Banks unsettled by jostle for market maker position
Unhealthy competition reminiscent of the early nineties distress era may be brewing in the banking industry following confirmation last week of three firms as Market Makers by the Securities and Exchange Commission (SEC). Already some banks have c
2009 Budget: N193bn for domestic gas production
Insights into the yet to be announced 2009 budget are trickling in with the disclosure tha
Ikeja computer village shut
The Lagos State Government yesterday sealed off Africa’s biggest computer market, Ikeja
Constitutional review: We have no hidden agenda - Ekweremadu
Ike Ekweremadu, deputy Senate president, yesterday said that the National Assembly has noOyo budgets N120bn for 2009
Oyo State governor, Adebayo Alao-Akala, yesterday presented a budget of N120 billion to the state House of Assembly for consideration.
Presenting the budget he christened
Bead-making: Wealth creation business for all time
In the last few years, Nigerian fashion trends has zeroed in on bead-making. Unlike other fads and fashions that fizzle away after a couple of years, beaded fashion is ta
NITEL restores SAT-3
Nigerian Telecommunications Limited said it has fixed the damaged South Atlantic Terminal 111 (SAT-3) cable and fully restored SAT-3 services.
Before now, NITEL was Nigeri
NDIC provides N20m support for RSUST
Nigeria Deposit Insurance Corporation (NDIC) has funded the establishment of an Information and Communication Technology (ICT) centre at the Rivers State University of Sc
Nigeria and Lebanon marching together to greater heights
This weekend, Lebanese all over the world will be marking their national day. It is also a moment of reflection on relations between Nigeria and Lebanon over the years. A
Customs intercepts 27 containers over wrong declaration
Nigeria Customs Service Tin Can Island Command has intercepted 27 containers, carrying 54 vehicles wrongly declared for the purpose of evading duty payment.
The 40-foote
GDP growth, minus the textile industry
Manufacturers Association of Nigeria (MAN) has urged the Senate to declare a state of emergency in the textile industry to avoid its total collapse. Vice President of MAN
Issuing houses bear brunt of failed public offers
Business activities in the primary market segment of the Nigerian capital market which were virtually paralysed during the recent market meltdown have forced issuing hous
Cornerstone Insurance records N3bn income in Q3
The board of Cornerstone Insurance plc has said that the company continued to benefit from a comprehensive transformation business plan which resulted in expanded marke
Arco wins $41m Total E & P contract
The drive for increased local content input in the oil and gas sector was recently given a boost with the award of a $41 million contract to Arco Marine and Oil Services
Firm to build 11,000 houses in Kano, Sokoto, Borno, 8 others
A private firm, FramanAgridev, is investing N300 billion for the building of 11,000 houses in 11 northern states. The states are Sokoto, Zamfara, Kano, Jigawa, Bauchi and
Oceanic Bank dangles education finance product
As part of efforts to encourage individuals to tap into the huge opportunities abound in its many products, Oceanic Bank International plc has come out with another that
FAAN commences development of airports
Federal Airports Authority of Nigeria (FAAN), has said in Abuja that efforts to improve infrastructure at the airports across the country had commenced.
Chris Bature, t
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