Power: Payment deadline for investors expires amid confusion
The deadline for the preferred bidders for 14 power generating and distribution companies slated for privatisation by the Federal Government will expire today amid confusion over the status of the...
View ArticleAlly to pay govt $5.2bn for preferred stock
Auto financing company Ally Financial will pay the United States government more than $5.2bn to buy back preferred stock that the government got for bailing out Ally in 2009, The Associated Press...
View ArticleVirgin Atlantic begins new flight campaign in Nigeria
The United Kingdom mega carrier, Virgin Atlantic Airways, has unveiled a new flight campaign programme in Nigeria. The campaign, titled, ‘Flying in the Face of Ordinary’, according to a statement from...
View ArticleMicrosoft’s Xbox One team courts indie developers
Microsoft is offering free Xbox One development kits to approved video games makers to encourage small teams to make titles for its forthcoming console, the British Broadcasting Corporation reported on...
View ArticleN774bn spent on calls, SMS in six months
Based on an Average Revenue per User of $7 (N1,092), the active telecoms subscribers in the country must have spent about N774.06bn on voice calls and Short Message Services in the first half of this...
View ArticleMore Americans to travel on Labor Day
More people will travel in the United States this Labor Day holiday than they have on any of the September breaks since the 2008 financial crisis, United States travel group AAA said on Tuesday....
View ArticleUnemployment: SURE-P boss decries firms’ response to GIS
The Project Director, Graduate Internship Scheme of the Subsidy Reinvestment and Empowerment Programme, Mr. Peter Papka, on Tuesday, appealed to corporate bodies in Ondo State to embrace the Federal...
View ArticleIndia set to launch subsidised food plan
The Indian government is to inaugurate a programme to provide subsidised food to two thirds of the population, the British Broadcasting Corporation reported on Tuesday. The food security scheme aims to...
View ArticleFG trains 400 unemployed youths in agriculture
The Federal Government is training 400 unemployed Nigerian youths in agriculture as part of its efforts to meet up the Millennium Development Goals, a statement said on Tuesday. The statement by the...
View ArticleBanking industry recorded N18bn fraud in 2012 –NDIC
The banking sector recorded 3,380 fraud cases involving the sum of N17.97bn in the 2012 fiscal year. This information was contained in the annual reports and accounts of the Nigeria Deposit Insurance...
View ArticleN220bn MSME fund’ll support entrepreneurs –CBN
The Central Bank of Nigeria says its N220bn Micro, Small and Medium Enterprises Fund will help participating financial institutions to support entrepreneurs. The Director of Public Finance, CBN, Mr....
View ArticleFG to inaugurate seven power plants, 150 substations
The Minister of Power, Prof. Chinedu Nebo, said on Wednesday that seven power plants and 150 new substations built across the country were ready for inauguration. Nebo said this in Abuja when he...
View ArticleUnion Bank, Samsung in electronic branch deal
Union Bank of Nigeria Plc and Samsung Electronics West Africa are collaborating to develop a ‘bank-of-the-future’ prototype aimed at providing better financial services to both existing and potential...
View ArticleChina pricing regulator seeks confessions from foreign firms
BEIJING: A senior Chinese official put pressure on around 30 foreign firms, including General Electric and Siemens at a recent meeting to confess to any antitrust violations and warned them against...
View ArticleNew Greece bailout not the only option — Rehn
ATHENS: Debate about whether Greece will need another bailout has intensified, after the European Union’s economic and monetary commissioner declined to rule it out, the British Broadcasting...
View ArticleEnterprise Bank boss backs AMCON divestment
The Managing Director/Chief Executive Officer of Enterprise Bank Limited, Mallam Ahmed Kuru, has expressed support for the planned divestment of the Asset Management Corporation of Nigeria’s...
View ArticlePolicymakers unsure about Japan’s tax cut
TOKYO: Japan’s corporate tax rate is among the highest in the world and getting companies to use more of their earnings to invest and hire is crucial to the economic renaissance promised by Prime...
View ArticleMasterCard plans 13 million debit/ID cards for Nigeria
MasterCard Incorporated, the second-biggest United States payment network, is working with the Federal Government to issue 13 million debits cards in Nigeria, which will also act as identity cards, the...
View ArticleSome pension pay-outs 23% lower than rivals — ABI
LONDON: Some of the United Kingdom’s biggest insurance companies are offering pension pay-outs that are up to 23 per cent lower than the leading rates, the British Broadcasting Corporation reported on...
View ArticleMicrosoft offers ad-free Bing for the classroom
SAN FRANCISCO: The long-running rivalry between Microsoft Corp and Google Inc is turning into a schoolyard brawl, Reuters reported on Wednesday. Microsoft on Wednesday opened a new front against the...
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