Banks slash current account charge to N3 …plan to reduce other charges
The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion. As a first step, the committee has already endorsed the...
View ArticleFirm rewards customers for brand loyalty
As part of its efforts at rewarding brand loyalty and enhancing customer satisfaction, Cryslad Group, a haulage, distribution and warehousing company, has rewarded its customers with various prizes...
View ArticleSMEDAN woos Indonesian investors to SME sector
The Small and Medium Enterprises Development Agency of Nigeria has called on Indonesian investors to invest in the Nigerian micro, small and medium enterprises sub-sector. The agency said despite all...
View ArticleNEPC approves pilot centre for smoked fish export
The Nigerian Export Promotion Council on Thursday said it had approved the establishment of a pilot centre for smoked fish processing for export under Uyo zonal office. The Executive Director and Chief...
View ArticleShongai Packaging targets 90% growth in turnover
Shongai Packaging Industry Limited, a subsidiary of Sona Group of Companies, has said it is targeting a growth of 90 per cent in its turnover for 2013. The Managing Director, Shongai, Dr. Francis...
View ArticleResearchers work to improve cassava production
Researchers and key partners, under the auspices of Support for Agricultural Research and Development for Strategic Crops, have commenced activities towards improved cassava production by at least 20...
View ArticleRolls-Royce profits and revenues rise
Rolls-Royce is the world’s second largest aero engine maker after General Electric British aerospace company Rolls-Royce has reported a higher-than-expected rise in full-year profits. Underlying...
View ArticleNo duty waiver for private jet owners –FG
The Federal Government has finally commenced the implementation of duty waiver on imported aircraft and spare parts as part of measures to boost air safety and enhance the growth of the ailing aviation...
View ArticleInflation raises Valentine’s Day spending –Survey
Inflationary pressure and better awareness have pushed up the cost of celebrating this year’s Valentine’s Day by between 15 and 30 per cent higher than that of 2012 for many Nigerians, a survey...
View ArticleFG allays fears of external shocks to economy
The Federal Government has allayed fears of any shock to the economy if the United States government decides not to buy crude oil from Nigeria. The US had in recent times stored huge volume of crude...
View Article…directs Nebo to resolve TCN controversy
The Federal Government has directed the newly appointed Minister of Power, Prof. Chinedu Nebo, to ensure speedy resolution of the confusion trailing the issuance of Delegated Authority to Manitoba...
View ArticleTerrorism: Total moves non-essential workers out of Nigeria
France’s Total has reduced the number of its employees in Nigeria because of the continued insecurity in parts of the country and is also looking to improve the security of its installations abroad in...
View ArticleGovt needs N360bn to meet water supply target
For the country to meet its Millennium Development Goal of adequate water supply by 2015, the government will need to expend N360bn annually on development projects in the sector, the Minister of Water...
View ArticleBorno financial inclusion scheme to use post offices
The first national financial inclusion strategy to be inaugurated in Maiduguri, Borno State Friday (today) will utilise post offices and not the conventional banks, the promoters of the programme, has...
View ArticleFirst Bank introduces new card product
First Bank of Nigeria Limited has introduced a new card product that gives customers the freedom to design their debit naira MasterCard with favourite pictures. The bank said during the First Bank...
View ArticleNaira snaps two-day decline after bond auction
The naira gained for the first time in three days on foreign inflows into Nigeria’s capital markets after a monthly bond auction, Bloomberg reported. The currency of Africa’s biggest oil producer...
View ArticleEuro tumbles on ECB rate cut
The euro plunged to a three-week low against the dollar and sank against the yen on Thursday after data showed a dour picture of the euro zone economy, raising speculation the European Central Bank...
View ArticleEurozone recession deepened at end of 2012
The eurozone recession deepened in the final three months of 2012, official figures show. The economy of the 17 nations in the euro shrank by 0.6 per cent in the fourth quarter, which was worse than...
View ArticleFinancial transaction tax tabled by European Commission
The European Commission has tabled its controversial financial transaction tax (FTT), despite the fact that only 11 member states out of 27 support it. The tax, proposed by Commissioner Algirdas Semeta...
View ArticleAmerican Airlines, US Airways confirm $11bn merger
American Airlines and US Airways have announced plans to merge, in a deal that would form the world’s biggest airline. The move had been widely touted after the two boards were said to have met on...
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