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  • Helios Investment Partners Announces Acquisition of Multi-Links

    The battle initiated by Helios Towers against Multi- Links over an attempted breach of agreement reached by both parties for the construction of telecommunication Base Transceiver Station (BTS) for Multi-Links has paid off, as Helios finally acquires...

    • Posted November 24, 2011
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  • Waziri Yet To Be Formally Communicated Of Her Removal

    The removed Chairman of the Economic and Financial Crimes, Mrs. Farida Waziri, on Wednesday is yet to be formally communicated to her. President Goodluck Jonathan has approved the appointment of Mr. Ibrahim Lamorde as the Acting Chairman/Chief...

    • Posted November 24, 2011
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  • Senate Panel Recommends Sack of BPE boss, Bolanle Onagoruwa

    The Senate Adhoc Committee that probed the privatisation of Federal Government’s enterprises has recommendation that the Director-General of the Bureau for Public Enterprise, Ms. Bolanle Onagoruwa, be  removed. The committee, which made 45 recommendations, also said  former Directors-General of...

    • Posted November 24, 2011
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  • ISPAT Steel Company Suspended By SON For Poor Quality Production

    Standards Organisation of Nigeria (SON) on Tuesday, suspended the production of iron rods from ISPAT Steel Company, in Agbara area, after failing to adhere to quality procedures prescribed by the agency. Director General, SON, Mr. Joseph Odumodu,...

    • Posted November 24, 2011
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  • Arresting Truancy In National Assembly

    Truancy is a way of life for legislators. It seems just the way they lived as if nothing matters. In a nation where the legion of state matters is listless, we cannot afford legislators who stay off...

    • Posted November 24, 2011
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  • FG targets 500,000 tonnes of cocoa by 2015

    The federal government plans to increase cocoa production from the present 300,000 tonnes to 500,000 tonnes by 2015, says Dr Akinwunmi Adesina, the Minister of Agriculture and Rural Development. Adesina said this on Monday in Abuja during an interactive session with...

    • Posted November 24, 2011
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  • Starcomms Denies Acquisition Deal

    Starcomms Plc has denied the rumours making the rounds in the telecoms industry that it had opened discussion with another operator on the possibility of being acquired. Chief Executive Officer of the company, Mr. Logan Pather, in...

    • Posted November 24, 2011
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  • Failed banks not nationalised; we acted in the interest of the public – says CBN

    The Central Bank of Nigeria (CBN) yesterday clarified that the defunct Springbank, Bank PHB and Afribank that were lately taken over by the Asset Management Corporation of Nigeria (AMCON) were not nationalised. It said they are being run...

    • Posted November 24, 2011
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  • M & A: Ecobank to Delist from NSE

    Ecobank Nigeria Plc Wednesday notified the Nigerian Stock Exchange (NSE) of its intention to delist from the Exchange. This follows a proposed reorganisation of its share capital that will make its parent company, Ecobank Transnational Incorporated own...

    • Posted November 24, 2011
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  • Sustainable Devt, Key to Africa’s Socio-economic Challenges

    United Nations (UN) Deputy Secretary-General, Asha-Rose Migiro, has stressed that sustainable development is key to addressing Africa’s economic, social and environmental challenges. She noted that the continent has the capacity to transit to a green economy without...

    • Posted November 24, 2011
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  • Nigcomsat-1R Satellite To Be Launched In December

    NigComSat -1R is set for launch on December 19, 2011. This is a replacement satellite to NigComSat-1, which was lost in orbit on November 10, 2008. The Chief Executive Officer of Nigerian Communications Satellite Limited (NigComSat), Timasaniyu...

    • Posted November 24, 2011
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  • Stock Market Watch: Market Sheds 12 Points in Daily Trading

    The stock market succumbed to the bears today as it received a clobbering causing it to shed 12 points at the end of trading. The banking sector recorded a few winners but there were exactly twice as...

    • Posted November 23, 2011
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  • Earnings Watch: Lasaco Assurance Net Income Grows 114% in 3Q Results

    Lasaco Assurance Plc released its 3Q, 2011 results on the Nigerian Stock Exchange today. The company’s management must be pleased with its performance, having increased Net Income by 114% to N 352 Million from N 164 Million...

    • Posted November 23, 2011
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  • Earnings Watch: Fidson’s 3Q Numbers, Revenue Leapfrogs Over 500%

    Fidson Healthcare is having a bumper year as its revenue has appreciated over 500%. The company, which produces Fast Moving Consumer Goods such as Fluffy Tissue, and Healthcare products such as Astymin (a malaria treatment drug), released...

    • Posted November 23, 2011
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