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  • Cash-Lite Lagos: CBN Suspends 3rd Party Cheque Rule

    One of the rules under the cashless policy of the CBN has been suspended until March, 2012. The rule in question pertains to the encashment of third party cheques across the counter. The CBN had sought to...

    • Posted January 9, 2012
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  • Subsidy Removal: Cost of Basic Medication on Increase

    The President of the Pharmaceutical Society of Nigeria has alerted Nigerians that the costs of basic medication will appreciate by 50% in a matter of weeks, if the removal of subsidy is not reversed by the Federal...

    • Posted January 9, 2012
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  • Fuel Subsidy Removal: Tough Days Ahead

    Tough days await Nigerians as civil society groups and Nigerian Labour Congress (NLC) begins nationwide strike today. This is sequel to the refusal of the Federal Government to rescined the decision to halt removal of fuel subsidy,...

    • Posted January 9, 2012
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  • 2012 would be a competitive year for GSM operators – NCC

    Against the background of enforcement of quality of service (QoS) the regulatory body for service providers, Nigerian Communications Commission (NCC) has reiterated its position when it pointed out that 2012 would be a competitive year for operators...

    • Posted January 9, 2012
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  • Scam Alert from First Bank

    The First Bank of Nigeria Plc has issued an alert alert on the activities of unscrupulous individuals who have made attempts to scam unsuspecting members of the public using its Automated Teller Machines. In a statement issued...

    • Posted January 8, 2012
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  • Subsidy removal: Expect to pay more, telecoms operators tell subscribers

    The Association of Licensed Telecoms Operators of Nigeria (ALTON) said , Friday, that subscribers should expect to pay more for telecommunications services. ALTON Chairman, Mr Gbenga Adebayo, was reacting to the fuel subsidy removal. Adebayo told the...

    • Posted January 7, 2012
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  • Is Apple losing its cool factor?

    Shock! Horror! Crisis! Apple’s iPhone was not the top selling phone at Christmas – Samsung’s Galaxy S II was. Can this be? What has gone wrong? Surely some mistake? OK – I need to declare I am...

    • Posted January 7, 2012
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  • The Nigerian Stock ExchangeToday: Dangote Subsidiaries lead the market

    The NSE advanced 33 points today buoyed by the bullish performance of the Food and Beverages sub-sector. Dangote subsidiaries led the sector as the Sugar, Flour and Salt arms of the formidable conglomerate gained 4.94%, 4.35% and...

    • Posted January 6, 2012
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  • Bonga Oil Spill: Gov’t calls on Shell to accept responsibility, clean up coastal communities

    Reports from Shell that it has largely cleaned up the 40,000 barrels oil spill in the Bonga Oil field has been refuted by senior government officials including the Governor of Delta State, Emmanuel Uduaghan and the Director...

    • Posted January 6, 2012
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  • Labour Strike to have Little to no Effect on Crude Oil Exports – NNPC

    Even as the Nigerian Labour Unions, including the Oil and Gas workers union, PENGASSAN and NUPENG, have pledged to embark on a strike on Monday that will cripple economic activities in the country, many oil and gas...

    • Posted January 6, 2012
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  • Transport Ministry’s Website Compromised by Nigerian Hactivists, Hackers #OccupyNigeria

    The website of the Federal Ministry of Transportation has been hacked this morning by a group identifying themselves as “Naija Cyber Hactivists”. The group left this message on the home page, “Greetings Nigerian Government, We are Naija Cyber...

    • Posted January 6, 2012
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  • Economic Activities Paralyzed from Monday, Airports and Seaports Closed-Labour

    The Air Transport Services Senior Staff Association of Nigeria (ATSSAN), the Nation Union of Air Transport Employee (NUATE) the National Association of Aircraft Pilots and Engineer (NAAPE) have notified their members to withdraw their services at midnight...

    • Posted January 6, 2012
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  • S&P Reviews Credit Ratings of First, Zenith and GTBank

    International ratings agency  Standard & Poor’s have reviewed the ratings for three top-tier Nigerian banks.First Bank, Zenith Bank and GTBank have had their outlook ratings upgraded from stable to positive. The ratings agency has also confirmed the...

    • Posted January 6, 2012
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  • NBA Calls for Establishment of Loot Recovery Fund, Impeachment of Jonathan

    The Nigerian Bar Association has stated in categorical terms that it stands with the people against government’s decision on fuel subsidy withdrawal. The apex body for the law profession has also called on the National Assembly to...

    • Posted January 6, 2012
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