AFC, GTB provide $170m financing for Mainstream Energy
The Africa Finance Corporation, in conjunction with Guaranty Trust Bank Plc, has provided a $170m debt financing facility to the Mainstream Energy Solutions Limited consortium for the acquisition of...
View ArticleCash-less policy: CBN, banks take campaign to Ogun
The Bankers’ Committee has taken the Central Bank of Nigeria’s cash-less policy campaign to Ogun State to enlighten the people on the benefits of the initiative. The cash-less policy, whose...
View ArticleAsia stocks dip as Topix drops
Asian stocks fell, with the benchmark regional index on course for its first loss in three days, as the yen’s gain weighed on Japanese exporters and United States jobs data missed estimates. Bloomberg...
View ArticleFirm provides digital marketing solutions for businesses
WSI-Axon West Africa has urged firms to leverage on digital marketing consulting services to boost their profitability. A statement on Monday quoted the Chief Executive Officer, WSI-Axon West Africa,...
View ArticleAsus, Google introduce new Nexus 7 tablet
Asus and Google have unveiled the new Nexus 7, a 7-inch Android hand-held with built-in wireless charging. Built to deliver Google applications, the new Nexus 7 boost the relationship between Asus and...
View ArticleFG to invest $2.9tn in infrastructure stock
The Federal Government has said it will invest $2.9tn in its infrastructure stock as part of plans to address the infrastructure deficit in the country. The Minister of State for Finance, Dr. Yerima...
View ArticlePIB: Governors snub international oil companies
State governors have turned down moves by the International Oil Companies to prevail on them to influence the National Assembly not to pass the Petroleum Industry Bill. Our correspondents gathered on...
View ArticleBureaucracy, contractors delay N2.39tn Ogidigben gas project
Delayed paper works by the Federal Government, represented by the Nigerian National Petroleum Corporation, and contractors, among other things, are delaying the commencement of the $15bn (N2.39tn)...
View ArticleNigerian technicians better than foreign counterparts — EMC boss
Nazim Fraijat is the Managing Director, EMC (Levant and Emerging Africa). In this interview with STANLEY OPARA, he talks about the huge market for Information and Communications Technology solutions...
View ArticleIndices close lower as 32 stocks lose
Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Monday on the back of losses by 32 stocks. The NSE’s All-Share Index fell by 0.19 per cent or 73.38 basis points...
View ArticleLuggage charge leaves passengers stranded at Lagos airport
A new policy introduced by the Federal Airports Authority of Nigeria for passengers coming into the country to pay a special charge on their luggage has become a source of dilemma for travellers. A lot...
View ArticleUBA donates incubators to teaching hospitals
As part of concerted efforts to reduce child mortality in the country, UBA Foundation, the corporate social responsibility arm of United Bank for Africa Plc has undertaken to donate incubators to...
View ArticleOndo’s monthly wage bill drops by N.5bn – Commissioner
The Ondo State Government said on Sunday that its monthly wage bill had reduced by N500m following the verification of the employees of the local government councils that was recently carried out. The...
View ArticleDPR generates N470bn revenue in six months
The Department of Petroleum Resources has said it has surpassed its revenue target for the first half of 2013 by over N86bn by generating over N470bn within the period. This came to light during an...
View ArticleSEC inaugurates committee to check financial crimes
The Securities and Exchange Commission on Tuesday inaugurated a new committee to prevent money laundering and other forms of financial crimes in the market. The Committee of Chief Compliance Officers...
View ArticleAudi Q7 returns with elegantly designed CUV
Audi has something new to celebrate. It is the elegantly designed 2014 Q7. The German auto firm has deliberately chosen the 2013 Frankfurt Motor Show holding next month to unveil the new luxury ride....
View ArticlePlane makers de-rate to chase regional growth
After focusing for years on aircraft that could fly ever further, Airbus and Boeing are turning to shorter-range planes that appeal to airlines reluctant to pay for performance they don’t need. The...
View ArticleNAHCO workers protest sacking, down tools
Workers of the Nigerian Aviation Handling Company of Nigeria have protested the sacking of about 30 of their colleagues as well as other policies of the firm they considered unfriendly. The workers,...
View ArticleNECA faults Senate’s decision to decentralise minimum wage
The Nigeria Employers Consultative Association has flayed the decision of the Senate to decentralise the national minimum wage, saying the action of the lawmakers will have great implications on the...
View ArticlePPLD training to focus on success-driven professionals
A human potential and career institute, Purpose Power and Lifestyle Design International, has said that its forthcoming 2013 annual training programme will focus on success-driven individuals who truly...
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