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  • “Soon, We Shall All Be Trekking”, How I Ate My Words – Reuben Abati

    Editor’s note: This post is written by Dr Reuben Abati, spokesman for President Goodluck Jonathan. Post was  earlier published in March 01, 2009, he is now in support of the fuel subsidy removal and apologizes for his rant below. he has since...

    • Posted January 6, 2012
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  • Stock Market Watch: ASI inches up 11 points

    The Nigerian Stock Exchange recorded a positive performance for the first time this year today. The bourse inched up 11 points to close at 20,657. Top gainers today were Honeywell(4.96%), Custodian (4.93%), Dangote Flour(4.93%), Fidson(4.65%) and May...

    • Posted January 5, 2012
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  • Bagco Appoints New Directors

    Bagco Nigeria Plc has notified The Exchange of the appointment of Messrs. Olukorede Okusanya as Company Secretary / Director and Thanasis Mazarakis as Non-Executive Director. Okusanya has an Upper Credit (HND) in Accounting from Ondo State Polytechnic,...

    • Posted January 5, 2012
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  • SUBSIDY OR NO SUBSIDY

    There is hardly any new viewpoint that can be added to the fuel subsidy controversy currently playing out in Nigeria. I have heard taxi drivers, market women even secondary school children giving their expert opinions on whether...

    • Posted January 5, 2012
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  • Sanusi places full weight behind Subsidy Removal, Says Cost of Living Increases were Expected

    Speaking to BBC Africa, Lamido Sanusi stated, “We are in a world where there are serious concerns about sovereign debt. We are in a world where there are concerns about the Euro Zone and what that might...

    • Posted January 5, 2012
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  • Yahoo names PayPal’s Scott Thompson as CEO

    Yahoo named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc and turn around the struggling company. Thompson, credited with driving...

    • Posted January 5, 2012
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  • EU in Agreement on Iranian Oil Sanctions, Crude Oil Futures Surge on Supply Concerns

    After weeks of back and forth threats between the US, the EU on a side and Iran on the other, feelers are emerging that the European Union member countries have largely reached a consensus to place an...

    • Posted January 5, 2012
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  • AMCON Vows to Collect on All Bad Loans Outstanding

    The Asset Management Corporation of Nigeria (AMCON) has released a statement indicating its readiness to collect on all outstanding bad debts and accrued interest from the debtors that caused many banks to crash before the CBN intervention....

    • Posted January 5, 2012
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  • EuroZone Update: Greece Seeks More Bailout Funds, Threatens to Depart Economic Block

    Prime minister of Greece, Lucas Papademos has requested an additional financing line from the European Central Bank and International Monetary Fund to the tune of € 130 billion. The embattled sovereign has an obligation to its creditors...

    • Posted January 5, 2012
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  • Chinese New Year of the Dragon to Boost Demand for Gold

    China, the second-largest gold-jewelry market after the United States, is expected to increase iits consumption by as much as 35% according to Frost & Sullivan, a global research and consulting company. Chinese custom calls for the gifting...

    • Posted January 5, 2012
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  • Government Yet to Reverse Decision on Fuel Subsidy, Orders 1600 Mass Transit Buses to “Cushion Effects”

      The emergency meeting of the Federal Executive Council held earlier today ended with one thing for certain. The government has not yet decided to reverse its decision on the Fuel Subsidy withdrawal.   Despite overwhelming mass...

    • Posted January 4, 2012
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  • MTN to Invest $ 1 Billion in 2012 to “improve network” – Goodluck

    MTN Group Ltd. (MTN), Africa’s largest mobile-phone operator, will spend more than $1 billion this year to improve its network in Nigeria after the nation’s phone regulator last year demanded better service. “The investment will relieve congestion and improve...

    • Posted January 4, 2012
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  • Stock Market Watch: Market Capitalization at N 6.5 trillion

    The Nigerian Stock Exchange started the session today with some upwards momentum, however the bourse succumbed to bearish resistance leading the ASI to shed 0.17% and close at 20,635.07 All tickers across the banking sub-sector fell in...

    • Posted January 4, 2012
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  • Labour Unions Declare Strike from January 9th, Advise Nigerians to Stockpile Food and Water

    The National Labour Congress (NLC), and the Trade Union Congress (TUC), Nigeria’s foremost labour organizations, have released a joint statement calling on the Federal Government to reverse the pump price of petrol back to N 65 or...

    • Posted January 4, 2012
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