OPL 245 deal: UK police probe Shell, Eni
British police are investigating a money-laundering allegation related to a big oil field bought by Shell and Eni from Nigeria for $1.3bn, after most of the cash they paid ended up in a company linked...
View ArticleNo indicted marketer can import fuel – PPPRA
The Petroleum Products Pricing Regulatory Agency has dismissed reports published on Tuesday by Reuters that indicted marketers were listed among the 40 companies that got allocations for the...
View ArticleJonathan stops arbitrary contract cost variation by ministers
President Goodluck Jonathan on Wednesday ordered his ministers to, henceforth, stop their penchant for indiscriminate requests for augmentation or variation of the cost of projects. He said in a...
View ArticleFHA has not fulfilled its purpose – Minister
With only 37,000 housing units to show in the 40 years of its establishment, the Federal Housing Authority has failed to fulfil its purpose, the Minister of Lands, Housing and Urban Development, Ms....
View ArticleIkpoki appointed MTN Nigeria’s CEO
MTN Nigeria has named Mr. Michael Ikpoki as its chief executive officer. He replaces Mr. Brett Goschen, who took on the role of the chief financial officer and executive financial director on the Board...
View ArticleSenate to pass amended budget today …approves one-year salary for sacked NIMC...
The Senate Committee on Appropriation, on Wednesday, formally laid its report on the amendments to the 2013 Appropriation Act before the entire house, preparatory to the passage on Thursday (today) of...
View ArticleFG pledges improved electricity supply, inaugurates new stations
The Federal Government on Wednesday restated its determination to improve electricity generation and supply in the country. The Managing Director, Niger Delta Power Holding Company, Mr. Abiodun Olotu,...
View ArticleFarmers, C’River disagree on N1bn agric loan
Farmers under the aegis of All Farmers Association of Nigeria in Cross River State has accused the state government of sidelining them in the disbursement of N1bn agricultural loan received from the...
View ArticleIncreased retail investment’ll boost bond market – Sotubo
The Chief Executive Officer, Stanbic IBTC Stockbrokers Limited, Mr. Dele Sotubo, in this interview with DAYO OKETOLA, highlights factors that will boost the country’s bond market, among other issues...
View ArticleGlobal shares drop on German, UK data
World shares fell on Thursday as confirmation that Europe is slowly dragging itself out of recession failed to offset worries about China’s slowdown and its impact on corporate earnings. According to...
View ArticleUS charges SAC Capital with insider-trading crimes
Federal prosecutors came down hard on billionaire hedge fund manager Steven A. Cohen on Thursday, unveiling criminal fraud charges against his SAC Capital Advisors LP that could end the career of one...
View ArticleUBA targets summer travellers with electronic cards
United Bank for Africa Plc on Thursday said its bouquet of electronic products was meant to make business transaction seamless for its customers within and outside the country. According to the bank, a...
View ArticleOando shareholders approve N5.1bn dividend
Shareholders of Oando Plc have approved the payment of the N5.1bn dividend for the year ended December 31, 2012. The shareholders, who gave the approval at the company’s Annual General Meeting held in...
View ArticleChina manufacturing activity slows to 11-month low
China’s manufacturing activity fell to an 11-month low in July, hurt by a decline in new orders, according to a preliminary survey by HSBC. The bank’s Purchasing Managers’ Index fell to 47.7 from 48.2...
View ArticleSouth Korea economic growth beats forecasts
South Korea’s economy grew by more than forecast in the April to June period, boosted by a jump in domestic consumption and government spending. Growth was 1.1 per cent higher in the quarter than in...
View ArticleStakeholders await Goldlink’s audit report
Stakeholders in the insurance sector are anxiously waiting for the final audit report of Goldlink Insurance Plc. KPMG has done its final audit report and submitted it to the board of Goldlink Insurance...
View ArticleMarketers urged to explore Internet platform
The Head, Digital Marketing, WSI-Axon Nigeria, Ms. Amara Nwankwo, has said that exploring digital option will facilitate marketing. Nwankwo said the benefits of using digital marketing include...
View ArticleTumblr tags blocked to prevent ban on mobile app
Tumblr says a ban on certain porn-related search terms was introduced “to adhere to the requirements of particular app environments.” The British Broadcasting Corporation reported that the...
View ArticleBT Sport signs up 500,000 in Sky battle
BT says it has signed up more than 500,000 subscribers to its television sports channels ahead of the new football season. BT Sport is being launched in August as part of the company’s plans to compete...
View Article57 quoted firms paid no dividend in five years
Fifty-seven companies listed on the Nigerian Stock Exchange have not paid dividend to their shareholders in the last five years, according to information obtained from the NSE on Tuesday. The figure...
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