As the Nigerian Stock Exchange proposes a new set of listing requirements, Chris Ugwu in this write-up examines its need in the nation’s fledging capital market. Unlike some of the markets in other climes, since the beginning of the econom...
Stanbic IBTC Bank, a member of the Standard Bank Group, has opened a new branch at the ultra-modern Ikeja City Mall for which Stanbic IBTC and Standard Bank were sole financiers. The sprawling 28,500m2 retail center in the Lagos State capital was opene...
The removal of fuel subsidy is the moment at the front burner in national discourse, with many berating the government for contemplating such an idea. But could it possibly be a means to an end? JULIET ALOHAN writes. Despite criticisms against t...
The Yuletide is here again and the mobile networks are about to witness unprecedented traffic which may cause massive congestions. CHIMA AKWAJA looks at the reasons telecom operators under-perform, the challenges they face to deliver quality telecom se...
The climate conference that just ended in Durban, South Africa once again demonstrated the collective resolve of nations to tackle issues of climate change. Climate change negotiators confounded sceptics as a new global alliance was formed. The ‘...
Ecobank Nigeria Plc and Oceanic Bank International Limited have received the approval of their respective shareholders for their proposed merger. A statement by the bank said that subject to the necessary regulatory and legal approvals, the merge...
The Senate yesterday said it never at any time barred President Goodluck Jonathan from drawing from the 2011 Budget beyond December 31. It Instead said it had rather empowered the President to extend the spending to March 31, 2012. Ch...
The Federal Government has assured Nigerians that in less than 24 months, the current refineries in the country would become 90 per cent operational, and that the application of the money saved from the petroleum subsidy would generate over one million...
The Senate Committee on Environment and Ecology yesterday summoned the management of Shell Petroleum Development Company (SPDC) and officials of the ministry of environment over the oil spill in Bonga deep water facility off the coast of Nigeria. ...
A sub-committee of the Presidential Ports Reforms Monitoring Committee has ordered the Nigeria Ports Authority (NPA) to remove all abandoned containers at the Ikorodu Lighter Terminal (IKLT) with immediate effect to create room for the transfer of over...
The year 2011 is gradually coming to an end and the energy sector is still entangled in one controversy or the other. Despite its ambitious economic development programmes aimed at placing the country in the league of twenty most developed economies in...
The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that importation of major food like rice, wheat and sugar was an embarrassment to the nation. Adesina who spoke yesterday at a retreat in Minna, Niger state, stated that ...
Like human needs which are insatiable, the needs of end-users of foreign exchange have increasingly become insatiable. Matters are made worse with the Central Bank of Nigeria (CBN) constrained by the absence of a deep wallet. The result is that the cen...
Said to be modelled after Schipol International Airport in Amsterdam, JUWE OLUWAFEMI discovers that unlike Schipol which has been redesigned several times and frequently maintained, Murtala Muhammed Internal Airport in Lagos has largely remained a shad...
Inflow of foreign exchange from crude oil marketers and the intervention of the Central Bank of Nigeria (CBN) on the sideline were able to stabilise the naira at the Wholesale Dutch Auction System (WDAS), otherwise known as the official market. Three e...