Don't Miss


All posts tagged "featured"

  • merger
    Starcomms, Multilinks and MTS in N32 billion Merger

    Three CDMA operators in the country, Starcomms, Multilinks and MTS are undergoing a business combination valued at $200 million or N32 billion. The new network is to be called CAPCOM, according to a report from the Guardian....

    • Posted August 14, 2012
    • 0
  • Oil Prices
    Oil Snaps Two Days Of Losses Amid Speculation on U.S. Supply

    Oil climbed, snapping two days of losses in New York on speculation that inventories declined for a third week in the U.S., the world’s biggest crude consumer. Futures rose as much as 0.5 percent before a government report tomorrow...

    • Posted August 14, 2012
    • 0
  • Mainstreet Bank
    MainStreet Bank Back to Profitability, Records N3 billion before H1, 2012

    Mainstreet Bank is on the lookout for new suitors as AMCON seeks to dispose off the asset to foreign or a consortium of local investors. The Bank disclosed in a statement that it made N3 billion group...

    • Posted August 14, 2012
    • 1
  • CBN HQ, FCT
    CBN Clamps Down on Money Laundering Conduits: Hotels, Casinos, Forex Operators, Others Affected

    The Central Bank of Nigeria has instructed banks and other financial institutions that fall under its regulatory oversight to ensure their Designated Non-financial Institutions (DNFIs) clients are well registered with the Economic and Financial Crimes Commission. The DNFIs...

    • Posted August 14, 2012
    • 1
  • nigerian-stock-exchange
    Nigeria Stock Exchange Watch: ASI (+0.15%) Starts Week Off on Positive Note

    The All Share Index climbed 0.15% today on the back of a general increase across the major sectors. All the NSE sub-indices closed upwards with the exception of the Oil and Gas sub-index which closed down by...

    • Posted August 13, 2012
    • 0
  • insurance
    NICON Insurance introduces four new products

    NICON Insurance Limited under its management, led by the Managing Director/CEO, Mr. Emmanuel Akinmolu Jegede, has introduced four new insurance products into the insurance market. These products are Overseas Travel Insurance Policy (OTIP), Directors’ and Officers’ Liability...

    • Posted August 13, 2012
    • 0
  • Gov Tunde Fashola
    Lagos govt commences N29b redevelopment of Ketu-Ikorodu Road

    The Lagos State Government, Monday said it has commenced the redevelopment of the Ketu to Ikorodu Township road just as it announced that it will partner with Ogun State to redevelop three federal roads linking of their...

    • Posted August 13, 2012
    • 0
  • CBN Governor, Sanusi
    CBN revokes licences for 25 mortgage banks

    Central Bank of Nigeria (CBN) may have began a clampdown on Primary Mortgage Banks (PMBs) that ceased to carry mortgage business for which they were licensed. The development is on the heels of new regulatory guidelines for...

    • Posted August 13, 2012
    • 0
  • Nigerian Army 3
    How the Nigerian Army is Losing the Battle Against Boko Haram?

    It must have become apparent that the Nigerian government is slowly losing more ground in the battle against Boko Haram. Chief among the culprits in this steady loss are Nigeria’s own security forces led by the high-handed...

    • Posted August 13, 2012
    • 1
  • UBA
    UBA Appoints Okwechime, Duke Non-Executive Board Members

    The United Bank for Africa Plc has announced the appointment of Mrs. Rose Ada Okwechime and Mrs. Owanari Duke to the Group board. The appointments, made at a meeting of the Board of Directors held on July...

    • Posted August 13, 2012
    • 0