Latest News
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Oceanic And Ecobank Will Merge Customers By 2012
Oceanic Bank would fully merge its customers with Ecobank by the first quarter of 2012. The merging of the two bank customers would allow customers to conduct teller transactions at over 230 locations of Ecobank Nigeria. When implemented,...
- Posted November 16, 2011
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ETF To Be Launched As An Alternative For Investors
The management of the Nigerian Stock Exchange (NSE) has concluded plans to launch the Exchange Traded Funds (ETF) in order to deepen the value of the equities market and provide an alternative investment window for investors. There would be...
- Posted November 16, 2011
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Stock Market Watch: ASI Reverses Previous Days Gains
The Stock Market reversed its gains yesterday and fell by 0.11% bringing the All share index to close at 20,404.23. Bearish sentiment prevailed in the banking sector, as only four counters recorded gains today. Zenith and First...
- Posted November 15, 2011
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Total Awards French Construction Company Eiffage $424 Million Contract
Eiffage, a French construction company has been awarded a $424 million contract to build a metallic oil rig for oil major Total. The sizable contract will include an oil rig, lodging quarters for over a hundred people,...
- Posted November 15, 2011
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Nigerian Headline Inflation Up October As Third Quarter GDP Tumbles
According to data recently released by the National Bureau of Statistics, inflation for the month of October accelerated to 10.5%, reflecting an increase of 0.19% from the month of September. Real GDP also fell on the back...
- Posted November 15, 2011
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Betting On Tech: Where The Likely Innovations Might Sprout From
The human population has grown at such dazzling a pace, thereby stimulating discussions on where the next innovation in tech could come from. That is the task of the curious mind. Bloomberg Business said our population has...
- Posted November 15, 2011
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National Honours Awards And Professor Achebe’s 2nd Rejection
The national honour is one of the awards prominent Nigerians look forward to. But it has suffered from numerous credibility issues and subsequent rejections that have befell it. Even the gale of celebration couldn’t have stopped another...
- Posted November 15, 2011
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NairaTweets Launches Digital Content Store
As an enhancement of the existing web platform – www.nairatweets.net – a crowd sourcing, social engagement service available to Nigerian Businesses and Twitter Users – Nairatweets has launched its Digital Content Store. The aim of the Store...
- Posted November 15, 2011
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Fidelity Bank One of Ten Banks Awarded International Quality Standard Certification ISO 27001
FIDELITY Bank Plc was awarded the certificate confirming that it has fulfilled the necessary requirements and has subsequently joined the only 10 companies in Africa whose information management system has become ISO 270001 compliant. At the event...
- Posted November 15, 2011
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AGAT Introduces Novel Aluminium Products
APEX Global Aluminium Technologies (AGAT) Limited, an indigenous aluminium manufacturing industry displays its array of products. The company’s products exhibited at the fair include Aluminium Longspan Roofing sheets; Aluminium Step Tiles Roofing sheets; Sliding; projected and casement...
- Posted November 15, 2011
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Air Nigeria Flights Suspended from Operation Nationwide
Yesterday, all flights of Air Nigeria nationwide have been suspended from Operation by the National Association of Aircraft Pilots and Engineers, NAAPE for sacking its Head of Maintenance Department, Mr. James Erigba. President of NAAPE, Mr. Balami...
- Posted November 15, 2011
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Insufficient Medals as President Jonathan Decorates Nigerians at National Awards
Yesterday, at the country’s most prestigious honours awards in Abuja, There was a shortage of medals and certificates and as a result of the shortages; many of the honorees were unable to get their medals and certificates...
- Posted November 15, 2011
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Stock Market Watch: Minimal Appreciation As Investors Tread Cautiously
The Stock Market inched up marginally in trading today, gaining 5 basis points and placing the All Share Index at 20,426.19. Bearish and bullish sentiment were evenly matched in the banking sector as seven tickers saw a...
- Posted November 14, 2011
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Savannah bank, Societe Generale Bank to start operations by 2012 – NDIC
The Managing Director, Nigeria Deposit Insurance NDIC Alhaji Umaru Ibrahim has disclosed that efforts are being put in place to ensure that Savannah Bank Nigeria (SBN)Plc and Societe Generale Bank of Nigeria (SGBN) Limited are to start...
- Posted November 14, 2011