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  • Senate Commends Customs on N 900 Billion Generated in 2011

    The Federal Government lost N 37 billion in revenue to import waivers granted under the Export Expansion Grant scheme (EEG). The scheme is meant to allow Nigerian manufacturers who export their finished goods, procure/import raw materials required...

    • Posted February 3, 2012
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  • NSE set to reduce listing requirements

    The Nigerian Stock Exchange has said that it is set to reduce the listing requirements for companies seeking to raise capital from the Exchange. This, according to the NSE, is part of its plans to deepen activities...

    • Posted February 3, 2012
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  • Health Ministry Expands Cancer Treatment Facilities, Offers Widespread HPV Vaccination

    TEN teaching hospitals in Nigeria are to benefit from a N1.44 billion ($9 million) project supported by the International Atomic Energy Agency (IAEA) to procure cancer-treating equipment. Beneficiaries of the project to be completed in 2015 are...

    • Posted February 3, 2012
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  • Nigerian Stock Exchange Watch: Market YTD Performance 0.44%

    The Nigerian bourse recovered from its losses yesterday as the ASI closed up marginally by 0.15% settling at 20,822.0. Diamond Bank continues to lead the YTD performance of the banking sub sector as the stock gained an...

    • Posted February 2, 2012
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  • Etisalat invites bids for African towers – sources

    (Reuters) – UAE telecoms operator Etisalat has invited bidders for its telephone tower operations in Africa, two sources familiar with the matter told Reuters on Wednesday. Etisalat operates in about 10 African countries, including Egypt, Nigeria, Tanzania...

    • Posted February 2, 2012
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  • 11 Deadly Social Media Sins for Brands

    Most brands are trying really hard to succeed with their social media initiatives. They are trying new ways to engage – from receipts at checkout to advertisements in newspapers; brands are trying their best to connect with...

    • Posted February 2, 2012
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  • NairaTweets offers FREE Advertising Credit to Businesses

    As part of our Corporate Social Responsibility and our passion to support Nigerian Businesses through our existing web platform – www.nairatweets.net – a crowd sourcing, social engagement service available to Nigerian Businesses and Twitter Users – NairaTweets...

    • Posted February 2, 2012
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  • Highlights of Facebook’s $ 5 Billion IPO Filing

    Facebook filed for its IPO yesterday with the Securities and Exchange Commission (SEC) in Washington DC. Anthony De Rosa has put together a compilation of the most interesting points. Enjoy: Zynga accounted for approximately 12% of Facebook...

    • Posted February 2, 2012
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  • Bonuses: Former NSE Officials Refund N 607 million

    The Nigerian Stock Exchange has recovered N607m out of the N1.39bn shared by former council members as bonuses between 2006 and 2008. The News Agency of Nigeria reports that N783.8m  is still outstanding. The 2010 annual report of the...

    • Posted February 2, 2012
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  • Bureau of Public Enterprises issues RFP for Transmission Company of Nigeria

    The Bureau of Public Enterprises (BPE) has issued a Request for Proposals (RFP) to Manitoba Hydro of Canada and Power Grid of India ahead of its planned sale of the Transmission Company of Nigeria (TCN). The Transmission...

    • Posted February 2, 2012
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  • NCC to Bar Unregistered Subscribers in March, says Number Portability Commences September

    The Nigerian Communications Commission has disclosed that unregistered SIM cards in the country will be blocked in March. The Executive Vice-Chairman, NCC, Eugene Juwah stated that the NCC is currently ongoing the data harmonization exercise with the...

    • Posted February 2, 2012
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  • Zuckerberg’s Letter to Potential Facebook Shareholders’ (Full Text)

    As part of the company’s $ 5 billion Initial Public Offering (IPO) filings yesterday, the CEO of Mark Zuckerberg penned a letter to potential shareholder’s, stating that the company was on a social mission, and engaged in...

    • Posted February 2, 2012
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  • Sun Trust Real Estate Investment Trust (REIT) Seeks to Raise N 20 Billion from Investors

    SUN Trust Savings and Loans, an indigenous mortgage bank, licensed by the Central Bank if Nigeria to provide mortgage banking services. The company has announced plans to raise N 20 billion from the capital markets via the...

    • Posted February 2, 2012
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  • Nigerian Stock Exchange: ASI Market Capitallization Dips by 0.41%

    The Nigerian bourse lost N 26 billion of its market capitalization today as the All Share Index retreated 0.41% to close at 20,790.87. The general activity in the market saw a decline today as the volume traded...

    • Posted February 1, 2012
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