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

Nigerians ask who’s in charge, fear power struggle

NITEL sale controversy: NCP clears New Generations Telecom

FG targets 700 vessels yearly under new ship register

Kaduna, Warri refineries commence production of petrol

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

Yar’Adua missing in Nigeria

Terrorism: NCAA tasks foreign airlines’ agents on security formalities

Turai: Nigeria’s self-appointed president

Troop deployment for a president’s welcome

Jonathan remains Acting President -Akunyili

Wednesday, February 24, 2010

Division in BPE as controversy dogs Nitel sale

Senate amends Sections 145, 190

Council fails to meet as balance of power comes into question

Medical experts say individual with pericarditis can’t work

Yar’Adua: Militants worried over deployment of troops

‘Jonathan remains acting president’

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

How Turai, aides humiliated Jonathan

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

Unusual military deployment raises poser in Aso Rock power play

Jonathan remains in charge

US fears Yar'Adua's return may fuel uncertainty

Acting President summons ministers for special meeting

President Umaru Yar'Adua 'returns home'

Tuesday, February 23, 2010

Security: Lagos delivers ten more APCs to police

Senate orders arrest of Magnus Kpakol

Omen, NITEL reserved bidder writes Goodluck, BPE

Reps ask finance ministry to sack Udoma as SEC chairman

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

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

FG approves N19bn for land reclamation in N/Delta region

Shell raises alarm over Nigeria’s dwindling oil production

Banks jostle for Q4 good outing as investors’ expectations rise

Sanusi links capital market crash to financial illiteracy

Monday, February 22, 2010

Continuing gas shortage unacceptable, says Jonathan

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

China Unicom arm backs NITEL move

Abebe clarifies case with Statoil

PDP disowns splinter group, pledges support for Jonathan

Edo lawmakers impeach speaker

Oil price breaches $80 on Total strike

Lufthansa passengers protest at Lagos airport

NNPC, Oando, AP, Mittal plan three new refineries

FG to tackle reform, unrest at oil conference

Sunday, February 21, 2010

Deregulation: Jonathan meets labour leaders today

US to aid independent power producers

Early election could intensify Nigeria power struggle

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

Udoma battles to retain SEC seat

Civil rights leader, Sani detained

Lufthansa cancels Lagos-Frankfurt flights over pilots’ strike

Vandalised facilities may scuttle NITEL’s revival

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

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

Saturday, February 20, 2010

Inadequate budgetary allocation stunts mines and steel sector development

Fuel: NNPC says it exceeds national daily consumption level

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

Akunyili willing to drop charges against Aonadoakaa

ADB grant N2.2bn for science and tehcnology

Friday, February 19, 2010

BPE stands by $2.5 bln telecoms offer

ANALYSIS-Early election could intensify Nigeria power struggle

Thursday, February 18, 2010

Domestic airline operators’ disagreement stalls government’s bailout plans

AC asks Jonathan to identify those campaigning against him

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

Fashola wants accruing pension funds invested in housing scheme

Rice merchants raise alarm over illegal imports

CBN approves new organisational structures

FG condemns insurrection in Niger

Costs of petrol price regulation escalates

How New Generation Consortium evolved

Nitel sale set to hit the rocks again

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

Wednesday, February 17, 2010

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

Jonathan: Niger Delta group calls militants to order

Senate passes bill to make INEC independent for second reading

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

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

Anambra poll: PDP reconciliation move fails

FG reassures investors in oil, gas industry

Unresolved dispute on gas price may elicit more factory closures

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

More firms close shop as policy, infrastructure problems persist

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

Back from the brink?

Tuesday, February 16, 2010

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

Experts foresee brighter prospect in oil output for 2010

NDIC seeks full payment of insured amount to depositors

Jonathan warns West African states against undemocratic acts

Constitution review: Senate committee says no decision yet

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

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

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

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

End coming soon for fuel subsidy as Jonathan weighs options

New Generations Telecommunications wins Nitel bid

Why PDP leadership opposed transfer of power to Jonathan

Monday, February 15, 2010

Arewa asks Jonathan to give precedence to Niger Delta issues

Mark urges Nigerians to do away with federal character

Senate proposes life jail for corrupt public officers

Jonathan’s government not illegal – Bankole

N250bn first quarter capital vote released

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

Jonathan meets with economic team, others on deregulation

Why budgets are under-performing, by finance ministry panel

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

Capital budget implementation at 54% in 2009

Sunday, February 14, 2010

How Aondoakaa plotted Akunyili’s sack

Yar’Adua: AC slams ministers for failing Nigerians

Udo Udoma justifies dual roles as UACN, SEC chairman

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

Congestion looms at ports as banks renege on credit facilities

Survivors of Port Harcourt high tension electrocution recount ordeal

Custodian announces Nigeria’s first share buy-back

The new power game: the losers and the gainers

Indians to replace Kuwaitis as Bharti Airtel takes over Zain Africa

Global oil exploration risks and costs escalate

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

FAAC distributes $2 billion among FG, States, LGs

Jonathan pledges FG's resolve to address power sector

Friday, February 12, 2010

India IOC buys more Nigerian crude oil for April

Custodian announces Nigeria's first share buy-back

Interbank rates flat for third week

US praises Nigeria on 'democratic handover'

