All posts tagged "featured"

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  China’s Sinopec Acquires 20% of Total Nigeria Oil

    After much rumours, feelers and speculations it has now   been confirmed that Chinese Oil firm Sinopec has acquired 20% share and stock of the French giant Oil firm Total Nigeria for $2.5 billion(2.0 billion euros). The deal...

  • Posted November 20, 2012
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  Lagos Ibadan Expressway: FG Terminates Contract with Bi-Courtney, Hires Julius Berger, RCC

  The contract for the construction of the 125-kilometre Lagos – Ibadan Expressway has been terminated and a new contractor hired. The Federal Government on Monday terminated its agreement with Bi-Courtney Consortium for the reconstruction of the road....

  • Posted November 20, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.51%) Dips as Niger Brew (-3.32%), Others Face Selling Pressure

  The Nigerian Stock Exchange began the week in the red as the All Share Index shed 0.51% to close at 26,267.57. Selling pressure persisted among some blue chip companies including Nigerian Breweries (-3.32%) and some top-tier banks. UBA...

  • Posted November 19, 2012
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  Prime Hangout unveils new platform for job seekers

  The rate of youth unemployment in the country is alarming particularly in the face of the current global economic crisis. The implications of unemployment in Nigeria are both social, economic and political. It shows that youth unemployment...

  • Posted November 19, 2012
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  Diamond Bank appoints HSBC, Stanchart for $300 mln Eurobond

  Diamond Bank has appointed HSBC, Standard Chartered Bank and Renaissance Capital for its debut $300 million Eurobond issue planned for the second quarter of next year, a bank executive told Reuters on Friday. Abdulrahman Yinusa, chief finance officer, said...

  • Posted November 19, 2012
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  CBN Commences Implementation of ‘guide to bank charges’

    The Central Bank of Nigerian (CBN) has started a phased execution of ‘Guide to Bank Charges’. Generally, the guideline is meant to protect bank customers’ interest in their dealing with lenders. CBN’s move through the Bankers’...

  • Posted November 19, 2012
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  ANAN urges FG to handle subsidy removal with caution

    The Federal Government has been advised by the Association of National Accountants of Nigeria (ANAN) to handle the removal of oil subsidy with serious caution and restraint. The advice was issued by the ANAN President, Hajia...

  • Posted November 19, 2012
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  BFIG on Course to Take Over ALSCON as RUSAL Edged Out

    Ever since the Inauguration of the Aluminium Smelter Company of Nigeria in Ikot Abasi, Akwa Ibom State Nigeria by the General Ibrahim Babangida Administration in 1991, to become another driver of the economy, the dream and...

  • Posted November 19, 2012
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  Monetary Policy worries Industrialists

    Mr Goodie Ibru the President of the Lagos Chamber of Commerce and Industry on Sunday  has stated that despite the positive economic  outlook of Nigeria, the financial and monetary policy from the Central Bank of Nigeria(CBN) to ensure...

  • Posted November 19, 2012
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  Cable fumes at Tax avoidance of Corporations

    The quest and conscious effort of Government in raising revenues to meet their budgetary goals and plans, cannot be over emphasized and an attempt to circumvent that can be viewed as diversionary. This seems to be...

  • Posted November 19, 2012
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