Banks, stock brokers bemoan loss to margin accounts
Banks and stock broking firms are now in a fix over margin accounts opened for some customers at the peak of share price boom at the nation’s capital market early this year. The Central Bank of Nigeria had put the loss at a conservative figure of a
35,889 tons of fish arrive ports ahead of festivities
As the upsurge in importation of consumer goods associated with end-of-year Christian and
‘Elements from Niger, Chad spearheaded Jos violence’
As calm returns to strife-wracked Jos, capital of Plateau State, the state government has
N/Delta crisis increases workforce deaths at Shell
Royal Dutch Shell last year suffered more workforce deaths than any other large western oiJudicial workers shut courts
Courts nationwide were under lock and key as judicial workers started an indefinite strike yesterday.
The Judicial Staff of Nigeria (JUSUN) embarked on the strike to press
Coconut water, an investor’s delight
A palm tree family product that can compete in the world’s US$10 billion market. Last week, we brought you the coconut-oil story, a palm tree family product that is a m
NIGCOMSAT - insurers to pay N17 billion claims
Insurers providing cover for NigComSat-1 now grounded in space may pay as much as N17 billion in claims.
The satellite, built by the China Great Wall Industry Corpor
Staco names board for Sierra-Leone’s subsidiary
Staco Insurance plc has inaugurated the Board of Directors for its subsidiary company, Staco Insurance Sierra-Leone Limited.
The Staco Sierra-Leone board is comprised of
NACCIMA warns against tax increase, says it may cripple manufacturing
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government not to attempt any increase in the taxes as i
Shipping companies’ carpeted over delays in container deposit refund
Nonchalant attitude of shipping companies’ staff and their demand for gratification before carrying out their duties have been identified as some of the causes of delay
Way out of the cement crisis (2)
Conflicts, conflicts, conflicts all the way. It is evident everyone is out to protect their own interests. At play here are the issues of free market, free trade and free
Union Bank allays fears over foreign placement of shares
Union Bank of Nigeria plc, yesterday, assured shareholders that there will be no hostile takeover by foreign investors through its proposal to raise additional capital by
Indicators declines further as stocks tumble
Trading activity on the stock market last week continued on a bearish trend as a turnover of 1.8 billion in 44,762 deals was recorded, in contrast to a total of 2.41
Budget delay, a matter of blessing or financial indiscipline?
Many of those who dared to speak out on the delay in the presentation of next year’s budget may have tacitly endorsed the delay as being after all necessary, wh
Mobil’s $3.5bn gas project - benefits and challenges
Following the recent official commissioning of the $3.5 billion (about N405.9 billion) East Area Projects operated by Mobil Producing Nigeria, an ExxonMobil affiliate,
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
Female students sweep undergraduate essay award
This year’s Undergraduate Essay Competition may have come and gone but the furore that greeted the colourful occasion will continue to linger as the event could best be
FG reads riot act to aviation chiefs
Worried by the continuous decay of infrastructure in the aviation industry, the Federal Government has gone tough on aviation parastatal chiefs as they were mandated to f
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