The downward trend in the Nigerian capital market reached an alarming height, last week, as investors lost N170.17 billion of their investments in quoted securities on the Nigerian Stock Exchange (NSE).
One of Liberia's leading GSM Companies, LoneStar Communications Company (LCC) has introduced US$150,000 raffle draw for Liberians who are up to 18 years old and above to help them get into business.
Catholic Archbishop of Lagos, Anthony Cardinal Okogie, has warned Catholic faithful to be careful in believing news received through the internet, saying that crooks have invaded the internet, using the name of Catholic authorities.
The staff of the Federal Ministry of Commerce and Industry may celebrate Christmas and New year without the season's bonus.
The Minister, Mines and Steel Development, Mrs Diezani Alison-Madueke, yesterday disclosed plans to partner with Chris Aire to create a jewellry line which would be made from local gemstones to make Nigeria a global market of gemstones.
The United Nations' Conference meeting in Copenhagen aiming to thrash out a global deal on climate change has been revealed to cost over trillions over the next 20years to implement, if the America President Obama and other world leaders hammer out a comprehensive climate deal.
The Federal government has assured that proceeds from the proposed deregulation of the down stream sector of the oil industry which would take into consideration the views of all the stakeholders including the Nigeria Labour Congress, would be used to create more jobs for Nigerians.
The Niger State House of Assembly (NGHA) is to investigate activities at the three hydro-electric power stations at Jebba, Kainji and Shiroro, following alleged neglect of their host communities.
The Sokoto State government has disclosed that the MTN foundation will soon established a humo-dialysis centre at the Specialist Hospital in Sokoto.
The Chairman of Labour Party, Chief Dan Nwaanyanwu, has said that former PDP chieftain, Andy Uba emerged as his party's gubernatorial candidate for the forthcoming Anambra 2010 elections because he was the only man who could deliver the state to the party
Some Nigerians who claimed to be victims of authorised ATM withdrawals and fraud have dragged the Central Bank of Nigeria (CBN), all the 24 banks in Nigeria, including Interswitch Nigeria Limited before a Federal High Court sitting in Lagos, claiming the sum of N50 million.
The Nigerian Council of Registered Insurance Brokers (NCRIB) has taken the quarterly Brokers' Evening to a new level as the body will henceforth ensign featured insurance companies in the quarterly event with celebrities just as Nollywood actor, Mr Justus Esiri will tomorrow grace the brokers evening with Staco Insurance.
There is uncertainty over the fate of Integrated Microfinance bank following its inability to reopen for business three months after it was forced to closed shop by irate depositors.
Debtors to the Nigeria Export-Import Bank (NEXIM) have taken flight to safety following indications that the management of the bank would engage the help of the Economic and Financial Crimes Commission (EFCC) to recover the over N 10 billion non-performing loans in its books. The bank has however said that it is undeterred by this development vowing to smoke the debtors out of wherever they might ...
Insurance brokers in the country are neck tight ready for insurance companies that challenge their existence in the market even as they indicate intention to categorise underwriters into three segments.
Pioneer Chairman of Independent Corrupt Practi-ces and other related Offences Commission (ICPC), Justice Mustapha Akanbi (Rtd), disclosed, weekend, in Abuja that Nigeria has lost about N400 billion to corrupt practices in the last few years.
The kidnapped 3 and half years old daughter of the Adamawa State Chapter of the Nigerian Labour Congress (NLC) leader, Aisha Buba Dauda has been set free after one week in captivity.
Nigeria has started to reap the fruits of the amnesty granted to militants in the form of improved revenue flow into the federation account for distribution to the three tiers of government.
The recent call by the Minister of Aviation, Mr. Babatunde Omotoba to close the Benin Airport, has been faulted by Chief Gabriel Osawaru Igbinedion.
Minister of Commerce and Industry, Chief Achike Udenwa has said the development of intellectual property rights would accelerate Nigeria's trade and commerce.
The Directorate of the Upper East Regional Road Safety Commission (RSC) has been able to achieve some of its mandate of ensuring that motor riders use crash helmets, insure their bikes and posses genuine license among others things before going on the road.
Government is to harness the economic potential of Information Technology Enabled Services (ITES) to create 45,000 jobs to reduce the unemployment situation in the country by 2011, Mr. Haruna Iddrisu, Minister of Communication said on Saturday.
Having apparently hit a brick wall in its quest to secure N30 billion from the bond market, Abia State Government has turned to the World Bank to secure a $200m loan facility, equivalent of the N30 billion it could not secure at the capital market.
Mr YU Wenzhe, Chinese Ambassador, on Friday said the two countries are exploring new opportunities for faster developments as the world undergoes unprecedented changes and adjustment.
Nana Adjei Ampofo, Board Chairman of the Lands Commission, on Thursday warned that officials and staff of the commission who would willfully cause financial loss by saddling the institution with huge debts would be sacked or sanctioned.
