ADVAN to reward marketing excellence
The Advertisers’ Association of Nigeria, the umbrella body for all corporate organisations that engage in major marketing in the country, has said that it will reward hard work and ingenuity among...
View ArticleITF seeks N112bn to upgrade facilities
In a bid to effectively discharge its core duty of revolutionising the industrial sector of the economy, the Industrial Training Fund has said it requires $740m (N112bn) to upgrade its facility and...
View ArticleBillabong reduces brand value to zero
The Australian surfwear brand Billabong has reported much worse than expected results as it continues to try to refinance its debt, the British Broadcasting Corporation reported on Tuesday. It reported...
View ArticleSchool graduates 14 seafarers
No fewer than 14 seafarers have been certificated fit having undergone intensive training at the Matral Maritime Training Centre located within the Tinapa Business and Resort in Calabar, Cross River....
View Article19,000 Delta flight attendants get mobile devices
The United States carrier, Delta Airlines, has said more than 19,000 of its flight attendants have started using new Windows Phone 8 handheld devices that will streamline onboard purchasing, as the...
View ArticleASSE Nigeria swears in new executives
The American Society of Safety Engineers, Nigerian chapter, has sworn in new executive officers to run its affairs for the 2013/2014 season. A statement from the association on Tuesday said the new...
View ArticleAckman moves to dump stake in J.C. Penney
Hedge-fund manager, Bill Ackman, moved to dump his entire stake in J.C. Penney Co., ending a failed bet on the retailer that cost his fund more than $600m, resulted in the loss of thousands of jobs and...
View ArticlePower: FG signs N78bn MoU with Chinese firm
The Federal Government on Tuesday signed a N78bn ($500m) Memorandum of Understanding with the Xian Electric Engineering Company Limited of China for the execution of transmission projects in the power...
View ArticleFG partners Lufthansa to train 30 Nigerian pilots
The Federal Government has signed a memorandum of understanding with Lufthansa Airlines to train 30 Nigerian pilots on aviation Type Rating and Jet Rating. The Special Adviser to the President on Niger...
View ArticlePetrofac scoops $95m Gazprom deal
London-listed services player Petrofac has won a second contract by Russia’s Gazprom Neft for work on the Badra oilfield in Iraq, www.upstreamonline.com reported on Tuesday. The $95m deal involves the...
View ArticleTiffany profit rises on sales gains in China, forecast raised
Tiffany & Co on Tuesday reported a higher quarterly profit, helped by stronger-than-expected sales in China that trumped fears of a slowdown there, and the United States jeweler raised its...
View ArticleDangote, financiers to sign $5.55bn refinery loan deal
The Dangote Group has said it will sign $5.55bn loan deals with financiers on September 4 for the building of a $9bn refinery and petrochemical complex to be located at the Olokola Free Trade Zone,...
View ArticleFG will soon ban fish importation – Minister
The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said on Tuesday that the Federal Government would soon place a total ban on the importation of fish and other aquatic...
View ArticleTheft knocks Nigeria’s oil output to four-year low
Nigeria is suffering the worst wave of oil production disruptions in four years, with output falling to levels last seen before the government’s amnesty programme ended militancy in the Niger Delta,...
View ArticleNew workers’ payroll system saves FG N120bn
The Federal Government has saved a total of N120bn on personnel cost between 2007 and now through the implementation of the Integrated Payroll and Personnel Information System. The Accountant-General...
View ArticleAFC arranges Transcorp’s $215m Ughelli power plant acquisition
The Africa Finance Corporation in conjunction with the United Bank for Africa Plc, First City Monument Bank Plc and Fidelity Bank Plc has provided a $215m debt financing facility for the acquisition of...
View ArticleGreens beat Shell to F1 Pole
The wheels may not be coming off Shell’s Arctic exploration plans but Greenpeace is not letting up in its effort to bump the Anglo-Dutch supermajor off the road to Arctic oil, www.upstreamonline.com...
View ArticleFG to unlock power sector potential through PPP
The Federal Government has once again emphasised that Public Private Partnership is a veritable model that can fast-track its power sector reforms thereby unlocking the sector’s potential. Deputy...
View ArticleKenya considers raising over $1bn Eurobond
Kenya is considering raising more than $1bn in its planned debut Eurobond sale that will take place by the end of this year, Treasury Principal Secretary Kamau Thugge said. The government plans to use...
View ArticleBrent continues surge on Syria conflict
Brent crude surged to a six-month high on Wednesday as western countries prepared to attack Syria, raising concerns over the security of oil supplies across the Middle East, which pumps a third of the...
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