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Businessday Nigeria Archive for February 2010

Saturday, February 27, 2010

Lars Lagerback picked as World Cup coach

US joins Britain to back Jonathan amid fear

Friday, February 26, 2010

Saudi dilemma forced Yar”Adua’s hurried home coming

Britain backs Jonathan as acting leader amid fears

Finally, Yar’Adua bows to pressure, hands over power to Jonathan

Thursday, February 25, 2010

Terrorism: NCAA tasks foreign airlines’ agents on security formalities

Yar’Adua missing in Nigeria

Africa’s potential makes Zain deal value fair – Bharti Airtel

Kaduna, Warri refineries commence production of petrol

FG targets 700 vessels yearly under new ship register

NITEL sale controversy: NCP clears New Generations Telecom

Nigerians ask who’s in charge, fear power struggle

Troop deployment for a president’s welcome

Turai: Nigeria’s self-appointed president

Jonathan remains Acting President -Akunyili

Wednesday, February 24, 2010

Unusual military deployment raises poser in Aso Rock power play

Power struggle over presidency to be resolved within 48 hours - Eurasia report

How Turai, aides humiliated Jonathan

Mystery of Yar’Adua’s return destabilising – Chris Anyanwu

‘Jonathan remains acting president’

Yar’Adua: Militants worried over deployment of troops

Medical experts say individual with pericarditis can’t work

Council fails to meet as balance of power comes into question

Senate amends Sections 145, 190

Division in BPE as controversy dogs Nitel sale

Jonathan remains in charge

Acting President summons ministers for special meeting

US fears Yar'Adua's return may fuel uncertainty

President Umaru Yar'Adua 'returns home'

Tuesday, February 23, 2010

Banks jostle for Q4 good outing as investors’ expectations rise

Shell raises alarm over Nigeria’s dwindling oil production

FG approves N19bn for land reclamation in N/Delta region

French traffic controllers’ strike won’t affect flights from Nigeria, says Air France

Power generation from gas fired plants to rise to 70% by year end, says Ajumogobia

Reps ask finance ministry to sack Udoma as SEC chairman

Omen, NITEL reserved bidder writes Goodluck, BPE

Senate orders arrest of Magnus Kpakol

Security: Lagos delivers ten more APCs to police

Sanusi links capital market crash to financial illiteracy

Monday, February 22, 2010

NNPC, Oando, AP, Mittal plan three new refineries

Lufthansa passengers protest at Lagos airport

Oil price breaches $80 on Total strike

Edo lawmakers impeach speaker

PDP disowns splinter group, pledges support for Jonathan

Abebe clarifies case with Statoil

China Unicom arm backs NITEL move

Why FEC delegates’ visit to Saudi Arabia was delayed, by Maduekwe

Continuing gas shortage unacceptable, says Jonathan

FG to tackle reform, unrest at oil conference

Sunday, February 21, 2010

6000mw: NNPC, Shell, Chevron get gas supply target

Nigeria’s sovereignty threatened as Yar’Adua is feared ‘kidnapped’

Vandalised facilities may scuttle NITEL’s revival

Lufthansa cancels Lagos-Frankfurt flights over pilots’ strike

Civil rights leader, Sani detained

Udoma battles to retain SEC seat

Presidency links former South-South governor with anti-Jonathan campaign

Early election could intensify Nigeria power struggle

US to aid independent power producers

Deregulation: Jonathan meets labour leaders today

Saturday, February 20, 2010

Non-Executive Directors of Troubled banks not fit to stay says Fitch

Fuel: NNPC says it exceeds national daily consumption level

Inadequate budgetary allocation stunts mines and steel sector development

ADB grant N2.2bn for science and tehcnology

Akunyili willing to drop charges against Aonadoakaa

Friday, February 19, 2010

ANALYSIS-Early election could intensify Nigeria power struggle

BPE stands by $2.5 bln telecoms offer

Thursday, February 18, 2010

Fashola wants accruing pension funds invested in housing scheme

N5.2bn contract scam: Court remands Ugbane, 9 others

AC asks Jonathan to identify those campaigning against him

Domestic airline operators’ disagreement stalls government’s bailout plans

Nitel sale set to hit the rocks again

How New Generation Consortium evolved

Costs of petrol price regulation escalates

FG condemns insurrection in Niger

CBN approves new organisational structures

Rice merchants raise alarm over illegal imports

ChinaUnicom, Telecom N.Z., Deny Involvement in Nitel Bids

Wednesday, February 17, 2010

More firms close shop as policy, infrastructure problems persist

FEC constitutes six-man team to visit Yar’Adua in S/Arabia

Unresolved dispute on gas price may elicit more factory closures

FG reassures investors in oil, gas industry

Anambra poll: PDP reconciliation move fails

Ogbulafor, others’ Saudi visit outcome weakens Yar’Adua’s camp

Governors, eminent leaders, others shun public hearing on Sections 145, 191 amendment

Senate passes bill to make INEC independent for second reading

Jonathan: Niger Delta group calls militants to order

With good performance, Jonathan could return in 2011, says El-Rufai

Jonathan could win backing as candidate in 2011 -El-Rufai

Back from the brink?

