Africa renewable energy push ‘not working’
Africa is lagging behind the rest of the world in obtaining funds for renewable energy projects because development banks aren’t assuming enough of the political risk of working there, United Nations...
View ArticleOnline retailers in price war
A subtle price war has begun among online retailers jostling to attract the attention of Nigeria’s online shoppers, writes DAYO OKETOLA There has been a strong positive sentiment towards online...
View ArticleRyan says Republicans weigh short-term debt limit increase
House Republicans are considering the “virtue” of passing a short-term increase in the government’s borrowing authority to provide time to discuss cutting the debt, Budget Committee Chairman Paul Ryan,...
View ArticleS&P 500 hits five-year high
Stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace...
View ArticleEmerging stocks rise
Emerging-market stocks rebounded from the lowest level in a week on prospects of improved earnings for companies Koc Holding AS, Dubai Financial Market PJSC and OAO Gazprom. Asian shares retreated....
View ArticleBofA’s profit falls on mortgage-related charges
Bank of America Corporation’s quarterly profit fell by 63 per cent as it took $5bn of mortgage-related charges. Reuters reported that the bank, however, showed signs that it is moving past its problems...
View ArticleDangCem, Oando, Transcorp join market making stocks
The shares of Dangote Cement Plc, Oando Plc and Transnational Corporation of Nigeria Plc have joined 36 other stocks in the basket of market makers. This brings the total number of market making stocks...
View ArticleJPMorgan tops banks for third year
JPMorgan Chase & Co led lending to commodities companies for a third consecutive year even as global financing to the industry fell to the lowest since 2010, Bloomberg reported. The biggest United...
View ArticleNo monetary rate cut expected soon – Analysts
Indications have emerged that the Central Bank of Nigeria is unlikely to force down interest rates in the country despite calls by some economists for it to do so. On Thursday the naira snapped a...
View ArticleCitigroup set to stop shareholder capital destruction
Citigroup Incorporated‘s Chief Executive Officer, Mr. Michael Corbat, who took over at the third-largest United States bank in October, said one of his goals is to “stop destroying our shareholders’...
View ArticleIntel said to sign Cisco as customer
Intel Corporation has signed Cisco Systems Incorporated as a customer for made-to-order networking chips, landing the biggest customer yet for its fledgling foundry business, two people with knowledge...
View ArticleShut illicit stores, end drug adulteration – Afolaogun
Drug adulteration remains a plague in Nigeria. The Divisional Manager, North and West, Fidson Healthcare Plc, Mr. Rotimi Afolaogun, in this interview with OKECHUKWU NNODIM, says the menace needs a...
View ArticleChina set to exit slowdown by boosting infrastructure
China’s economy is set to exit a seven-quarter slowdown as the government rolls out infrastructure projects and limited inflation lets officials hold off from tightening monetary policy. The National...
View ArticleDozens of bodies found floating on Anambra River
Dozens of Unidentified bodies numbering over 40 were on Saturday found floating on Ezzu River at Amansea, a town on the border between Anambra and Enugu states on Saturday. The situation generated...
View ArticleTwo soldiers killed as Boko Haram attacks military convoy in Kogi
Two Nigerian soldiers died on Saturday after a convoy in which they and 188 colleagues bound for Mali was ambushed in Okene, Kogi State. The attack took place around 6.05am local time as militants cut...
View ArticleEni discovers oil in commercial quantity off Ghana
An Italian oil major, Eni, has proven the commerciality of an oil discovery off Ghana after an appraisal well hit a large amount of pay. The Paolo Scaroni-led company has “immediately commenced plans...
View ArticleElectronic fund transfer to hit N17.34tn by March
Transactions on electronic fund transfer conducted by bank customers in the country may hit N17.34tn by the end of the first quarter. Statistics from the Central Bank of Nigeria show that the Nigerian...
View ArticleGrounded Boeing 787 expected in Nigeria January ending
The Boeing 787 Dreamliner plane, which was grounded globally on Thursday due to safety concerns over series of snags, was expected to arrive in Lagos from Houston, United States on January 31. This was...
View ArticlePHCN privatisation: Siemens denies stake in any bidder
Siemens Limited has said it has no stake in any of the firms bidding for Power Holding Company of Nigeria’s successor companies. The firm said it was only offering technical services to one of the...
View ArticlePrivate jet manufacturers jostle for Nigeria’s market
Private jet manufacturers from Europe and North America are not sparing any cost to win a significant share of Africa’s market, especially Nigeria which has an upper class with intense desire to fly on...
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