Latest News

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  Nigeria: Picking Peace Out Of These Pieces

  Editor’s note: This guest post is written by Olusegun Dada, he is an upcoming writer, blogger and public affairs commentator.   Many factors usually lead to conflicts all over the world, but in Nigeria, the Niger Delta struggles...

  • Posted December 17, 2011
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  Nigeria Stock Exchange Lists First Gold-Backed Exchange Traded Fund Monday

  Nigeria’s bourse is to list its first exchange traded fund (ETF) on Monday, a South African gold-backed fund that will broaden the exchange’s range of products beyond equities and bonds, the stock exchange said on Friday. NewGold,...

  • Posted December 17, 2011
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  Olusegun Aganga: Nigeria to be “The Investment Destination”, Investors Already Planning Refineries

  Whilst attending a World Trade Organization summit in Geneva last week, the Minister of Trade and Investments, Olusegun Aganga, spoke on Russia joining the WTO, and more importantly on Nigeria’s drive to diversify her economy. Responding to...

  • Posted December 17, 2011
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  IMF MD, Christine Lagarde To Visit Nigeria Next Week

  International Monetary Fund (IMF) Managing Director Christine Lagarde will visit Nigeria and Niger from December 18–22, 2011, on her first trip to Africa since her appointment earlier this year. Ms. Lagarde will hear from policymakers, the African...

  • Posted December 16, 2011
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  When Ghana Sells Electricity To Nigeria

  In recent times Ghana has shown marked improvement in pushing forward her ambition of leading the West Africa coast. Hearing about its goal of become a net exporter of power in the West African sub-region by 2015...

  • Posted December 16, 2011
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  Fitch Ratings Cut Credit Grades of Bank of America, Goldman Sachs and Citigroup

  Bank of America Corp., Goldman Sachs Group, and Citigroup, had their credit grades cut by Fitch Ratings as the impact of financial regulation and market turmoil weighed on the industry. The lenders’ long-term issuer default ratings were cut one...

  • Posted December 16, 2011
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  Indian BPO Firm granted Pioneer Status Incentive by FG, Gets 5 year Tax Holiday

  Spanco, a business process outsourcing firm based in India has announced that the Nigerian Investment Promotion Commission (NIPC) has granted the pioneer status incentive in respect of company`s activity in telecommunications to expand their business. Spanco has a $ 250...

  • Posted December 16, 2011
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  Representatives: “We have not changed our position on subsidy”

  The House of Representatives have sent signals to the general public and the Presidency indicating that they are unimpressed with the 2012 National budget as proposed and submitted to their chambers by President Goodluck Jonathan and his...

  • Posted December 16, 2011
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  President: “Nigeria Cannot Continue to Borrow Because of Subsidy”

  Speaking at the Christmas Carol Service held at the Villa yesterday night, President Jonathan defended the absence of any provision for subsidy in the 2012 budget. In a speech delivered to those present at the venue, the...

  • Posted December 16, 2011
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  Global Retailers And The Battle For Indian Market: What Can We Learn?

  Nigeria’s emerging middle class which is put at 38million strong is a huge attraction for investors. It has led to an increasing number of new modern shopping malls that are sprouting in the major cities of the...

  • Posted December 16, 2011
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  Stock Market Watch: Hurrahs as the market climbs over 20,000 threshold

  The Nigerian Stock Market closed the week on a very bullish note, in what is hopefully a sign of things to come for the hitherto battered market. The All Share Index inched up 1% or 100 basis...

  • Posted December 16, 2011
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  Earnings Watch: Prestige Assurance 3Q 2011 Numbers Released

  Prestige Assurance announced its unaudited 3Q, 2011 results on the floor of the exchange today. The company recorded a 3% increase in Gross Premiums written that sttod at N 3.24 billion at the end of September as...

  • Posted December 15, 2011
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  Naira Appreciates Against Dollar On Robust Greenback Sales Bet

  The naira appreciated for the first time in four days against the dollar on bets that the central bank and some oil companies sold the U.S. currency. The currency of Africa’s biggest oil producer gained 0.3 percent to 162.20 per...

  • Posted December 15, 2011
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  Consolidated Breweries to Embark On Rights Issue, Expands Production Capacity of Benue Subsidiary

  Consolidated Breweries, manufacturers of popular 33 beer has secured approval to commence a rights issue of 99,140,625 ordinary shares valued at 50 kobo each. The company received approval from its shareholders to go ahead with the issue...

  • Posted December 15, 2011
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