Businessday Nigeria Archive for March 2012

Friday, March 30, 2012

FADAMA III gives jobs to 33,991 youths in Anambra

Tax defaulters run for cover, FIRS comes

Thursday, March 29, 2012

Banks, customers take evasive steps on cashless policy charges

Nigeria in line to benefit in Protea’s N20bn African expansion

Traditional markets under pressure from big retail stores

Preparing businesses for data boom – Oracle VP

MTN stocks sink as Turkcell sues for damages

Contempt charges hang over FAAN in concession deal

Shares in Stanbic falls on lower profit

Senate probes discriminatory fares by foreign airlines

Naira falls to lowest in two weeks

Nigeria sells N100bn worth of bonds

Africa Finance may get stake in Kenya’s Athi River

Wednesday, March 28, 2012

AMCON refinancing to test bond market depth, boost banks’ liquidity

Private sector faces fresh threat on rising domestic debt

Advertisers happy with BussinessDay product offering

NSE turnover drops by 37.5%

Naira falls on surge in fx demand

Reps to investigate FG withdrawals from stabilisation account

Okonjo-Iwela promises world youths jobs if selected

Keystone Bank promotes 995 staff

Presco jumps the highest in 6 months

Tuesday, March 27, 2012

Taxes high in Nigerian air ticket pricing

FG set to keep 49% interest of privatised DISCOs

Naira weakens first time in three days

Capital market to resume hearing on April 10

Dividend plan for UAC of Nigeria disappoints

Waziri refuses to let go of EFCC properties

Nigeria to provide more incentives for investors – Jonathan

Fitch grades Nigeria’s Debt Capital Market

Bank directors poorly paid in Nigeria-FITC

Monday, March 26, 2012

Ogun woos investors with easy land acquisition

EFCC receives dossier on N2bn pension racket

New board for SEC amid internal squabbles, market anxiety

African Union back Okonjo-Iweala for World Bank presidency

Nigeria to increase crude oil exports in May

Yearning for ‘Corporate Rescue’ in Nigeria

Lafarge Cement Wapco advances after jump in full-year profit

Power supply worsens as generation from Egbin plant drops

Sunday, March 25, 2012

‘FAAN’s action against Maevis scares investors

SEC probe may damage investor confidence say analysts

Analysts confirm Access ‘Tier 1’ bank on 2011 financials

Fresh pressure on FG to hands off refinery ownership

Nigeria woos UK Investment Community

Customs target zero-hour cargo clearance

Saturday, March 24, 2012

Okonjo-Iweala amongst top 3 for World Bank job

Friday, March 23, 2012

Customs intercepts army uniforms, contrabands worth N43.8m

Okonjo-Iweala will represent Africa's candidacy at World Bank

EFCC may begin grilling Hembe and Oteh today

Reps, concessionaires blame NPA for problems at the ports

FG revisits salary structure with Committee

Thursday, March 22, 2012

Corporate Lagos tasks Fashola on conducive business environment

African finance ministers may announce Okonjo-Iweala for World Bank job today

Banks’ shady deals with govt officials unsettle industry

GTBank gains most in five weeks

Reps to continue SEC probe despite bribery scandal

Naira falls first day in four

Dangote awaits judgement day

Nigerians to eat more Asian rice

Nigeria to drive growth in non-oil sector

Wednesday, March 21, 2012

Foreign airlines rip-off Nigerians N3.8bn in 128 days

Emerging nations nominate Okonjo-Iweala, Colombian for World Bank president post

Senate says Maina lied about submitting back-up documents

NSE market capitalisation grows by N19bn

Budget submitted by House to SEC

Why CBN introduced cashless policy - Atteh

Fidelity, Nigerdock others partner on local content development

Proof that House asked SEC for money

Tuesday, March 20, 2012

SEC says Oteh never consumed meal worth N850,000

How Maina, others squandered police pension fund

NSE CEO dismisses snubbing House Committee over ongoing public hearing

Jonathan orders MDAs to hook up to NigComSat-1R

Hembe resigns

Hembe may lose job

BusinessDay Readers seek justice in Pension probe

Monday, March 19, 2012

Oil expatriates in Nigeria highest paid in the world

KPMG forensic audit details how Maina, others move N24bn pension money in banks

Interest rate seen dipping as inflation defies projection

Lekoil CEO speaks on opportunities in Nigeria (part 1)

Kainji dam back to work

Oil expats earn highest in Nigeria

CBN begins sale of $75,000 to BDCs

Sunday, March 18, 2012

Capital market hearing: an absurd comedy?

Boko Haram insurgence crashes property prices in the North

N15bn excess cash paid to police pension office

Jobseekers get N4.3 million refund

Saturday, March 17, 2012

Dam shut down casts a shadow on business activities

Friday, March 16, 2012

No compensation for deported Nigerians – S’Africa

President Jonathan commissions first local content project

No price tag on NITEL/Mtel yet – BPE

Tax may drive network providers away

Interbank rates up on NNPC, NDIC withdrawals

Thursday, March 15, 2012

Police investigate Maina, pension czar over fraud

New Gold ETF up 8.9 percent, YTD out-performs NSE

SEC DG stuns Reps’ committee with N39m ‘bribe’ accusation

Oteh fires back at her accusers

‘Why Nigeria cannot produce fresh milk now’

Will petrol price increase in April ?

