Jaguar rolls out first sport utility vehicle
Luxury British car manufacturer, Jaguar, will dazzle participants and visitors at this year’s Frankfurt Motor Show holding this month as it hints at the roll out of its first ever 4X4. The five-door...
View ArticleNigerian shippers set to compete on global scene
The coast is now clear for indigenous shipping companies to compete with their foreign counterparts in transporting crude oil in and out of the country after many years of inactivity. There are...
View ArticleAero commences daily flights to Kaduna
Aero has announced the commencement of daily flight operations from Lagos to Kaduna to satisfy the yearnings of its customers who ply the route. The airline said that it had also increased operations...
View ArticleWorld equity markets close higher
World equity markets were higher on Tuesday but pared gains after United States Congressional leaders voiced support for military intervention in Syria. Reuters reported on Tuesday, that while bond...
View ArticleShares, dollar rise on upbeat data
Upbeat economic data powered Asian and emerging share markets to a fourth straight day of gains on Tuesday, while gold and the yen lost some of their safe-haven appeal as Washington delayed a possible...
View ArticleReduce agric sector risks, banks tell FG
The Group Managing Director, United Bank for Africa Plc, Mr. Phillips Oduoza, has called for the de-risking of the agricultural sector in order to stimulate lending to farmers. He spoke on Tuesday in...
View ArticleIndian passes $20bn law to subsidise grains
India plans to subsidise wheat, rice and cereals for some 800 million people under a $20bn scheme to cut malnutrition and ease poverty, The Associated Press reported on Tuesday. The Food Security Bill,...
View ArticlePetroChina supplier, Wison, chairman ‘assisting probe’
The chairman of a Chinese oil engineering firm is helping the authorities with an unspecified investigation, the company said on Tuesday, amid a widening corruption probe into PetroChina, one of its...
View ArticleAmplats job cuts avoidable – Minister
South Africa’s mining minister, Susan Shabangu, said on Tuesday it was possible to avoid job cuts at Anglo American Platinum. “In fact, the latest I am told is about a thousand, so it’s quite clear we...
View ArticleRussia’s small businesses squeezed, eye exit
Every day, Emelyanov and his staff have to take time out from tending patients to fill out official log books on health and hygiene. It’s repetitive and pointless work but required by law — and vital...
View ArticleCITN targets manpower development, plans tax academy
The newly elected President of the Chartered Institute of Taxation of Nigeria, Mr. Mark Dike, has set a six-point agenda to transform the tax system in the country. Dike, who emerged as the 11th...
View ArticleFord announces 33% sales increase in Nigeria
Ford Motor has continued to record a significant rise in its business in Nigeria, with an average increase of 33 per cent in the last one year. The firm, which stressed that Nigeria had remained an...
View ArticleControversy surrounds payment for Enugu power firm
Top government functionaries are divided over the possible extension of the deadline for the preferred bidder for the Enugu Electricity Distribution Company, Interstate Electrics Limited, to pay the...
View ArticleUpside Aviation appoints Adeniji as CEO
Upside Aviation Limited, a new entrant into the Nigerian aviation services industry, has announced the appointment of Mr. Babatunde Adeniji as its new chief executive officer. The company disclosed...
View ArticleRenault adapts management structure after COO exit
Renault has announced plans to appoint two new senior managers in charge of performance and competitiveness to replace Chief Operating Officer Carlos Tavares, who stepped down abruptly last week,...
View ArticleVitafoam gets shareholders’ approval to raise N4bn
The management of Vitafoam Plc has received approval to raise N4bn from the capital market. The approval was given by its shareholders at the company’s Extra Ordinary General Meeting in Lagos. A...
View ArticleIPMAN condemns activities of pipeline vandals, thieves
The National Executive Committee of the Independent Petroleum Marketers Association of Nigeria has condemned the activities of the pipeline vandals and crude oil thieves in the country. The IPMAN...
View ArticleApple invites Chinese journalists to Beijing
BEIJING: Apple Inc has invited Chinese journalists to an event in Beijing on September 11, just hours after it is widely expected to unveil its newest iPhone models in the United States, Chinese media...
View ArticleGlobal shares record gains
Global equity markets rose, lifted by a surge in the United States market, as investors took in stride a potential limited American military strike against Syria. Reuters reported that data from around...
View ArticleNigeria operates broken budget system – FRC
The Fiscal Responsibility Commission has said the nation operates a broken budget system since annual budgets are always passed about four months into a new year. It also stated that only five states...
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