Businessday Nigeria Archive for May 2011

Monday, May 30, 2011

Consumer Protection Council flays airlines over poor services

Finland plans deeper trade relations with Nigeria

Sunday, May 29, 2011

Bank earnings drop 4.17% to N388bn in Q1

Oil marketers fear unstable forex rate will spur fuel scarcity

Undermining reforms will threaten financial system stability, growth - Sanusi

Jonathan promises new thrust to grow economy

India, Russia to help boost democracy in Nigeria

Goodluck Jonathan sworn in as President

Soludo calls for trimming of ministers to 15

High hopes as Jonathan sworn in

Saturday, May 28, 2011

Police beef up security in FCT ahead inauguration

Ohakim's handover to governor-elect faulted

Stakeholders task incoming administration on agric funding

Friday, May 27, 2011

ECOWAS moves to facilitate regional air, marine travel

US to expand business interest in Nigeria

Jonathan signs 2011 budget, NSIA

FG, IOCs guarantee gas supply for 70% of gas needs

Nigeria loses $1.7bn to foreign bribe scams

Transparency International (TI)

Obama announces 2-man delegation to Jonathan inauguration

Thursday, May 26, 2011

MPR hike threatens banks’ loan portfolio, earnings

10 years after, Nigeria fails to tap from AGOA export

How board, management rancour is scuttling Afribank's acquisition

Producers target June to crash cement price

Ministers performing 60% to remain, says Jonathan

ASUU says no going back on planned action

Price of cement will crash mid-June

NPA to expand port facilities for huge cargo inflow

They want me out of government for transparency, says Allison-Maduekwe

Senate president pledges improved legislations for Nigerians

Wednesday, May 25, 2011

Analysts, OPS welcome Jonathan leading economic team

Bank stocks decline on back of MPC decisions

FG delays PHCN sale, fails to approve EoIs

N/Assembly cuts 2011 budget to N4.485trn, raises own by N30bn

NEXIM Bank seeks ADB partnership to boost trade, exports

FG designates Lagos, Abuja airports as entry points for inauguration

Anambra bags EU/UNICEF award

Cabinet may be ready two weeks after inauguration – Jonathan

Tuesday, May 24, 2011

MPC tightens further, raises MPR to 8%

Lawyers fault court judgement on Okereke -Onyiuke

Schools, hospitals, homes lost to N1bn Jonathan inauguration

Outrage greets choice of persons for ministerial jobs

Monday, May 23, 2011

Experts divided on direction of benchmark rate as MPC meeting ends today

Presidency considering overhaul of BPE

Analysts see robust financial year on back of moderated risk

Jonathan leads new economic team after inauguration

FG commits to infant, maternal mortality reduction

CSOs want adoption of harmonised FOI bill

Sunday, May 22, 2011

GE chief points way forward for Nigeria

Again, FG shifts position on Mint

N584bn corporate debt financing tied down in pension assets

Airlines lose N7.2bn to aviation fuel scarcity

Jonathan says privatised public companies performing below expectation

Saturday, May 21, 2011

‘ASUU's crude oil block, long overdue’

Thursday, May 19, 2011

NSE new management unveils agenda

PIB may be passed on Tuesday

Peter Obi constructs over 500 kilometres of roads

Shell Nigeria divestment plan hit by scandal

Strauss-Kahn resigns from IMF post

Wednesday, May 18, 2011

FEC approves N23bn for N/Delta projects

Why Nigeria still fails in competitiveness, by Ezekwesili, WEF

Jonathan meets lawmakers on controversial 2011 budget

AMCON to buy bad loans at punitive prices

EFCC set to probe Bankole over N21.3bn House scandal

Tuesday, May 17, 2011

Renaissance Capital’s ‘Investor Confab’ kicks off today

Work begins on largest fertiliser plant in PH

Power supply attains 4000mw as gas gets to Alaoji NIPP

National Assembly agrees on prudent fiscal regime

NEMA strengthens aeronautic search and rescue

Monday, May 16, 2011

CBN spends $2.2bn defending naira in April

Senate accelerates hearing on PIB as debate resumes

FG issues cement manufacturers ultimatum to crash price

N/Assembly spends N318.2bn to pass 12 bills in 3 years

Akingbola arraigned on alleged fresh theft charges

Sunday, May 15, 2011

Lack of $20m lifeline may stall Amakpe Refinery

Nigeria’s agriculture, solid mineral sector excite foreign investors

Indorama to build $1.8bn world-class fertilizer, methanol plants in Nigeria

Analysts recommend alternative deals for banks’ recapitalisation

IMF head faces charge of criminal sexual act

Saturday, May 14, 2011

Arik Air passengers stranded at Lagos airport

Friday, May 13, 2011

CBN approves N116bn loan package for farmers

OANDO wins bid to explore oil in Gulf of Guinea

Thursday, May 12, 2011

Ministerial nomination splits PDP

Business leaders, top govt officials for Renaissance Capital’s ‘Investor Confab’

