Businessday Nigeria Archive for April 2011

Friday, April 29, 2011



Nigeria sells N77 bn naira in treasury bills

Yakowa heading for victory in Kaduna State.

Prince William marries Kate

Thursday, April 28, 2011

Why I remain NSE council member – Ikazoboh

Wind of Change

Oil exports to reach six-month high in June

Nigerians voted for candidates, not parties

Governorship election results jolt PDP

CBN pegs daily cash withdrawal

President Jonathan goes on Obudu retreat

Uduaghan, Aliu Babangida and Suntai win governorship elections in Delta, Niger and Taraba States

Police, Soldiers Watch Over Kaduna, Bauchi Elections Thursday

Nigerian oil exports to hit six-month high in June

Bauchi, Kaduna hold elections amidst tight security

Tight security attends Kaduna, Bauchi, governorship elections

Uduaghan, Muazu and Suntai win governorship elections in Delta, Niger and Taraba States

Wednesday, April 27, 2011

Miffed FG summons aviation fuel marketers over high prices

The Fashola Phenomenon

Uncertainties trail M & A talks over last batch of rescued banks

Ahmed, Al-Makura, Lamido Amosun, emerge governors

Fashola wins by landslide in Lagos

Fashola retains Lagos Governorship

Gbenga Daniel congratulates Amosun

PDP wins Kwara

ACN wins in Lagos Governorship, Successes in Ekiti, Oyo, Ogun


Chime wins governorship election in Enugu State

Tuesday, April 26, 2011

FG may declare state of emergency in Bauchi, Kaduna

Indian firm, FG in talks for shipbuilding JV in Nigeria

Fashola, Amosun, Amaechi, Okorocha in early lead

Gubernatorial polls peaceful, turnout of voters low


ACN/Gov Fashola in the lead in Lagos, as results trickle in

Police recover bombs in Delta

Jonathan considers state of emergencyin Kaduna, Bauchi

Elections: Heavy security presence recorded in states

Mixed grill at governorship poll in Oyo State

NYSC members ignore calls to abandon election duty, others suspend boycott threat

Monday, April 25, 2011

Analysts say PIB passage crucial to property market recovery

Nigerian, American investors commit multi-million dollar to form new airline

Insurance sector accounts for less than 2% of equity market capitalisation

PDP faces tough election fight to retain states

Nigeria’s Youth Service Scheme Faces Mounting Opposition

Maiduguri Blasts Kill 3, Wound 14

Governorship Election: Lagos Police Promise Tight security

Gunmen attack Adegbenro, Ogun PPN chieftain

Sunday, April 24, 2011

NEMA, ASEMA to distribute N6m relief materials to displaced persons in Onitsha

More people desert high brow property as illiquidity persists

Cybercafé patronage drops as Nigerians opt for individual subscription

Voter apathy, security threaten gubernatorial polls

Don’t judge PDP by Gbenga Daniel’s performance, says Obasanjo


Saturday, April 23, 2011

Mixed feelings greet guber poll shift

Bauchi Govt. to compensate the victims of post- election violence

Friday, April 22, 2011

Governors Forum emphasises the need for effective utilisation of security votes


Sanusi Named One Of 100 World’s Most Influential Persons

Thursday, April 21, 2011

BoI set to fund Notore’s N38.2bn new fertilizer plants

N15bn annual capital flight from advert production worries experts

Exchange records largest bond issuance as AMCON lists N1.67trn

Akwa Ibom, Kaduna, Oyo: ‘hot spots’ for gubernatorial poll

Nigeria loses $2 trillion annually to foreign ship owners - association

AMCON lists 1.675 trln naira bonds

Wednesday, April 20, 2011

NAICOM issues regulation notice on financial reporting

Police arrest 450 after deadly riots in Kano, Kaduna

NSE looks to telecoms, oil, agric to deepen stock market

Jonathan vows to defend rights of every citizen

Police arrest rioters in Kano

NSE:market indices slide by 0.23 per cent

CBN backs establishment of Nigerian International Financial Centre

Police in Delta strengthen security in Hausa community

Tuesday, April 19, 2011

Economists task Jonathan on economy, say decisive action needed now

Fear grips PDP states won by CPC in presidential poll

Peace returning to north as FG suspends minister over ‘lapses’

Positive signals from Nigeria’s Eurobonds, Fitch over polls

Post election crisis: FG deploys 200 anti-riot mobile policemen to Kaduna

30 feared dead in Kano riot

Monday, April 18, 2011

Why we made N11bn risk asset provisioning, FirstBank

Credible presidential poll to boost investor confidence, institutional credentials – Analysts

INEC declares Jonathan winner

Kaduna under curfew

INEC declares Jonathan winner of Presidential Election

Arewa Youth Forum, decries riots over presidential poll

Rampage in Kano, Kaduna over presidential election

Presidential poll: Youths burn Sambo's house

Sunday, April 17, 2011

IMF urges budget caution in Africa’s vote-heavy 2011

Private equity funds drive investment into Nigeria

Electricity, jobs, security major challenges for Jonathan

Presidential Election: Jonathan leading in 23states, see results

Jonathan takes early lead as votes tallied

Saturday, April 16, 2011

Tinubu, Okotie, Bakare rate presidential poll impressive

Jega moves to INEC institute later Saturday for results—voting smooth amidst large crowd

Ibori in UK court on graft charges, remanded in proson custody

Abuja records large turnout of voters—accreditation without hitches--Amos Sawyer rates process high

Nigerians turn out in force for presidential vote

Abujarecords large turnout of voters—accreditation without hitches--Amos Sawyer rates process high

Presidential poll starts in peaceful, orderly manner

Explosion hits police station in Maiduguri.

