Latest News

• The Path To Financial Independence

  One day I hope to take that dream vacation. First on my list is a tour in Europe’s finest cities, starting from the western cities of London, Manchester,Dublin into Paris, Brussels, Amsterdam, Oslo, Zurich etc. I just...

  • Posted April 1, 2012
  • 0
• 
  Strategies For Attaining Sustainable Food Security

  The World   Food summit of 1996 defined food security as existing “When all people at all times have access to sufficient, safe, nutritious food to maintain a healthy and active life”. Commonly, the concept of food security...

  • Posted March 31, 2012
  • 0
• 
  Perm Sec, other N32 billion Pension Fraud Suspects Remanded to Kuje Prison

  A Federal permanent secretary, two directors and three other officials have been remanded in prison custody after they were charged yesterday with criminal breach of trust in respect of N32.8 billion pension funds between 2009 and 2011....

  • Posted March 30, 2012
  • 0
• 
  99% of CBN’s N200 billion Manufacturers’ Intervention Fund Disbursed

  Risk Management Division, Bank of Industry, Mr. Kola Adewole has disclosed that over 99% of the N 200 billion intervention fund set aside for manufacturers in the country had been disbursed. The CBN set aside the money...

  • Posted March 30, 2012
  • 0
• 
  Africa Finance Corporation (AFC) Invests N8 Billion in Kenyan Cement Manufacturer

  The Africa Finance Corporation, Nigeria’s leading development financial institution, has invested the sum of $50 Million in Athi River Mining (ARM). ARM is the second largest cement manufacturer in Kenya by way of production quantity. The company...

  • Posted March 30, 2012
  • 0
• 
  Stanbic IBTC Records 21% Drop in Profit in FY2011 Results, Proposes 10k Dividend

  Stanbic IBTC released its audited results today reporting a 21% drop in profits and a 10 kobo dividend. This is definitely not what its shareholders had in mind, however 2011 was all in all, a difficult economic...

  • Posted March 29, 2012
  • 0
• 
  Ondo may emerge 1st State to Have Uninterrupted Power as Mimiko Plans for 50MW Plant in Ore

  The Ondo State Government has indicated that it is committed to building a 50 Megawatt power plant in Ore town in order to boost the industrialization of the state as well as to add to the National...

  • Posted March 29, 2012
  • 0
• 
  Police, FRSC differ on new number plates

  The Nigeria Police and the Federal Road Safety Corps proceeded on a war path on Wednesday over the legality or otherwise of the production of the new number plates and driver’s licence. At the second day of...

  • Posted March 29, 2012
  • 0
• 
  Nigeria new car imports rise marginally in Jan, Feb

  New vehicle imports into Nigeria in January and February rose marginally compared to the same period last year, as dealers stuck with old inventory held back from placing new orders, CAR dealers said on Wednesday. Vehicle sales...

  • Posted March 29, 2012
  • 0
• 
  FEC Approves N 1.37 Billion e-Wallet Contract for Seed and Fertilizer Distribution, Sidelines “Political Farmers”

  The Federal Executive Council has awarded a N 1.327 billion two-year contract for the implementation of a system called e-Wallet meant for farmers in the country. The e-Wallet system is a more efficient way of getting agricultural...

  • Posted March 29, 2012
  • 0
• 
  Senate Probes British Airways, Virgin: Lagos to London First-Class Return Tickets Cost N 1.7 M

  The Senate has condemned the exorbitant and arbitrary charges British air carriers place on Nigerian passengers who purchase premium airline tickets for travel to and from London. First class return tickets cost as much as N 1.6...

  • Posted March 29, 2012
  • 0
• 
  Obama Has Made a Mess of the World Bank Succession

  Barack Obama’s decision to nominate Dartmouth College President Jim Yong Kim to head theWorld Bank has been well received. The prevailing view is that Kim is a smart solution to a tricky little problem: How to maintain a...

  • Posted March 28, 2012
  • 1
• 
  Naira Weakens First Time in Three Days After CBN Limits Sales

  The naira, yesterday, weakened for the first time in three days after the central bank reduced its supply of dollars just as oil companies are increasing their demand. The currency of Africa’s biggest oil producer depreciated as much as 0.6...

  • Posted March 28, 2012
  • 0
• 
  Nigeria secures N110b grant for projects from EU

  THE European Union (EU) has approved €555 million (N110 billion) grant for projects in different sectors of the Nigerian economy. Specifically, Head of Delegation of the European Union in Nigeria, David MacRae, said that the organisation has...

  • Posted March 28, 2012
  • 0