Bankers’ conference to examine economic development
The Chartered Institute of Bankers of Nigeria will examine ways to enhance economic development of the nation in the seventh edition of its annual conference holding in Abuja next month. A statement...
View ArticleZurich’s Ackermann quits over finance chief ‘suicide’
Zurich Insurance’s chairman Josef Ackermann has resigned, three days after the apparent suicide of its chief financial officer Pierre Wauthier. Mr Ackermann said that Mr Wauthier’s family believed he...
View ArticleFCMB founder gives success tips to bank CEOs
The founder of the First City Monument Bank Group, Otunba Subomi Balogun, has given tips for success in the banking profession with a piece of advice to chief executive officers and other key officials...
View ArticleFocus on tourist sites, C’River tells investors
Managing Director of Cross River State Tourism Bureau, Mr. Michael Williams, on Thursday urged investors to concentrate more on developing profitable tourist attraction sites instead of hotels alone....
View ArticleRecare provides free hair care for students
As part of its corporate social responsibility, Recare Nigeria Limited, which produces Nature’s Gentle Touch brand of natural hair care products, is giving female students of the University of Lagos...
View ArticleUS stocks rise as economy expands
United States stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as data showed the economy expanded at a faster pace in the second quarter and concerns over Syria eased....
View ArticleCanadian stocks rise for second day
Canadian stocks rose for a second day, as bank shares advanced on better-than-estimated earnings and phone companies rallied on dimmed prospects of competition from United States-based Verizon...
View ArticleGovt can’t hands-off power sector for now – Owan
The Chairman, Roundtable of Electricity Distribution Companies and former Chairman/Chief Executive Officer, Nigerian Electricity Regulatory Commission, Dr. Ransome Owan, in this interview with...
View ArticleTrade, commerce central to Osun’s development drive – Aregbesola
Governor Rauf Aregbesola of Osun State has said that trade and commerce are central to the development drive of the state. He said all the policies and programmes of the government were connected in...
View ArticleVodafone confirms talks with Verizon over US stake sale
Vodafone has confirmed it is in talks with United States company Verizon Communications over the sale of its 45 per cent stake in their joint venture, Verizon Wireless. Reports earlier this year...
View Article76 oil blocks dormant eight years after allocation
The Department of Petroleum Resources has said that 76 out of the 77 oil blocks awarded between 2005 and 2007 are largely dormant. The Director, DPR, Mr. George Osahon, said at a forum on the 2005-2007...
View ArticleHeirs Holdings acquires stake in offshore drilling firm
Heirs Holdings has acquired significant stake in Seadrill Mobil Units (Nigeria) Limited, a West African affiliate of New York listed global offshore drilling company, Seadrill. As a result, the...
View ArticleAlison-Madueke decries insecurity in Gulf of Guinea
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has decried the rising level of insecurity in the Gulf of Guinea, saying the impact on the Nigerian oil and gas industry is huge. The...
View ArticlePlanning violation: Ogun to shut telecoms masts
The Ogun State Ministry of Urban and Physical Planning has announced plans to shut telecommunication masts, towers and parabolic antennae erected in all parts of the state without the owners obtaining...
View ArticlePenCom transfers N7bn NSITF fund to workers’ accounts
The National Pension Commission has transferred a total of N7bn pension contributions of workers under the defunct Nigerian Social Insurance Trust Fund to the Retirement Savings Accounts of the...
View ArticleUNIDO seeks more investment in agriculture
The United Nations Industrial Development Organisation on Thursday called for a more pragmatic approach that would help to stimulate the growth of agribusiness in Nigeria. The UNIDO Regional Director...
View ArticleIndia to sell dollars to state oil firms
India’s central bank says it will sell United States dollars to three state-run oil firms as it looks to stem the decline in the Indian rupee. It said the sales would help to meet the “entire daily...
View ArticleCanadian stocks rise for second day
Canadian stocks rose for a second day, as bank shares advanced on better-than-estimated earnings and phone companies rallied on dimmed prospects of competition from United States-based Verizon...
View ArticleGerman unemployment edges higher
Angela Merkel is looking to win a third term in office despite some unhappiness at austerity measures The British Broadcasting Corporation reported that the German jobless total rose slightly in August...
View ArticlePhilippines growth beats forecast, defies trend
The Philippines has posted better-than-forecast economic growth, fuelled by its services sector and higher consumer and government spending. Its economy grew 7.5 per cent in the April to June quarter,...
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