Thursday, February 11, 2010

Oil reform bill to move forward as leadership crisis eases

Senate rejects report on Escravos gas to liquid project probe

Terrorism: US lists conditions for delisting Nigeria

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

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

Terror list: Senate to send Jubril to US

UK announces tougher rules for foreign students

Jonathan summons economic team

Daunting challenges ahead, says acting president

CBN’s second phase reform to focus on bank categorisation

Wednesday, February 10, 2010

NCC says more telcos are distressed

Obi collects certificate of return from INEC

Navy arrests 17 persons, seizes fuel-laden vessel

‘European Investment Bank not eyeing troubled banks’

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

Court restrains Lagos Assembly from probing Fashola

Nigerian shareholder sues Zain

Differential petrol pricing confirms deregulation is on

BusinessDay’s conference tackles Nigeria’s banking reform

Why Aondoakaa was removed as justice minister

Jonathan replaces Aondoakaa as justice minister

Tuesday, February 09, 2010

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

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

SGF backs Jonathan as acting president

European Investment Bank lauds CBN’s banking reforms

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

Transport ministry endorses NIMASA’s caution in cabotage loan disbursement

Jonathan starts acting immediately—Bankole

Jonathan: Kudos, knocks for National Assembly

Jonathan accepts new role, to tackle corruption more robustly

Lucky Jonathan becomes acting president

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

Senators debate power transfer to Jonathan

Senate says Jonathan should be acting president

Monday, February 08, 2010

Yar’Adua: Governors to meet National Assembly over Jonathan

Vandals compound fuel crisis, break NNPC pipeline

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

Anambra election: NLC passes vote of no confidence on INEC

FG urges religious leaders to educate members on climate change

All set for BusinessDay’s banking conference on Thursday

Obi’s victory seals Ojukwu, Ekwueme supremacy tussle

LCCI urges FG to curb influx of prohibited items

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

Falling oil rig deployment threatens new fields development

Sunday, February 07, 2010

Oando gives shareholders opportunity to trade rights issue

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

FG admits failure to keep petrol price at N65 per litre

FG moves to reactivate rail transport, unveils five new locomotives

Uncertainty haunts economy over prolonged Yar’Adua’s absence

Concessionaire remits N10.3bn to FAAN for 2009

North’s elite tussles for power

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

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

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

Anambra election: Police arrest 100 over election malpractice

Late voting: Bane of Anambra election

Large voter turnout in Anambra

Anambra polls: REC extends voting hours

Anambra polls must not fail - Akunyili

Slow start to polling in Anambra

Amodu sacked, search for replacement begins

Friday, February 05, 2010

Interbank rates flat on limited outflow

Oteh vows tough line on transparency

Gunmen kidnap 8-month old child in Nigerian oil hub

Anambra poll tests depth of Nigerian electoral reform

Governors back Jonathan as acting president

Thursday, February 04, 2010

Oil industry budgets $10.726bn for 2010

Shell mulls selling more Nigerian assets

Court declares INEC unfit to conduct elections

Lukman threatens to sack NNPC management over fuel scarcity

NPAN restates call on Yar’Adua handing over to Jonathan

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

U.S. defends interrogation of Abdulmutallab

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

Lagos Assembly panel to probe Fashola

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

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

US pledges early review of air security ‘blacklist’

Lagos Assembly inaugurates committee to probe Fashola

FG cuts FCT land rates

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

Yar’Adua: Abba-Aji appears before Senate today

Motorola wins Zain Nigeria network expansion deal

Dora Nkem Akinyili: An amazon with a cause

Akunyili’s memo was long in coming, say Nigerians

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

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

Christmas plane bomb suspect 'co-operating' with US

Tuesday, February 02, 2010

Reps accuse executive of usurping functions

Senate forecloses further discussion on Yar’Adua’s health

PDP under pressure to summon NEC meeting over Yar’Adua

Explosion rocks NTA Yenagoa

400 ex-militants protest over non-documentation of members

Tinubu denies rift between Fashola, self

Lagos 2011: Banire may replace Fashola

Fuel scarcity: Banks spend N238m daily on generators

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

Nigeria to sell 2 billion barrel oil reserves

Monday, February 01, 2010

Fuel scarcity worsens Nigeria’s unemployment rate

Anambra: INEC to announce results at polling centres

Power outage deepens as generation relapses to 3,000 megawatts

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

Ozekhome, Pinheiro, 17 others now SANs

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

Pro-Fashola group protests in Lagos

Jonathan warns Plateau leaders over crisis

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

Yar’Adua’s continued absence intensifies squeeze on economy

Sunday, January 31, 2010

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

JTF mulling MEND’s suspension of ceasefire

Senate not contemplating impeachment of Yar’Adua

NSE may seek state governments’ support in funding branch operations

NAICOM mulls stricter regulation for insurance industry

5-day Davos forum ends on note of humility

23,230 policemen mobilised for Anambra governorship poll

Nigeria unaffected by recall of Toyota cars – Franchisee

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

Why military may not intervene in Nigeria political crisis