Businessday Nigeria Archive for September 2010

Wednesday, September 29, 2010

European Stocks Fall for 3rd Day; Emerging Markets, Copper Rise

30 states for Nigeria at 50 Trade Fair

Tens of thousands march in Brussels over austerity

Gold hits 10th record peak in 12 days

Tuesday, September 28, 2010

‘Ghost’ polling booths haunt 2011 elections

IBB, Abubakar say Nigeria needs leadership that can confront growth challenges

Oshiomhole tasks oil commission on resource management

Jonathan orders IG to rescue kidnapped children

Anambra government suspends monarch, proscribes association over crisis

Survey identifies corruption, epileptic power supply, crime as Nigeria’s biggest challenges

Jonathan writes N/Assembly on election timetable extension

Cooking gas price to fall as Nigeria LNG replaces storage vessel

Jonathan sends names of Belgore, Obi, other AMCON board nominees to N/Assembly for confirmation

NEC further decentralises power production, grants approval to LGs

Police promise to rescue kidnapped school children in Abia ---I-G

Monday, September 27, 2010

2011: National Assembly may consider INEC’s request for time extension

Ekwueme, Nnamani, others locked out of venue of Igbo political forum meeting

CBN reassures on health of unaffected MFBs

Nigerian crude oil exports to slip in November

Alison-Madueke sees new oil law in weeks, says FG committed to implementing gas sector policy

Oshiomhole commiserates with Champion Newspapers over death of editor

Soyinka, Tamuno, Ogbuigwe berate Nigeria’s nationhood fulfillment after 50 years

FG to cut public expenditure

Jonathan says presidency is not zoned

Analysts want concessions as banks prepare for M&A deals

Ekwueme, Nnamanni, others locked out over Igbo political summit in Owerri

Sango, 5 others vie for Plateau PDP governorship

Sunday, September 26, 2010

PDP suspension of primaries delays take-off of Jonathan’s campaign zonal offices

Senate resumes tomorrow to tackle grey areas in Electoral Act

Improved living conditions of people will curb insecurity, says Oputa

Poor business environment slows down Nigeria’s economic growth – Report

Importation, dividend payment by multinationals drag Naira to 13-month low

CBN explains delayed intervention in micro-finance sector

Stakeholders say Local Content Development Act is wieldy

Economy face funds freeze on account of SDF

Nigeria’s Bonny crude output to hit 2-year high

NAICOM, NNPC clash over captive insurer,The Wheel

Saturday, September 25, 2010

Oransanye says new ID card will open new chapter in Service

Jonathan demands permanent seat for Africa at Security Council

Brazilcrops shrivel as Amazon dries up to lowest in 47 years

May 29 swearing-in date irreversible, says INEC

IMO earmarks $2.5m to equip maritime institutions in Africa

NSE All-share index slides by 0.10 per cent

Friday, September 24, 2010

UN holds key meeting on food price concerns

Thursday, September 23, 2010

Utomi declares presidential bid, promises to prioritise education

Ribadu warns Nigerian elite on corruption

Sambo challenges Africa on MDGs

Minimum wage: FG holds crucial meeting with NLC over strike threat

AfDB moves to fast-track N7.65bn grant for FCTA transport project

Nigeria’s business environment still risky – AIAE report

Panic withdrawals trail CBN’s revocation of 200 microfinance banks’ licences

Sambo pledges FG’s support for banking reforms

Fears over economy as political activities heighten

Gold rises toward $1,300 on unimpressive U.S. data

Forbes 400: The super-rich get richer

Edo govt appoints Amodu football consultant

Bonds Advance, Stocks Decline on Reports of Weakening Growth

Indian prime minister calls games crisis meeting

Stockbrokers endorse Dangote Cement, BCC N2.13t merger

Wednesday, September 22, 2010

Nigeria at 50: Lagos lines up events to celebrate independence

UN investigates Nigeria lead poisoning deaths

Global Strategy for Women, Children’s Health draws over $40bn in resources

N/Assembly meets Monday over INEC’s request to shift election timeline

2011: Nigerians in US mobilise support for Jonathan

Three Frenchmen kidnapped at Addax field off Nigeria

Fashola fires LASAA MD, appoints Bello as replacement

Industry stakeholders question WEMPCO’s request for N448 bn import waiver extension

