Committee recommends cut in Perm Secs, directors’ allowances
The Presidential Committee on the Reform Process in the Nigeria Public Service, chaired by Alhaji Adamu Fika, on Monday submitted its report with a call on the Federal Government to cut the allowances...
View Article2013: Change elements that will shape telecoms industry
A global market research company operating in Nigeria,TNS-RMS, highlights factors that will drive change in the country’s telecoms industry in 2013, writes DAYO OKETOLA writes A number of developments...
View ArticleChina COSCO eyes turnaround options, stock down sharply
The world’s largest bulk shipper, China COSCO Holdings Company Limited, faces the risk of delisting for its Shanghai shares if it fails to turn around in 2013, after having warned of a second straight...
View ArticleFed waits for job market to perk up
The Federal Reserve’s ultra-loose monetary policy is a root cause of the “currency wars” that some see as a looming threat to the world economy, but don’t expect the United States central bank to...
View ArticleEx-chairman of firm linked to Caterpillar fraud ‘dismayed’
The former chairman of a Chinese mining equipment firm bought by Caterpillar Incorporated said on Monday he was dismayed by allegations of accounting misconduct at a subsidiary that prompted the United...
View ArticleReps committee delays NNPC $1.5bn loan report
The report of the House of Representatives Joint Committee on Loans and Debts, Justice, Petroleum Downstream and Upstream, which is investigating the alleged plan by the Nigerian National Petroleum...
View ArticleWorker shortages boost support for immigration plan
Labour shortages that left crops rotting in fields have farm organisations backing a United States Senate immigration pro-posal that would treat workers in agriculture “differently” than in other...
View ArticleMAN admits UniCem as member
The Manufacturers Association of Nigeria has admitted United Cement Company of Nigeria as its member. Speaking at the presentation of certificate of membership to UniCem in Calabar on Friday, Chairman...
View ArticleNACCIMA demands passage of PIB, better budget performance
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has called on the Federal Government to ensure the speedy passage of the Petroleum Industry Bill and proper...
View ArticleUCN elects banker, Fashola’s aide as officers
A Lagos-based philanthropic club, Ultimate Circle of Nigeria, has elected new officers to run its affairs for 2013/2014. At its just-concluded Annual General Meeting in Iperu, Ogun State, UCN elected a...
View ArticleBanks hold back on restocking in weekly ECB funding
Banks took ¤124bn in one-week loans from the European Central Bank, roughly ¤1bn less than in the previous week, showing they are so far not replacing crisis funds being paid back early to the ECB,...
View ArticleYahoo sees revenue climb this year
NEW YORK: Yahoo Incoporated forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive, Marissa Mayer, warned it would be a long journey to revive...
View ArticleANMC unveils plan to regulate biking in Nigeria
The Association of Nigerian Motorcycle Clubs has announced the development of a new strategy to regulate the growing biking community in the country. At its maiden press conference held in Lagos on...
View ArticleExcess Crude Account: FG approves $1bn for states
President Goodluck Jonathan has approved the sharing of $1bn from the controversial Excess Crude Account among the 36 states of the federation and the Federal Capital Territory. Governor Rotimi Amaechi...
View ArticleICE fields calls about selling Euronext
MIAMI BEACH: Intercontinental Exchange Incorporated has received inquiries from rivals interested in buying NYSE Euronext’s European stock exchanges once ICE completes its planned purchase of the New...
View ArticleNAMA to begin 24-hour operation in three airports
The Nigerian Airspace Management Agency has said it will commence 24-hour service in three airports in the country effective March this year. The airports are located in Yola, Owerri and Enugu. The...
View ArticleLauvergeon takes centre stage in EADS board shake-up
French officials threw support behind former nuclear boss Anne Lauvergeon to be the first chairwoman of EADS on Sunday in a move likely to test efforts to wrest the European aerospace group away from...
View ArticleTUC advises A’Ibom on employment generation
The Trade Union Congress, Akwa Ibom State chapter, has called on the Akwa Ibom State Government to revamp ailing industries and create employment for youths in the state. The Chairman of TUC in the...
View ArticleHome prices see best yearly gain since 2006
NEW YORK: Single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from a closely watched survey showed on Tuesday. The...
View ArticleYahoo CEO outlines growth plan
Yahoo! Incorporated reported fourth-quarter revenue that topped analysts’ estimates and increased annual sales for the first time since 2008 as the largest United States Web portal benefited from...
View Article