Tuesday, February 16, 2010

Jonathan warns West African states against undemocratic acts

NDIC seeks full payment of insured amount to depositors

Experts foresee brighter prospect in oil output for 2010

Nigeria’s domestic debt hits N3.228trn, foreign debt $3.95bn

End coming soon for fuel subsidy as Jonathan weighs options

New Generation Telecom shocks rivals with $2.5bn offer for Nitel/Mtel

N600bn and still no petrol: Why the subsidy figures never add up

S-South Economic Summit urges FG to concession gas distribution plants to investors

Aliero, Gummi, Waziri call for seamless disposal of criminal cases

Constitution review: Senate committee says no decision yet

New Generations Telecommunications wins Nitel bid

Why PDP leadership opposed transfer of power to Jonathan

Monday, February 15, 2010

Why budgets are under-performing, by finance ministry panel

Jonathan meets with economic team, others on deregulation

EU welcomes Jonathan’s commitment to good governance, electoral reform

N250bn first quarter capital vote released

Jonathan’s government not illegal – Bankole

Senate proposes life jail for corrupt public officers

Mark urges Nigerians to do away with federal character

Arewa asks Jonathan to give precedence to Niger Delta issues

10% further drop in high end property prices projected for 2010

Capital budget implementation at 54% in 2009

Sunday, February 14, 2010

Custodian announces Nigeria’s first share buy-back

Survivors of Port Harcourt high tension electrocution recount ordeal

Congestion looms at ports as banks renege on credit facilities

FG moves to improve power supply, orders PHCN to sign gas pact with NNPC

Udo Udoma justifies dual roles as UACN, SEC chairman

Yar’Adua: AC slams ministers for failing Nigerians

How Aondoakaa plotted Akunyili’s sack

Global oil exploration risks and costs escalate

Indians to replace Kuwaitis as Bharti Airtel takes over Zain Africa

The new power game: the losers and the gainers

20 killed in Port Harcourt bus electrocution

Saturday, February 13, 2010

Court declares Kenny Martins, 2 others wanted

National Assembly sued for making Jonathan Acting President

Jonathan pledges FG's resolve to address power sector

FAAC distributes $2 billion among FG, States, LGs

Friday, February 12, 2010

Interbank rates flat for third week

Custodian announces Nigeria's first share buy-back

India IOC buys more Nigerian crude oil for April

US praises Nigeria on 'democratic handover'

Thursday, February 11, 2010

Oil reform bill to move forward as leadership crisis eases

Terrorism: US lists conditions for delisting Nigeria

Senate rejects report on Escravos gas to liquid project probe

Lagos Assembly accepts court’s order on Fashola’s probe

Daunting challenges ahead, says acting president

Jonathan summons economic team

UK announces tougher rules for foreign students

Terror list: Senate to send Jubril to US

African Capital Alliance, European Investment Bank chart new investment course for economic growth

CBN’s second phase reform to focus on bank categorisation

Wednesday, February 10, 2010

Navy arrests 17 persons, seizes fuel-laden vessel

Obi collects certificate of return from INEC

NCC says more telcos are distressed

‘European Investment Bank not eyeing troubled banks’

Differential petrol pricing confirms deregulation is on

Nigerian shareholder sues Zain

Court restrains Lagos Assembly from probing Fashola

Removal of Aondoakaa, well deserved, say NBA, Agbakoba, Ozekhome

Why Aondoakaa was removed as justice minister

BusinessDay’s conference tackles Nigeria’s banking reform

Jonathan replaces Aondoakaa as justice minister

Tuesday, February 09, 2010

Jonathan accepts new role, to tackle corruption more robustly

Jonathan: Kudos, knocks for National Assembly

Jonathan starts acting immediately—Bankole

Transport ministry endorses NIMASA’s caution in cabotage loan disbursement

Boni Haruna: Court remands aide, as EFCC slams 28 fresh charges

European Investment Bank lauds CBN’s banking reforms

SGF backs Jonathan as acting president

Loss of 20,000 jobs leaves banks short of skilled manpower

Akunyili gives Aondoakaa 7-day ultimatum to refute statement or face legal battle

Lucky Jonathan becomes acting president

Yar’Adua has not been removed as president---Mark tells governors

Senate says Jonathan should be acting president

Senators debate power transfer to Jonathan

Monday, February 08, 2010

Yar’Adua: Governors to meet National Assembly over Jonathan

Falling oil rig deployment threatens new fields development

Anxiety mounts in Katsina as Yar’Adua’s mother, others move to S/Arabia

LCCI urges FG to curb influx of prohibited items

Obi’s victory seals Ojukwu, Ekwueme supremacy tussle

All set for BusinessDay’s banking conference on Thursday

FG urges religious leaders to educate members on climate change

Anambra election: NLC passes vote of no confidence on INEC

‘US envoy’s visit to Nigeria a unique access to Obama’s ears’