Telecoms operators enumerate benefits of infrastructure sharing, others

Stunning revelations, as auditors release NSE report October

OPEC should comply more on oil output: Libya

Soyinka, Bakare urge Jonathan to intervene in the Ogun House Crisis

Jos needs 130 million litres of water daily

World Cup spend shrinks S.Africa c/a gap to 6-year low

Twitter fixes flaw after cyber attack

Banking sub-sector dominates NSE transactions

Tuesday, September 21, 2010

Analyst’s view on CBN hike of MPR by 25 bpts

Power sector reform: PHCN to be privatised first quarter 2011

Developers see more opportunities in low, mid end property market

Akhigbe talks tough as Edo PDP crisis deepens

I do not foresee any constitutional crisis over timetable extension, says Ajumogobia

2011: Why North East will vote Jonathan, by Yuguda

World Bank warns over FG's recurrent spending pattern, calls for caution

Nigeria can structure tax, forex regimes to attract power investments

INEC, parties shift 2011 elections to April

CBN raises MPR to 6.25%, resumes active OMO to manage liquidity

Twitter says suffered security attack

Gold eased in Europe on Tuesday as the market consolidated...

Judge threatens to summon NFF members

Monday, September 20, 2010

Suspected killer of SSS operative, wife, children appears in court

Diaspora Nigerians remit $7bn as CBN releases N130bn to BoI for 317 projects

Saraki declares presidential bid, adds threat to Northern PDP unity

Gusau denies dumping Northern pact on single candidacy

ANPP says Onu will reposition party

ACN, CNPP back INEC over seeking extension of time for 2011 polls

CBN likely to keep key rate at 6%

INEC meets political leaders today over shift of election dates

Experts seek clearer tax system for Africa at Ernst & Young conference

Local content: Oil firms frame guidelines for local partners

Zamfara PDP gets female nominee for House of Rep.

Rivers SSG resigns, to contest Senate seat

Sunday, September 19, 2010

Job creation will top my agenda, says Atiku

Insurers decry government agencies’ incursion into sector

2011: Why Saraki may drop presidential bid

GTBank proposes divestment, to relinquish 68% holding in GTAssurance

CBN decries bank’s poor lending to farmers

Inflation rises to 13.7% year-on-year in August

2011 polls: Gusau quits to challenge Jonathan

How I’ll create jobs, jumpstart economy, by Atiku

INEC seeks extension of time for 2011 polls

World Bank cautions Nigerians over candidates for 2011 polls

ANPP says 2011 a challenging year

Nigerians in UK hail Jonathan’s declaration

World leaders arrive for MDG summit

2011: Onoja expresses interest to contest for Mark's seat

Saturday, September 18, 2010

Gold hits new record on jitters over data, Fed

2011 elections: Ijaw Youth mobilise support for Jonathan

PDP faithful, political heavyweights throng Eagle Eagle for Jonathan

Shell win case against nigerians

2011: North will field one contestant for PDP presidential ticket Max Amuchie

50th Anniversary: Minister meets security chiefs

Thursday, September 16, 2010

2011: Ribadu admits presidential bid, promises peace, security, jobs

Global loan volume, deposits drop on the back of financial crisis

Chinese consortium mulls $20bn investment in Nigeria’s infrastructure

Sambo pledges to support Total on business expansion

N3bn fraud: Court frees Owan, six others

Climate change: Fashola, NCF lead Lagosians on ‘walk for nature’

