Flour Mills of Nigeria Plc, which processes grain and sells cement, will offer 35 billion naira ($232 million) of bonds this month and use the proceeds to build a sugar refinery in Lagos.

The Director General, Securities & Exchange Commission (SEC), Ms Arunma Oteh will at the 2010 PEARL Awards be honoured with the PEARL Special Recognition Award for Capital Market Development.

The Executive Vice Chairman of Multi Trex Integrated Foods Plc, Mr. Ayo Owofemi, has commended Skye Bank Plc for supporting indigenous Nigeria manufacturing companies which require huge capital outlay for their operations.

Dana Airline on Wednesday said it lost about N270 million to a recent accident at the Nnamdi Azikiwe International Airport, Abuja, caused by bird strike.

The Director General Nigerian Maritime Administration and Safety Agency, Mr. Temisan Omatseye has been elected to chair the D-8 Expert working group on Shipping. The newly elected chairman of the group Mr. Temisan Omatseye in his acceptance speech said that Nigeria is open for business adding that this is a very exciting time to invest in the Nigerian maritime sector, particularly, shipping.

President Goodluck Jonathan on Wednesday projected that domestic power generation would rise to about 20,000 megawatts in the next four years.

Imo people, What’s Gwan?!,’ bellowed Ras Kimono before the mammoth crowd, his chubby face magnified on the giant screen hoisted in the middle of the soccer pitch.
‘Ohakimmm!!,’ roared back the ecstatic multitude.

President-General of Ohanaeze spoke to journalists during the week on burning issues in the umbrella body of Igbo socio-cultural organisations and the polity including the 2011 polls.

GENERALLY, to Biafranize something is to destroy it from within, like an implosion. Politically, Biafranization is simply the suicide of a state.

The decision by the National Assembly to effect another proposal to amend the electoral Act 2010 after the first amendment proposal introduced by the executive arm of government was thrown out has continued to generate intense debate and reactions from a cross section of the polity.

FIFA has suspended two executive members accused of asking for money in exchange for World Cup votes – but cleared both of corruption.

LEADERS of the National Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, counterpart have threatened to pull oil workers from Akwa Ibom State and shut down the over 640 Barrel Mobil Producing platform in Eket by tomorrow should the government fail to locate 8 workers kidnapped on Sunday night at Oso platform, in Akwa Ibom State.

There have been mixed reactions to renewed attacks and threat to resume bombing of oil installations in the Niger Delta region by militants.

A 60-year old female pilgrim from Lagos State to this year’s hajj, Mrs. Oni, popularly called Dangote, has died in Mina, Saudi Arabia.

Three other Lagos State pilgrims were hospitalised after eating the loaf of bread distributed by the state pilgrims’ welfare board for breakfast.

Final judgement in 2007 governorship election petition in Osun State between Action Congress of Nigeria, ACN, candidate, Engineer Rauf Aregbesola, and Governor Olagunsoye Oyinlola, may be delivered by the Court of Appeal sooner than expected.