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  • Goldman Sachs Muppetgate: A Lesson for Nigeria’s Corporate World

    Editors Note: This guest post is written by Michael Irene, he is a creative writing doctoral student at Anglia Ruskin University, Cambridge. I was drawn to the article “Why I left Goldman Sachs” by Greg Smith and...

    • Posted March 19, 2012
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  • 2011 Earnings: GTBank Deposits North of N 1 trillion, Net Income at N 52 billion

    GTBank has released its 2011 financial statements. The bank reported a 23% change in Earnings from N 153 billion in 2010 to N 188 billion in 2011. The bank also reported a 28% increase in operating income,...

    • Posted March 19, 2012
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  • States, LGs get Authorization to Generate and Distribute Electricity

    The Nigerian Electricity Regulatory Commission (NERC) has authorized local governments and communities the ability to generate and distribute their own electricity. NERC recently issued two regulations entitled “NERC Regulation on Embedded Generation 2012,” and “NERC Regulation for Independent...

    • Posted March 19, 2012
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  • We looted N14.3b Pension Cash, suspects confess

    DETECTIVES at the Economic and Financial Crimes Commission (EFCC) are questioning a Federal Permanent Secretary and two directors in some ministries for allegedly stealing about N14.3billion Police Pension cash. The suspects, The Nation learnt yesterday, explained how...

    • Posted March 19, 2012
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  • NCAA moves against Passenger Rights abuses by Airlines

    The Nigeria Civil Aviation Authority ( NCAA) is planning to introduce a passengers’ bill of rights in line with the requirements of the global aviation regulator-International Civil Aviation Organisation) ICAO, investigations have revealed. The measure is aimed...

    • Posted March 19, 2012
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  • Accolades as Indigenous Company, Nigerdock Plc Builds First-ever Well Head Platforms in Nigeria

    An indigenous company, Nigerdock Nigeria Plc recently delivered three wellhead platforms built in Nigeria at its Snake Island facility to Mobil Nigeria Plc. The wellheads were the first ever to be designed and fabricated wholly in Nigeria....

    • Posted March 19, 2012
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  • Government to Invest $150 billion in Oil and Gas Sector

    The President, on Friday, commissioned three wellhead platforms for the Nigeria National Petroleum Corporation (NNPC) and Mobil that were built by Nigerdock Nigeria Plc at its Snake Island Integrated Free Zone facility in Lagos. The three wellhead...

    • Posted March 19, 2012
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  • Africa: 10 cities to watch

    Everyone is talking up Africa’s potential for growth – but in a continent with more than a billion people, where should foreign companies focus their attention? According to research by Frontier Strategy Group, Africa will have 73 cities...

    • Posted March 18, 2012
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  • Derivation and deprivation: Why the North is poor

    Editor’s note: This guest post is written by Ross Alabo-George, Post was earlier published on vanguardngr.com ACCORDING to official figures, the leading oil producing state, Rivers, received N1,053 billion between 1999 and 2008 in federal allocations. By contrast the...

    • Posted March 18, 2012
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  • New Banking Laws Underway – CBN Gov

    Four new laws is on the way that will tighten the financial sector regulations, the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi yesterday said. The bills are  the Electronic Transaction Bill, the Financial Ombudsman Bill,...

    • Posted March 18, 2012
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  • Is Arunma Oteh the new Dora Akunyili?

    When it comes to integrity in public service, Nigerian women seem to be leading the way. Well that is with the exception of Patricia Etteh, the former Speaker of the House and an ex-hair dresser who approved...

    • Posted March 16, 2012
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  • Senate inflates 2012 budget, may cause stalemate

    The Senate passed the 2012 budget on Thursday with higher expenditure than the finance minister advised, risking further delays to implementing spending plans if President Goodluck Jonathan refuses to approve them. Spending plans for Africa’s second largest economy have...

    • Posted March 16, 2012
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  • BUA’s $50m pasta plant to begin production

    BUA International Group, one of the leading local conglomerates, is set to join the league of major pasta producers in the country, following a $50m (N8.1bn) investment in its production plant. The Group Chief Operating Officer, BUA...

    • Posted March 16, 2012
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  • Reps asked for N39m, N5m bribes – DG SEC

    The investigation by the House of Representatives of the Nigerian Capital Market took a dramatic twist on Thursday as the Director-General of the Securities and Exchange Commission, Ms. Arunma Oteh, accused the Chairman, House Committee on Capital...

    • Posted March 16, 2012
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