Obasanjo, Gusau, Imoke, six others behind ALSCON privatisation imbroglio

The ALSCON controversy cannot be explained without mentioning the nine names

Reflections on the last twelve months, By Ifeanyi Uddin

An eventful year ends, much as it began — inauspiciously. Which is sad! For we recall the immediate past not so much for how well off we have turned out (though, arguably, the past twelve months had moments that, had the brave been sufficiently persuaded to try, held out the promise of real redemption). Instead, […]

Ships fuel laden

Palm oil filled ship, 80 others expected in Lagos ports in two weeks

The items in the ship reveal dependence on imported products.

Naira remains relatively stable despite close of official auction

Naira traded at about N158.50 to the dollar as at Thursday.

Fuel scarcity spreads nationwide

NNPC assures Nigerians of adequate fuel supply

Despite long queues at fuel station, NNPC says there will be adequate supply of fuel.


Mobile payment, online transactions to face higher fraud in 2013 – Report

The report said mobile payments, on-line transactions and others face more risk of fraud.

Domestic Terminal, Murtala Muhammed Airport, Lagos

Six years after, domestic wing of Lagos airport gets airfield lighting

The domestic wing of the Murtala Muhammed  Airport, Ikeja, came alive on Tuesday, as the Nigerian Airspace Management Agency (NAMA) successfully deployed the emergency airfield lighting on its runway. The equipment was deployed on the popular 2.7 km runway  ’18 Left’. Supo Atobatele, the General Manager (Public Affairs) of NAMA, announced this to Aviation Correspondents in […]

Mining site used to illustrate the story.

How Nigeria loses billions in solid mineral sector- NEITI report

More that 70 per cent of mining companies in Nigeria are inactive.

INVESTIGATION: Lagos tax agency in secret operations, protects tax evaders

The LIRS said it will not provide details of tax evaders

Nigerian Stock Exchange Trading floor [Photo:]

Nigeria Stock Exchange undertakes year-end review of Market Indices

The Nigeria Stock Exchange does the review twice a year.

Nigerian Stock Exchange Trading floor [Photo:]

Nigerian Stock Exchange closes for yuletide season

The Nigerian Stock Exchange will re-open on Thursday.


November Inflation Numbers, What Significance? By Ifeanyi Uddin

Consumer price indices for November (released last week by the National Bureau of Statistics – NBS) confirm what every housewife/home maker in the country has known for sometime now. Rising food prices, to the extent that these reduce disposable income, are hurting households’ welfare. The choices are easier as you move up the social ladder: […]

Finance Minister, Ngozi Okonjo-Iweala

300 jostle for “Chief Investment Officer” of $1bn Sovereign Wealth Fund

There is a scramble for the post of Chief Investment Officer of the Sovereign Wealth Fund.

Nigeria House of Representatives pass 2013 budget

The House of Reps increased the budget by N61.6 billion

Bank atm-001

56m Nigerian adults have never had bank accounts, transactions – Survey

The survey showed that about only about 28.6mn Nigerian adults have bank accounts.

Segun Aganga

Qatar to invests $390m in Nigeria’s transport sector, says Minister Aganga

Qatar, a tiny Middle east country bordering the Persian Gulf and Saudi Arabia, has expressed interest to invest 390 million dollars in Nigeria’s transport sector in 2013. Olusegun Aganga, the Minister of Trade and Investment, who disclosed this on Tuesday in Abuja, said the two countries had concluded arrangements to sign a memorandum of understanding (MoU) on the […]

Former CBN governor warns against sharing excess crude revenue

The excess crude revenue should be left for the rainy days, a former CBN governor said.

NNPC accuses Total of blackmail over Egina oil field project contract

The NNPC said Total and other international oil companies cannot stampede it.


Nigeria’s inflation rate up 0.6% in November – Statistics Bureau

The Statistics Bureau said inflation in Nigeria was higher in November than October.

Features of good cities By Mayowa Afolabi

“Sustainable planning and a planned city are fundamental to achieving the all other characteristics of a good city.”

Improving Nigeria’s public sector accounting standards By Peter Onwubuariri

IPSAS can help fight corruption if utilised appropriately.

SEC wants independent body to manage unclaimed dividends

The SEC wants a neutral body to manage the unclaimed dividends.

NEXIM commits N2.5 billion to solid mineral sector development

Nigeria’s solid mineral sector is under-exploited.

SEC approves IFC’s N100bn bond for development

SEC will raise local denominated bonds worth N100 billion

Crude Oil theft, others reduce money shared by governments to N573bn in November

More money was shared by the three tiers of government in October than November.