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  • Gold, Euro and Stock Markets Rise due to Greece Bailout Approval

    Equity markets across Europe and in America have continued their rebounding streak, thanks to the approval of a second bail-out for Greece. The German DAX was up 1.46% as of 12:30 Eastern time, yesterday. Also the Stoxx...

    • Posted February 21, 2012
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  • NNPC Boss says corruption claims ‘imaginary’

    The head of Nigeria’s state oil company on Monday said corruption within NNPC was overblown, casting doubt on whether the firm intends to tackle what several reports have highlighted as a major problem. Numerous reports and audits...

    • Posted February 21, 2012
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  • BPE Postpones PHCN Privatization

    The Bureau of Public Enterprises (BPE) has rescheduled the sale of the 17 PHCN successor companies till October 2012. This marks the second time the Bureau will postpone the sale,  as they were originally slated to be...

    • Posted February 21, 2012
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  • Nigerian Stock Market Watch: Market Up 0.14%, Banking Stocks offer Tremendous Upside

    Although it was a close call, the bears won the tug of war in the banking sub-sector beating the bulls (6 losers to 5 gainers). Banking stocks in the green today included UBA Plc (+4.76%) which continues...

    • Posted February 20, 2012
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  • NBS releases January Inflation Data, CPI rises to 12.6%

    Headline Inflation in the country rose sharply to 12.6% in January, according to a report published by the Nigerian Bureau of Statistics (NBS) today. This did not take anyone unawares as it was an expected economic shock...

    • Posted February 20, 2012
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  • NGOs sue CBN, FG over 2011 subsidy payment documents

    The Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi has been sued by two  Non-Governmental Organisations groups, the Socio-Economic Rights and Accountability Project (SERAP) and Women Advocates Research and Documentation Centre (WARDC) over an alleged...

    • Posted February 20, 2012
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  • Iran Stops Exporting Oil to British, French Companies as Tension Increases

    Iran halted crude sales to French and British buyers to pre-empt a European Union ban on imports of its oil, just as OPEC’s second-biggest producer negotiates supply contracts with China. Iran “will give its crude oil to new...

    • Posted February 20, 2012
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  • Main One partners get free broadband capacity

    A leading broadband provider in the country, Main One Cable Company, has rewarded some of its distrubutors with one month complimentary broadband capacity. The company, in statement on Monday, said the  affected distributors were members of its...

    • Posted February 20, 2012
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  • Chellarams Raises N540m from Bond Issuance

    Chellarams Plc last week raised  N540 million through bond issuance  meant to  replace infrastructure and  invest in its associated companies. The bond, which was approved by the Securities and & Exchange Commission (SEC) is the Series 2...

    • Posted February 20, 2012
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  • Nigeria Tows the Line of Economic Failure as Ekweremadu Announces One Ecowas Currency

    Despite the economic problems that are plaguing Europe, the only regional bloc in the world to have adopted a single currency and which is now feeling the hazardous effects on its economy, Nigerian Deputy Senate President, Ike...

    • Posted February 20, 2012
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  • Police Officer wins N10m, as MTN @ 10 promo ends

    As the MTN at 10 years celebration comes to an end, a Benue State-born police officer and clergyman, James Orkuma,  emerged one of the lucky winners of 10 million naira  at the grand finale of the MTN...

    • Posted February 20, 2012
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  • Presidency Orders Chevron to Engage in Corporate Social Responsibility in Niger Delta

    Despite the great environmental damage done to the Nigerian environments primarily in the South-south region where crude oil is mined, many multi-national companies are sleeping on their duty to be good corporate citizens and provide basic services...

    • Posted February 20, 2012
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  • PPPRA tells Marketers, Bankers: Rest Assured, Subsidy Payments will be made in 2012

    In order to forestall any shortages that may arise in the supply and availability of petroleum products in the country, the Petroleum Products Pricing Regulatory Agency (PPPRA) has sent clear signals to importers and their financier, Nigerian...

    • Posted February 20, 2012
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  • NCC raids Chinese Mobile Phones Importers in Computer Village

    Two mobile phone vendors operating from the popular Computer Village in Ikeja had their operations shut down by the Nigerian Communications Commission (NCC) last Friday. The firms Kenxinda Technologies Ltd and G-Tide mobile Ltd were raided by...

    • Posted February 20, 2012
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