FCMB loss knocks share price

Cameroon refuse allocation of land to Dangote cement

Bill to prevent strikes anger NLC

Wednesday, March 14, 2012

FG orders probe into police helicopter crash

Outrage greets Reps tirade against SEC leadership

ICPC boss, Oyakhilome listed as beneficiaries of pension trips

Foreign ship owners got $22.5bn from Nigeria in 4 years

CBN sells $150mn at WDAS

Youths refuse job offers in the North

Bill to prevent strikes hover

FG seeks to improve Nigeria’s trade ranking

NLC seals MTN call centre in Jos

Electricity supply impact survey

Bill to prevent strike hovers

Tuesday, March 13, 2012

Insecurity forcing youths to resign, turn down job offers in the North

Economy grew 7.68% in Q4 2011 - NBS

How police pension biometric officials shared their loot

Dangote Sugar stock is undervalued- Experts

NSE DG to appear before Reps or be arrested

Julius Berger Nigeria gains fourth day

Nigeria GDP growth rises

Monday, March 12, 2012

Demand differentials, others spur vacancy rate in commercial properties

High costs dwarf profits of food manufacturers

How N130m pension fund was looted in one day

Nigeria Agric-business investment forum holds in Washington

Guinness Nigeria reaches 10-Week high

Former OPEC Ministers establish Energy Consulting Group

Naira falls on higher fuel import demand

Nigeria’s rice consumption to jump to 35m metric tons by 2050

SEC approves NSE new listing rules

Sunday, March 11, 2012

Cash-lite Lagos: Manufacturers press CBN for infrastructure audit before implementation

Petrol demand falls 20% on partial subsidy removal

Nigerian banks begin sale of assets in US, Europe, Africa

Nigerian aviation industry loses billions to foreign firms

Saturday, March 10, 2012

EFCC appoints new director of operations

Jonathan writes British and Italian Prime Ministers

CBN wants more women in bank management levels

Friday, March 09, 2012

Federal government approves fund to support five million farmers

WAMCO receives N4bn Insurance claims

Zenith bank reports full year results ahead of performance targets

LCC begins tolling at Conservation Plaza on Eti-osa Toll Road

Nigeria auctions N150bn T.bills with 364-day yield rise

Thursday, March 08, 2012

Consumers seek more shops as modern retail deepens in Nigeria

Family, friends bid farewell to accomplished banker, Osaze Osifo

Maina, pension czar, lodged N88bn in brothers account

AMCON is not selling any bank...yet

Dangote fortune drops in new Forbes ranking

Okonjo-Iweala sues Pointblank News for N10bn

Shortlisting begins for World Bank presidency

Oil corruption exposed by recent audits

Our focus is global, I always think global’

Wednesday, March 07, 2012

MTN Nigeria to spend $1.3bn on expansion

NERC clears way for States, Discos to generate, distribute electricity

Maina, pension czar, smuggled 44,320 names into pay roll

Fuel subsidy creates raise in revenue

NNPC attributes fuel scarcity to activities of Customs, Navy

Naira weakens for second day, reversing earlier gains

NLC wants National Assembly to release report on oil subsidy probe

Pension fraud perpetuated in accountant-general’s office

FG promises tough measures over deportation, maltreatment of Nigerians

Tuesday, March 06, 2012

Pension fraud perpetuated in accountant-general’s officea

Credit growth masks poor access to funding by SMEs

Bank conspiracy threatens Health Insurance Scheme

Guinness Nigeria capacity expansion hits N55 billion

Naira continues on to decline against the dollar

Lafarge plans to increase cement production in West Africa

Aviation fuel scarcity causes Airlines to ground more flights

FG may reciprocate deportation of Nigerians from South Africa

Fitch revises Akwa Ibom State's outlook to positive

Monday, March 05, 2012

Trade minister meets stakeholders over export grant

Mark wants agencies to investigate, punish pension fraudsters

FG in fight against corruption with single account project

Lafarge Wapco gains based on higher dividend speculations

Experts praise Jonathan for passing new tax act

Naira gains vs dollar on the interbank market

Reps summon minister over deportation of Nigerians from South Africa

Nigeria's Security Challenges not a deterrent- P&G's CEO

FG condemns deportation of 125 Nigerians from South Africa

Pension Fund Administrators in new wave of mergers, acquisition

Sunday, March 04, 2012

Banks adopt fresh strategy to face competition, new operational license

Pension Fund Administrators in new wave of mergers, acquisitio

Nigerian airlines face test as regional low-fare airline nears

Saturday, March 03, 2012

Guiness Nigeria hires new directors

Friday, March 02, 2012

Transactions on the floor of NSE appreciate by N125bn

Dollar rises to 9-month high against the Yen

Why we can’t build refinery in Nigeria, by Shell

Final call for a very good investment banker

NSE to be demutualised in second quarter

Why Nigeria needs to develop fixed-line infrastructure, by NCC

Thursday, March 01, 2012

Reps reduce state governments’ power, grant financial autonomy to LGAs

Nollywood produces largest films globally worth N522bn

FG moves to liquidate NITEL/MTEL after failed privatisation bids

Osaze Osifo, FBN Capital MD is dead

Dangote assures Nigeria on cement availability

FG securities offer opportunities for real returns

African markets provide upside for fund managers

African Central bank on the way

Contradicting numbers trail cut in number of fuel importers

Wednesday, February 29, 2012

Forex reserves down to $34.7bn by Feb. 27

S/Africa’s Nedbank goes for 20% stake in Ecobank

AMCON bites, takes over oil firm’s properties

Nigeria’s banking system has made progress, says S&P

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