Behold, cars that don’t need spare tyres!
Have you imagined driving a car all the way from Abuja to Lagos without a spare tyre? That is the experience some buyers of new model cars will have to live with, RASHEED BISIRIYU reports When you are...
View ArticleMAF to bid for Egypt shop chain — CEO
DUBAI: Dubai’s Majid Al Futtaim expects to bid for the supermarket arm of Egypt’s Mansour Group in the first quarter, MAF’s chief executive said, after it posted a 10 per cent rise in annual revenue....
View ArticleAetna to sell Missouri Medicaid
NEW YORK: Aetna Inc said on Tuesday it agreed to sell its Missouri Medicaid business to WellCare Health Plans Inc as part of its purchase of Coventry Health Care Inc because their combined Missouri...
View ArticleMercedes spices Nigeria’s SUV market with new GL
Weststar Associates Limited has introduced another first-class sport utility vehicle, the 2013 GL, to the Nigeria market. The authorised Mercedes dealer in Nigeria says the manufacturer has added value...
View ArticleHome resales fall, housing recovery still on track
WASHINGTON: Home resales unexpectedly fell in December, but the drop was not large enough to suggest the recovery in the housing sector is running out of steam. The National Association of Realtors...
View ArticleNRC commences Offa-Kano train service
The Nigerian Railway Corporation has announced the commencement of the Offa-Kano intercity passenger train service. The corporation said in a statement that the train service began on Tuesday in line...
View ArticleSlumping pigment demand eats into DuPont’s profit
MEYRIN: Weak demand for paint pigment and solar panel parts eroded DuPont’s fourth-quarter profit, with Chief Executive Officer, Ellen Kullman, tempering expectations for those once-lucrative markets...
View ArticleDelta made $1.6bn profits in 2012
United States carrier, Delta Air Lines, recorded a $1.6bn net income for 2012, a company financial statement indicated on Tuesday. It also showed that Delta’s unit revenues were up by 4.3 per cent for...
View ArticleYen climbs after BOJ pledges to buy assets
The yen rose to a three-day high against the dollar on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year, disappointing those who expected more...
View ArticleNigeria realises N53.88bn from solid minerals
Solid minerals boosted the Federation Account by N53.88bn within a period of four years; an audit of the nation’s solid mineral sector has shown. The audit, commissioned by the Nigeria Extractive...
View ArticleKwara partners City and Guilds on training
The Kwara State Governor, Alhaji Abdulfatah Ahmed, on Monday said the high unemployment rate in Nigeria was due to the neglect of skills acquisition. He spoke when the state government and City and...
View ArticleNTT DoCoMo to release low-cost tablet in Japan
BANGALORE: Mobile phone service provider, NTT DoCoMo Inc orporated, will soon release a low-cost tablet computer in Japan priced between 10,000 yen ($110) and 15,000 yen, the Nikkei reported. The...
View Article‘Human capital development will reduce unemployment rate’
Human capital development, skill acquisition and capacity building will reduce the high youth and graduate unemployment in Nigeria, the Executive Director, the Excellent Initiatives Corporation for...
View ArticleSix states to experience two-day blackout – TCN
Six states of the federation will experience power outage on Saturday and Sunday, the Transmission Company of Nigeria has said. A statement issued by the Assistant General Manager, Public Affairs, TCN,...
View ArticleQatar Telecom close to clinching $1bn loan
DUBAI: Qatar Telecom is close to clinching a $1bn loan facility that will help to finance its general business operations, banking sources told Reuters on Tuesday. The deal, which will run for four...
View ArticleGriffith pleads guilty to corruption charge
A Canadian oil company that bribed the wife of a Chadian diplomat in hopes of landing exploration blocks in the African country pleaded guilty in a Calgary court to a corruption charge, in a case that...
View ArticleChina’s stocks rise before data
China’s stocks rose for a third time in four days before a report on manufacturing tomorrow. Steel and technology companies led gains, while energy producers fell. Bloomberg News reported on Wednesday,...
View ArticleBank of Agric, Delta agree to boost economy
The Bank of Agriculture and the Delta State Government have sealed a deal to boost agricultural produce, enhance the state economy and create employment opportunities. The Managing Director, Bank of...
View ArticleConsumers agonise over rising electricity bills
Electricity consumers in most parts of the country are not happy with the Power Holding Company of Nigeria due to rising bills they are being made to settle on monthly basis. Our correspondent, who...
View ArticleHawkley sees commercial flows in Ukraine
Australia-listed Hawkley Oil & Gas has flowed commercial volumes of gas with high condensate content from its Sorochynska-202 well in the Poltava region of Ukraine. The company announced on...
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