Dr Rilwanu Lukman, Minister of Petroleum Resources, said in Vienna on Tuesday that OPEC was considering new, cleaner and greener options of developing the hydrocarbon resources in member-states. He said the new approach was a direct response to the demands of green technology in oil and gas development to save the environment from further harm occasioned by the new climate change deal..

The Nigerian Stock Exchange (NSE), Wednesday, admitted to its Daily Official List, GTBank Plc’s N13.17 billion bonds, recently issued through a book building process.

The management of Union Bank of Nigeria Plc has said that the bank’s participation at the 2010 Enugu International Trade Fair would boost economic recovery of small and medium enterprises, agro allied companies and all categories of farmers as it is poised to offer full financial advisory services tailored to meet customers’ specific needs.

DN Tyre and Rubber Plc has reiterated its commitment to ensuring its survival and quick return to profitability.Speaking at a forum in Lagos, Dr. Kolapo Popoola, Director, Tyre Division of the company noted that the company is currently holding talks with the federal government to ensure that all the challenges confronting the company are addressed.

Deutsche Bank AG, JP Morgan Chase & Co., UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were charged with fraud linked to the sale of derivatives to the City of Milan.

By Austin Ogwuda ASABA—Delta State House of Assembly yesterday passed a resolution urging Acting President Goodluck Jonathan to commence, as a matter of urgency, the implementation of the post-amnesty programme to bring succour to the people of the Niger Delta. The resolution followed a matter of urgent public importance brought before the House by the […]

By Emeka Aginam A Federal High Court sitting in Abuja yesterday,  granted judgement in favour of  the Fixed Wireless Phone Operator, Mobitel Nigeria Limited , the winner of the  2.3GHZ license  that was  cancelled by the presidency last year following protest from the Minister of Information and Communication, Prof. Dora Akunnyili. The judgment was  delivered […]

Foreign banks have continue to express confidence in the Nigerian banking industry as well as commend the banking the current banking sector reforms embarked upon by the Central Bank of Nigeria (CBN).

The Federal Government has described the Libyan Leader, Muammar Ghadaffi’s statement , that Nigeria should split into two in respect to recurring Jos crisis as “insensitive and irresponsible”, even as it has recalled its Ambassador to Libya, Isa Mohammed for consultation.

Great reprieve is coming on the way of investors, potential investors, banks and other financial operators and analysts as the Chartered Institute of Bankers of Nigeria and Lotus Capital Limited collaborate to unveil the immense benefits and opportunities available in Islamic banking products, despite the global financial meltdown.