Businessday Nigeria Archive for February 2011

Sunday, February 27, 2011

301 passengers stranded as British Airways Lagos-London develops fault

Egypt to reeopen stock market on Tuesday: cabinet

Immigration service issues 3m electronic passports

Thursday, February 24, 2011

Cote d’Ivoire could face air, sea blockade - FG

AMCON to deepen market with N2trn bond

Regulation, liquidity key to capital market leadership

Reps pass FOI bill

Capital market regulators must focus on systemic risk -SEC

Obama breaks silence, condemns Libya crackdown

Amcon Will Encourage Short-Selling of Its Securities, CEO Says

FG to spend N678b on dam projects, investment plan document indicates

Oil surges towards $120 as Libya unrest cuts supply

Wednesday, February 23, 2011

Farmers plan to cut off middlemen to reduce price of food

FG condemns Libyan govt over-use of force on protesters

PENCOM puts investment of N1.9trn fund on hold

Finally, NNPC admits: ‘We are broke’

Brent climbs above $110 on Libya unrest

Imoke, Wamakko, Nyarko, Sylva, Uduaghan Win, To Stay Beyond 2011

Stock Market Report

New bank apponited for U.S. visa fees in Nigeria

Tuesday, February 22, 2011

Jega raises concern over slashed N5bn for voter card printing

SEC, stakeholders plan alternative market as BusinessDay conference holds tomorrow

CBN bars banks from funding politics

Oil hosting communities to get N165bn dividend

Petroleum Industry Bill for passage within weeks

National minimum wagebill passes second reading

Oil Driller Eni at Risk in Libya as Anti-Qaddafi Unrest Spreads

Monday, February 21, 2011

Stalled reforms in focus at Abuja oil summit as power outage disrupts event

New phone subscriptions drop 40% over SIM registration

Helios Investment, Shell in $1 billion acquisition deal

CBN governor rejects IMF advice to devalue naira

Market records upward performance at 0.26% as Nestle plc leads gainers chart

Two Libyan Airforce officers defect to Malta

UK Hague: some information Gaddafi on way to Venezuela

Libya revolt spreads to Tripoli

CBN Governor says naira not over-valued

Libya turmoil boosts oil, restrains equities

Sunday, February 20, 2011

Only energy costs reduction can bring down cement prices - UniCem MD

Oil & gas operators blame industry travails on delayed PIB passage

Private equity firms go for Union Bank, Afribank

CBN, NDIC joint examination rattles banking industry

Olurin not qualified to run for governorship—Ogun PDP

Libya unrest: Scores killed in Benghazi 'massacre'

Dubai Shares Drop as Mideast Unrest Sparks Risk Aversion; Emaar, Zain Fall

Saturday, February 19, 2011

Bears and Bulls battle for supremacy

Bahrain protesters reject royal dialogue offer

Bahrainprotesters reject royal dialogue offer

Friday, February 18, 2011

Libyan troops attempt to put down unrest in east

G20 wrangles over imbalance indicators, inflation

Thursday, February 17, 2011

Senate passes Anti-Terrorism Bill

Airlines may come under pressure to increase crash compensation to $100,000

Analysts recommend Stock Exchange listing for Nigeria Premier League clubs

IMF warns FG on conflicting monetary policy objectives

NSE ASI rebounds as banking stocks look up

West African Stock Exchange, four banks close shop in Cote d’Ivoire

Wednesday, February 16, 2011

Stampede: Jonathan orders special training for security operatives

After a meltdown, UK seeks to push trade with Nigeria

Violent protest rocks Ilorin over abandoned road project

Telecoms overtakes banking, real sector in contribution to growth

Nigerian Stock Exchange Sectoral indices close in red

Ivorian cocoa producers protest against export ban

Appeal Court reinstates ousted Bayelsa Deputy Governor

Nurses join Lagos doctors’ strike

Tuesday, February 15, 2011

Nigeria needs a remaking - Tinubu

2011 elections signpost forced political dynasties

FG dragged to court over Muazu’s appointment

FG broke, can’t meet obligations to contractors, capital projects

Deutsche Boerse Buys NYSE to Create Largest Owner of Exchanges

Pirates take 685 seafarers hostage in Somali, says IMO

Monday, February 14, 2011

Nigeria’s CEOs look to ‘expatriates’ to fill in the skill gap

Wema Bank tops chart at stock market

$1bn recovered from Abacha loot, says Adoke

CBN, NDIC report indicts Bank PHB managing director

Nigerian Stock Market Today

Jonathan picks Dangote, Otedola, Adenuga, as donors for his campaign---names Atiku/Saraki men too

