Latest News

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  Nigerian Entrepreneur and Indonesian Conglomerate Sign $ 1 Billion MOU with Government

  Britain based Nigerian entrepreneur Ladi Delano and Indonesian conglomerate Barkie Group has announce a Joint Venture focused on investing approximately $ 1 Billion or N 163 Billion in the Nigerian economy. The joint venture pegged Bakrie Delano...

  • Posted December 6, 2011
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  Sock Market Watch: ASI Yoyos Below 20,000 Threshold Once Again

  The Stock Market has continued its yoyo like ascent and descent around the 20,000 mark. The market fell in today’s trading by 32 points as the All Share Index closed at 19,951.13. Market Capitalization fell by N20.31...

  • Posted December 6, 2011
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  New Regulation Gives Nigerian States Right to Generate and Distribute Electricity

  The 36 Nigerian state governments  will next month get the statutory right to generate and distribute electricity from their domain. Chairman, Nigeria Electricity Regulatory Commission (NERC), Dr. Sam Amadi, disclosed this yesterday in Abuja at a stakeholders’...

  • Posted December 6, 2011
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  Nigerian Roads And The Odious Ranking

  A report by the United Nations has ranked Nigerian’s roads as the second worst road globally. For decaying road infrastructure, we have invited the odious ranking as 191 out of 192 countries of the world’s unsafest roads....

  • Posted December 6, 2011
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  NCC: Another Round of Test And Dwindling Service Quality

  GSM subscribers have continued to suffer the perennial problem of poor quality service.  It might seem a gang up as the big three makes life difficult for subscribers who toil daily to meet high subscription fees and...

  • Posted December 6, 2011
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  Naira Firms Up on Interbank Market

  The Nigerian Naira gained as much as 0.1% on the interbank market today as speculation was rife that oil majors sold dollars to the market. The Naira had fallen after the auction last week as increasing demand...

  • Posted December 5, 2011
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  Stock Market Watch: ASI Gains 26 Points

  The Nigerian stock market saw a reversal of its fortunes today as the ASI gained 26 points to close a t 20,015.66. The breweries sub-sector of the consumer goods sector led the market today as two participants,...

  • Posted December 5, 2011
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  Capital Markets Regulation: All Talk, No Action As Fortunes Dwindle

  As the fortunes of the market continue to dwindle pushing the ASI below the 20000 threshold to levels of lows not seen for close to a decade, capital market regulators must begin to ask themselves painful questions....

  • Posted December 5, 2011
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  AirTel Apologizes Over Service Disruptions, Claims $ 600 Million Investments

  Airtel Nigeria apologized to its over 16 million subscribers for a service disruption it experienced on Saturday as construction activities damaged its cable network. A statement released by the Top 3 Telecom company stated, “Airtel Networks Limited...

  • Posted December 5, 2011
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  The Foreign Airlines Swindle

  Recently British Airways was invited to answer charges of fare price fixing but it would seem nothing has improved as these foreign airlines continue swindling Nigerians. If we recalled very well BA was compelled to refund to...

  • Posted December 5, 2011
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  Private Refineries, Where are the refined products?

  Sometimes I just can’t understand why the refineries, government-owned wouldn’t work? From the days of long queues to these days of fuel subsidy removal threat, the private refineries are just stuck with a worthless license. For whatever...

  • Posted December 5, 2011
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  Petroleum Industry Bill Soon To Be Reintroduced In Senate

  Senate Chairman of the Committee on Petroleum (Upstream) has stated that the Petroleum Industry Bill (PIB) would soon be reintroduced to the House of Assembly for passage. Speaking with journalists in Abuja over the weekend, Senator Emmanuel...

  • Posted December 5, 2011
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  FG sets up panel to appraise $235m fine against BA and Virgin Atlantic

  The last may not have been heard of the British Airways (BA) and Virgin Atlantic Airways (VAA) price-fixing imbroglio as the Federal Government, at the weekend, constituted an administrative appeal panel to appraise the $235 million fine...

  • Posted December 5, 2011
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  AMCON Intervention is the Biggest Fraud in History – ISAN

  The Asset Management Company of Nigeria (AMCON), set up to wipe toxic loans off the balance sheets of banks has been described as the biggest fraud in the history of the nation’s financial sector by the Independent Shareholders...

  • Posted December 5, 2011
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