Anambra 2010:Tension grips residents
By PAMELA EBOH, Awka and CHUKS EHIRIM, Abuja
PALPABLE anxiety presently pervades the Anambra air, as the clock ticks towards the defining moment in the politics of a State, whose indigenes prefer 'Light of the Nation' as their state's soubriquet.
This Saturday's governorship election will definitely shed the much desired light on the shape of things to come in the country's next major polls slated for 2011, as the citizens of the country battle cliques of people who would go to any length to grab power... FULL STORY...
Smuggling groups takeover Lagos suburb

By EMEKA IBEMERE
THE losing battle the country is currently waging against corruption among its uniform men has again reared its ugly head in the guise of some men of the Nigerian Customs, who have been fingered as the brains behind a thriving smuggling ring in the Lagos metropolis surburb of Iba.FULL STORY...
Fraud allegations:Ohakim beats up whistle-blower
By DICKSON OMONODE












WHISTLE blower on Imo Governor, Ikedi Ohakim's alleged misdeeds, Samuelson Ikenna Iwuoha claims been brutally assaulted personally by the State's Chief Executive Officer for daring to soil his name. The no-holds-barred critic of Ohakim's government, who has authored over 340 articles bearing allegations of fraud going on in the Imo State government House.
Under siege from the Government House security for a long time, Samuelson's recent ordeal, sources say is allegedly targeted at intimidating and silencing him ahead of an imminent probe of the financial
FULL STORY...



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national daily
Nigerian Breweries stays NSE most capitalised company

•As most capitalised companies' value drop

By OLUTAYO OLUBI

NIGERIAN Breweries Plc remains the most capitalised public quoted company in Nigeria with a market capitalisation of N400.9 billion.

This was disclosed in Stakes 55, a review of the top quoted companies published by Stakes Capital Limited. The review profiles the current and the most recent happenings in the companies. The quarterly release was conceived to provide a ranking comparison of companies listed on the Nigerian Stock Exchange (NSE).

The brewery giant led the group of 55 largest companies in Nigeria in the fourth quarter of 2009. First Bank Nigeria Plc and Zenith Bank Nigeria Plc followed with a market capitalisation of N347.3 billion and N341.6 billion.
Guaranty Trust Bank Plc moved up to the fourth position from fifth position it held in the previous review with N292.7 billion, leaving the position for United Bank for Africa Plc which has N232.7 billion.

The sixth to tenth position were occupied by Guinness Nigeria Plc, N188.05 billion, Dangote Sugar Refinery Plc, N181.2 billion, Nestle Nigeria Plc, N158.2 billion, StanbicIBTC Bank N140 billion and Access Bank Plc, N125.034 billion.

The review stated that the combined value of the top 55 dropped by 4.1 per cent or N180 billion from N4.4 trillion in the preceding quarter to N4.23 trillion.
The value of the 55 companies was 89.5 per cent of the total market capitalisation of the first tier equities listed on the NSE as at December 31, 2009.
The Gold Club, which represents the top 10 ranked companies, fell by 3.75 per cent or N100 billion to N2.4 trillion as against N2.5 trillion in the last quarter.

EcoBank Nigeria Plc lost its position in the Gold Club to Nestle Nigeria Plc and StanbicIBTC Bank Plc, which moved to the eighth and ninth positions respectively. Access Bank Plc moved up three places to join this quarter's club of top ten most capitalised companies to make six the number of banks in the cadre.

The top 55 club is led by banks which constitute 32.7 per cent, 16.36 per cent Food/ Beverages and Tobacco subsector, 11 per cent to the Insurance subsector, 11 per cent also to the Petroleum Marketing.

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