Petronas to spend $60bn in Malaysia
Malaysian state-owned oil company, Petronas, is planning to spend MYR186bn ($61bn) on the country’s oil and gas sector in the next five years, with more offshore activities and contracts expected to be...
View ArticleSweet Sensation gives year-round free meals
Sweet Sensation confectionery, one of Nigeria’s Quick Service Restaurants, has opened the New Year with a pact to offer free meals to five of its customers throughout the year 2013. A statement by the...
View ArticleUkraine leader cautious on Russian customs union plans
Ukraine’s President Viktor Yanukovych has said he cancelled a visit to Moscow in December because his country was not yet ready to join Russia’s customs union with Belarus and Kazakhstan. In a...
View ArticleN60bn phones for farmers, not true — Minister
The Minister of Agriculture, Mr. Akinwumi Adeshina, has debunked the report that the Federal Government is planning to spend N60bn on phones for farmers. A statement made available to our correspondent...
View ArticleGermany retail sales higher in 2012
Retail sales in Germany rose as much as 2.1 per cent last year as Europe’s largest economy took the eurozone debt crisis in its stride, according to the Federal Statistical Office. But stripping out...
View ArticleSkye Bank stakes 40% in Pan Ocean’s gas project
As a commitment to the development of indigenous capacity in the oil and gas sector, Skye Bank Plc has staked 40 per cent equity in the Pan Ocean Oil’s Ovade-Ogharefe Gas Processing Plant (OML98). The...
View ArticleIceland awards oil and gas exploration licences
Iceland has awarded two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island. According to a BBC report, the licences have gone to Faroe...
View ArticleUK service sector activity falls in December
Activity in the UK’s services sector fell for the first time in two years in December, a survey has suggested, raising fears of yet another recession. According to a BBC report, the PMI services index...
View ArticleNIPOST’ll soon begin money transfer services – Post Master General
Post Master General of the Federation, Mallam Ibrahim Baba, in this chat with EVEREST AMAEFULE, speaks on the plan to offer money transfer services in the interest of unbanked Nigerians and NIPOST’s...
View ArticleClearwire investor campaign against Sprint deal
NEW YORK: A large Clearwire Corporation shareholder said on Friday it plans to ask the United States telecoms regulator to block the sale of the wireless service provider to its majority owner, Sprint...
View ArticleFG moves to improve investment climate
Anxious to attract new investment, the Federal Government has unveiled fresh measures aimed at removing all barriers to industrial revolution, IFEANYI ONUBA reports The World Bank says that Nigerian...
View ArticleAl Jazeera inherits Current TV’s distribution woes
NEW YORK: Al Jazeera’s announced plans to establish a new United States cable news channel via the purchase of Current TV isn’t even 48 hours old and already it finds itself in a vicious battle to...
View ArticleTransocean agrees to pay $1.4bn oil spill fine
Transocean, which owned the Deepwater Horizon oil rig, has agreed to a settlement with the United States government. According to a BBC report, the Swiss-based company will pay $400m (£248m) in...
View ArticleWorst drought in decades hits Brazil’s North-east
Brazil’s Northeast is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country’s emerging...
View ArticleMinister renews $250m auto innovation fund
Canadian Prime Minister Stephen Harper was at the Ford Motor Company plant in Oakville, Ont on Friday to announce the renewal of a fund to stimulate research and innovation in Canada’s automotive...
View ArticleMobile fuel lab’ll check adulteration — DPR, SON
THE Department of Petroleum Resources and the Standard Organisation of Nigeria have said that the mobile fuel laboratory recently developed by the agencies will help to check the adulteration of...
View ArticleUSDA revamps plant hardiness map
For the first time since 1990, the USDA has revamped the zones in its plant hardiness map. While this is big news for America’s 80 million gardeners, it’s also important for farmers, reports...
View ArticleThirteen feared dead as tanker rams into bus
No fewer than 13 people were feared dead on Sunday when a fuel tanker rammed into a commercial bus at Odo Oba in Ogbomoso, Oyo State. Although details of the crash are still hazy, the tanker and bus...
View ArticleJonathan urges church leaders to mould members’ character
President Goodluck Jonathan on Sunday urged church leaders to play an active role in nation-building by paying close attention to the moulding of its members’ character. Jonathan made the observation...
View ArticleAnalysts predict attractive prospects for FGN Bonds
Capital market analysts have expressed confidence in the expected growth and stability of the Federal Government of Nigeria Bonds in the year 2013. According to them, the forecast is predicated on the...
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