Lagos to open two IPPs in October
The Lagos State Government has said two Independent Power Plants will inaugurated in October which has been named as the ‘Energy Conservation Month’ by the state. Commissioner for Energy and Mineral...
View ArticlePakistan’s Internet censors seek help from Canadian company
ISLAMABAD: In a nondescript, creeper-draped building in the capital of Islamabad, a small team of men is purging Pakistan’s Internet, Reuters reported on Wednesday. Shadowy govenment officials are...
View ArticleStakeholders to address dearth of investments in exploration
Oil and gas sector’s stakeholders will address the dearth of new exploration investments at a roundtable on petroleum exploration and development organised by the O. B. Lulu Briggs Chair for Petroleum...
View ArticleIbori: Oando extends losses
Oando Plc stocks on Wednesday declined further on the Nigerian Stock Exchange as investors continued to react negatively to a British prosecutor’s claims that jailed former Governor of Delta State, Mr....
View ArticlePower firms: N350bn proceeds surpass 13-year privatisation earnings
The successful completion of payment for the electricity generation and distribution companies has set a record in government earnings from privatised enterprises, EVEREST AMAEFULE writes In financial...
View ArticleAIICO records N16.5bn gross income
AIICO Insurance Plc recorded a 12 per cent growth in its gross premium written in 2012. According to the insurance firm, its gross premium written rose from N18.4bn in 2011 to N20.7bn in 2012, while...
View ArticleDow, S&P hit record highs
United States stocks rallied to record highs on Wednesday after the Federal Reserve surprised investors and decided against trimming its bond-buying stimulus program that helped fuel US stocks’ rally...
View ArticleFG to release subsidy payment today …adopts new accounting principle for 2014...
The Federal Government on Wednesday said it would continue to block loopholes in the fuel subsidy regime, adding that marketers with genuine claims would be paid on Thursday (today). The Minister of...
View ArticleNCP forecloses deadline extension for NIPP bidders
The National Council on Privatisation has foreclosed any extension of time for prospective bidders for the power plants constructed under the National Integrated Power Projects. Although the deadline...
View ArticleFG directs Julius Berger to rehabilitate Lagos-Ibadan Expressway
The Federal Government on Wednesday directed Julius Berger Nigeria Plc to begin the rehabilitation of the bad portions on the Lagos-Ibadan Expressway to reduce the hardship being faced by motorists....
View ArticleIndigenous oil companies boost production as majors retreat
Nigerian-owned oil companies are boosting their share of the country’s crude output by taking up fields in restive areas as international energy companies retreat, according to a study by Ecobank...
View ArticleNintendo visionary, Hiroshi Yamauchi, dies aged 85
Hiroshi Yamauchi, the Japanese businessman, credited with transforming Nintendo into a world-leading video games company, has died aged 85. Yamauchi ran the firm for 53 years, and was its...
View ArticleUK retail sales in surprise August fall
Retail sales volumes fell 0.9 per cent in August according to the Office for National Statistics — a surprise for analysts who had expected a rise of around 0.4 per cent. The ONS said consumers reined...
View ArticleOando shares rise as Index gains 0.35%
Shares of Oando Plc appreciated on Thursday as the impact of a British prosecutor’s claims that jailed former Delta State Governor, Mr. James Ibori, hid part of his assets in the oil firm waned. Oando...
View Article‘Strengthening of capital market must be our priority’
Mr. David Adonri is the Chief Executive Officer, Lambeth Trust and Investment Company. In this interview with ADEMOLA ALAWIYE, he talks about his life and experience in the capital market How did...
View Article80% of Nigerians support e-ID card scheme – Survey
A recent snap poll from NOI Polls Limited has revealed that about eight in 10 Nigerians, which represent 80 per cent of the sample, have expressed support for the introduction of the new national...
View ArticleSmartphone cameras at 41 Megapixels pressure Canon, Nikon
With industry revenue falling to the lowest level in a decade amid surging smartphone sales, Nikon Corporation, the world’s No 2 camera maker, has cut prices to lure consumers. Bloomberg News reported...
View ArticleGlobal shares rally, bond yields fall
World shares rose and bond yields fell on Thursday, a day after the United States Federal Reserve unexpectedly held back on trimming its massive stimulus programme. Reuters reported that the Fed...
View ArticleGE shuffle signals importance of oil, gas unit
General Electric Company’s decision to name Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance...
View ArticleGetting credit facilities from banks: How to prepare (1)
We are revisiting this topic which we first treated in three parts in the June 09, 16 and 23 editions of Sunday Punch. We have received several comments and request for more information, but we had to...
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