Interference by multinationals delaying PIB passage – Belgore
The delay in passage of the Petroleum Industry Bill has been attributed to the interference in the process by oil multinationals operating in the country. A former Chief Justice of Nigeria, Justice...
View ArticleHess boosts Q4 profit
United States oil giant, Hess Corporation, has posted a rise in fourth-quarter profit as increased production at its Bakken oil shale play boosted production figures. The company swung back into the...
View ArticleAlaafin palace fire: Ibadan Disco exonerates self
The Ibadan Electricity Distribution Company of the Power Holding Company of Nigeria has exonerated itself from the recent fire incident that razed a section of the palace of the Alaafin of Oyo, Oba...
View ArticleFalcon Petroleum reaffirms commitment to host communities
A wholly indigenous oil and gas service company, Falcon Petroleum Limited, has said it remains committed to developmental projects that will impact lives in its host communities. The firm also...
View ArticleGroup calls for relocation of oil companies’ HQs
A non-governmental organisation, Mineral Resources Initiative of Akwa Ibom, has restated its call for oil companies operating in the state to relocate their headquarters from Lagos State. In a...
View ArticleBanks repay ECB crisis funds, toughen lending standards
Banks began early repayment of crisis funds to the European Central Bank on Wednesday, shrinking the ECB’s balance sheet while the world’s other big central banks are still spending to support their...
View ArticleGovt, General Electric sign N160bn investment deal
The Federal Government on Thursday signed an investment deal of $1bn (about N160bn) with General Electric of the United States. The investment, according to the company, will make Nigeria a regional...
View ArticleFacebook sees sharp drop in profits
Facebook has reported a sharp drop in profits, partly due to increased spending on research and development. According to a British Broadcasting Corporation report, the social network site made a...
View ArticleReps query idle scanner at Calabar port
Members of the House of Representatives Committee on Customs and Excise have given the Customs Area Controller, Cross River/Akwa Ibom Command, Mr. Alamina Legg-Jack, a two-week ultimatum to officially...
View ArticleErnst & Young to support companies on transfer pricing
Ernst & Young has expressed its readiness to partner companies in Nigeria that may have challenges with the issue of transfer pricing in their businesses. This is coming on the heels of the...
View ArticleOgun to create jobs through agriculture
The Ogun State Government has said that if properly developed, the agricultural sector will not only ensure food security, but will also generate employment and enhance industrialisation. The...
View ArticlePhilippines beats growth target as economy expands 6.6%
The Philippines has posted better-than-expected economic growth, boosted by the strong performance of the country’s services sector. The British Broadcasting Corporation reported that its economy grew...
View ArticleIntel faces long march to mobile rescue
Intel Corporation, the world’s biggest chipmaker, opened a new front on Thursday in a long and stuttering campaign to get its processors into mobile phones, although it appears to still have a long way...
View ArticleNigerians make more purchases than South Africans – Imtheyaaz
General Manager of Mr. Price in West Africa, Mr. Subrathie Imtheyaaz, tells DAYO OKETOLA, why the average revenue per individual shopper in Nigeria is much more than what obtains in South Africa How...
View ArticleKPMG advises SMEs on cash management techniques
KPMG has cautioned entrepreneurs and owners of Small and Medium Scale Enterprises to ensure proper cash management in their activities and businesses. This, the firm said, would go a long way towards...
View ArticleIvory Coast seeks to increase rice output
Ivory Coast will seek to quadruple its annual rice production to around 400,000 tonnes through a partnership agreed on Thursday with agricultural goods processor Louis Dreyfus Commodities, the...
View ArticleMinisters lied to in West Coast Mainline deal
The Transport Department was “irresponsible” over its role in the collapse of the £5bn West Coast Mainline rail contract, a group of MPs has said. According to a Sky News report, members of the...
View ArticleHouse prices show surprise 0.5% rise in UK
House prices in Britain have risen by more than expected in January, putting a halt to their annual decline, according to Nationwide. But the building society stressed that low numbers of first time...
View ArticleDeutsche Bank swallows $4bn of charges for cleanup
Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4bn in charges to try and draw a line under a slew of scandals and boost its balance sheet without...
View ArticleBombardier, Embraer battle heats up on new orders
Big wins for both Bombardier and Embraer have heated up the battle in the regional-jet market, as North America’s largest airlines dole out big fleet renewal orders after a long break. In a market that...
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