Businessday Nigeria Archive for June 2010

Tuesday, June 29, 2010

World Cup: Paraguay squeeze into the last eight

British Airways warns cabin crew as ballot nears

Blatter relents over goal-line technology; apology to England, Mexico

Mobil reports second oil spill in one week

OPEC June oil output falls

Monday, June 28, 2010

Court can’t stop your arrest, judge tells Ibori

Plateau pledges 100% vote for Jonathan in 2011

Central banks warned of new crisis if exit left too late

NIPPs: FG threatens to sack contractors

Golden jubilee: NLC, AC say London summit waste of scarce resources

Nigeria, China bilateral trade hits $7bn

Reforms needed to boost Nigeria corp bond market - Sanusi

Nigerian banks continue to be high risk-S&P

Emerging markets to drive next decade growth

FG pledges better power regulation to sway investors’ confidence

Cleric profers solution to Kidnapping

Prisoners Graduate From Entrepreneural Training

Sunday, June 27, 2010

Naira to firm further as Chevron, Mobil, others hit market with dollars

The brawl at the House: Living above the law

UK firm to build, manage N52.5bn Calabar Energy City

N14bn salary: FG begins verification of NITEL, MTEL workers today

Inter-bank rates ease on budget cash inflow

Absa CEO says firm ‘on lookout’ in Nigeria

Nigerians identify impediments to democracy

Caution, prudence see return of ailing banks to profitability

Democracy in danger!

World Cup: England limp out after German rout

Saturday, June 26, 2010

Constitution Row: I will not join issues with my superior

N4Bbn Post-Amnesty Programme Begins Monday

Black Stars become African idols

Constitution Row: I will not join

SIM registration exercise kicks off in Nigeria

Friday, June 25, 2010

BP market losses hit $100 billion on spill cost fears

Thursday, June 24, 2010

McKinsey identifies causes of Africa’s low level trade

Daniel presents N24bn supplementary budget to House

2011 polls: No party sentiments, says Jonathan

Fashola advocates global minimum safety standards

Mark slams Bankole over constitution for amendment to state assemblies

Fitch affirms Bayelsa at ‘B’, off RWN, assigns stable outlook

Nigeria ripe for G-20 membership – Jonathan

Ebebi, Bayelsa deputy governor, impeached

FG orders Telecomms operators to stop selling unregistered SIM cards

Nigerian airlines struggle under heavy debt burden

Wednesday, June 23, 2010

Fashola identifies merit, security of tenure to achieve best public service

2011: Fashola, Utomi, Soyinka, Bakare, Falana want credible voters’ register

Activists, politicians condemn suspension of 11 lawmakers

Obasanjo urges creation of wealth for Africa’s renaissance

Conduct of credible election, my major challenge, says Jega

Mark wants cyber crimes working group strengthened

2011: Northern leaders threaten court action over PDP zoning

Shareholders to recover lost investment as Senate passes harmonised AMC

Law makers’ jumbo pay not in line with economic reality

Window opens for China as FG holds oil licensing bid in August

Tuesday, June 22, 2010

Jonathan withdraws nomination of 2 INEC commissioners, Senate screens Jega, others today

Capital market investors vow to stop Bill on unclaimed dividends

Jonathan orders review of military pensions

‘Agriculture holds future for Nigeria’s economy’

N5bn debt: EFCC invites airline chiefs, NCAA director general

NBS says economy grew by 7.23% in Q1

Lawmakers who collect stupendous allowances: Who were they?

Big, costly projects won’t solve power mess

Unrepentant Senate says salary is not ‘jumbo pay’

Shame as Reps fight before school children

Gwandu appointed NCC boss

Monday, June 21, 2010

Ogbulafor’s trial: Court discharges industrialist

Jonathan reiterates giving Nigeria transparent governance

Uncertainty trails House of Reps resumption today

2011: Northern minorities say no monolithic North

Freight forwarders want infrastructure commission to regulate port operations

Jonathan appoints Nnaji special adviser on power

Ex-NDLEA boss, Lafiaji, bags 16 years for corruption

Telkom’s full-year profit tumbles, mulls unit sale

Analysts raise moral questions over purchase of toxic assets by Asset Management Company

New CBN report catalogues mess in power sector

Expensive National Assembly: More Nigerians protest

NPA seeks exemption from provisions of Procurement Act

Sunday, June 20, 2010

PDP dissolves Reform Forum, re-admits Alamieyeseigha

Dropped INEC nominees: Jonathan to send new names ahead Senate screening Wednesday

