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  • Okonjo Iweala Seeks Database of National Poverty from World Bank, IMF

    Dr. Ngozi Okonjo Iweala, the Minister of Finance has requested vital statistics on the poverty in Nigeria from the World Bank and the IMF. This is to enable the Federal Government develop and provide some welfare schemes...

    • Posted April 23, 2012
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  • The Top 20 Great Companies to Work for in Nigeria

    Guinness, First Bank and Guaranty Trust Assurance have emerged the top three companies in Nigeria in the great places to work in Nigeria rankings. Following a survey of 250 companies, twenty companies emerged as the Great  Places...

    • Posted April 23, 2012
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  • Diddy beats Jay-Z, as Forbes’ richest hip hop artist

    Rapper Sean “Diddy” Combs topped a list of hip hop’s wealthiest artists compiled by Forbes on Wednesday, beating out contemporaries Jay-Z, Dr. Dre, Birdman and 50 Cent. Combs’ net worth was estimated at $550 million (343 million...

    • Posted April 22, 2012
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  • ARTFUL DODGER OF THE DELTA

    Of all the ludicrous tales of the greed and extravagance of Nigerian politicians, how does anyone allegedly mortgage a whole STATE for a N40billion loan?! He evaded arrest by hiding from the authorities in the corners of...

    • Posted April 20, 2012
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  • MasterCard Invests in Middle East & Africa

    In a move spurred by continuous economic development, steady population growth, stable outlook and large pool of young consumers entering the workplace each year,  MasterCard announced a new structure for the Middle East and Africa business. The...

    • Posted April 20, 2012
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  • MasterCard Announces Two New Appointments to Support Expansion in Nigeria

    MasterCard Worldwide in Nigeria has made two new appointments as part of its business development strategy to grow MasterCard’s operations and presence in Nigeria and across West Africa. Omokehinde Ojomuyide has been appointed Vice President of Business...

    • Posted April 20, 2012
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  • MRS Declares 70 kobo Dividend on Dismal 2011 Earnings

    MRS, a petroleum marketing company, has released its audited 2011 financial statements. The less than impressive performance was highlighted by the company’s slowdown in earnings, which fell 5% to N 70.9 billion from N 74 billion in...

    • Posted April 20, 2012
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  • MasterCard Invests in Middle East & Africa

    In a move spurred by continuous economic development, steady population growth, stable outlook and large pool of young consumers entering the workplace each year, Mastercard has announced a new structure for the Middle East and Africa business.  ...

    • Posted April 20, 2012
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  • South Africa’s PIC To Invest $250 Million in EcoBank

    The Public Investment Corporation (PIC), on behalf of Government Employees Pension Fund (GEPF), is pleased to announce that it will invest $250 million (about R1.7 billion) in the common equity of Ecobank Transnational Incorporated, the parent company...

    • Posted April 20, 2012
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  • Customs introduces new policy on imported vehicles

    The Nigeria Custom Service (NCS) has introduced a new policy that would henceforth guide importation of vehicles to stem revenue leakages and enhance the ability of the service to meet its targets. Addressing reporters on behalf of the...

    • Posted April 20, 2012
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  • JP Morgan Chase & Co to Open Branch in Lagos, Recruit 50 in 5 Years

    JP Morgan Chase & Co, one of the world’s most respected investment banking institutions is embarking on a footprint expansion in sub-Saharan Africa. The African growth strategy will see the company open  a full branch in Nigeria...

    • Posted April 20, 2012
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  • GTBank Net Income Swells to N 19.3 Billion in Q1, 2012 Earnings

    GTBank, one of the country’s finest lending institutions, recently released its earnings report for the first quarter of 2012. The company recorded gross earnings of N 52 billion, up 22% from N 43 billion made in Q1,...

    • Posted April 20, 2012
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  • Africa to be next boomtown for private equity

    Africa is the next big thing, just ask Bob Geldof and other private equity bankers. The Irish rocker made headlines in February when he announced the launch of his $200 million “8 Mile” fund, a sign the...

    • Posted April 20, 2012
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  • Nigerian Stock Exchange Watch: The Bulls Back at It, ASI Closes at 21,388.88

    The Nigerian Stock Exchange persisted in its rally today with the All Share Index adding 140 basis points to close at 21,388.88. The bullish performance recorded this week has brought the Year-to-date performance of the Index to...

    • Posted April 19, 2012
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