The ongoing contentious probe of the Securities and Exchange Commission (SEC) by the House of Representatives Committee on Capital Market and other Financial Institutions on Tuesday claimed its first casualty in Herman Hembe, who stood down as chairman of the committee, in order to properly defend allegations of demanding bribe. […]

The management of Union Trustee Mixed Fund has announced a market investment of N1.032bn in the year 2011, representing an increase of N2m or 0.19 per cent over N1.030bn invested in 2010. The Managing Director, Union Trustee Limited, Mrs. Oluseyi Aiyepola, said at the fund’s Annual General Meeting in Lagos […]

The National Bureau of Statistics (NBS) today reported Nigeria’s February headline inflation at 11.9% year-on-year (y-o-y), down by 70bps from 12.6% in January 2012. In the same vein, food inflation fell to 12.9% y-o-y from 13.1%. Core inflation (measured by All Items Less Farm Produce Index) however rose to 13.5% […]