Power committee wants 1,311mw addition as short term to generating capacity

Jonathan says too early to talk of 2011 run

Constituency projects of federal legislators

Nigerians set for showdown with Senators, Reps over jumbo pay

Nigerians in quiet revolution against expensive, crippling National Assembly

Data problems disturb control of under-age driving, says FRSC


Monitoring Group insists on INEC autonomy

Thursday, June 17, 2010

PDP chieftain canvasses shift of 2011 elections

Jonathan bows to pressure, drops four INEC nominees

Imoke urges FG to terminate Ikom-Obudu road project

FG begins disbursement of N11bn housing loan to civil servants

UNDP lists eight-point action agenda to achieve MDGs

Oloibiri rues the day the oil men came

FG urges manufacturers to take advantage of N500bn intervention fund

Shell Nigeria investment on hold pending reform

Kaita kicks door open for Greece victory

Powerful group moves to derail Police Health Insurance Scheme

NCC bars lotteries by telecom operators

World Cup: Greece edge ten-man Nigeria in thriller

World Cup: Greeceedge ten-man Nigeria in thriller

Swiss shock kings of Europe

Wednesday, June 16, 2010

Crime: Police deploy 10,000 personnel in South-East

Bankole canvasses Nigeria’s inclusion in UN’s Security Council

FG revokes contract for second Niger Bridge

Wage increase: Lagos AC condemns reps, senators

British envoy urges urgent steps for clean Nigeria polls

Chevron, Schlumberger forex injection gives Naira edge

Shell worried by increasing oil theft

‘Under-performing lawmakers cannot justify huge expenditure’

Commonwealth boss justifies Nigeria’s Africa role

Nigeria’s external reserves get a boost as Euro falls 10% to the dollar

Tuesday, June 15, 2010

Naira eases amid higher dollar demand

FG orders refund of illegal charges, moves to decongest ports

Jonathan heads action committee on power

NDLEA arrests 2,883 suspects, 674 convicted

FG, states disagree on funding for sovereign fund

FG threatens ExxonMobil with sanctions over spills

State Assemblies asked to reject constitution amendments

NNPC shuns FG on outstanding N450bn oil proceed

New gas pricing bears first fruit in NNPC, PHCN, sign pact

Real sector earnings down on lending squeeze, rising cost

Lagerback vows to change Eagles fortunes

Non issuance of visas: Supporters Club alleges sabotage

Monday, June 14, 2010

Stakeholders look to revised policy making process for economic growth

Insurance industry records N150bn premium income

Finally, banks resume operations in Aba as FG beefs-up security

Siemens scam: Telecoms CEO, ex-minister, others to appear before EFCC

N5.2bn scam: Ugbane, Elumelu, others urge court to quash charges

Oil rises 2% to top $75 on recovery optimism

Mark criticises NNPC $35bn refinery deal with China

Jonathan cites greed as bane of Nigeria’s underdevelopment

Nigerians shift kidnap trade to South Africa

Pressure on Nigeria’s deepwater sector as investments dwindle

Sunday, June 13, 2010

PenCom tightens noose on off-shore investment of pension fund

Inter-bank rates rise on naira cash outflows

Bayelsa urges FG to takeover N130bn coastal link roads

Chinese firm signs MoU to establish asphalt plant in Cross River

SMEs still battling with credit liquidity crisis

2011: Tinubu calls for adoption of ‘open secret ballot system’