Ibori charged in London

Thursday, April 14, 2011

Anxiety mounts as CBN begins check on MFBs’ books

FirstBank triples pre-tax profit for 2010

Split opposition plays into Jonathan’s hands

South Africa’s FirstRand may buy control of Nigeria's Sterling Bank

Politics to keep pressure on naira

No sign of global economy stalling this year

Jega directs presiding officers to paste election results at polling units

Wednesday, April 13, 2011

Election lifts oil, gas investment outlook

FG to shortlist power bidders within weeks

Alliance talks between ACN, CPC collapse

Kerosene scarcity persists...

Presidential Polls :89 tons of ballot papers arrive Lagos Airport

Nigeriaranks 104 in global technology usage- Report

Clean sweep as BusinessDay wins Citi-journalistic excellence award

Tuesday, April 12, 2011

Analysts send ‘buy’ signal to foreign investors for cheap bank stocks

Property prices fall as developers encourage demand for home ownership

Clean sweep as BusinessDay wins Citi-journalistic excllence award

Sanusi admits capital flight as Naira slide continues

FG to encourage large scale rice production in Nigeria

Nigeria’s Exchange Rate to Stay Within 3% Band, Central Bank Governor Says

Monday, April 11, 2011

Nigeria's Sterling Bank swings to 2010 profit

Abidjan celebrates Gbagbo's fall

US, Nigerians commend INEC over N/Assembly polls

Abidjan celebrates as pro-Ouattara troops smoke out Gbagbo

ECA rises to $6.9bn as FG, states, LGAs share N424.6bn

Investors react positively to elections outcome

Sunday, April 10, 2011

Analysts see further consolidation in telecom sector as CDMAs fight to survive

Polls show Nigerians’ quest for true democracy, says Jonathan

Nigerians want new legislators to pass PIB, unclaimed dividend Bill

N/Assembly to witness change as PDP majority shrinks

Lagos State Election results

ACN sweeps senatorial, House of Reps seats in Osun

TABLE-Nigerian election results declared by 1550 GMT

Saturday, April 09, 2011

Jega raises alarm over presidential election---accuses politicians of plot to undermine INEC

Vote counting begins after parliamentary polls

NCAA may ground Arik, Aero, Chanchangi, Air Nigeria’s Boeing fleet over crack defect

Turn out is about 75 per cent---Jega


Blast at polling station near Maiduguri Nigeria

NASS POLL: Process smooth in Abuja---less complaints

Nigerians vote amid tight security after violence

FG to compensate families of election blast victims

Friday, April 08, 2011

INEC begins to distribute result sheets in Enugu

Sanusi Says Nigerian Banks Must Increase Lending to Farmers to 5% of Loans

Jonathan remains clear favourite for presidency say latest polls

Thursday, April 07, 2011

Local content Act not to nationalise foreign oil firms’ assets - FG

Multi-million naira aircraft tracker raises safety bar

More bank mergers predicted as response to emergent ‘big six’

INEC shifts polls in 15 senatorial districts, 48 federal constituencies

Jega Shifts N/Assembly election in 15 senatorial districts, 48 federal constituencies,

Top U.S. envoy to observe Nigeria elections

Quake shakes northeastern Japan, tsunami warning

Wednesday, April 06, 2011

INEC optimistic on delayed poll

$2.5bn Imo refinery sees FG’s approval soon

AMCON sells N20.7 billion of bonds priced at 11.8 percent

FG relinquishes 70% equity stake in power firms

6 political parties step down for ACPN in Kwara

Tuesday, April 05, 2011

Afribank confirms MoU deal with Vine Capital

Only 20 Senators passed bill to exempt military from pension scheme

Rescued banks get reprieve as AMCON lists N1.7trn bond today

Botched elections: PDP denies pressuring Jega

Monday, April 04, 2011

Court grants NSE’s request to be joined in Okereke-Onyiuke suit

Nigeria telcos earn N1.34trn in 2010

FG targets 70% private sector power generation; IPPs to produce 6,000mw

Businesses lose N71bn to botched N/Assembly polls

With short video, Obama launches bid for re-election

Failed polls: Shake-up soon at INEC

NSE CEO, Onyema, resumes

Sunday, April 03, 2011

Visafone acquires Multi-Links telephony network

Sale of DisCos will be fair, transparent, says BPE

High operating costs force banks’ earnings down

Wobbly INEC looks to restart Nigeria’s costliest elections

Again, INEC sets new dates for elections postpone

INEC races to get aborted elections back on track

Saturday, April 02, 2011

Postponement: Opposition call for Jega’s resignation

INEC postpones election in some states

INEC postpones National Assembly poll in FCT, Delta State, for non-arrival of senatorial ballot papers

Friday, April 01, 2011

Jega tasks politicians on good conduct during elections

Looking beyond election uncertainty

Flights restricted during election period

Police arraign 41 ACN supporters on treasonable felony

Thursday, March 31, 2011

NERC pushes for extension of subsidies as new tariff comes on stream

‘Hike in interest rates renders investments in real estate unprofitable’

Credible vote key to Nigeria’s diplomatic standing - Envoys

Analysts doubt PDP will retain majority National Assembly