Wednesday 8th September, 2010
Militants Free Hundreds in Attack on Prison
Suspected members of an Islamist sect have raided a prison in northern Nigeria, freeing 732 inmates, including members of the extremist group. The majority of the facility's 762 prisoners escaped, wi...
Nigeria's president announces new security leaders
The move cements President Goodluck Jonathan's control over powerful institutions in the run-up to next year's election.On Wednesday, Jonathan's office said he had replaced the leaders of the country'...
Nigerian Election: President Says He Will Run
Nigeria president Goodluck Jonathan, front, on his arrival at Entebbe International Airport Uganda for the African summit, 23 Jul 2010 (file photo)
NSE approves Dangote Cement listing at N135 per share
Business DayThe Nigerian Stock Exchange (NSE) yesterday gave approval for the merger of Dangote Cement Plc and Benue Cement Company Plc (BCC), confirming BusinessDay exclusive report on the deal. A release from ...
INEC releases election timetable
Business DayThe Independent National Electoral Commission (INEC) yesterday released the timetable for the 2011 general elections with the presidential and governorship polls fixed for January 22 and 29 respective...
Mixed reactions trail appointment of Belgore, Obi, others to AMCON board
Business DayFinancial market stakeholders have expressed mixed reactions over the nominations for the chairman, managing director and executive directors of the Asset Management Corporation (AMCON) by the Ministr...
NSE sanctions 54 erring companies
Business DayThe council of the Nigerian Stock Exchange (NSE) on Tuesday, ostensibly in an effort to restore investor confidence, sanctioned 54 quoted companies, placing some on full suspension, technical suspensi...
Halliburton scam: FG stalls trial of Obasanjo’s aide, others
Business DayThe Federal Government on Tuesday stalled the trial of a former personal assistant to ex-President Olusegun Obasanjo, Adeyanju Bodunde, and five others for alleged complicity in the $180 million Halli...
Nigerian Facebook generation gears up to monitor 2011 polls
Business DayTech-savvy young Nigerians are gearing up to use BlackBerries, mobile phones and social networking services such as Twitter and Facebook to monitor polls in January, in an effort to stamp out electora...
TUC tasks Jonathan on infrastructure, security, power
Business DayThe leadership of Trade Union Congress (TUC) has called on President Goodluck Jonathan to urgently address the dilapidating infrastructure including power and beef up security across the country with ...
Jonathan, PDP governors meet over 2011 elections
Business DayPresident Goodluck Jonathan last night held closed door meeting with governors of the Peoples Democratic Party (PDP) at House 7, inside the Presidential Villa, Abuja, to resolve all differences that m...
2011: PDP welcomes INEC timetable as progressives meet next week
Business DayFollowing the timetable for 2011 general elections released on Tuesday, the ruling Peoples Democratic Party (PDP) will next week release guidelines for its primary election for the 2011 election.
NigeriaPepsi franchise pre-tax profit up 19 pct
Business DayNigerian Pepsi franchise Seven-Up (7UP.LG) said on Monday its pre-tax profit rose 19 percent to 2.64 billion naira ($17.6 mln) in the full year to March 2010. Turnover grew 18 percent to 41.07 bill...
Nigerian prison attack frees 800 inmates
CBC NewsAbout 800 inmates escaped a federal prison holding Muslim extremists in northern Nigeria during a sunset attack by gunmen who are believed to be members of a radical sect, a police official said Wedne...
Gunmen free 800 from Nigeria prison
C NewsKADUNA, Nigeria - Heavily armed gunmen attacked a prison in the central Nigerian city of Bauchi late on Tuesday, freeing as many as 800 inmates including suspected members of a militant Islamic sect, ...
Sect members escape Nigeria jail
BBCAt least 700 prisoners have escaped during an attack on a jail in northern Nigeria, including members of a militant Islamist sect. Police said four people died in gunfire after members of the Boko Ha...
Nigerian bourse suspends shares in 15 firms
ReutersLAGOS, Sept 8 (Reuters) - The Nigerian Stock Exchange (NSE) said on Wednesday it had suspended the shares of 15 companies and frozen price movements on 28 others for failing to submit financial rep...
STOCKS NEWS AFRICA-Nigeria's Benue Cement rises on merger plans
ReutersQuote ) soars almost five percent in anticipation it will fuse its operations with parent firm Dangote Cement to form a new listed entity. [ID:nLDE687167]
UPDATE 1-Dangote Cement to be Nigeria's biggest listed firm
ReutersLAGOS, Sept 8 (Reuters) - Nigeria's biggest cement maker Dangote Cement will list on the stock exchange on Nov. 5 after a planned merger with Benue Cement, creating the country's largest company by...
Cadbury Nigeria sees 633 mln Q4 pre-tax profit
ReutersQuote ) said on Wednesday it expected a pre-tax profit of 633.3 million naira ($4.2 million) in the fourth quarter, on turnover of 7.68 billion naira.
Nigeria 2011 spending capped at $30 bln - fin min
ReutersABUJA, Sept 8 (Reuters) - Nigeria's budget spending for next year will be capped at 4.56 trillion naira ($30 billion) as government seeks to reduce expenditure over the next three years, Finance Mi...
EFCC Docks Four Ex-NFF Officials Over N1.5 Billion Fraud
All AfricaAbuja — The Economic and Financial Crimes yesterday arraigned four former board members of the Nigerian Football Federation(NFF), over a N1.5billion fraud. The quartet, Sani Lulu Abdullahi, Ama...
Of Balewa, Mbu And Fani-Kayode
All AfricaBut Chief Mbu's assertion that late Prime Minister Tafawa Balewa died of asthma is a clear case of standing the truth on its head. How could the late Balewa have died of asthma when his mutilated and ...
Banker in Court Over N2.5 Million Theft
All AfricaAn official of Intercontinental Bank was yesterday arraigned before an Abuja Magistrate Court for allegedly stealing N2.5 million belonging to the bank's branch at Durumi. Obaji Ikechukwu was accused...
Three Burnt to Death in Auto Crash
All AfricaTHREE persons were in the wee hours of Monday burnt to death in a fatal motor accident that occurred at Toto Bridge, near Abaji.A witness said the accident occurred when a Kerosene tanker lost control...
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