Businessday Nigeria Archive for June 2012

Saturday, June 16, 2012

Innoson Group wins 2012 African Business of the Year Award

Friday, June 15, 2012

Shell Nigeria to sell 3 more onshore blocks

House suspends Farouk over scandal

Outrage over high level fraud in Nigeria’s financial system

SEC crisis to be resolved in three weeks

$620,000 bribe: Farouk Lawan finally in police net

Thursday, June 14, 2012

Telcos agree to pay NCC’s N1.3bn fine for poor quality service

Bello takes over at SEC as commissioners go today

Julius Berger Nigeria buys 90% German Bilfinger Berger

Telcos reach agreement with NCC over fines

Fitch withdraws Rivers' expected ratings

‘Economy open to $300bn investment for 10,000mw of power’

Tougher times ahead for developing countries

Wednesday, June 13, 2012

Clear out expected for SEC’s board

House leaders face hard questions over bribery scandal

Weak confidence, low valuation put IPOs on hold

FG says Nigeria's economy is safe

Dangote targets $40 bn FTSE listing

Capital market indifferent to Oteh's suspension

Naira falls to lowest in six months

NCC seeks judicial restraint against erring Telcos

NCAA grounds Air Nigeria for recertification

Tuesday, June 12, 2012

CBN allays concern over naira stability

NCC seeks judicial restrain against MTN, GLO, Airtel, Etisalat

N700bn still trapped in dubious private placements

Oteh sent on compulsory leave

Arunma Oteh sent on compulsory leave

'I took the bribe' - Farouk Lawan

Monday, June 11, 2012

FG tips UK-based Nigerian to head SWF

Empty FG boards point to dysfunctional govt, say critics

Weak naira holds up CBN’s self-sustaining forex market

Nigeria reaps $9bn from gas exports

Compensation for Dana Air crash victims may be delayed

Fuel Subsidy: Lawan denies bribery allegations

Operators want Abuja airport shutdown

Sunday, June 10, 2012

Banks’ profit to reduce as FG plans domestic debt cut

Government faces challenging revenue targets for 2012

Nigeria, Austria strengthens diplomatic ties

CAGG scores Jonathan high on economic growth

Saturday, June 09, 2012

Experts commend CBN’s N75 billion fund for commencement of NIRSAL

Bi-Courtney has capacity to reconstruct Lagos-Ibadan expressway - spokesman

IPMAN wants petroleum products loading decentralised

Sahara Group pumps first oil,expands trade east

Friday, June 08, 2012

Interbank rates stay high on naira shortage

Nigeria sells N138bn in local debt at higher yields

Dana says it is losing N50m daily

Dana loses N50m per day

Thursday, June 07, 2012

Crashed aircraft was not on ferry flight – Dana

Stakeholders optimistic as FG outlines programme for $256bn agric sector

Contest to fulfil consumers’ retail aspiration grows

CBN works on code to regulate activities of commercial banks

Transcorp heads for highest closing in over a year

NCC to sanction telecoms for non-payment of penalties

Court rules today in Lagos contempt case against PHCN

95% SMEs ignorant of SMEDAN

Wednesday, June 06, 2012

Oil prices climb above $100 to help CBN stabilise naira

Obakpolor heads panel to audit local airlines

Bear run takes N218bn off investors’ portfolio in 5 days

Dana: Dual engine failure, bird strike may have caused crash

Reps to investigate FG's payment of judgment debts

Minister alleges plot by flour millers to kill agric plan

Nigerian insurers to continue consolidations – S&P

Lagos files contempt case against PHCN

Tuesday, June 05, 2012

Minister alleges plan by flour millers to kill agric plan

‘Banks’ flat loan book shows disconnect between credit, GDP growth’

FG grounds Dana Air as regulator gets knocks

Dana Plane Crash: Bodies recovered so far

Dana Airlines lose license

Naira hits 5-1/2 month low

Crash may set stage for probe in airline intervention fund

Monday, June 04, 2012

New gold ETF loses shine as investors bet on equities

Economy loses N18bn FDI to foreigners in telecoms

Dana suspends operations, says crashed plane functional

Dana defends self, says crashed plane was operational

Jonathan visits Dana plane crash site, pledges action

Community leader fingers Mobil in unemployment crisis

Sunday, June 03, 2012

Cost of doing business at ports to drop over new measures

NNPC Ajuonuma, Onwuliri, Damcida, 146 others perish

Full list of victims in Dana Air crash

Some of the victims of crashed Dana Aircraft

Dana air crashes in Lagos

Investment: Nigeria woos Luxemburg

Saturday, June 02, 2012

Commission gives DISCOs 18 months metering deadline

Chief Judge to re-assign FAAN Contempt case

Groups call for suspension of new PHCN tariff regime

Earnings from solid mineral sector will surpass oil – Monye

Court orders evacuation of bunkering vessels

Friday, June 01, 2012

Interbank rates up on CBN liquidity mop-up

Reps seek lodgment of SWF proceeds in local banks

FG set to enhance small, growing businesses access to local, int’l markets

Thursday, May 31, 2012

Investor confidence in power reform up, citizens sceptical

Fashola recalls 788 sacked doctors

Bills threaten CBN role, reforms, say Sanusi, Tinubu