Don't Miss


Latest News

  • Standard & Poor’s Upgrades Nigeria’s Rating to Positive

    Standard & Poor’s Ratings Services said today it revised its outlook on the Federal Republic of Nigeria to positive from stable. At the same time, we affirmed the ‘B+/B’ long- and short-term issuer credit ratings and the...

    • Posted December 29, 2011
    • 0
  • Bonga spill: Senate directs agencies to check shoreline oil

    The Senate Committee on Environment has directed the Nigerian Oil Spill Detection and Response Agency (NOSDRA) and the Department of Petroleum Resources (DPR) to examine the oil noticed on the shoreline when the members of the committee had an...

    • Posted December 29, 2011
    • 0
  • Tokunbo Vehicles, Petrol and Rice top list of December Imports

    Used and new vehicles as well as Premium Motor Spirit (PMS) topped imports into the country for the month of December against the envisaged increase in the importation of rice at this time of the year. Statistical...

    • Posted December 29, 2011
    • 0
  • Central Bank Releases Guidelines for Cashless Lagos, Rules Apply from 1-1-2012

    The CBN released guidelines for the implementation of Cash Lite Lagos beginning, January 1st, 2012. Under the guidelines released by the CBN, banks are expected to stop providing CIT (cash in transit) services to merchant customers. CIT...

    • Posted December 29, 2011
    • 0
  • Gold Prices Plummet Due to Eurozone Crisis, Profit-taking

    The price of gold continues to plummet due to strong growth in the value of the dollar. The European financial crisis continues to take a toll on the Euro and strengthen USD/EUR currency pair such that the...

    • Posted December 29, 2011
    • 0
  • Former Award Winning Banker Cecilia Ibru Shamed, De-listed from CIBN Register

    The Chartered Institute of Bankers of Nigeria (CIBN) has struck-out Mrs. Cecilia Ibru, former Managing Director/Chief Executive, Oceanic Bank International Plc and an Honorary Fellow of the Institute from her Register of members. According to a statement...

    • Posted December 29, 2011
    • 0
  • IPMAN Seeks PPPRA Approval to Import Petrol

    The Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Western Zone plans to start the importation of petroleum products into the country. Already, it has sought import approval from the Petroleum Products Pricing Regulatory Agency...

    • Posted December 29, 2011
    • 2
  • Forbes List: 30 Entrepreneurs under 30

    The World’s leading business news publication, Forbes has compiled a list of 30 bright stars in America, under the age of 30, that are making waves across diverse industries such as Finance, Real Estate, Media, Social and...

    • Posted December 28, 2011
    • 1
  • Company Sues Former Employee for Value of 17K Twitter Followers

    Noah Kravitz left his former employer PhoneDog in October 2010 on good terms. Now the company is suing him for $340,000 for the 17,000 followers he kept after he left the the position, valuing each follower at...

    • Posted December 28, 2011
    • 0
  • Chinese FDI Inflows Surpass $6 Billion in 2011

    The exponential growth rate of Chinese economic links with Africa has reached a new height as report by Oxford Business Group (OBG) has revealed that China accounts for roughly 25 per cent of Nigeria’s inbound Foreign Direct...

    • Posted December 28, 2011
    • 0
  • Brazil’s Economy Overtakes Britain

    Brazil has overtaken the UK as the world’s sixth largest economy, an economic research group has said. The Centre for Economics and Business Research (CEBR) said its latest World Economic League Table showed Asian countries moving up...

    • Posted December 28, 2011
    • 0
  • Did Russian Billionaire Also Buy $8 Million Home For Daughter’s Guard? [PICS]

    Last week, the web was abuzz with the news that billionaire Russian oligarch Dmitry Ryoblovlev had given his 22-year-old daughter the gift to end all gifts–an $88 million apartment at 15 Central Park West that had previously belonged to ex-Citigroup...

    • Posted December 28, 2011
    • 1
  • Effects of Foreclosure following collapse of real estate bubble in emerging markets

    It took some time, but they are finally beginning to get it. Leading financial analysts, money managers and economists have commenced to comprehend that real estate bubbles in many emerging markets could crash. The Nobel Laureate economist...

    • Posted December 28, 2011
    • 0
  • Terrorism: Impact on Nigerian Entertainment Industry

    A few days ago I went with some friends to the Silverbird galleria in Abuja. It had been a hard day and people needed to release the tension and relax. My friend’s little sister suggested that we...

    • Posted December 28, 2011
    • 0