Over 1,800 developers, individuals apply for Abuja land

Sunday, February 13, 2011

Regional battlegrounds in Nigeria elections

Commercial property market upbeat over positive outlook for 2011

Stakeholders question SEC’s recapitalization bid

Analysts accuse govt oil, gas managers of failing the nation

Egyptian military dissolves parliament

Jonathan bemoans Port Harcourt stampede

Saturday, February 12, 2011

FG to award contract for $1.5b Zungeru power project -- Jonathan

Jubilant Egyptians pray as post-Mubarak era dawns

How Hosni Mubarak Got So Rich


Friday, February 11, 2011

Crude Oil Falls to 10-Week Low After Egypt’s Mubarak Resigns

Mubarak resigns, hands power to military

Moubarak resigns, hands power to military

Mubarak steps down as president of Egypt

Egypt unrest sends stock futures lower

Thursday, February 10, 2011

Customs boss backs down from controversial port ‘step-down’ procedure

Why Nigerian Premier League will not attract investors, by analysts

Survival of operators under test as SEC ups capital base by 2,400%

Consumers dispute FG's 4,000mw generation claim

Survival of operators under test as SEC ups Capital base by 2,400 percent


Egypt's Mubarak 'may stand down'

Egypt protests: Hosni Mubarak 'may be stepping down'

INEC registers 63.9 million Nigerians –Jega

Wednesday, February 09, 2011

NCC set to select mobile number portability operator

Fashola replies Jonathan, says ‘his governors are republic of rascals’

Vodacom intensifies Nigeria foray as Telkom weighs exit options

Ogonis block NNPC over Shell’s oil wells

Market Activities: Bearish run continues

Jonathan warns ministers against campaigning outside their zones

Airlines set for showdown with FAAN over fresh order to vacate GAT

Tuesday, February 08, 2011

Iran admits ownership of seized arms

SEC prohibits directors, family members from dealing in their companies’ securities

PDP wants court to vacate order on Olurin candidacy as INEC withdraws Enugu list

Banks unsettled by CBN’s deadline on new structure


Judge Orders Igbinedion to Appear in Court.

INEC withdraws guber list in Enugu

Monday, February 07, 2011

Jonathan to focus on economy, security

CBN’s policy tightening stalls real estate development

SEC set to end ‘one-size-fits-all’ code of corporate governance

Subscribers dump non-GSM telephones

Akpabio flies PDP flag in Akwa Ibom


Protests thwart Egypt authorities

Sunday, February 06, 2011

CBN says banking reform pains temporal

FirstBank partners BusinessDay on Improved Management Education

Nation’s business environment looking up -survey

Rescued banks face losses

Egypt unrest may push oil above $110: Kuwait official

Saturday, February 05, 2011

INEC extends voter registration by two days in 2 Ekiti LGs


Friday, February 04, 2011

FIFA bans Adamu for three years

'Day of departure' rally in Egypt

Protesters in Cairo vow to continue demonstrations

Thursday, February 03, 2011

Nigerian banks M&A talk gaining momentum

300,000 corps members working for INEC will not vote

Oil soars to $103 on deadly Egypt clashes, inflation

Stakeholders move to acquire bank-owned insurance firms

Vodafone Says It Was Instructed to Send Pro-Mubarak Messages to Customers

Egypt's prime minister apologizes and vows probe into violence

Egypt's Opposition Rejects Mubarak Talks, Urges Supporters to Hold Ground

Oil Climbs on Egypt as Stocks Decline; Copper Hits $10,000

Five killed as Egypt protesters come under fire

Shell annual profits double to $18.6bn

Wednesday, February 02, 2011

April polls: Win or lose, I am okay - Jonathan

Jonathan sees oil industry reforms before May

Coca Cola appoints first Nigerian CEO

Questions raised over MoU terms for rescued banks

Jonathan flags-off construction of $850m railway modernization project

Four rescued Nigerian banks close to deals - CBN

U.S. probes BP for gas market manipulation

NNPC releases 37m litres of kerosene to market

Power privatisation: Investors confidence excites BPE

Tuesday, February 01, 2011

Importers start clearing unbanned goods as Customs receives FG's directive …furniture, African textiles remain banned

Telkom’s boardroom crisis may delay exit plan from Multi-Links

Banks endorse forward contract framework for FOREX market

FG shops for new NNPC GMD as Oniwon retires

Egypt Ratings Cut at S&P on Unrest; May Lower Further

Egypt general could be new leader: Islamist

U.N. rights commissioner praises Egypt protesters

Monday, January 31, 2011

‘Sorrow and tears’ as women, female students protest Jos attacks

Brent oil surges above $101 on Egypt uncertainty

CBN, banks head for showdown over customer data update

Investors dump shares to position for rising interest rates