All posts tagged "featured"

• 
  Fuel scarcity, Long Queues, PMS Price Increase to Last until Next Year

  A report from the House of Representatives Committee on Petroleum Resources (Downstream) stated on Wednesday that the persistent fuel scarcity in the country is expected to last until next year.  The report confirmed that one of the...

  • Posted November 15, 2012
  • 0
• 
  Manitoba TCN Contract Cancellation: Presidency Denies Rift Between Jonathan and Sambo

  The management contract for the Transmission Company of Nigeria awarded to a Canadian firm, Manitoba Hydro International has been cancelled. The presidency disclosed this on Wednesday saying, the contract was cancelled because of a series of infractions...

  • Posted November 15, 2012
  • 0
• 
  Nigeria Stock Exchange Watch: ASI (+0.21%) Recovers as Activity Accelerates in Insurance sub-Sector

    The major news in the market today was not the fact that the market bucked its losing streak by the ASI gaining 0.21%, or that Nestle released pretty impressive Q3, 2012 results. Analysts are wondering who...

  • Posted November 14, 2012
  • 0
• 
  Austerity Strikes ravage Europe

  While the European Leaders of Spain and Portugal Mr Marian Rajoy and Mr Pedro Coelho respectively decide to push more Austerity plans for their countries, the Citizens have resisted the move by embarking on a new round...

  • Posted November 14, 2012
  • 0
• 
  Mobile Phone Users in Sub-Saharan Africa Rise 44%

  From the launch of the GSM mobile service in Nigeria in 2001 and subsequent spread of the service to other parts of Sub-Saharan Africa, skeptics have held the view that the service and the use of mobile...

  • Posted November 14, 2012
  • 0
• 
  Apple reportedly manufacturing iPhone 5s already

  It may have only been on sale for weeks, but online rumours claim Apple is about to begin making the successor to the iPhone 5, believed to be called the iPhone 5S. A Chinese site claims the...

  • Posted November 14, 2012
  • 1
• 
  Lagos State Commences Price Discovery on Proposed Seven-Year $507 Million Bond Sale

  Lagos State, Nigeria’s biggest commercial city also regarded as sub-Saharan Africa’s biggest city, concerning its proposed seven-year 80 billion-naira ($507 million) bond sale has started a process to gauge investor interest. The chief executive officer of Lagos-based...

  • Posted November 14, 2012
  • 0
• 
  Jonathan Seeks Legislative Approval for $1.1 billion Bond Sale

  In a bid to continue a programme initiated under the administration of President Umar Musa Yar’Adua,” President Goodluck Jonathan has requested permission from the house to issue bonds worth $1.1 billion. Earlier the president wrote three letters...

  • Posted November 14, 2012
  • 0
• 
  Oil Bunkering, Theft, Costs Government an Estimated $7 billion Yearly – IEA

  The International Energy Agency, yesterday disclosed that Nigeria loses about $7 billion to oil theft every year. This information was contained in the agency’s monthly report released on Tuesday, it said, “Oil bunkering, or theft, costs the...

  • Posted November 14, 2012
  • 1
• 
  Oil Marketer Arraigned for N272.5m fraud, Remanded in Prison Custody

    An Oil marketer, Mr. Adejugbe Anthony and his company, Tonique Oil Services Limited were yesterday arraigned before  Justice Lateefa Okunnu of the Lagos High Court, Ikeja by the Economic and Financial Crimes Commission (EFCC) on a...

  • Posted November 14, 2012
  • 0