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Ghanaian Government Begins Closure of Nigerian Businesses

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Nigerian businessmen operating in Ghana yesterday cried out to the Nigerian government to come to their rescue as Ghanaian authorities have commenced closing their shops for allegedly operating illegally.

Nigeria's "bad bank" may list nationalised lenders

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Nigeria's state-backed "bad bank" on Tuesday said it may list three lenders that were nationalised as part of a bailout in 2009, instead of selling them to rivals, as it seeks to determine fair value for the banks.

Billionaire Dangote to head Nigeria bourse board

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Nigerian billionaire Aliko Dangote will assume leadership of the governing board of Nigeria's stock exchange on Tuesday, after an appeal court overturned the annulment of his 2009 election.

BPE awaits "further directive" on NITEL liquidation

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The Bureau of Public Enterprises (BPE) is awaiting further directive from the National Council on Privatisation (NCP) to begin the liquidation of NITEL, Mr Chukwuma Nwokoh, the spokesman of the organisation, said in a telephone interview on Tuesday.

NNPC’s Ajuonuma, Aikhomu On Board Ill-Fated Dana Plane

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Several knowledgeable sources Sunday confirmed that the ill-fated Lagos bound Dana Airlines aircraft that crashed in Iju-Ishaga in Agbado, near Lagos late Sunday afternoon was carrying Mr. Ehime Aikhomu, son of former Vice President, Late Admiral Augustus Aikhomu and Mrs. Rebecca Aikhomu.