FG budgets N1.6bn to compute states’ contribution to national economy

Pressure intensifies on rent value as house buyers, investors take holiday

FG to ‘unlock’ N400 billion of pension funds for power - CBN

CBN worried by slow growth in bank lending

Gold rushes to record

PDP issues timetable, guidelines for primaries

Wednesday, September 15, 2010

Timeline: Jonathan declares presidential bid

2011: PDP presidential candidate emerges October 23, Atiku gets waiver

Rivers indigenes stage mass protest against EFCC in Port Harcourt

Fashola, Odey advise on attainment of MDGs by 2015

N5.2bn fraud allegation: CBN exonerates Spring Bank GMD, others

2011: Saraki may drop presidential bid

New car imports drop by 50 percent

FG replies Soludo, blames him for financial sector crisis

Analysts look ahead as Jonathan, IBB declare for 2011 presidency

Jonathan declares 2011 presidential bid on Facebook

Tuesday, September 14, 2010

EFCC head of forensic unit, Abdullahi Muazu, murdered

Jonathan to convene special water summit in October

Investors in rescued banks emerging, top banks shun offer

IFRS: Lagos begins training of accountants, auditors

GTB Assets Management offers 1bn shares for subscription

Niger SERVICOM chief killed while mediating

Abdulmutallab fires lawyers, may plead guilty to some charges

Nigeria to seek increase in production quota at OPEC meeting

China’s Haier wins bulk of INEC voter registration contract

200 supporters storm Abuja for IBB

Dollar hits new 15-year low versus yen

Iran 'releases female US hiker Sarah Shourd’

Belgian ship attacked in Cameroon

Kenya bond trading up 480 per cent in first 8 months

Guinea's jailed electoral chief dies in Paris hospital

Bob Marley family loses copyright fight

Monday, September 13, 2010

I’ll lead Jonathan’s presidential campaign in North-East, says Yuguda

Jonathan’s camp says Saraki is no threat, sees bid as Northern strategy

Oxford Business Group boosts operations for its second report on Nigeria economy

Universal banking model ends October

Presidency says Jonathan not hunting governors, others with EFCC

Basel eases capital fears, top banks still in spotlight

Diaspora Nigerians stay investment, home visit over kidnapping

SSS deputy director, wife, 3 children murdered

CBN mandates banks to replace auditors after 10 years

FG requires N31trn for economic reforms, says Jonathan

Conoil posts 15% rise in 2009 profit

SSS deputy director, family butchered in Kano

UN: 24 dead, 70,000 homeless in Chad flooding

U.N. nuclear body, Iran clash over barred inspectors

Nigeria to begin phase 2 of NIGER-HYCOS project October

Flooding: 14 towns, villages relocate from river bank

Oil climbs over $77 on U.S. pipeline, Chinese growth

Sunday, September 12, 2010

Naira drops, dollar gains at WDAS as N18.7bn worth Treasury bill maturities hit market

Maduekwe wants Anambra gas included in power road map

Commission asks African leaders to convert economic opportunities into poverty reduction, development

Nigeria wasted N60trn earned from oil, says CNPP

2011: Ndigbo in the North decide on choice of presidential candidate Oct. 7

FG set to give more incentives to investors in power sector to up energy supply

Nigeria, Britain sign MoU to allow diplomats spouses’ to work

Airport body scanners remain idle seven months after purchase

World panel backs rules to avert banking crises

Firm says $25m can be saved on NNPC 2010 insurance

Iran ready to free U.S. hiker on Bail

Gbom Gwom tasks religious, traditional leaders on peace

Saturday, September 11, 2010

Rivers govt denies taking N30b bond

Tension over Islam center and Koran threat marks 9/11

IMF says growth will slow in coming months

DR Congo bans mining for mobile phone minerals

ECOWAS signs agreement with Togo to host project unit

Religious tension marks Sept 11 anniversary

FAO set to release figures on world hunger

Friday, September 10, 2010

Nigerian billionaire businessman, Alhaji Aliko Dangote, has donated $2 million to the UN World Food Programme (WFP)

Thursday, September 09, 2010

Atiku, Jang, CPC, hail Muslims on Eid-el-Fitr, canvass change of attitude in politics

