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BP shares down, spill-related legal battles rage

  Reuters On Thursday June 24, 2010, 11:00 pm EDT By Ernest Scheyder VENICE, Louisiana (Reuters) – The Gulf of Mexico oil spill entered its 67th day on Friday with… Read more »

FG sells N80bn in sovereign bonds

Friday, 25 Jun 2010      The Federal Government auctioned N80bn worth of 20-year, five-year and three-year sovereign bonds at its sixth debt auction of the year.   The Debt Management… Read more »

Nigerian airlines struggle under heavy debt burden

  FRIDAY, 25 JUNE 2010 01:17            Nigeria’s airlines owe banks and the government as much as N300 billion ($2 billion) after funding rapid expansion with short-term loans, leaving some… Read more »

May & Baker eyes N40bn international funds

  Jun 24, 2010 By Peter Egwuatu   May and Baker Nigeria Plc has declared its willingness to access the N40 billion international funds, even as it intensify effort to… Read more »

Total, Conoil make fresh oil discovery offshore Nigeria

  FRIDAY, 25 JUNE 2010 BY   Nigeria’s oil production capacity may soon rise courtesy of a fresh discovery of hydrocarbon in the country by Total Exploration and Production Nigeria… Read more »

IMF raises fresh concerns over global economic crunch

  FRIDAY, 25 JUNE 2010 00:00 FROM , ABUJA   The International Monetary Fund (IMF) has warned countries that are not directly affected by the impacts of the global economic… Read more »

At shareholders’ meeting, Ogunbanjo tasks govt on power supply

  FRIDAY, 25 JUNE 2010  BY   Elder statesman, Dr. Christopher Ogunbanjo, has decried the country’s lingering poor power supply situation, saying the trend would continually impact negatively on the… Read more »

House Demands New Revenue Allocation Formula

  From in Abuja, 06.25.2010    The House of Representatives yesterday demanded from President Goodluck Jonathan a new revenue allocation formula because the existing formula for the disbursement of revenue… Read more »

FG, CBN to Lose N878bn in Purchased Banks’ Assets

  From Kunle Akogun in Abuja and Emele Onu in Lagos, 06.25.2010   The Federal Government and the Central Bank of Nigeria (CBN) are to lose an estimated N878 billion… Read more »

Financial Reporting: Diamond Bank Institutes Award

  06.25.2010    Diamond Bank has instituted Award to promote excellence in financial reporting in Nigeria.       The first Award ceremony is billed to hold before the end of… Read more »