FG seeks financial advisers for $100m Diaspora bond
The Federal Government is in search of an international bank and a local lender to act as financial advisers for a $100m Diaspora bond to be issued by the end of the year, the Debt Management Office...
View ArticleFirst-time buyer loans at five-year high — CML
SCOTLAND: The number of loans taken out by first-time buyers in Scotland has reached its highest level for five years, according to lenders, the British Broadcasting Corporation reported on Wednesday....
View ArticleWorld Bank, CBN to support SMEs
The World Bank and the Central Bank of Nigeria have indicated interest to support the growth of Small and Medium Scale Enterprises in Nigeria. The banks expressed dissatisfaction at the poor...
View ArticleRegulators to fine JPMorgan $80m over consumer dealings
NEW YOR: United States federal regulators are preparing to impose a fine of $80m on JPMorgan Chase & Co relating to its dealings with retail customers during the recession, the New York Times...
View ArticleEmerging stocks drop to seven-week low
Emerging-market stocks fell to a seven-week low and currencies in India and Turkey sank to records on Wednesday as speculation grew that the United States will take military action in Syria. Stocks in...
View ArticlePower assets: New owners and the journey ahead
Some of the new owners of privatised power generation and distribution companies have announced investment plans for the expansion of the plants, DAYO OKETOLA writes The electricity sector reform,...
View ArticleAssai, Petrodata plan document management conference
Assai DCMS, a project document control and management provider from the Netherlands, is partnering with Petrodata Management Services Limited for the second DCMS conference in Nigeria. A statement...
View ArticleBG hits more gas off Tanzania
BG Group has hit more gas at a discovery off Tanzania as it readies another appraisal well and drill stem test, www.upstreamonline.com reported on Wednesday. The UK gas giant struck 20 metres of net...
View ArticleGerman consumer morale eases from six-year high
BERLIN: German consumer confidence eased slightly heading into September, albeit remaining close to its highest level in nearly six years, as shoppers worried about creeping inflation, Reuters reported...
View ArticleNew G4S boss seeks $900m for turnaround drive
LONDON: The world’s largest security services firm, plans to raise about ¤600m ($932m) by selling shares and assets as its new boss seeks to restore its battered reputation by cutting debt and focusing...
View ArticleMajor losses reduce indices by 0.5%
Major losses recorded by companies on the Nigerian Stock Exchange on Wednesday further dragged down market indicators at the close of trading. This was compounded by huge sell-offs, which continued to...
View ArticleDevelop power infrastructure with Excess Crude Account – Tukur
The Chairman of the newly reconstituted supervisory board of the Transmission Company of Nigeria, Mr. Haman Tukur, on Wednesday urged the Federal Government to use part of the fund in the Excess Crude...
View ArticleAMCON takes over Ifeanyi Ubah’s Capital Oil
The Asset Management Corporation of Nigeria has taken over the management of Capital Oil and Gas Industries. The Head of Corporate Communications, AMCON, Mr. Kayode Lambo, said in a signed advertorial...
View ArticleWe’ve paid 70% of PHCN workers – FG
The Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatisation...
View ArticleChevron confirms withdrawal from Olokola LNG project
CHEVRON Nigeria Limited, operator of the Nigerian National Petroleum Corporation/Chevron Joint Venture, has officially confirmed its withdrawal from the Olokola Liquefied Natural Gas project. There had...
View ArticleCharge moderate fees, FG tells architects, others
The Federal Government has advised architects and other professionals in the built environment to desist from requesting high service charges from their clients. It said experts in the industry were...
View ArticleWPP advertising group sees profits jump
Advertising group, WPP, has reported a jump in profits and an improved outlook for the rest of the year. WPP, currently the biggest advertising company in the world, reported half-year pre-tax profits...
View ArticleBP loses bid to suspend oil disaster payments
BP has lost a second attempt to suspend compensation payments over the 2010 Gulf of Mexico oil rig disaster. The British Broadcasting Corporation reported that the United Kingdom oil giant has said...
View ArticleForte Oil to grow profits through business expansion
Forte Oil Plc (formerly African Petroleum Plc) has given an assurance to its shareholders and operators that it has put things in place to ensure that it increases its profitability in the next few...
View ArticleCITN urges FG to reduce taxes for MSMEs
The Chartered Institute of Taxation of Nigeria has appealed to the Federal Government to reduce taxes being paid by Micro, Small and Medium Enterprises. President of the institute, Mr. Mark-Anthony...
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