigerian National Petroleum Corporation (NNPC) stating that the subsidy report was altered, the Chairman of the House Committee on Media and Public Affairs, Mr. Zakari Mohammed has called...

  • Posted April 24, 2012
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  PPPRA Vindicates Gombe State Governor on Mystery Subsidy Payments

  N 999 million fuel subsidy paid to hitherto unknown firms 128 times in one day. The PPPRA has dispelled the charges of corruption surrounding the payments that brought  former Accountant General and present Governor of Gombe state,...

  • Posted April 24, 2012
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  Nigerian Stock Exchange Watch: In the Midst of a Bull Rally, ASI Approaches 22,000

  The Nigerian Stock Exchange appreciated slightly today, gaining +0.1% to close at 21,779.33. Selling pressure dulled the markets momentum even as the year-to-date performance on the bourse stands at 5.06%. Speculators cashed in on their previous gains...

  • Posted April 23, 2012
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  Stanbic IBTC Records N 2.5 Billion Net Income in Q1, 2012 Earnings

  Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited  IFRS  compliant results for the three month period ended 31 March 2012. Financial highlights Profit and loss accounts Net interest income of N8.3 billion,...

  • Posted April 23, 2012
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  Where To Find The Money

  When armed robbers broke into my home more than a decade ago, the first question they asked me (after giving me “two minutes” to open the door) was, “Where’s the dough?” “The dough?” I responded. “Come with...

  • Posted April 23, 2012
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  Obi of Onitsha opens exhibition, calls for review of policies on arts and culture

  The Obi of Onitsha, His Majesty Nnaemeka Achebe, has reiterated the need for an urgent review of the National Policy on Arts and Culture in order to enhance the development of the industry. Achebe, an established patron...

  • Posted April 23, 2012
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  Sixth Lagos Economic Summit Opens Today

  To underscore its commitment to ensuring that Nigeria joins the league of emerging economies called Brics and convert it to Brincs, i.e Brazil, Russia, India, Nigeria, China and South Africa), foremost financial institution and Nigeria’s Best Banking...

  • Posted April 23, 2012
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  Lagos to Take Delivery of 60 New Ferries

  History was made in Brisbane, Queensland in Australia on Thursday as Lagos State Governor, Mr Babatunde Fashola (SAN) pushed ahead with another electoral promise of accelerating inter-modal transportation through the extensive use of the State’s waterways when...

  • Posted April 23, 2012
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  Notore, Mitsubishi Sign Joint Venture for New Fertiliser Plant

  Notore Chemical Industries Limited, owners of the only urea fertiliser plant in sub-Saharan Africa, weekend signed a Joint Venture agreement with Mitsubishi Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other...

  • Posted April 23, 2012
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  3000 Entrepreneurs To Attend Google’s 2012 Small Business Web Fair

  GOOGLE has promised to bring together thousands of business owners for the second leg of the Get Nigerian Businesses Online (GNB0) 2012 Web Fair, taking place at the City Hall, Catholic Mission Street, in Onikan, Lagos on...

  • Posted April 23, 2012
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  Pension Scam: Bank manager’s mother-in-law, youth corps member share N53.8m

  •EFCC seizes N500m, $2m in ex-pension director’s company’s accounts   Sordid details of how the sum of N4.5 billion allegedly stolen by suspended directors in the Pension Unit, Office of the Head of the Civil Service of...

  • Posted April 23, 2012
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  2012 Subsidy Budget: ‘Sanusi’s Concerns Unfounded’

  Dr. Ali Ahmad, a member of the House adhoc committee that investigated the fuel subsidy has stated that concerns that the amount voted for fuel subsidy in the 2012 budget is inadequate are misplaced. Government set aside...

  • Posted April 23, 2012
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  Subsidy Probe: Akintola Williams Deloitte, Adekanola to Face ICAN Panel

  The two accounting firms terminated by the Ministry of Finance for their failure to properly audit the companies involved in the fuel subsidy scheme will soon face a panel at the Institute of Chartered Accountants of Nigeria...

  • Posted April 23, 2012
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