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All posts tagged "featured"

  • nigerian-stock-exchange
    Nigeria Stock Exchange Watch: Market crosses 22,000 psychological mark

    The All Share Index gained 0.54% today as the banking sector continued to rally and recover lost ground from the price lull induced by the uncertainty in the sector. 10 out of 11 banking stocks climbed with...

    • Posted July 5, 2012
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  • Air-Nigeria
    Air Nigeria Moves to Sack workers as GE Repossesses its Planes

    The fortunes of Air Nigeria seem to have taken an even sharper turn for the worse as its lessor General Electric Commercial Aviation Services has moved to repossess four of the Boeing 737-300 it leased to the company....

    • Posted July 5, 2012
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  • Cement  Ready for Sales
    Dangote’s Suit Against Ibeto is anti-competitive – FG

    The Federal Government has described a lawsuit brought against Ibeto Cement Company by Dangote Cement as anti-competitive. In the suit, Dangote is seeking the withdrawal of an import waiver granted Chief Ibeto by the Federal government. The...

    • Posted July 5, 2012
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  • Daewoo E & C
    Daewoo Engineering to Partner FG on 10,000 Megawatts Electricity Projects

    South Korean company Daewoo Engineering and Construction Company has entered into a Memorandum of Understanding with the Federal government to partner on 10,000 MW electricity projects in the country. The multi-billion dollar agreement was consummated yesterday and...

    • Posted July 5, 2012
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  • Bullish Market
    Nigerian Stock Exchange Brief: ASI (+1.11%) Rallies Big, Market Cap Crosses N 7 trillion mark

    The All share index (ASI) rallied big gaining  111 basis points. The strong performance was buoyed by the banking sub-index whic was up a whopping 2.06%. Market Capitalization crossed the N 7 trillion mark for the first...

    • Posted July 4, 2012
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  • 1,000 Naira Notes
    Naira Gains For Second Day On Bank Supply, Dollar Sale Bets

    The naira strengthened for a second day, heading for the biggest gain in more than a week, as the central bank auctioned dollars and on speculation oil producers will sell the U.S. currency. The currency of Africa’s...

    • Posted July 4, 2012
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  • Innovation
    UN to Offer $150,000 Prize for Innovators in Africa

    ADDIS ABABA, Ethiopia, July 4, 2012/African Press Organization (APO)/ — The United Nations Economic Commission for Africa (ECA) and the African Innovation Foundation (AIF) announced the call for the 2013 Innovation Prize for Africa (IPA) today.  The prize aims to support Africans’...

    • Posted July 4, 2012
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  • Nigeria-Stock-Market
    Dunn Loren Merrifield emerges Best Debt House

    Investment bank Dunn Loren Merrifield (DLM) has emerged the Best Debt House 2011 at the ninth prestigious Nigerian Investment Banking League Awards in recognition of its contribution to domestic financial markets. DLM, which was nominated alongside other...

    • Posted July 4, 2012
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  • Femi-Otedola
    Femi Otedola Calls Lawmakers “Hungry”

    From all indications, it appears Femi Otedola has the House of Representatives by the balls as his conduct in the closed-door session revealed a confident party hell-bent on pursuing his mission to a logical conclusion. And the...

    • Posted July 4, 2012
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  • Arunma_Oteh_MD_SEC
    Presidency moves to reinstate Oteh back into SEC DG position

    The Presidency has made not so subtle moves in the push to reinstate Aruma Oteh back into the SEC Director General (DG) position. Aruma Oteh was allowed to attend the Economic Management Team (EMT) meeting in Abuja...

    • Posted July 4, 2012
    • 0