Volkswagen mulls launching commercial vehicles in US
FRANKFURT: Volkswagen may launch commercial vehicles in the United States in future, as part of steps to expand its core namesake brand in the world’s No. 2 auto market, Reuters reported on Wednesday....
View ArticleCable warns against complacency despite recovery signs
NEW YOR: Lib Dem cabinet minister Vince Cable has said the government cannot be complacent about the economy despite growing signs of a recovery, the British Broadcasting Corporation reported on...
View ArticlePoor electricity supply lowers non-oil sector growth –NBS
Poor electricity supply lowered the non-oil sector’s growth in the second quarter of the year, the latest Gross Domestic Product report by the National Bureau of Statistics has stated. Despite the...
View ArticleFlour Mills to drive profit through investments
Flour Mills of Nigeria Plc has announced that it will drive top-line performance and profitability by expanding support for the growth sectors of the Nigerian economy. The company said that it would...
View ArticleWorld Bank supports NEMA on disaster management
A World Bank team has visited the National Emergency Management Agency to identify areas of support and boost the agency’s efforts against disasters in the country. The leader of the World Bank team,...
View ArticleUS equities record significant gains
United States stocks were mostly higher on Wednesday, putting the S&P 500 on track for a seventh straight day of gains as a potential military strike against Syria was delayed, further easing...
View ArticleMarathon Oil to sell stake in Angolan field
Marathon Oil Corporation said it plans to sell its stake in an oil and gas field offshore Angola for about $590m as part of an asset disposal programme aimed at shoring up its balance sheet and funding...
View ArticleNoble Energy discovers oil in Gulf of Mexico
Houston-based Noble Energy Incorporated has made a discovery at the Troubadour exploration prospect in the Gulf of Mexico, www.rigzone.com reported on Wednesday. The discovery is expected to add...
View ArticleUBA affirms commitment to health sector
The UBA Foundation, the corporate social platform of United Bank for Africa Plc, has reaffirmed its commitment to the development of the nation’s health sector, especially in improving and contributing...
View ArticleScottish budget: Swinney outlines spending plans
SCOTLAND: Scotland’s finance secretary has set out his spending plans for the next two years, insisting they would boost the economy, the British Broadcasting Corporation reported on Wednesday. John...
View ArticleShareholders back Access Bank’s divestment from Wapic
Access Bank’s shareholders have expressed satisfaction with the divestment of its shareholding interest in Wapic Insurance Plc. A statement by the bank said the shareholders met in Lagos on Wednesday...
View ArticleLagos-Ibadan Expressway reconstruction set to begin
Three months after President Goodluck Jonathan inaugurated the reconstruction of the Lagos-Ibadan Expressway, physical work on the road is set to commence immediately. This follows the signing of...
View ArticleDisclose loans to board members, CBN directs banks
The Central Bank of Nigeria has directed all Deposit Money Banks to disclose the details, including ownership of any loan exceeding N1m, offered to members of their board or staff. The central bank...
View ArticleFG hands over power firms October 1
The Federal Government will begin the handover of the privatised power firms to private sector investors on October 1, the Bureau of Public Enterprises has said. The Director-General, BPE, Mr. Benjamin...
View ArticleFG establishes new pension office
The Federal Government has approved the establishment of the Pension Transition Arrangement Department. It has also approved the appointment of Ms. Nellie Mayshak as the director-general of the...
View ArticleGovt approves N278bn equipment to clear water weeds
The Federal Executive Council on Wednesday approved the procurement of one water weed clearing multi-purpose equipment for N278.1bn. The cost includes payable taxes, $1.3bn and additional N73.6bn. The...
View ArticleMDGs funds: Reps threaten to sanction states
The House of Representatives Committee on Millennium Development Goals on Wednesday in Abuja stated that the attitude of some state governors, who tie down funds meant for the MDGs, constituted a...
View ArticleNACCIMA, Austrian chamber sign MoU on business relations
In a bid to encourage business relations between Nigeria and Austria, the Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture and the Austrian Federal Economic Chamber have...
View ArticleDaily Mail publisher settles Ryanair libel
A libel action brought by Ryanair has been settled out of court in Belfast. The publishers of the Daily Mail and the Irish Daily Mail were the subjects of the action. According to the British...
View ArticleGoogle faces Streetview wi-fi snooping action
A United States judge has ruled that Google did break the law when it scooped up unsecured wi-fi data while collecting images for Streetview. It means a group of users can now press ahead with their...
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