Latest News
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We need to stop paying subsidies and invest in our refineries – Sanusi
Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has warned of grave economic consequences for the nation if Nigerians did not support the proposed removal of oil subsidy. He said though the removal was a...
- Posted November 27, 2011
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Savannah Bank: Hurdles before the Bridge Bank Option
A recent statement credited to Nigeria Deposit Insurance Corporation threatening to use the bridge bank option for Savannah Bank and Societe General Bank, has raised eyebrows among the shareholders of the bank. Ike Abonyi x-rays their position...
- Posted November 27, 2011
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Return Gambo Or We Go On Strike- Pengassan
On Friday, The Petroleum and Natural Gas Senior Staff Association of Nigeria made known their stand concerning the suspension of their Branch manager, Mr Mohammed Gambo, that if he is not returned back into office, they would...
- Posted November 27, 2011
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TFC Wins West Africa Tourism And Hospitality Awards
Tastee Fried Chicken (TFC) wins the 2011 West Africa Tourism and Hospitality Awards (WATHA) Platinum Award held in Ghana. TFC, a Nigerian owned eatery that has for years served the Quick Service Restaurant (QSR) sector of the...
- Posted November 27, 2011
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Uniliver Product Recognized In Guinness Book Of Records
One of Unliver product, lifebuoy soap enters Guinness world book of records. This is attributed to one of the most remarkable exercise carried out by the company. Recently in this year, to celebrate the world’s hand washing...
- Posted November 27, 2011
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MDCN Withdraws Doctors Certificates For Misconduct
The Registrar and Chief Executive Officer of the Medical and Dental Council of Nigeria(MDCN) Dr. Abdulmumini Ibrahim, has disclosed that a total number of 50 doctors in Nigeria have been sanctioned and 2 have been removed from...
- Posted November 26, 2011
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Nigeria’s Pharmaceutical Manufacturers At Global Competitive Disadvantage
The strong structural shifts and marketing trends of the global economy especially in the manufacturing and pharmaceutical sector has forced the former governor of the central bank of Nigeria, Prof Charles Soludo to question Nigeria’s ability to...
- Posted November 26, 2011
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Visco Prints Introduces Dutch Wax African Textile Designs
One of the major sponsors of the just concluded Miss Nigeria, Visco group of Companies has disclosed her interest in bringing a Dutch Wax African textile company into Nigeria. The Brand Manager of Visco Netherlands B.V, Ester...
- Posted November 26, 2011
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Marketing Corporation To Replace All Marketing Boards Nationwide
There is a plan to replace all Marketing Boards all over the nation with Marketing Corporations by the federal government. This was made known at the convocation ceremony of the federal College of Agriculture, Moor Plantation, Ibadan...
- Posted November 26, 2011
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Stock Market Watch: ASI Rebound, Gains 81 Points
The Nigerian Stock Market rebounded today gaining 81 points in trading today, reversing on the depressing loss it grudgingly entertained yesterday, that placed it all levels not seen in over half a decade. Arguably Dangote Cement was...
- Posted November 25, 2011
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Daewoo Engineering Awarded $716 Million Thermal Power Plant Contract
South Korean Company, Daewoo engineering and Construction has been awarded a $ 716 Million contract to build a thermal power plant in Nigeria. The contract was awarded by French Oil major Total. Total also recently awarded a...
- Posted November 25, 2011
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EcoBank’s Oceanic Merger To Be Completed By Year 2012
CEO of Ecobank, Arnold Ekpe has stated that the merger between Ecobank and Oceanic Bank will be completed by the year end of 2012. He made the following disclosure to Reuters today. The merger will see the...
- Posted November 25, 2011
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Bears Tighten Hold on Equities
Bears tightened their hold on the stock market Thursday, dragging the Nigerian Stock Exchange (NSE) All-Share Index below the 20,000 level for the second time within two months. The benchmark index had hit the 19,000 level in...
- Posted November 25, 2011
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Ogun Partners BoI on Industrialisation
The Ogun State Government is partnering the Bank of Industry (BoI) in the government’s efforts to industrialise the state. The State Governor, Ibikunle Amosun, who disclosed this in speech at a Town Hall meeting with stakeholders on...
- Posted November 25, 2011