Businessday Nigeria Archive for March 2011

Wednesday, March 30, 2011

Utomi withdraws from presidential race

Nigerian naira firms as oil firms, banks sell dollars

Tuesday, March 29, 2011

Imminent sale of bad loan collaterals unsettles property market

Council of state orders deployment of troops 48 hours to election

Akwa Ibom ACN guber candidate arraigned, denied bail

NESG, IoD to sue N/Assembly over bloated budget

Treason Trial: ACN Governorship Candidate Denied Bail

Nigeria's Oil Refineries working at 30% Capacity Amid Supply Disruption

UK govt lists Yoruba, Igbo languages on census enumeration form

Monday, March 28, 2011

Intercontinental Bank share price in positive response to merger talks

Court restrains Osun REC from conducting April elections

OTC market to provide liquidity for N700bn trapped investor funds

Questions over Shell’s transparency in oil bloc sale

Land of Honey Abuja kicks-off with detailed master plan

Oil Drops for a Third Day in New York Following Victories by Libyan Rebels

Intercontinental Bank Rallies to Two-Week High on Access Merger

Highly radioactive water leaks from Japanese nuclear plant

Sunday, March 27, 2011

BA-30 Index to assist in deepening investor confidence, participation

Nokia seeks to open platform to Nigerian software developers

Microfinance banks squeeze borrowers with 72% lending rates

Promoters tie $12 billion gas supply contract to PIB passage


Saturday, March 26, 2011

Lawyers in Edo to boycott court over kidnapped Chief Registrar

NCC issues ultimatum to telecom operators on poor quality of servicer

NEXIM to provide N9bn to finance solid minerals

Friday, March 25, 2011

Pfizer Drug Tricks Immune System to Shrink Pancreatic Tumors in Research

Nigeria interbank rates rise after CBN rate hike

Thursday, March 24, 2011

Confab x-rays impediments to effective implementation of power policy

‘Buhari, Ribadu, Shekarau, others will boycott presidential debate’

Budget pitches executive against National Assembly

Jonathan sets agenda for ending gas flaring

BusinessDay-Afrinvest 30 Index to help foreign investors trade, monitor portfolios from abroad

