Don’t make Jonathan chairman of procurement council —Ezekwesili
A former Minister of Education, Mrs. Oby Ezekwesili, on Tuesday opposed a proposed amendment to the Public Procurement Act to make President Goodluck Jonathan the Chairman of the National Council on...
View ArticleRMAFC calls for new budget cycle
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Mr. Elias Mbam, has called on the Federal Government and the National Assembly to legislate and implement a new budget cycle that...
View Article25% rural dwellers lack access to telecommunications – Google
Despite the tremendous leap that Nigeria has made in telecommunications in the past 12 years, 25 per cent of rural dwellers in the country lack access to modern communications facilities, a new report...
View Article200 investors jostle for 10 NDPHC power plants
Over 200 investors have commenced moves to acquire the 10 National Independent Power Plants to be privatised by the Niger Delta Power Holding Company. Speaking during the NIPP Privatisation Roadshow in...
View ArticleStanbic IBTC introduces interest-free product
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has introduced a non-interest banking product, the Imaan Current Account. A statement by the bank on Tuesday said that this was part of its...
View ArticleIOSCO inaugurates investor education initiative
The International Organisation of Securities Commission has inaugurated an investor education initiative aimed at protecting the investors. A statement by IOSCO explained that the initiative was...
View ArticleTurkish stock market loses 10.5%
Turkey’s main share index closed 10.47 per cent lower following investor concerns over the escalation of anti-government protests over the weekend. The Borsa Istanbul 100 index tumbled as investors...
View ArticleWorld equities gain on expectations
Stocks on world markets and the dollar gained on Tuesday as expectations remained intact that the Federal Reserve will maintain its stimulus program to bolster the nascent United States economic...
View ArticleCBN mopped up N4.37tn in Q1
The Central Bank of Nigeria mopped up a total of N4.37tn in Open Market Operations in the first quarter of 2013. Information obtained from the CBN on Tuesday showed that bills of maturities ranging...
View ArticleForeign investment in Scotland in 15-year high
SCOTLAND: Scotland has attracted its highest level of foreign investment for 15 years, according to an annual survey. The British Broadcasting Corporation reported on Wednesday that Ernst and Young...
View ArticleEquities’ market value soars to N12.60tn
The equities section of the Nigerian capital market is on the verge of recouping the 2008 post-meltdown losses as major indicators continue to record significant appreciation. The market...
View ArticleFMC partners Anadarko Petroleum
FMC Technologies has picked up yet another subsea equipment deal in the US Gulf of Mexico, this time inking a contract with Anadarko Petroleum, www.upstreamonline. reported on Wednesday. The...
View ArticleIkea founder steps down
SWEDEN: The founder of Swedish furniture giant, Ikea, is to step down from the board of the firm, with his son taking on the role of chairman, the British Broadcasting Corporation reported on...
View ArticleNDIC re-strategises to address banking sector challenges
The Nigeria Deposit Insurance Corporation has begun moves to re-strategise its operations to enable it to effectively address emerging challenges in the banking sector. The Managing Director/Chief...
View ArticleSummit in $460m shale asset buys
US company, Summit Midstream Partners, has splashed out a total of $460m on two acquisitions in shale play assets at home, upstreamonline.com reported on Tuesday The Dallas-based outfit has bought...
View ArticleMoneysupermarket.com co-founder makes £170m after selling stake
PARIS: The co-founder of a Flintshire based price comparison website has made £170m after selling a 15per cent stake in the company, the British Broadcasting Corporation reported on Wednesday. Simon...
View ArticleEnergia targets 10,000bpd increase in oil production
A marginal exploration and production company, Energia Limited, has concluded plans to increase production to 10,000 barrels of oil per day in 2014. Energia is the operator of OML 56 owned by the...
View ArticleAnalysts predict 42% gain for Nigerian banks
Nigerian bank stocks, trading at a discount to emerging-market lenders, will probably extend their gains to 42 per cent this year as they boost capital and finance oil and power projects, Vetiva...
View ArticleChinese stocks rise
Most Chinese stocks rose as wine companies climbed after the government started an anti-dumping probe into European Union imports. Bloomberg News reports that industrial companies fell as BNP Paribas...
View ArticleOil price: Brent rises on demand hopes
Investors are also keeping an eye on the dollar, wary of any disappointment in a trio of United States job reports. Oil and most other commodity prices have swung heavily in the past few weeks with the...
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