Food production increases by eight million tonnes
Nigeria is beating its target to raise food production, lifting output by eight million tonnes last year, in efforts to diversify Africa’s second-largest economy away from a reliance on oil,...
View ArticleWhy Ogun pipeline vandalism may continue
Pipeline vandalism prevalent at the Arepo, Obafemi/Owode Local Government Area of Ogun State may continue if a patrol team of armed men is not deployed in the area to cover both land and water....
View ArticleAnglo American in platinum production slump
Mining group Anglo American has reported a drop in fourth quarter production of platinum and iron ore. The British Broadcasting Corporation reports that the company, the world’s largest producer of...
View ArticleOil firms to stop gas flaring in five years
Some International Oil Companies in Nigeria are currently working on a five-year programme to stop or reduce to the barest minimum cases of gas flaring in their production fields. This, it was learnt...
View ArticlePhones stop corruption in fertilizer sector — Adeshina
Minister of Agriculture and Rural Development, Dr. Akinwumi Adeshina, in this interview with IFEANYI ONUBA, speaks on the problems of agricultural financing and the controversy surrounding the...
View ArticleAthens hit by Greek transport strike after police raid
Traffic gridlock has paralysed Athens as Greek commuters struggle to work by car, amid a public transport strike. According to a British Broadcasting Corporation report, early on Friday police stormed...
View ArticleEmaar properties jumps to three-year high
Emaar Properties PJSC rose to the highest in more than three years after the developer of the world’s tallest skyscraper said units made available at a new Dubai residential development sold out in one...
View ArticleTreasuries records highest drop
Treasury 10-year note yields rose the most since the first week of the year as the European Central Bank said banks will repay more of its loans than forecast and a strengthening housing market reduced...
View ArticleDutch food firm eyes Middle East
Dutch food retailer SPAR International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday. The company, which says it has...
View ArticleAT&T to buy Spectrum for $1.9bn
AT&T Incorporated, the second-biggest United States wireless carrier, agreed to acquire airwaves from larger rival Verizon Wireless for $1.9bn, helping to bolster its network in a region that...
View ArticleBanks to repay more loans —ECB
The European Central Bank said banks will next week repay more of its emergency three-year loans than economists forecast in another sign the euro region’s debt crisis is abating. Some 278 financial...
View ArticlePound falls to 13-month low
The pound fell for a third week against the euro, dropping to the least in more than a year, as data showed that the United Kingdom’s economy shrank more than analysts forecast in the fourth quarter,...
View ArticleUS job market showed progress in January
The job market in the United States probably kept making headway in January even in the face of Washington’s budget battles, economists said before reports this week. Employers added 160,000 workers to...
View ArticleJapan defends stimulus, yen policy under fire
Japan’s economy minister rejected criticism on Saturday that his country’s extraordinary fiscal and monetary stimulus programme was aimed at weakening the yen and undermined central bank independence....
View ArticleEuropean stocks post weekly gain
European stocks posted a weekly gain, rising to a 23-month high, as German investor confidence climbed to the highest in two-and-half years and United States lawmakers voted to temporarily suspend the...
View ArticleUS stocks hit longest gain since 2004
United States stocks rose for the week, capping the longest stretch of daily gains since 2004, amid better-than-estimated corporate earnings and economic data as lawmakers voted to temporarily suspend...
View ArticleCompanies offset weak sales growth with fat margins
After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales – a skill that chief executives regard as critical in the face of an uncertain...
View ArticleBritain’s economy flirts with ‘triple dip’ recession
Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London’s Olympics pushing it perilously close to a...
View ArticleDraghi sees second half euro zone recovery
The “positive contagion” on financial markets is not yet feeding into the economy at large but the euro zone should see recovery in the second half of the year, ECB President, Mario Draghi, said on...
View ArticleSpain’s property firms demand debt relief from banks
The few listed Spanish property firms to survive a brutal real estate crash are stepping up the fight with banks for more generous debt relief to outlast a crisis that could yet have years to run,...
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