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US insurer accelerates Esure stake talks

The American insurance giant, Travelers, will accelerate talks in the coming days about buying a stake in Esure, the motor insurer headed by Peter Wood, one of Britain’s wealthiest entrepreneurs. It...

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ASX reports declining profits

ASX Limited, operator of Australia’s main stock exchange, reported first-half net income fell as reduced stocks trading hurt revenue, Bloomberg News reported on Thursday. Group revenue fell by 3.3 per...

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Shareholders call for sustainable growth in capital market

Shareholders have called on the Federal Government and regulators to ensure that there is sustainable growth in the capital market. According to the shareholders, this is essential if the market is to...

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T-Bill yields drop to 17-month low

Nigerian Treasury Bill yields on Wednesday fell to the lowest in 17 months at an auction as bids were almost four times the amount on sale, boosted by offshore demand for the country’s debt. The...

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L’Oreal takes products to higher institutions

L’Oreal Nigeria, Manufacturers of Dark and Lovely Anti-Breakage, hair product has continued  with its major stakeholders’ engagement for the purpose of ensuring market penetration and consolidation....

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Lufthansa, United, Air Canada set to win EU approval

Lufthansa, United Airlines and Air Canada are set to win approval from the European Union’s competition regulator for their transatlantic tie-up with their offer to give up airport slots, a person...

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Russia bank chief says billions leaving country illegally

Russia’s central bank governor Sergei Ignatiev has said that $49bn (£33bn) left the country illegally last year. The capital flight, some 2.5 per cent of Russia’s annual economic output, was controlled...

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Public finances ease some pressure on Osborne

Better tax revenues and profits from the Bank of England’s quantitative easing scheme helped the public finances record their best surplus for five years in January. But the £11.4bn figure still leaves...

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NERC inaugurates offices to handle electricity consumers’ complaints

The Nigerian Electricity Regulatory Commission on Thursday inaugurated five forum offices to help in addressing complaints of electricity consumers across the country. The Chairman/Chief Executive...

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Residents’ resistance stalls repair of bombed base stations

Some host communities are resisting efforts by telecoms operators to repair the telecommunications installations damaged by armed insurgents in a series of attacks in the North in 2012, our...

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FG warns boards against interfering with agencies’ operations

The Federal Government on Thursday inaugurated the boards of four parastatals under the Ministry of Trade and Investment with a warning to the boards not to interfere with the day-to-day operations of...

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Crash report: Bellview writes FG, US govt

Bellview Airlines has formally written to the Federal Government of Nigeria and the United States Government, expressing its disagreement with the crash report on the airline released by the Accident...

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Nigerians’ll soon enjoy regular electricity supply – Elumelu

The Chief Executive Officer, Transcorp/Woodrock, the consortium that won the bid for Ugheli Power Plc, Mr. Tony Elumelu, on Thursday said with the signing of transaction and industry agreements for the...

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8,000 Osun farmers benefit from Fadama project

The Coordinator, Osun State Fadama Programme, Mr. Ganiyu Adediji, has said  8,000 farmers in the state have benefitted from the third phase of the project. Adediji spoke during a tour of Fadama...

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Firm assembles experts to discuss power sector challenges

Akindelano Legal Practitioners will host the second in the series of its seminars on February 28, 2013 with the theme: ‘Transforming the Nigerian power sector: Challenges and solutions.’ According to a...

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G4S generates N950m from AssetGuard in six years

G4S Secure Solutions Nigeria Limited, a subsidiary of G4S Plc, has generated N950m revenue in six years from AssetGuard, a security company. A document made available to our correspondent in Lagos, on...

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Reality show searches for best youth entrepreneurs

The Managing Director, Ficomms International, Mr. Mide Kunle-Akinlaja, has said the firm, in conjunction with some other partners, is in the process of searching for youths with the best...

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No e-registration, no sale of products —SON

The Standards Organisation of Nigeria has said the introduction of e-products registration scheme will witness the end of sales of products without proper standards certification and identification...

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Firm laments faking of cigarette wrapping papers

Roll Bond Rolling Papers has raised the alarm over the faking of its cigarette wrapping papers in the country. Roll Bond, according to a statement by the firm on Thursday, is a trademark owned by House...

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BUA’s $500m Edo plant nears completion

The BUA’s Group’s $500m, three-million-metric tonnes Edo Cement Company located at Okpella, Edo State will be inaugurated early next year. This was made known by the Chairman, BUA Group, Alhaji...

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