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  • UBA Plans To Restructure Business Units, Reduce Share Capital

    UBA has announced plans to seek shareholder approval in order to transfer its subsidiaries into a holding company as part of the CBN mandated restructuring exercise. The Nigerian lender has several subsidiaries including but not limited to...

    • Posted December 1, 2011
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  • FRSC: The New Driver’s License And Number Plates Controversy

    For a country that will be contending with fuel subsidy removal, increase electricity bill and others in 2012, FRSC is rushing forward to implement a policy that will snatch NGN21, 000 from certified and qualified driver who...

    • Posted December 1, 2011
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  • A Retirement With Health Care Challenges

    The concept of retirement rings true until it was shattered by global financial disturbances, demographic shifts and the many corruption and abuses that trailed health care systems. Pensioners die in queuing during horrendous verification processes. Sometimes they...

    • Posted December 1, 2011
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  • Central BankTo Sell N 125 Billion Worth of Bills Next Week, Bills Outperforming Inflation

    The Central Bank of Nigeria is gearing to sell N 125 Billion worth of treasury bills as part of its regular process of monetary supply control measures. The sale will take place next week Wednesday via the...

    • Posted December 1, 2011
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  • CBN, Oil Majors Meet Dollar Demand, Causes FX Rate Stability

    According to data from the CBN website, the apex bank supplied $200 Million at its bi-weekly auction yesterday. This was in fulfillment of the entire demand of $ 200 Million required by participants in the auction. This...

    • Posted December 1, 2011
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  • King of Bling Takes Wares On Road Trip To Abuja For National Elite

    A bizarre mix of pop stars, oil moguls and politicians swigged champagne and danced into the night in Nigeria’s capital at a launch party for Chris Aire, Nigerian jewellery designer to the stars, nicknamed “The King of...

    • Posted November 30, 2011
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  • Nigeria Stock Exchange: Activity Levels Pick Up As ASI Makes Marginal Gain

    The All Share Index recovered at most extreme marginal levels, gaining just a point in daily trading. The volume of shares traded today on the Nigerian Stock Exchange  appreciated by 70% hitting north of 300 million units...

    • Posted November 30, 2011
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  • Ericsson and Sony Ericsson Run Competition for App Developers in West Africa

    Ericsson in partnership with Sony Ericsson has announced plans to run a regional competition for application developers on the Android platform. The competition titled ‘Apps for Africa’ is to run under the aegis of the 2012 Ericsson...

    • Posted November 30, 2011
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  • Ojukwu, The Grave Issues Still Lie Afloat

    Over the years, the history books about the civil war have blamed Ojukwu for the frightening results of the civil war. A war that sympathizers have termed genocide and needless. But the truth is the grave issues...

    • Posted November 30, 2011
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  • Lekki-Epe International Airport: A Breath Of Relief

    Lekki-Epe international airport which has been a conversation in and out of the country has finally gotten a financial partner,L Stanbic IBTC Bank.  The bank CEO, Sola David-Borha has described it as a testament to their commitment...

    • Posted November 30, 2011
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  • Arik Air Readies To Resume Abuja-London Flights

    A month after it suspended flights between Nnamdi Azikiwe International Airport and London- Heathrow Airport, Arik 　Air said yesterday that it is set to resume operations by December 12, this year. According to the airline’s Chairman, Sir...

    • Posted November 30, 2011
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  • Mallam Lamido Sanusi is Forbes Africa Man of the Year

    Forbes Africa has named Mallam Lamido Sanusi, Governor of the Central Bank of Nigeria as its Person of the year. The CBN governor beat two Nobel prize Winners (President of Liberia, Ellen Sirleaf Johnson, and Kenyan Wangari...

    • Posted November 29, 2011
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  • Stock Market Watch: ASI Retreats To 20,000 Threshold

    The Nigerian Stock Exchange was in the red today, shedding 51 basis points and dragging the ASIdown to 20,000 points. Losses across the top tier banks set the trend for a predominantly bearish banking sector. First Bank,...

    • Posted November 29, 2011
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  • Facebook Said to Plan IPO at $100B Valuation

    By Douglas MacMillan and Brian Womack  Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the world’s largest social-networking site at more than $100 billion, a person with knowledge of the...

    • Posted November 29, 2011
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