Unconventional gas projects won’t affect Nigeria LNG now

Analysts see opportunity for banks in property market slowdown

Controversy trails stamp duty collection in stock market

N600bn annual fuel subsidy beats MDAs’ capital vote in 4 years

Saturday, June 12, 2010


Business prospect grows in Nigeria as World Cup 2010 commences

FG to raise N30bn bond for construction of second River Niger bridge

Friday, June 11, 2010


Wema Bank opts for regional banking license

$40 billion stolen from developing countries annually, says World Bank

Thursday, June 10, 2010

N180M fraud: EFCC unearths fresh evidence against Nyame

FG declares uniform cut-off mark for UTME

Nigeria still ranks low in global business competitiveness

CNPP threatens to drag EFCC chairman to court over Bankole

Ondo government deposes Deji of Akure over alleged wife battering

UNN Jacksonites host revered Sylvanus Ekwelie

MEND fighters in bloody confrontation with JTF

Probe of NNPC accounts begins

Market value puts Tier 2 banks ahead of peers

$6.5bn African World Cup begins in Johannesburg

Wednesday, June 09, 2010

AC sets agenda for Jega

Court declares removal of Nigerian MD of Ghanaian Bank illegal

Why FG approved $600m renewal fee for Mobil oil leases

FAAN withholds N275m MMIA maintenance allocation

Reps group gives Bankole seven-day ultimatum to resign

Aviation agencies ground airlines’ flights debt

Jonathan challenges security agencies over spate of kidnapping

Dairy makers upset over FG’s plan to ban milk importation

INEC: Senate, political leaders welcome Jega’s nomination

MTN prepares for big market fight with Bharti Airtel

Tuesday, June 08, 2010

Oyo lawmaker injured, two others stripped over impeachment threats

DPA tasks Lagos government over doctors’ strike

Ex-militants want N/Delta governors to complement amnesty programme

StanChart sees Nigeria becoming Africa’s biggest economy by 2023

Bharti completes $9bn acquisition of Zain Africa

PenCom set to drag 98 firms to court over non-compliance on pensions

Jega: To INEC from a maverick background

Poor frequency management may slow telecom growth

Radical scholar, Jega, gets mandate to run 2011 elections

Jega is new INEC chairman

Bharti Completes $9 Billion Purchase of Zain Africa

Monday, June 07, 2010

UK court sentences Ibori’s associates to 21 years in prison

Jonathan presents new INEC chairman to council of state today

Maritime workers threaten to shut down ports over unpaid off-shore tonnage

Nigeria’s foreign debt hits $4.3bn

Labour tackles Jonathan over N640bn supplementary budget

FG launches N8.68bn Nigeria Sat 2 October 29

Banking credit to private sector rises to N9.81trn after intervention – Report

Brokers resist Nigerian watchdog

Ghana is playing by the rules on Nigerian businesses-Tetteh

Stocks to rally this month as AMC comes on stream

Ibori’s sister, mistress get five years jail in London

Sunday, June 06, 2010

Lead poisoning from mining kills 163

Akwa Ibom government denies car gift to EFCC boss

NSE scraps second-tier securities market, seeks stakeholders’ support

Dangote ups stake in South Africa cement firm

Senate may re-convene for screening of INEC chairman this week

30% Ghanaians working in US with Nigerian passport

FG to raise economic development council

One per cent of oil contracts to finance Nigerian content fund

Banks set to resume lending on imminent establishment of AMC

FG looks to cheap funds to revive real sector

Saturday, June 05, 2010

Ribadu arrives Nigeria , says ‘I feel great, wonderful’

Kanu: We're prepared for Argentina

AC decries high allocations in 2010 for NASS members for travelling and refreshment

19.7% unemployment rateworries FG

Ribadu arrives Nigeria yesterday, says ‘I feel great, wonderful’

Friday, June 04, 2010

Colleges of Education to get over N157 million ETF intervention fund

Senate assures on state creation

Ribadu arrives Nigeria, says ‘I feel great, wonderful’

Analysts want proper pricing of toxic assets by AMC

Thursday, June 03, 2010

British Airways seeks upgrading of infrastructure at Lagos airport

Senate ends third legislative year, assures on PIB, FOI bills

Bankole reshuffles House committee positions

Oil reform plans face further delays

Siemens scam: EFCC quizzes ex-perm sec, 2 NITEL bosses

Jonathan visits Oyo, inaugurates road projects

Why I did not sack service chiefs - Jonathan

Unintended consequences decimate CBN’s reform agenda, say analysts

Insurers to probe self on NNPC business

Wednesday, June 02, 2010

Siemens scam: Ex-MTEL CEO, PHCN MD, Perm Sec face EFCC

PDP lifts suspension on Masari, Nnamani, Wabara, others

CBN to mop up N65bn next week, pays in N60.25bn worth of maturity bills

NNPC increases exploration activities in Chad Basin

Senate approves amended harmonised 1999 constitution

Senate confirms Ukura as AGF amid protests

FG says seven-point agenda still on course

Foreign reserves fall to $38.7bn

NAICOM gets $4.95m on NNPC insurance deal

Swiss firm offers $20bn to enter infrastructure bond market

Ibori: London Court Finds Udoamaka Onuigbo Guilty

Senate passes bill on registration of mobile phones

Tuesday, June 01, 2010

Excel refutes Alphin Fleury allegations, says petroleum minister not involved in Eremor oil field deal

France pledges more investments in Nigeria

Presidency moves to reconcile PDP factions

Inflation management a hurdle following CPI components beyond CBN control

PENGASSAN vows to resist proposed petrol price hike

Jonathan seeks to cut 2010 budget spending

Siemens scam: EFCC quizzes Makoju, 2 others

UK jury indicts Ibori’s sister over $101.5m laundered money

Insurers sign secrecy oath on NNPC business

UK court finds Ibori's sister guilty of money laundering

World Cup: South Africa drafts 40,000 police officers

Stakeholders hail FG’s N10bn intervention in housing sector

Monday, May 31, 2010

FAAN loses N20bn to concessionaires, others over poor agreement terms

FG targets $2bn from non-oil sector before year end

Mark asks Ghanaian authorities to review economic conditions against Nigerians

Why food, energy, financial crises persist in ECOWAS region, by minister

Public service reform: FG plans sack of 50,000 workers

Babangida wants Abiola immortalised

‘Nigerians failed to utilise democratic rights’

NNPC insurance premium inflated by $363.8 million

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