ECB to hold rates, Draghi faces grilling
The European Central Bank is unlikely to contemplate an interest rate cut at Thursday’s policy meeting despite the euro’s sharp rise, but its chief almost certainly faces a grilling afterwards over an...
View ArticleThomas Cook to merge airline operations
Thomas Cook has announced a shake-up of its airlines businesses that will see German operation Condor, Thomas Cook Airlines UK and Thomas Cook Airlines Belgium combined into one operation. According to...
View ArticleUS stocks fall amid Draghi comments
The United States stocks fell, after a two-day advance in the Standard & Poor’s 500 Index, as investors weighed economic reports and comments by European Central Bank President Mario Draghi,...
View ArticleEuro rally stalls again on ECB outcome
The euro fell against the dollar and a resurgent yen on Thursday, while sterling wallowed at multi-month lows as cautious investors awaited outcomes of central bank policy meetings in Europe and...
View ArticleMonetary policies killing credit formation – Experts
Experts have said successive increase in the benchmark lending rate and other monetary policies adopted by the Central Bank of Nigeria will dampen credit formation in the economy. The experts, who...
View ArticleOgun harmonises company taxes, levies
Ogun State Governor, Senator Ibikunle Amosun, has stated that taxes and levies payable by companies operating in the state are being harmonised and automated and will soon be published in order to end...
View ArticleOndo implements IPSAS for accountability, transparency – Mimiko
Ondo State Governor, Dr. Olusegun Mimiko, said on Thursday that his government decided to embrace the new International Public Sector Accounting Standards in order to ensure accountability and...
View ArticleEU leaders set for crucial budget summit
European Union leaders are due to begin a two-day summit in Brussels to try to strike a deal on the next seven years of EU spending. According to a British Broadcasting Corporation reports, high EU...
View ArticleWe’ll support growth of Nigerian market – RMB
Rand Merchant Bank, a South African Investment Bank, has said that it will channel its activities towards deepening the Nigerian capital market. The Chief Executive Officer, RMB Nigeria Michael Larbie,...
View ArticleRetail activities in FGN Bond market rise
The Chief Executive Officer, Stanbic IBTC Stockbrokers, Mr. Dele Sotubo, has said that more retail investors have been participating in the FGN Bond market in the last few weeks. He described the...
View ArticleCredit Suisse to cut costs further
Swiss bank, Credit Suisse, is to cut costs further after announcing disappointing results. It reported a profit of 397m Swiss francs ($645m, £278m) in the fourth quarter — lower than most analysts had...
View ArticleCar registrations up for 11th month
New United Kingdom car registrations continued to rise for the 11th consecutive month in a row, according to new figures. Latest data from the the Society of Motor Manufacturers and Traders was a 11.5...
View ArticleOyo distributes N12m to farmers, urges judicious use
Fadama farmers in Oyo State have been advised to remain focused and use resources available to them judiciously for increased food yield. The Commissioner for Agriculture, Natural Resources and Rural...
View ArticleNPA, CBN, others failed to remit N9.1tn –Reps
Sixty revenue generating agencies of the Federal Government generated and failed to remit over N9.4tn to the coffers of the government between 2009 and 2012, the House of Representatives said on...
View ArticleGovt must pay insurance premium in advance – NAICOM
Henceforth, government ministries, departments and agencies must pay premiums in advance in order to have valid insurance, the National Insurance Commission has said. The Commissioner for Insurance and...
View ArticleHigh street rescue plan, bid to save shops
High street shops are being given a stark warning — change, or join the growing list of casualties who have collapsed in recent months. According to a Sky News report, the government is setting up a...
View ArticleFG approves N15bn loan for locally-made buses
The Federal Government has set aside N15bn as loan for operators of mass transit buses in the country to encourage them to patronise locally-made buses. Vice President Namadi Sambo disclosed this on...
View ArticleValentine: Southern Sun rewards customers
As part of its plans to make this year’s Valentine day a memorable one for its guests, Southern Sun Ikoyi Hotel has announced special packages. The hospitality firm said the essence of the Valentine...
View ArticleFarmers urged to optimise NISRAL’s N500bn fund
The Head, Nigerian Incentive-based Risk Sharing System for Agricultural Loans Project Implementation Office, Development Finance Department, Central Bank of Nigeria, Mr. Jude Uzonwanne, has urged...
View ArticleCampari unveils 2013 calendar
The much anticipated Campari Calendar 2013 has been unveiled across the world. This year’s edition has the focus of instilling confidence in the people to shift their minds away from the preconceived...
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