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All posts tagged "featured"

  • 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 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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  • 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
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  • Creative Accounting: How Fund Managers Squandered $ 1.2 billion in Commodity Investments

    The Silver Rush at MF Global December 17, 2011 It’s one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global.It’s something else for a...

    • Posted July 3, 2012
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  • Nigerian Stock Exchange Watch: ASI (+0.55%) Returns to Positive Territory(

    The All Share Index closed up 0.55% as bullish sentiments prevailed in today’s session. Leading the bulls was the banking sub-sector as the sub-index advanced by 1.47% on the back of a strong performance by stocks like...

    • Posted July 3, 2012
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  • FYE 2011 Earnings: Union Bank Records N 95 billion loss

    Union bank reported its audited financial year end 2011 results to the Nigerian Stock Exchange today, declaring a whopping  loss of N 94.9 billion ($593 million). Gross Earnings took a huge hit as they fell 38% to...

    • Posted July 3, 2012
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  • Draft of the Petroleum Industry Bill (2012)

    The Presidency received the draft version of the latest Petroleum Industry bill (PIB) last weekend. It has forwarded the bill to its Cabinet for consideration before it will transmit it to the House of Assembly. Foreign experts...

    • Posted July 3, 2012
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  • Oando refutes allegations of Aig Imokhuede led Technical Committee on Subsidy

    Oando, Nigeria’s leading indigenous Oil and Gas company has refuted the allegations of infractions levelled against it by the Federal government constituted technical committee on payment of fuel subsidies. The firm has denied the allegations of subsidies...

    • Posted July 3, 2012
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  • Vulcan Energy to build Six Refineries in Nigeria for $ 4.5 billion

    American firms, Vulcan energy and its Nigerian joint-venture partner, Petroleum Refining and Strategic Reserve (PRSR) have signed a $ 4.5 billion with the government to build six refineries. The refineries will have a capacity of 30,000 barrels/day...

    • Posted July 3, 2012
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  • Jonathan’s Reform Plan For Nigeria Mired In Scandals

    Farouk Lawan led a Nigerian parliamentary committee that grilled fuel importers in January over accusations they received 1.1 trillion naira ($6.7 billion) in illegal payments. Now, Lawan is under the spotlight, facing police questioning over allegations, which...

    • Posted July 3, 2012
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