NigeriaAwards $2 Billion Gas Plant Contract to Eni, Oando

Wednesday, March 23, 2011

Four dead, 147 cars, 127 Keke NAPEP burnt in Akwa Ibom crisis

Ballot boxes to be serialised to check rigging - INEC

Take-off of OTC market to revolutionise capital market

Aganga warns 2011 budget unworkable

April Polls: FG vows to deal with troublemakers

Tuesday, March 22, 2011

NOI Polls tips Jonathan, Fashola for April elections

African Capital Alliance to invest $750m in Union Bank

CBN surprises markets, fights inflation with 1% rate rise

Profits by banks beat analysts’ expectations

Kano Airport shut down as Nigerian Airforce jet crashes, killing pilot

Three Nigerian rescued banks set to announce deals, says CBN

Monday, March 21, 2011

April poll: I am under pressure to change electoral officers - Jega

Analysts see MPC taking further measures to stabilise naira

Banks set to release 2010 results as 1% waiver dispute is resolved

Distributors, fuel cost, supply driving higher cement price

Nigeria's PPMC issues April gasoline tender: traders

EXIM Corporation to build multi-million dollar houses in Abuja, Lagos

April Poll: Two Election Tribunals for Each State

Sunday, March 20, 2011

DStv squeezes subscribers with high rates

FG targets $10 billion as it unfolds gas agenda for industrialisation

Airlines rip passengers off on flight delays, cancellation, poor services

Analysts predict rates raise as MPC meets

Two suspected bomb carriers die in Jos explosion

Gadhafi vows 'long war' after US, allies strike

Friday, March 18, 2011

Stampede as fire breaks out at Lagos airport

Libya Declares Immediate Ceasefire After No-Fly Resolution

LibyaDeclares Immediate Ceasefire After No-Fly Resolution

FG deploys bomb disposal squad to airports

2011 budget is for job creation – Aganga

Naira tumbles amid political risk, broad flight to safety

Businesses source only 1% of financing from banks

Thursday, March 17, 2011

Pressure on naira tests Nigerian CBN

S.Africa's Telkom close to selling Nigerian Unit

Wednesday, March 16, 2011

Analysts worry over bankers’ romance with politicians

FirstRand to invest N60bn in Sterling Bank

Bomb scare on-board Arik Air, explosion rocks Agip flowstation

N/Assembly raises own budget by 110% to N233bn

Nigeria’s Senate passes N 4.97 trln naira 2011 budget

Auta becomes Federal High Court Acting Chief Judge

400 ANPP supporters defect to LP in Jos

Tuesday, March 15, 2011

High forex demand, sale of govt securities threat to small borrowers - Analysts

PDP moves to review strategies over CPC, ACN growing popularity

Foreign banks plan credit restriction to local lenders

Mark ignores Nigerians, stalls PIB consideration

Market dips by 1.13%, sell volume surges

PIB: Activists block entrance to N/Assembly

Monday, March 14, 2011

Growth must include employment, infrastructure, analysts tell Aganga

BPE invites Omen to revalidate bids for NITEL/M-tel

Beer war heightens as Guinness plans N52bn expansion project

Head-hunters poach top bankers for Afribank

Sunday, March 13, 2011

Growth in GDP vulnerable, unsustainable - Sanusi

Investors chase rescued banks on NSE floor

Companies’ profits, jobs in danger as diesel price hits roof

Politicians lament high cost of campaigns

Japan crisis 'worst since WWII'

Saturday, March 12, 2011

Radiation Leaking From Japan's Quake-Hit Nuclear Reactor

Friday, March 11, 2011

Deaths, tsunamis feared as massive quake hits Japan

Thursday, March 10, 2011

More jobs coming as breweries expand

Delayed oil reforms hit another hurdle

Dangote is Africa’s richest man, says Forbes

Banks resume big lending as Etisalat gets $650m

Nigeriabourse plans to widen trading hours

Etisalat Signs US$650 million Loan with Consortium of Nigerian Banks

Price of cotton increases in Zamfara

Wednesday, March 09, 2011

FG says no foul play in Tuesday’s air accident

OPEC sees no need to meet, supply ample - delegate

NNPC, gas firm disagreement threatens power supply

MTN Nigeria rakes in N749 billion revenues

S.Africa's MTN ups dividend as profit rises 20 pct

Oil back up above $113, Libya effect persists

Census Tribunal strikes out 21 complaints against NPC

Tuesday, March 08, 2011

N815 billion stock market fall blamed on politicians

Senate committee recommends deregulation of downstream sector, others in final PIB report

Plane carrying Ribadu, Adeola, Tinubu, rams into goats at Bauchi airport

Vine Capital moves to inject N60 billion into Afribank

Nigeria will boost oil output if OPEC asks

OPEC mulls boosting output, Iran sees no need

OPEC considers boosting output, no decision yet: Kuwait

Monday, March 07, 2011

NJC begins Katsina-Alu, Salami’s probe

Protesters besiege National Assembly over delay in passage of PIB

Nigeria now has 83m active GSM lines

$2.1bn accrues to Excess Crude Account in seven weeks

New financing framework coming for agricultural sector, says CBN

Obama: NATO weighing military options in Libya crisis

Sunday, March 06, 2011

Crude oil advances to a 29-month high as Libya unrest threatens to spread

Nestle chief warns danger ahead for fresh water over farm land leasing

Industry faces stiffer competition as rescued banks await new owners

Asset value to determine dividend payable to oil communities’

U.N. readies for fresh Libyainflux to Tunisia

More deaths in Lagos, as health workers continue strike

Workers chide NHIS for poor services in Borno

Saturday, March 05, 2011

Nigeria has retained the British government's aid support of one billion pounds under a recent development spending review.

Africa banking set for growth

Libya clashes widen, unrest erupts in Tripoli

Friday, March 04, 2011

Omar re-emerges as NLC president

S.Africa's MTN sees FY profit up as much as 23 pct

Thursday, March 03, 2011

Why Nigerians don’t go to stadium

Ogun PDP primary: Obasanjo floors Daniel

IMF replies CBN, seeks clearly defined monetary policy objectives

Court upholds Olurin as PDP candidate in Ogun

INEC uncover 500,000 double registrants

10 feared dead in bomb blast in Suleja in Niger

NigeriaSat-2, NigeriaSat-X to be launched in May - NASRDA

Wednesday, March 02, 2011

Global stocks fall, oil rises on Middle East fears

Analysts clarify NSE demutualisation process

Hope for low-income earners as new technology delivers affordable houses

NNPC has poorest transparency, say TI, RWI

Halliburton: EFCC gets fresh leave to arraign 5 more accused

Tuesday, March 01, 2011

FG restores OPL 281 field to Transcorp

FG disowns Abba-Aji on FoI Bill

Nigerian cocoa farmers take record earnings on Ivorian crisis

Oil sector executives back power reforms

CBN, NASB face-off stalls banks’ year-end results

Jonathan to privatise federal infrastructure in Lagos

Nigerian oil exports set to rise sharply in April

IMF warns sustained high oil prices would hit growth

NSE goes public mid-year, moves to consolidate achievements

Monday, February 28, 2011

Nigeria’s four refineries made N25bn loss in 2009

Court reinstates Orji as PDP candidate, another strikes out Daniel’s case

Vertex moves for Shell’s OML 40 as oil giant sheds weight