Construction begins on Dangote’s $500m Tanzanian cement plant
Excited at the potential economic benefits of a new cement plant in his country, the Prime Minister of Tanzania, Mizengo Pinda, has commended the President/Chief Executive Officer, Dangote Group,...
View ArticleNaira extends largest monthly drop since February
The naira weakened against the dollar, extending its worst monthly performance since February, amid speculation foreign investors sold Nigeria’s debt and as oil prices declined. The currency dropped...
View ArticleDMO to sell inflation-linked bonds within four years
The Debt Management Office has said it plans to sell inflation-linked bonds to address the concern of investors about the impact of inflation on the domestic debt market. Bloomberg quoted the...
View ArticleFG to privatise 10 NDPHC power plants
The Federal Government has decided to sell 80 per cent stake in each of the 10 independent power generation plants built by the Niger Delta Power Holding Company. Plans have also been concluded for a...
View ArticleMobile number portability’ll create healthy competition —NCC
Mobile Number Portability was introduced into the telecoms industry to create healthy competition among the operators, the Nigerian Communications Commission has stated. The Executive Vice Chairman,...
View ArticleNigeria seeks Japan’s support on power supply, transportation
The Federal Government has sought Japan’s assistance to develop infrastructure in the country. Specifically, the government wants Japan’s support in the areas of power supply, transportation, health,...
View ArticleGovt, UNIDO collaborate on youth employment
The Federal Government has entered into a partnership with the United Nations Industrial Development Organisation to train about 1,000 university and secondary school graduates. The move, according to...
View ArticleGemade flays Executive’s position on budget
The Chairman, Senate Committee on National Planning and Poverty Alleviation and former Chairman of the Peoples Democratic Party, Senator Barnabas Gemade, has said the posture of the Executive arm of...
View ArticleAsus rated third in global tablet market
Personal Computer and tablet manufacturer, Asus, has risen to the third spot of worldwide tablets sales in the first quarter of 2013. Asus shipped 2.7 million units compared to just over 700,000 units...
View ArticleCard expo assesses payment systems in Africa
The 13th edition of the annual international conference and exhibition on Cards and e-Payment systems will be focusing on the optimisation of payment systems in Nigeria and other African countries....
View ArticleEtisalat supports young entrepreneurs
As part of its contribution towards the growth of young businesses in the country, Etisalat Nigeria has lent its support to the Rise, Raise and Give initiative at the maiden edition of its networking...
View ArticleMobil’s shareholders approve N5 dividend
Shareholders of Mobil Oil Nigeria Plc have approved a dividend of N5 per share recommended by the company’s board for the year ended December 31, 2012. They gave the approval at the company’s 35th...
View ArticleSecurity software market grew by 7.9% in 2012
Worldwide security software revenue totalled $19.2bn in 2012, a 7.9 per cent increase from 2011 revenue of $17.7bn, according to Gartner Incorporated. Gartner said that the evolution of new threats and...
View ArticleChina factory activity shrinks, adds to growth fears
China’s factory activity shrank for the first time in seven months in May and growth in the services sector cooled, evidence that the world’s second-largest economy is losing further momentum in the...
View ArticleEmerging stocks fall to six-week low
Emerging stocks were set for a six-week low as Turkey’s shares tumbled amid protests against the government and concern grew that the global economy will falter. Bloomberg News reports that South...
View ArticleNigeria’s growth not translating to improved welfare –Analysts
Financial analysts have said the acclaimed impressive growth rate in the country has not transformed to enhanced welfare for the average Nigerian. Analysts at FSDH Merchant Limited in a report made...
View ArticleGlobal shares, oil rebound ahead of US data
Upbeat European data helped drag world shares and oil off one-month lows on Monday, as uncertainty over United States monetary stimulus and global growth extended a volatile spell on markets, Reuters...
View ArticleAnalysts predict profit-taking this month – Analysts
Capital market analysts have said that there will be profit taking activities in the equities segment of the market this month. This, they stated, followed the consistent upward movement in the...
View ArticleAmazon workers in Germany set for third strike
Workers at internet retailer Amazon.com’s German operations are set to hold a third one-day strike on Monday in a dispute over pay and benefits, Reuters reports. Trade union Verdi has called on workers...
View ArticleGlo develops free Facebook platform for subscribers
Globacom has introduced the Glo Zero Facebook, an exciting new offer which gives subscribers on the Glo network access to Facebook pages on their mobile phones free of charge. In a statement by...
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