Dana crash: 100 ground victims demand compensation
Aside the 153 people that died in a Dana plane crash at Iju Ishaga area of Lagos State in June last year, about 100 other ground victims are currently demanding compensation for the damage to their...
View Article2012FY results and corporate actions: How attractive? …Equities Index Gains...
As earlier envisaged, more 2012FY results and corporate actions, especially some of the banking stocks hit the market during the week. Although most of these results were largely in line with...
View ArticleRMAFC dissatisfied with MDAs revenue remittance
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Mr. Elias Mbam, has frowned at the non-remittance of revenue accruable into the Federation Account by revenue generating agencies of...
View ArticleCyber crime and the future of the Internet (1)
Experience has shown that advance fee fraud, which is also known as ‘419’ is a child’s play when compared with the cyber crime of today and the future. It is a reality we must all face and live with....
View ArticleEarnings season provides short-lived rally
What shaped the past week Global Markets: Global markets were generally upbeat this week riding on further stimulus by the Bank of Japan (BOJ), and assurances by the European Central Bank (ECB) that...
View ArticleUS economy adds just 88,000 jobs in March
The United States economy added just 88,000 jobs in March, the lowest increase for nine months, official data has shown. According to a BBC report, the number was much weaker than the rise of...
View ArticleJapan’s Nikkei tops 13,000 for first time since 2008
Japan’s stock market has hit its highest level in almost five years, after a central bank stimulus plan raised hope of economic revival. According to a BBC report, the main Nikkei 225 stock index...
View ArticleStrike, flood, insecurity slowed Nigeria’s economy –ADB
The strike called by workers and civil society groups to protest the January 2012 increase in the pump price of petrol slowed down the nation’s economy as the growth rate tumbled from 7.43 per cent to...
View ArticleFashola to inaugurate Ikeja housing estate
Governor Babatunde Fashola of Lagos State is scheduled to inaugurate the Ikeja Millennium Housing Estate tomorrow (Tuesday). Located in the high brow Dr. Muiz Banire Street, Government Reserved Area of...
View ArticleMutual Benefits plans expansion
The Group Managing Director, Mutual Benefits Assurance Plc, Mr. Akin Ogunbiyi, has said that the firm will be expanding its offices and agency system to bring insurance to the doorstep of every...
View ArticleStandard Alliance trains top management personnel
Standard Alliance Insurance Plc and its sister company, Standard Alliance Life Assurance Limited, have concluded plans to train their directors, audit committee members and key management staff on...
View ArticleALSCON loses 53% of asset value
Facts have emerged that the Aluminium Smelter Company of Nigeria, currently being managed by a Russian firm, RUSAL, may be facing a severe liquidity crisis owing to huge liabilities in its accounts....
View ArticleEgypt treasury bills hit six-month height
Egypt’s one-year treasury bill yields jumped to the highest level since September after the government indicated it will sell more of its shortest-term securities to repay about $1.6bn a week of...
View ArticleBudget: Stakeholders agonise as SEC, lawmakers’ crisis deepens
The refusal of the National Assembly to approve the budget of the Securities and Exchange Commission has generated heat in the last few months. UDEME EKWERE examines the impasse, which is affecting...
View ArticleRLG to train Nigerians on ICT applications
RLG Communications Nigeria Limited, a new entrant into the Nigerian mobile phone and computer market, has said it will provide training on applied ICT, aside making quality phones and computers for...
View ArticleInflation rate may drop to 8.7% —Analysts
Financial analysts predicted a decrease in February inflation rate, from 9.5 per cent to 8.7 per cent, representing a 0.8 per cent drop. A report by the Financial Derivative Company Limited on Friday,...
View ArticleMonetary onslaught won’t cause asset bubbles —Kuroda
Bank of Japan Governor Haruhiko Kuroda played down concerns his unprecedented burst of monetary stimulus would create asset-price bubbles even as it delivered an immediate pay-off in global markets,...
View ArticlePagatech’s transactions hit N18bn
Mobile payments service provider in Nigeria, Pagatech, recorded a transaction value of N18bn from over 1.6 million transactions at the end of March this year. The firm, which now has over 500,000...
View ArticleFrance wants banks to be core Euronext investors
The French government has approached the country’s banks and insurers about forming a consortium to buy at least 34 per cent of the Euronext stock exchange, due to be spun off in a public offering,...
View ArticleBoJ policy welcome for world growth
The Head of the International Monetary Fund hailed Japan’s unprecedented monetary policy boost this week as a welcome support for a world economy that she said has improved from a year ago. Reuters...
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