The On-going 250 year Celebration National Consumer Promo organised by Guinness to reward consumers of its flagship brand, Guinness Foreign Extra Stout (FES) and Guinness Extra Smooth (GES) for being loyal even to celebrate 250 remarkable years of the multiple global award winning brand, berthed in Akure and Aba regions where the draws took place.

This year’s Udiroko Festival kicked off at the palace of the Ewi of Ado-Ekiti, Oba (Dr) Rufus Adejugbe Adeyemo, on Friday, August 28, 2009. The festival, which is being sponsored by MTN for the second year running, is an annual celebration that brings together sons and daughters of the community.

The NLC President, Mr Abdulwaheed Omar, on Wednesday urged the Central Bank of Nigeria (CBN) not to politicise the ongoing reform in the banking sector to achieve its objective.

GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mohammed Sanusi Barkindo said on Tuesday that the country now produces 2.3 million barrels of crude oil per day against the Organization of Petroleum Exporting Country’s (OPEC) figure of about 1.6 barrel per day.

In order to prevent unnecessary margin facilities to the stockbroking firms and future crash of the Nigerian stock market, the relevant government agencies have been advised to pass legislation that will prevent banks from owing brokerage firms.

The bearish trend in the Nigerian capital market continued, Wednesday, as the value of listed equities dipped further by N38.3 billion.

BankPHB Plc has reiterated its commitment to the growth and development of the Nigerian economy, declaring its intention to contribute meaningfully to human capital development and also help in building capacity for the country.

By Babajide Komolafe Cost of funds in the interbank money market rose slightly yesterday due to funding of foreign exchange purchases by banks at the Wholesale Dutch Auction System (WDAS). Interest rate on Call lending rose to 4.4 from 4.3 per cent while Seven days lending attracted 7.0 per cent up from 6.75 per cent. […]

The Lagos State Chapter of thethe National Association of Microfinance Banks of Nigeria has set up an Intervention Fund to be used in addressing the problems of short term liquidity that is becoming a common feature in the microfinance sub-sector.

The federal government is to meet with independent oil marketers over recent increase in the price of aviation fuel or JET-A1.

The family of a flight attendant who died in the Air France crash of June 1 off the coast of Brazil is seeking legal action against the carrier.

French submarines have halted their search for the flight recorders of an Air France jet that crashed into the Atlantic on June 1, killing all 228 people aboard.
“The search has not been able to locate the wreck of the plane,” France’s BEA air investigators said in a statement.

At a time Foreign airlines are shying away from putting something back into the country for the huge gains they made off the system, some local airlines have begun setting the pace in corporate social responsibility (CSR).

The Nigerian Civil Aviation Authority (NCAA) has said the main hurdle left for Nigeria to cross to attain the U.S. Federal Aviation Administration’s category one certification was in the area of compliance and enforcement.

Lufthansa is gearing up for what is known in Bavaria as the “fifth” season of the year, the Munich Oktoberfest.