Obi promises more investment in commerce, tourism
Governor Peter Obi of Anambra State has said his government will no longer look back in its investment in hotels, tourism and commerce. The governor said this on Tuesday at the inauguration of a...
View ArticleOpel plans Peugeot-based cars
General Motors and PSA Peugeot Citroen outlined plans to collaborate on a new range of small cars and minivans based on the French company’s technology in order to spread development costs across more...
View ArticleEzekwesili queries how Yar’Adua, Jonathan spent $67bn
A former Vice President (Africa), World Bank, Dr. Oby Ezekwesili, has said the Umaru Yar’Adua and President Goodluck Jonathan administrations need to tell Nigerians how they spent the $45bn left in the...
View ArticleGovt should provide right environment for listings – Onyema
The Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has called on the Federal Government to provide the right environment to attract more companies to list on the Exchange. He said...
View ArticleFAAN commences destruction of 65 abandoned planes
The Federal Airports Authority of Nigeria on Thursday commenced the destruction of 65 airplanes abandoned at various airports across the country by domestic airlines. The action followed the expiration...
View ArticleEurope’s indices rise on data
Investors in British stocks shrugged off worries about Europe and focused on the better Chinese data and its implications for mining companies. That pushed London’s FTSE 100 up by 1.08 per cent....
View ArticleSON to begin e-registration of products February
As part of efforts to sanitise the markets and rid the nation of substandard products, the Standards Organisation of Nigeria has unfolded plans to begin the electronic registration of all products and...
View ArticleFUNAAB, NASC train farmers on seed production
No fewer than 150 farmers have been trained and empowered with skills in the production of high quality maize and cowpea seeds by the Agricultural Media Resources and Extension Centre of the Federal...
View ArticleWine maker rates Nigerian market high
The Export Manager, Baron de Rothschild, makers of Escudo Rojo Chilean wine, Mr. Thomas Frotte, has rated the Nigerian market very high. Frotte, who made the rating during a carnival in Lagos to...
View ArticleBeauty professionals set for NICEX fair
Make-up and beauty professionals in the country have the opportunity of expanding their business relationships at the Nigerian International Cosmetics Fair in Lagos later this month. The NICEX 2013...
View ArticleInclusion: CBN directs banks to adopt flexible KYC
The Central Bank of Nigeria has directed banks to adopt a flexible ‘Know Your Customer’ for financially and socially disadvantaged persons in a bid to promote the financial inclusion policy. A circular...
View ArticleCBN ranks Anambra third in deposit mobilisation
The Central Bank of Nigeria has rated the economy of Anambra State as among the strongest in the country. The Branch Manager of the bank in Awka, Mr. Okoro Azubuike, announced the rating in Awka on...
View ArticleEuropean banks need more cash, Moody’s warns
Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody’s said on Thursday, meaning European taxpayers may again be...
View ArticleRising bad loans signal more pain for Spanish banks
Rising bad loans at Bankinter and Sabadell point to more pain for Spanish banks as they near the end of a deep clean of rotten property assets that hammered profits last year, Reuters reported. Though...
View ArticleCommerzbank to cut 6,000 jobs
Commerzbank, Germany’s second-biggest bank, plans to cut up 6,000 jobs by 2016 to try to reduce costs as part of efforts to revive its struggling retail business, Reuters reported. The Frankfurt-based...
View ArticleCameron says referendum won’t hurt U.K. economy
Prime Minister David Cameron said the potential uncertainty surrounding a four-year debate over the United Kingdom’s membership of the European Union won’t undermine his economy’s appeal to global...
View ArticleTenants should demand houses’ certificates of fitness – Ajayi
A former National President of the Nigerian Institute of Town Planners, Olubunmi Ajayi, tells Simon Ejembi how a vibrant mortgage system can transform the real estate sector in the country How would...
View ArticleMaritime workers laud FG for cancelling PICOMSS
Employees in Nigeria’s maritime industry have commended the Federal Government for revoking the Presidential Implementation on Maritime Security and Safety. The employees, under the aegis of the...
View ArticleTwitter’s new service suggests its future may lie in video
Twitter Incorporated, the social network known for its 140-character messages, hinted at the direction of its evolution on Thursday with the launch of a new streaming video service for smartphones,...
View ArticleCBN reiterates commitment to financial inclusion
The Central Bank of Nigeria has expressed strong commitment to financial inclusion in the country by ensuring that the number of unbanked Nigerians is reduced drastically over the next few years....
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