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US stocks rise on German business confidence

United States stocks rose, paring a weekly decline in the Standard & Poor’s 500 Index, as German business confidence jumped to a 10-month high amid better-than- anticipated corporate earnings....

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Osborne sticks to austerity measures

United Kingdom’s Chancellor of the Exchequer George Osborne, said he would not give in to opposition calls to change his economic policy after Moody’s Investors Service’s decision to strip the UK of...

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Firm restates commitment to housing Nigerians

The Managing Director, Resort Savings and Loans, Mr. Abimbola Olayinka, has restated the commitment of the organisation to providing affordable housing for Nigerians, saying this will take priority...

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Recycling banks: UPDC collaborates with LAWMA

UACN Property Development Company Plc and the Lagos State Waste Management Authority have collaborated to construct waste recycling banks in different parts of the state. The Chairman, UPDC, Mr. Larry...

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Nigeria-Brazil trade to hit N2.84tn by 2015 – FG

The Federal Government has unveiled plans to double the country’s trade volume with Brazil from the current $9bn (N1.422tn) to $18bn (N2.844tn) by 2015. The Brazilian President, Ms. Dilma Rousseff,...

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Nigeria’ll become regional gas hub by 2017 – NNPC

The Nigerian National Petroleum Corporation has said the country will become a regional hub of petrochemical and fertilizer by 2017. The Group Executive Director, Gas and Power, NNPC, Dr. David Ige,...

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Country 20 years behind in road development – Minister

The lack of political will to carry out the needed reforms in the nation’s road sector has set its development back by about 20 years, the Minister of Works, Mr. Mike Onolememen, has said. He said the...

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FG sets up evaluation team for NIPPs

The Vice-President and Chairman, Niger Delta Power Holding Company, Namadi Sambo, has set up a special project evaluation team for the National Integrated Power Projects. A statement by the NDPHC on...

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Babalola urges govt to tackle corruption, poverty

A former Minister of State for Finance, Mr. Remi Babalola, has called on the Federal Government to do more to fight corruption and boost job creation. Babalola made the call in Lagos on Saturday at the...

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PHCN workers: FG insists on N384bn severance pay

Despite the rejection of the N384bn approved as severance package by the workers of the Power Holding Company of Nigeria, the Federal Government is standing its ground,  OKECHUKWU NNODIM writes...

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Unclaimed dividends may hit N50bn

The total amount of dividends declared by quoted companies but not claimed by investors in the Nigerian capital market in 2012 may hit N50bn when the final computation is done. If this amount is...

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Lagos-Ibadan Expressway reconstruction design ready –FG

The Federal Ministry of Works has said that the design for the reconstruction of the Lagos-Ibadan Expressway is ready. Our correspondent gathered on Monday that the next phase of work on the road would...

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US stocks decline amid election concerns

United States stocks declined, following an early rally in the Standard & Poor’s 500 Index, as partial election results spurred concern about prospects for a stable government in Italy. Bloomberg...

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Article 16

The Managing Director, New Horizons Nigeria and current Vice-Chairman, United States-based WiniGroup Incorporated, Mr. Tim Akano, in this interview with DAYO OKETOLA, makes predictions for the global...

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FG creates single online portal for MDAs

The Federal Government has created a national single window portal that will ensure that all government information is domiciled in one place. It will provide a comprehensive online platform for over...

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Shiroro plant shut, 130MW of electricity lost

Electricity supply in the Federal Capital Territory has worsened as the Abuja Electricity Distribution Company continues with load shedding following the shutdown of the Shiroro power plant for a major...

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Consumer Protection Council raids firm over fraud

The Consumer Protection Council on Monday raided the Abuja office of a property development firm, El-Salem Nigeria Limited, for allegedly defrauding its customers of millions of naira. The CPC’s...

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NNPC, DMO deny $1.5bn fuel subsidy loan

The Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke, and the management of the Nigerian National Petroleum Corporation on Monday denied that the corporation sourced a N1.56bn loan to...

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Draft policy on made-in-Nigeria goods ready –Aganga

A draft policy aimed at encouraging the patronage of made-in-Nigeria products is ready and will be presented to the Federal Executive Council  for ratification in the next two weeks, the Minister of...

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Royal Pharma offers $6.6bn bid for Elan

United States investment firm Royalty Pharma has made a $6.6bn approach to Irish drugmaker Elan, targeting royalty rights for multiple sclerosis treatment Tysabri worth hundreds of millions of dollars...

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