Don't Miss


Latest News

  • Nigeria Levies $235 Million Fine On BA and Virgin

    The Nigerian government has levied a fine of $235 Million on two British carriers. The affected carriers are British Airways (BA) and Virgin Atlantic, and are fined $135 Million and $100 Million respectively. The carriers have been...

    • Posted November 17, 2011
    • 0
  • Stock Market Watch: Some Stocks Rise in the Concrete

    As the market continues to decline, some stocks on the NSE continue to show a bullish resilience. In the consumer goods sector today, Dangote was the shining star today, as two of the groups companies, Dangote Sugar...

    • Posted November 17, 2011
    • 0
  • Nigeria In A Rebalancing Global Economy

    Emerging economies are playing catch up with the western economies in a global re-balancing economy. This has led to an urgent adoption of ideas and processes that has set the western economies apart from the rest of...

    • Posted November 17, 2011
    • 0
  • CJN Ban On Plea Bargain For Nigeria Graft

    The Chief Justice of Nigeria, CJN, Justice Dahiru Musdapher, has banned the use of plea bargain and trial in Nigeria by public parade against suspected criminals and corrupt public office holders. This is coming at a critical...

    • Posted November 17, 2011
    • 1
  • Nigerian Economy Takes A Slow Turn In Third Quarter

    Nigeria’s economic growth slowed slightly in the third quarter to 7.4 percent year-on-year as oil output dipped, but a rise in headline inflation in October strengthened expectations for an interest rate rise next week. Gross domestic product (GDP)...

    • Posted November 17, 2011
    • 0
  • NIMASA Is Challenged By Management Instability

    STAKEHOLDERS in the shipping and maritime sectors have called on President Goodluck Jonathan to appoint professionals in all the departments of the Nigerian Maritime Administration and Safety Agency NIMASA, pointing out that the organization has become more political than...

    • Posted November 17, 2011
    • 0
  • 26,000 Workers Are Now On Dangote Cement’s Payroll Across West Africa

    The Managing Director/CEO, of Dangote Cement, Shree Junnarkar, disclosed that 26,000 workers are now on Dangote Cement’s payrolls across West Africa, He added  that out of this figure, in Nigeria, the Group’s Savannah Sugar Company Limited (SSCL),...

    • Posted November 17, 2011
    • 0
  • Stock Market Watch: ASI In Second Day Decline

    The Stock Market declined for the second day in a row, shedding 15 points today and bringing the All Share Index to 20,372.92. Forte Oil consolidated on previous day gains and took the full 500 points allowed,...

    • Posted November 16, 2011
    • 0
  • Earnings Watch: HoneyWell Flour Mills Records N 941 Million Q2 Net Income

    Honeywelll Flour Mills has released its Q2, 2012 results, reporting a net income of N 941 Million. The company reported a marginal increase of 2.5% in Revenue which was N 18.7 Billion, up from N 18.2 Billion...

    • Posted November 16, 2011
    • 0
  • Innovation: Paying For Web Content To Survive

    In the beginning was the internet, it thrives on free web content and by that transformed the world of journalism. But that era might be receding into the past as companies find ways to monetize. Web content...

    • Posted November 16, 2011
    • 0
  • Building Trust after AMCON Cash Injections

    The dust might be finally settling down after AMCON cash injections in frail banks. But trust has been orphaned. Before now credit which was the lifeblood of the economy stopped flowing and banks refused to lend to...

    • Posted November 16, 2011
    • 0
  • Two Local Firms Purchase Oil Blocks Of Shell

    NNPC reveals that two local firms had completed the purchase of 45 per cent stakes in two onshore oil blocks, previously owned by Shell, Total and Eni. NNPC provided that First Hydrocarbon Nigeria (FHN), owned by Afren,...

    • Posted November 16, 2011
    • 1
  • Unity Bank’s Financial Contribution To BRT Buses Sums Up To N981.1m

      THE Managing Director of Unity Bank Plc, Mr. Ado Wanka reveals at the Unity Bank Day of 2011 Lagos Trade fair that the bank had financed the purchase of BRT buses to the tune of $6.3...

    • Posted November 16, 2011
    • 0
  • The Bridge Bank System Was To Resolve Problems Of Undercapitalization- NDIC

    The application of bridge bank System according to the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, was to resolve the issue of three under-capitalised banks which in all, was in the interest...

    • Posted November 16, 2011
    • 0