China economy at crucial stage — Premier
China’s economy is going through a “crucial” stage of restructuring, says the country’s Premier, Li Keqiang. The British Broadcasting Corporation reported that at the World Economic Forum in the...
View ArticleMorrisons supermarket reports fall in half-year profits
Morrisons, the United Kingdom’s fourth largest supermarket chain, has reported a fall in half-year profits, citing “challenging” market conditions. Pre-tax profits fell to £344m for the half-year to 4...
View ArticleHilton Worldwide plans stock market listing
The Hotel chain Hilton Worldwide has filed for an initial public offering to raise up to $1.25bn (£790m). It is being sold by the private equity group Blackstone, which bought Hilton in 2007 for...
View ArticleCarney to be vigilant on house prices
Bank of England governor, Mark Carney, has told MPs “we do need to be vigilant” on house prices. Addressing the Treasury Committee he said the central bank had a “considerable range of policy options”...
View ArticleHigh cost of production stifling garment industry –Oyemade
Mrs. Folake Oyemade is the Managing Director of Sam and Sara Ventures Limited. In this interview with Maureen Azuh, she talks about the challenges facing the textile industry, among other issues How...
View ArticleUK to build seven new rescue helicopter bases
Balfour Beatty has been awarded a £40m contract to lead the construction of search and rescue bases for Bristow Helicopters. The British Broadcastin Corporation reported that the New facilities will be...
View ArticleMAN links industrial development to skills acquisition
The President, Manufacturers Association of Nigeria, Mr. Kolawale Jamodu, has said called for more emphasis on vocational and skills acquisition, which he notes as a major determinant of industrial...
View ArticleNon-oil conference to focus on agric
The 2013 edition of Nigeria Non-oil Exhibition Conference and Award will focus on how to revitalise Nigeria’s potential in agriculture so as to boost its exports. The Managing Director of Koinonia...
View ArticleGSK to continue bottling of Lucozade, Ribena
Glaxosmithkline Consumer Nigeria Plc has said it will continue to bottle and distribute its nutritional drinks, Lucozade and Ribena, as part of the global divestment of the brands to Suntory Beverage...
View ArticleTina Brown to leave The Daily Beast
Tina Brown, former editor of Vanity Fair, is leaving the online news magazine The Daily Beast. Brown, who founded the site in 2008 with Barry Diller, said she would focus on a conference business, in...
View ArticleNigeria, Brazil collaborate to develop auto training centres
Nigeria is collaborating with Brazil to develop training centres in spare parts production and auto maintenance, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said. Brazil is...
View ArticleEU warns Russia over trade threats
The European Commission has warned Russia that it is “unacceptable” to use threats against ex-Soviet states which are seeking closer ties with the EU. The British Broadcasting Corporation report that...
View ArticleN1.3tn food import bill reversible – NAAEP boss
The Chief Executive Officer, Nigerian-American Agricultural Empowerment Programme Limited, Chief Temitope Ajayi, and the Director, Nigerian Agricultural Products Export Promotion Initiative, Dr....
View ArticleRoyal Mail for privatisation in the coming weeks
Michael Fallon says the Royal Mail is getting freedom to “raise the money it needs to invest in the future” The government has given formal notice to the stock exchange that it plans to privatise the...
View ArticlePoor electricity supply, bane of growth – Cleric
The Federal Government has been scored low on economic growth as acute shortage of electricity supply continues to pose a major challenge to the survival of many businesses. The Lord Bishop of Ife...
View ArticleGovt realised N1tn revenue in July – CBN
The country realised a total of N1.05tn in federally collected revenue in July, according to the monthly report posted on the Central Bank of Nigeria’s website on Thursday. The amount represents an...
View ArticleNDIC recovers N24.68bn from debtors of failed banks
The Nigeria Deposit Insurance Corporation said it recovered in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn...
View ArticleInsurance firms’ assets decline by N17.7bn
The total assets of the insurance companies operating in the country have suffered a decline of N17.72bn, according to the latest figures made available to our correspondent by the Nigerian Insurers...
View ArticleDemand for mobile telephones rising – Ruckus
Across Africa, mobile is growing exponentially and the demand for constant connectivity is becoming insatiable, specifically in strong mobile markets such as Nigeria, Ruckus Wireless Incorporated has...
View ArticleNIA advises insurers on ethics
The Director-General, Nigerian Insurers Association, Mr. Sunday Thomas, has urged the insurance industry to stick to the code of ethics of the profession. A statement made available on Sunday stated...
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