New revenue sharing formula ready soon – RMAFC
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Mr. Elias Mbam, on Monday assured Nigerians that a new revenue sharing formula among the three tiers of government would be ready...
View ArticleExternal reserves not declining – CBN
Contrary to the recent drop in the value of the nation’s external reserves, the Central Bank of Nigeria on Monday dismissed claims that the reserves were experiencing sharp decline, adding that the...
View ArticleOil spills: Shell, communities negotiate compensation package
Shell officials on Monday began talks in Port Harcourt with representatives of the Bodo community on compensation and cleanup, five years after one of the worst oil spills in the country’s history, the...
View ArticleSony hopes for profit on PlayStation 4
Sony Corp announced the Japanese release of its PlayStation 4 on Monday as the electronics maker braces for a console war with Microsoft Corp that could make or break the Japanese firm’s struggle to...
View Article700 global leaders to discuss cyber security
Select leaders from Nigeria and other countries are set to map out new strategies to secure governments’ and business assets. This move is expected to involve about 700 global leaders including top...
View ArticleChinese economic data boosts US equities
United States stocks rose on Monday, helping the S&P to advance for a fifth straight day following upbeat economic data from China. Reuters reported that concerns about the possibility of a Western...
View ArticleAirtel elevates 81 employees
In line with its corporate philosophy of empowering more Nigerians with leadership positions, Airtel Nigeria said it had elevated 81 employees across various business functions. The promotion, it said,...
View ArticleEmerging ETF poised for longest rally
The iShares MSCI Emerging Markets Index exchange-traded fund was set for the longest rally in six years as data showed Chinese exports grew more than estimated. Bloomberg News reported on Monday, that...
View ArticleDigital Direct sees prospect in ICT market
Technology firm, Digital Direct, has said it remained committed to serving its Lagos market, especially Lekki Phase I, considering the huge market potential of the area. Speaking at the unveiling of...
View Article7% of UBA loan portfolio in agric – MD
The Group Managing Director/ Chief Executive Officer, United Bank for Africa, Mr. Phillips Oduoza, has said not less than seven per cent of the bank’s gross loan portfolio is currently in the...
View ArticleABUCCIMA seeks special bank for SMEs
The Abuja Chamber of Commerce, Industry, Mines and Agriculture on Monday called on the Federal Government to provide legal backing for infrastructure projects in the country. It also called for the...
View ArticleTD warns Nigerians against grey market products
Technology Distributions Limited has warned Nigerians not to patronise products sold in the grey market. According to the company, such products are prone to inexcusable downtimes. The Managing...
View ArticleNITDEL 2013 to focus on societal development
The 2013 edition of the Nigerian Telecom Development Lecture, will address societal development issue, the organisers of the annual event have said. They said in a statement obtained on Monday that the...
View ArticleNATCOMS urges merger of failed telecoms firms
The National Association of Telecommunications Subscribers, on Monday urged the Nigerian Communications Commission to compel merger of telecoms operators which failed to meet its key performance...
View ArticleHuawei unveils world’s slimmest smartphone in Nigeria
Huawei has unveiled its Ascend P6 considered as the world’s slimmest smartphone, measuring 6.18mm. A statement on Monday said the smartphone features a 1.5GHz quad-core processor and a sleek metallic...
View ArticleSunEdison to divest semiconductor business through $250m IPO
SunEdison Inc filed to spin off its semiconductor unit, SunEdison Semiconductor, through an initial public offering of up to $250m, as the company looks to focus on its high-margin solar power...
View ArticleBPE, NERC discuss power firms’ transfer to investors
Top officials of the Nigerian Electricity Regulatory Commission and the Bureau of Public Enterprises have met to work out modalities for the transfer of electricity companies carved out of the Power...
View ArticleSEC inaugurates committees to boost capital market activities
The Securities and Exchange Commission has inaugurated three committees to implement its 10-year master plan, which is meant to boost activities in the Nigerian capital market. The committees, which...
View Article‘US employers posted fewer jobs, but hired more’
United States employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market, The Associated Press reported on Tuesday. Job...
View ArticleBA adds more African flights, new products
British Airways has announced that it is growing its African frequencies, improving connectivity through London Heathrow and introducing new products. For instance, the airline said in West Africa, it...
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