Skye Bank, entrepreneurs brainstorm on SME devt
Skye Bank Plc on Thursday met with entrepreneurs to discuss the future and growth of Small and Medium Scale Enterprises in the country. The bank said the move was part of its efforts to support and...
View ArticleGE, XD to boost power supply
General Electric and XD Electric Group have announced the formation of a new partnership will offer end-to-end transmission and distribution solutions to meet the growing demand for electricity in...
View ArticleNaira falls on tight dollar supply
The naira has continued to weaken further on the back of strong demand for the dollar even as the Central Bank of Nigeria says that it has no plans to devalue the local currency. The naira had fallen...
View ArticleUS equities rise on data
United States stocks rose, giving benchmark indexes their longest rally since July, as investors weighed data on the labor market and American services industry before the monthly jobs report....
View ArticleDixons Retail to sell loss-making online store Pixmania
Dixons Retail, the owner of PC World and Currys, has received an offer for loss-making online retailer Pixmania. The firm said German industrial group Mutares had agreed to buy the firm. Under the...
View ArticleNigeria targets 50% reduction in wheat importation
The Federal Government has concluded plans to distribute about 7,500 improved wheat seeds to farmers in 12 northern states. This, it said, was aimed at decreasing wheat importation into Nigeria by at...
View ArticleFirm canvasses more investment in agriculture
FUMMAN Agricultural Limited, the producers of Fumman juice brand, has stressed the pivotal role of agriculture in engendering development in the industrial sector. The Managing Director of Fumman, Mr....
View ArticleCOPAN seeks incentives for agro processing industry
Some industrialists have said that it is important for the Federal Government to come up with incentives aimed at improving the agricultural processing sector in Nigeria. Specifically, the operators...
View ArticleEmerging stocks record increase
Emerging-market stocks rose, led by India, as the rupee jumped from near a record low after the central bank eased overseas borrowing rules. Bloomberg News reported that Persian Gulf shares sank on...
View ArticleGovt officials clash over Enugu power firm sale
Senior government officials in charge of the privatisation of government owned enterprises are currently locked in a cold war over the sale of the Enugu Electricity Distribution Company. Investigations...
View Article‘Develop agro-insurance products for farmers’
The Nigerian Economic Summit Group on Thursday urged the Federal Government to develop agro-specific insurance products for farmers. This, the group stated, would help to hedge against the risks...
View ArticleFG approves N15bn soft loan for farmers …to privatise Bank of Agriculture
The Federal Government, in a bid to stimulate finance to the agriculture sector, has approved that the sum of N15bn be given to farmers at single-digit interest rate. The amount, which is a short-term...
View ArticleReflect diversity in revenue formula, Shagari urges RMAFC
A former President, Alhaji Shehu Shagari, has urged the Revenue Mobilisation Allocation and Fiscal Commission to reflect the country’s diversity in determining a new revenue allocation formula. Shagari...
View ArticleConstituency projects: N/Assembly got N900bn in nine years
The National Assembly has so far got N900bn for constituency projects since 2004, the Chairman, Senate Committee on Millennium Development Goals, Senator Mohammed Ndume, has said. He also said he a...
View ArticleWork harder for food sufficiency, UNDP tells govt
For the country to be self sufficient in food production, more energy should be deployed by the government to agriculture, the outgoing Country Director, the United Nations Development Programme in...
View ArticleUS car sales jump to near six-year high on recovery hopes
United States car sales surged close to a six-year high in August as consumers grew more confident about an economic recovery. Sales jumped 17 per cent from a year ago to 1.5 million vehicles. That...
View ArticleThere’s a lot of ignorance about advertising profession – Monwuba
Charles Monwuba is the Chief Executive Officer of Advalue Limited. In this interview with MAUREEN AZUH, he says there is need to educate the public on career choice What is your view on the advertising...
View ArticleSamsung unveils Galaxy Gear smartwatch accessory
Samsung has unveiled a smartwatch with a colour screen that can show alerts, be used for voice calls and run apps. The Galaxy Gear had been highly anticipated since the firm is currently the world’s...
View ArticleCool World rewards customers with scholarships
Cool World Electric Retail store, a subsidiary of PZ Cussons Nigeria Plc, has given scholarship grants worth N1.8m to three of its customers. The grants were part of its Back2School promotion, which...
View ArticleOando pays N5.1bn dividend to shareholders
Oando Plc has disbursed N5.1bn as aggregate dividend to its shareholders for the 2012 financial year. A statement from the company on Thursday noted that the payment, which was made at the beginning of...
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