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New car tariff: Reps divided, defer debate
Members of the House of Representatives were divided on Thursday over a motion seeking to suspend the Federal Government’s new tariff regime on imported used and new vehicles. According to the...
View ArticleEuropean shares gain ground, led by Italy
European stocks gained ground on Thursday in light trade, with Italian shares outperforming after the country’s Senate expelled former Prime Minister Silvio Berlusconi, fuelling hopes of stability for...
View ArticleFG urged to recapitalise Bank of Agriculture
The Federal Government has been urged to recapitalise the Bank of Agriculture, to enable it to cope with the huge demands that the pending agribusiness evolution will make on it. The President,...
View ArticleUnilever motivates its Shoprite customers
As part of efforts to encourage the patronage of its products, Unilever Nigeria Plc has partnered the Shoprite Store to reward those who patronise its products. The Modern Trade Manager, Unilever...
View ArticleJapan’s Nikkei index hits six-year high
Japan’s main stock index has closed at its highest level for nearly six years, tracking overnight gains on Wall Street and buoyed by a weak yen. The Nikkei 225 rose 1.8 per cent to 15,727.12 points,...
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Infrastructure deficit hampers businesses in Nigeria –Domino boss
Mr. Eric Andre, a Spanish, is the Chief Executive Officer of Domino Piza Nigeria, a United States-based quick service restaurant. He recounts how inadequate electricity supply and import regulations...
View ArticleStakeholders seek to advance flour milling operations
To improve the operations of flour millers in the country, stakeholders in the industry are seeking ways of overcoming the challenges that confront the business. At the first Nigerian Flour Milling...
View ArticleNestlé set for longest breakfast cereal table
Nestlé Nigeria Plc has said it is poised to break the world record for the longest breakfast cereal table. According to a statement by the company, the event, which will be the first world record...
View ArticleJapan investors extend net buying of foreign bonds
Japanese investors amassed nearly $14bn in foreign bonds last week, in their seventh straight week of net buying to mark the longest such run in a year, on expectations of a widening yield differential...
View ArticleRepsol board approves agreement with Argentina
The Spanish oil company Repsol has agreed to negotiate with Argentina on compensation for the seizure of its assets there last year. The Argentine government nationalised Repsol’s controlling stake in...
View ArticleReport says corruption responsible for SMEs dearth
A new report by the Association of Chartered Certified Accountants has said that corruption is a major contributor to the demise of 80 per cent of Small and Medium Scale Enterprises within the first...
View ArticlePanasonic unveils new products at Nigeria Convention
In order to meet up with trends in the electrical home appliances market, Panasonic has unveiled some of its new products. The personal grooming products for Africans, among other gadgets, were...
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NAICOM set to register five micro-insurance firms
At least five companies have indicated interest in operating micro-insurance business in the country. This is coming a week after the inauguration of the micro-insurance guidelines in Lagos. An...
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NABDA advocates new bio-safety bill
Following the failure of President Goodluck Jonathan to give assent to the National Bio-safety Bill passed by the sixth National Assembly, the National Biotechnology Development Agency is now pushing...
View ArticleGovt pays N1.3bn compensation to property owners
The Transmission Company of Nigeria, on Thursday, in Benin, Edo State, said the Federal Government had released N1.3bn for the payment of compensation to owners of property affected by the construction...
View ArticleEuropean shares gain ground, led by Italy
European stocks gained ground on Thursday in light trade, with Italian shares outperforming after the country’s Senate expelled former Prime Minister Silvio Berlusconi, fuelling hopes of stability for...
View ArticleNSE Index sheds 0.21% as 28 stocks decline
Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Thursday with the NSE All-Share Index shedding 0.21 per cent or 82.66 basis points to close at 38,928.65 basis...
View ArticleFCMB to reward customers in anniversary
First City Monument Bank Plc has unveiled a savings promotion tagged, ‘FCMB 30th Anniversary Promo’ as part of activities to mark its 30th anniversary as a leading financial service provider in...
View ArticleArco Petrochemical records 374.2 per cent profit rise
The International Financial Reporting Standards adjusted profit after tax of Arco Petrochemical Engineering Company Plc has increased from N304.83m for the 2011/2012 financial year to N1.44bn for the...
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LCCI rates Nigeria’s economy after two-year in service
As the Lagos Chamber of Commerce in Industry expects a new leader, the outgoing president, Mr. Goddie Ibru has given an assessment of Nigeria’s economy over the two years he led chamber. He said,...
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