Vandals compound fuel crisis, break NNPC pipeline

Sunday, February 07, 2010

Anambra: Obi wins as Soludo, Uba lose in their constituencies

Future of the nation staked on gamble by Yar’Adua camp

North’s elite tussles for power

Concessionaire remits N10.3bn to FAAN for 2009

Uncertainty haunts economy over prolonged Yar’Adua’s absence

FG moves to reactivate rail transport, unveils five new locomotives

FG admits failure to keep petrol price at N65 per litre

How northern governors were persuaded to change their decision on Yar’Adua

Oando gives shareholders opportunity to trade rights issue

Housing faces fresh challenges over rising vacancy, new supplies

Saturday, February 06, 2010

Anambra election largely peaceful, but with pockets of violence

Anambra governorship polls peaceful

Late voting: Bane of Anambra election

Anambra election: Police arrest 100 over election malpractice

Anambra polls must not fail - Akunyili

Anambra polls: REC extends voting hours

Large voter turnout in Anambra

Slow start to polling in Anambra

Amodu sacked, search for replacement begins

Friday, February 05, 2010

Anambra poll tests depth of Nigerian electoral reform

Gunmen kidnap 8-month old child in Nigerian oil hub

Oteh vows tough line on transparency

Interbank rates flat on limited outflow

Governors back Jonathan as acting president

Thursday, February 04, 2010

Lagos Assembly panel to probe Fashola

US: Atiku Abubakar in $40m money-laundering accusation

U.S. defends interrogation of Abdulmutallab

Yar’Adua: Abba-Aji denies possession of letter to National Assembly

NPAN restates call on Yar’Adua handing over to Jonathan

Lukman threatens to sack NNPC management over fuel scarcity

Court declares INEC unfit to conduct elections

Shell mulls selling more Nigerian assets

Oil industry budgets $10.726bn for 2010

Why Yar’Adua should hand over power, by Akunyili

Shell open to Nigeria asset sales, output hit

Naira stable vs dollar on interbank mkt

Dora Nkem Akunyili: An amazon with a cause

Wednesday, February 03, 2010

FG cuts FCT land rates

Lagos Assembly inaugurates committee to probe Fashola

US pledges early review of air security ‘blacklist’

Banks’ succession plan, prospects of dividend raise hope in capital market

Lagos says it has approval to work on Lagos-Badagry road

Akunyili’s memo was long in coming, say Nigerians

Dora Nkem Akinyili: An amazon with a cause

Motorola wins Zain Nigeria network expansion deal

Yar’Adua: Abba-Aji appears before Senate today

Akunyili breaks ranks, submits 'Yar'Adua step down' memo to FEC

Christmas plane bomb suspect 'co-operating' with US

Intelligence chiefs say another terror attempt in U.S. is 'certain'

Tuesday, February 02, 2010

Lagos 2011: Banire may replace Fashola

Tinubu denies rift between Fashola, self

400 ex-militants protest over non-documentation of members

Explosion rocks NTA Yenagoa

PDP under pressure to summon NEC meeting over Yar’Adua

Senate forecloses further discussion on Yar’Adua’s health

Reps accuse executive of usurping functions

Nigeria to sell 2 billion barrel oil reserves

Hand over to Jonathan in 7 days, media stakeholders tell Yar’Adua

Fuel scarcity: Banks spend N238m daily on generators

Monday, February 01, 2010

Yar’Adua’s continued absence intensifies squeeze on economy

Principal members of Lagos Assembly who may decide Fashola’s fate

Jonathan warns Plateau leaders over crisis

Pro-Fashola group protests in Lagos

World Bank dissatisfied with non-inclusion of import tariffs in 2010 budget

Ozekhome, Pinheiro, 17 others now SANs

Nigerians condemn al Qaeda offer of weapons, training to destabilise country

Power outage deepens as generation relapses to 3,000 megawatts

Anambra: INEC to announce results at polling centres

Fuel scarcity worsens Nigeria’s unemployment rate

Sunday, January 31, 2010

Why military may not intervene in Nigeria political crisis

Gwandu, Nahuche, Ajayi, others in frame for NCC top job

Nigeria unaffected by recall of Toyota cars – Franchisee

23,230 policemen mobilised for Anambra governorship poll

5-day Davos forum ends on note of humility

NAICOM mulls stricter regulation for insurance industry

NSE may seek state governments’ support in funding branch operations

Senate not contemplating impeachment of Yar’Adua

JTF mulling MEND’s suspension of ceasefire

Fashola, Tinubu spend four hours at Akiolu’s palace over rift