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Businessday Nigeria Archive for December 2011Rss

Friday, December 30, 2011

Lagos Assembly passes N491bn 2012 appropriation bill

Foreign Reserves hit 7-week low

Interbank rate eases on cash inflows

Nigeria sells N64.6bn in Treasury Bills

Nigeria gets an S&P rating as New Year’s present

Thursday, December 29, 2011

Battered Stocks recover to 8-week high

S&P revises Nigeria’s outlook to ‘positive’

Customers’ apprehension heralds mobile money launch

Nigeria stocks recover to 8-week high

Naira dips; fall offset by NNPC dollar sales

S&P revises Nigeria outlook to positive

Wednesday, December 28, 2011

FG plans slash on annual wheat importation bill

More banks push for mobile money licences

Banks to play robust role in 2012 economy

Tuesday, December 27, 2011

Merrill Lynch explains reasons for blacklisting Nigerian clients

Nigeria ranks 119 in EIU’s 2011 Democracy Index

2,000mw power prospect hit by gas funding crises

Monday, December 26, 2011

High airfares prevent Nigerians from travelling for Christmas

Brazil economy overtakes UK

Subscribers await number portability for improved service

Friday, December 23, 2011

Shell oil spill gets muted response

Interbank rates drop on budget cash inflows

Nigeria issues N130bn in T-bills, yields up

Thursday, December 22, 2011

Nigeria committed to Africa stability, says Jonathan

Nigeria coast braces for biggest oil spill in 13 years

Oshiomhole urges Labour to back down on subsidy withdrawal

FG defends fuel subsidy removal to unions, public

Wednesday, December 21, 2011

Posterity will judge us if we fail-Jonathan

Shell shuts 10% Nigerian oil exports

Aviation fuel scandal signposts danger to air safety

Shell shuts Nigerian oil platform after leak

Naira falls against dollar, CBN closes forex window

Tuesday, December 20, 2011

Nigeria to stop cement importation in 2012

RUSAL faces tough choices over ALSCON acquisition

IMF prescribes ways for hedging against external risks to Nigeria

Monday, December 19, 2011

FG revises draft oil bill, sees Q1 2012 passage

Deregulation kicks off with implementation of 2012 budget – GMD NNPC

Nigeria’s economy at risk over Euro crisis, IMF boss warns

Stocks at 3-week high, gold ETF listed

Naira falls, dollarr strong on forex demand

Lagarde praises Nigeria's economic efforts

Inflation unchanged at 10.5% in Nov

Sunday, December 18, 2011

Fraud in N13bn airport radar project portends safety danger

Removal of subsidy most important reform on wish-list of investors, Analysts

Access Bank leads other banks in financial transparency

Friday, December 16, 2011

NSE to list first gold-backed ETF

Interbank rate falls, liquidity increases

Interbank rate falls as liquidity increases

Thursday, December 15, 2011

FG to arrest operatives of agencies sent out of port

No country immune from rising risk - IMF

Ghana mulls electricity sale to Nigeria

Nigeria issues N64.1bln in 2018, 2019 bonds

Wednesday, December 14, 2011

$100m mall ignites Ikeja, V/I retail shopping competition

1,080mw lost as Egbin power station shuts down

NAMA in spotlight over N13bn radar fraud

Okonjo-Iweala wants lower interest rates in 2012

Union Bank to issue N1.4bln shares

Tuesday, December 13, 2011

Jonathan removes tariff on power, agricultural equipment

Globacom opens up network to mobile money operators

Analysts raise concern over higher 2012 spending proposal

Jonathan proposes N4.749trln 2012 budget

Monday, December 12, 2011

Yar’Adua’s untimely death casts shadow on nation's achievements'

NNPC owes $3bn on fuel subsidy

Airports authority spends N.74bn on staff training

Naira weakens on high Dollar demand

Sunday, December 11, 2011

Banks’ preference for security investments threatens economic growth

Analysts see reduction in cargo dwell time, demurrage

Fraud rocks N13bn airport radar project

Friday, December 09, 2011

Interbank rates ease, liquidity still tight

Current account surplus almost doubles in Q2- CBN

Nigeria auctions N125bln in treasury bills, yields up

Nigerian yields seen flat at auction

Thursday, December 08, 2011

Nigerian pharmaceutical market to yield $2.61bn in 2016

FG plans N19.52trn four-year budget spend

Stanbic IBTC, GTBank , First Bank directors top pay list

Nigerian foreign reserves down to 4-weeks low

Naira falls to its weakest in 9 weeks

PZ Cussons half-year profit falls low

Wednesday, December 07, 2011

Stocks fall to 8-year low as foreign investors spurn Nigeria

Merrill Lynch blacklists resident Nigerian clients

Diamond, Zenith, GTBank best-paying banks

'Shell, Eni buy huge offshore oil block'

Nigerian stocks fall to eight year low

Naira falls against dollar on strong dollar demand

UBA issues N35bln debt at 14%

Nigeria to auction N64bln in 2018, 2019 bonds

Access Bank to boost share capital to N13bln

Tuesday, December 06, 2011

Nigeria not ripe for state police - Jonathan

Regulator issues 21 new power licenses

62.31% of banks' deposits maturing in a month

Indonesia Bakrie Group to invest $1bln in Nigeria resources

Monday, December 05, 2011

Sambo, Gowon, others want Boko Haram to stop bombing

CBN role in Islamic Liquidity Management Corporation under scrutiny

South West now controls 74% bank lending

New car imports soar as credit flows recover

Naira gains against dollar on oil firms forex sales

Ecobank to seek Oceanic merger approval

Sunday, December 04, 2011

Stakeholders want fuel subsidy beneficiaries prosecuted

MTN targets data market, Multilinks backbone network

Listing of oil companies to boost stock market by N45.58trn

Friday, December 02, 2011

Senate confirms BusinessDay story, unveils companies benefitting from fuel subsidy

Interbank rates rise on cash shortage

Invest in Africa not China- Russia's Renaissance

Olam to invest in Nigeria farming, wheat milling

Europe crisis 'threatens Africa'

UBA seeks approval to restructure

House passes fiscal plan, refused subsidy removal

Total to invest $200mn in Sao Tome and Nigeria oil block

Thursday, December 01, 2011

Anti-gay law: Mark defies foreign missions over aid

FCMB, Stanbic IBTC syndicate FHN’s $280m oil block acquisition

Foreign airlines milk Nigerians of $15.8m

ETI gets $285m loan from Nedbank

Shell sells two Nigerian oil blocks for $488mln

Wednesday, November 30, 2011

FG sets ambitious oil targets, sceptics abound

10% additional derivation not in original PIB

Fraudulent diesel pricing leaves marketers with N32bn in 2010