Cold War Over Control Of Stock Exchange...
Investigations have shown that the recent crisis in the Nigerian Stock Exchange (NSE), which led to the removal of its former Director General, Professor Ndi Okereke-Onyiuke, and suspension of Aliko Dangote-led Council was fallout of a protracted corporate war among some powerful individuals in the market over who would control NSE when it is demutualised...

24th August 2010

MDS to build N3b distribution hub...
MDS Logistics, a division of UAC of Nigeria Plc, has unveiled plans to build a N3 billion national distribution hub before the end of the second quarter of 2011. The Divisional Managing Director, Mr. Solomon Aigbavboa, told The Guardian at the weekend that the hub...

CBN rolls out guidelines on power projects ...
The Central Bank of Nigeria (CBN) said companies without strong financial back-up will not be allowed  to promote power projects in the country...

Skye Bank to raise N15 billion through special placement...
The board and management of Skye Bank Plc at the weekend concluded arrangements to raise N15 billion in fresh tier-one capital.
According to the bank, the fund is expected to boost shareholders’ funds by 17 per cent from N88 billion at year-ended December 31, 2009 to N103 billion...