World Bank, AfDB mull $2bn bond issue for Diaspora Nigerians

We owe FG N450bn - NNPC

Wednesday, May 11, 2011

Investors shift attention from building homes to shopping malls

Goje, Modibo, Muazu in race for PDP chairmanship

Sovereign wealth fund to check profligacy, say analysts

Demand for cash by legislators play key to unpassed bills

N75.7bn fraud: Court remands ex-works minister, 7 others in Kuje prison

Libya rebels 'capture Misrata airport'

Tuesday, May 10, 2011

BusinessDay, CNBC Nigeria listed for 2011 Diageo award

MainOne opts for bottom pricing as Starcomms splash N1.4 bn on network expansion

Failure of governance is greatest threat to Nigeria’s potential, say CEOs

NB Plc joins beer war with Life, Sona breweries acquisition

FG presents N50m to families of slain NYSC members

Monday, May 09, 2011

Jonathan raises 22-man panel to probe election violence

Harvard Guru: Moss Kanter to headline BusinessDay’s strategy/competitiveness conference

Fears over terrorists’ retaliation raise refunds on US air routes

Banking sector to grow 15% in 2011 on toxic assets clean up

FG to conduct agric census

Sunday, May 08, 2011

Operators differ on level of government intervention in mortgage industry

Analysts back speedy passage of Financial Reporting Council Bill

AMCON intervention yet to stimulate bank lending

Business leaders chart new policy direction for Jonathan

Investors’ market capitalisation rises by N83bn in 4 trading days

Akunyili pleased with Okorocha’s victory in Imo

ERA/FoEN tasks Reps on speedy passage of tobacco control bill

Saturday, May 07, 2011

Okorocha wins Imo governorship

Fraud and fights mar final Imo state election

Friday, May 06, 2011

Osama Bin Laden 'planned 9/11 anniversary train attack'

Thursday, May 05, 2011

PDP in fix as religion becomes issue in political office allocation

FCMB looks to reap benefit from merger with FinBank

How corruption thrived at Exchange, by NSE

CBN to limit interest-rate increases to spur lending

Obasanjo wants African govts to take responsibility for development failures

Police urge public to ignore text message on Osama's death

Fuel scarcity hits Jos

Obama to mark bin Laden's death at ground zero

Wednesday, May 04, 2011

Knocks, kudos greet CBN directive on daily cash withdrawals

Bin Laden: Passengers face more screening, delays at airports

Foreign investment firm contests acquisition of Afribank by Vine Capital

Shell hopeful of balanced petroleum industry law

Main One, Seacom in capacity agreement for internet services

Reps adjourn legislative business to May 11

Pakistan dismayed at U.S. claim it was lax on bin Laden intelligence

Tuesday, May 03, 2011

Jostle for political offices split PDP S/West

N/Assembly starts final consideration of PIB

Nigerians seek number portability in quest for better telecoms service

Presidency, N/Assembly to agree on tighter 2011 budget

Threat of revenge emerges after bin Laden killed

For Many Africans, Bin Laden’s Death was a Long Time Coming

Pakistan says not part of U.S. operation to kill bin Laden

U.S. spies dig into data from bin Laden raid

Swiss freeze $1bn in Gaddafi, Mubarak, Ben Ali assets

Monday, May 02, 2011

Nigeria loses N15bn annually to software piracy

IG, NCAA raise security, as experts call for wider intelligence network

World leaders hail bin Laden death, put security on alert

Jonathan considers reappointing 12 ministers

FG ends airlines’, NCAA battle over 5% ticket charges

Stock futures gain after bin Laden's death

Bin laden killed, buried in Afghanistan

Obama’s Remarks on bin Laden’s Killing

Sunday, May 01, 2011

Elections push major Nigerian airlines’ losses to over N1.5bn

Rescued banks’ staff fret over impending M&A

Successful general polls herald improved liquidity

FG hopeful on PIB passage before May 29

Minimum wage: Fashola wants revenue allocation formula reviewed

'Progressive' politicians meet over future polls

FG deploys 500 million Dollar bonds for growth of small scale businesses