2011: Atiku gets waiver from Adamawa PDP, awaits NEC’s ratification

Prison invasion: Residents laud Jonathan over Onovo, SSS DG’s sack

Uduaghan comfortable with INEC time table, says campaign organisation

Horse-trading ahead if Jonathan is to contest polls

Standard Bank to double Nigeria operation

African equity funds enjoy record inflows

Frontline politicians call for credible polls

Ghanaian authorities shut Nigerian shops, make arrests

Stocks Advance on Jobless Claims Data; Treasuries, Gold Fall

UK watchdog fines Goldman Sachs $27 million

Police begins sensitisation of personnel for election

Sallah: Jonathan calls for support to stabilise economy

ECOWAS Games: Nigeria leads medals table after athletics' opening day

Wednesday, September 08, 2010

Politicians, NGOs, others reject INEC’s election timetable

Lagos Assembly considers N26bn supplementary budget

Jonathan greets Muslims on Eid-el Fitri, reaffirms support for INEC

14 perish in auto crash on Enugu-Onitsha expressway

Boko Haram: Five dead, 732 escaped during prison invasion – Police

Dangote Cement to list on NSE November 5

CBN closes universal banking chapter with eye on quality banking

Rising levies threaten prospect for affordable telecom services

Jonathan replaces military, police, SSS chiefs ahead of polls

CadburyNigeria sees N633 million Q4 pre-tax profit

127 freed prisoners return

Jonathan reshuffles military chiefs ahead of 2011 elections

Tuesday, September 07, 2010

2011: PDP welcomes INEC timetable as progressives meet next week

Jonathan, PDP governors meet over 2011 elections

TUC tasks Jonathan on infrastructure, security, power

Nigerian Facebook generation gears up to monitor 2011 polls

Halliburton scam: FG stalls trial of Obasanjo’s aide, others

NSE sanctions 54 erring companies

Mixed reactions trail appointment of Belgore, Obi, others to AMCON board

NSE approves Dangote Cement listing at N135 per share

Nigeria's Guinness to pay dividend for 2010

NigeriaPepsi franchise pre-tax profit up 19 pct

2011: ACN expresses concern over election date

Fertiliser: Women protest alleged marginalisation

Monday, September 06, 2010

EFCC arrests 2 council chiefs in Kwara

More NITEL, MTEL employees to be laid off

FG targets 760 megawatts from Kanji, Jebba dams, reassures on power supply

Armed robbery: Banks re-open in Ijebu-Ode after three-week closure

Naira weakens on increased dollar demand

INEC says new voter register ready Dec. 9, N/Assembly poll holds January 8

‘Textile intervention fund may be a mirage if smuggling persists’

FG considers guarantees for investment in power sector, others

Dangote Cement N2.13trn deal excites investors, brokers

NNPC owes fuel suppliers $6 billion - trade sources

Atiku seeks Igbo president in 2015

Jonathan’s supporters mobilise as polls near

Maritime workers threaten protest at National Assembly

Senate, Reps committees on privatisation laud facilities upgrade at Onne OGFZ

Public outcry in Akwa Ibom over CNN’s child witch report

Aero to sack workers as it loses CHC contract

Local content: Firms risk losing over N5bn to lack of patronage

Dangote Cement N2.13 trillion naira market listing to change face of NSE

Wednesday, September 01, 2010

FG asks teachers to shelve planned strike action

Group petitions presidency, flays 35% import duty on cement

IBB, at PDP secretariat, says relationship with Jonathan cordial, presidential bid belongs to God

Nigeria embarks on vast free trade zone with China

Floods kill three, displace thousands in Katsina, Jigawa, Zamfara, others

Oyo, Osun lobby NUC not to withdraw LAUTECH’s licence

Arik Air loses billions as NAMA grounds its operations

Nigerian banks, ETI are target as HSBC bid to win big in Africa

Banks’ 10 percent exposure deadline plunges share prices

Tuesday, August 31, 2010

2011: INEC to release timetable before Sept. 11

Vision 2020: Planning commission to endorse development projects for all tiers of government

British envoy urges SEC to restore confidence in capital market

Airline operators, NAMA on collision course over navigational charges

IFC sub-Saharan Africa 2010 investments up a third

Report sees demographic disaster in Nigeria unless it creates jobs for young people

Nigeria bank ratings could take years to recover

FG receives six bids for consultancy on sale of state power companies

World Bank says less than 1% of Nigerian businesses have access to credit

Boost in internet bandwith opens fresh opportunities for businesses