Omatek calls for single-digit borrowing by SMEs
The management of Omatek Ventures Plc has called on the Federal Government to come up with sustainable policies to help manufacturers and small-scale enterprises to fund their businesses by ensuring...
View ArticleRecruiters urged to utilise social media
Companies and recruiters across the country have been urged to turn to the social media in their quest to employ workers that will fit their needs. Recruitment experts said this at a session on ‘Social...
View ArticleCarlyle prepares to sell Arinc, hires banks
NEW YORK: Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Incorporated and hired JPMorgan Chase and Evercore Partners Inc to advise on the process, three...
View ArticleCRH expects US to boost growth amid challenges
DUBLIN: Ireland’s CRH said an upswing in the United States will drive growth this year and offset the slump in euro zone markets that pushed pretax profit down five per cent in 2012, Reuters reported...
View ArticleFAAN to open remodelled Kano, Benin airports
The Federal Airports Authority of Nigeria says it has completed the remodelling of the Mallam Aminu Kano International Airport and the Benin Airport and that the two facilities are ready for opening. A...
View ArticleFord to improve parts supply to Nigeria
Ford Motor Company has said it is taking action to improve parts availability in Nigeria and other countries in Sub-Saharan Africa. This, it said, in a statement obtained by our correspondent on...
View ArticleHangar: NCAA seeks land for airlines
Aviation industry regulator-Nigerian Civil Aviation Authority- has urged the Federal Airports Authority of Nigeria to make available land for domestic airlines to construct aircraft maintenance hangar....
View ArticleNigeria, others lose $1bn to foreign airlines
African airlines, including Nigeria’s lost over $1bn in revenue to foreign airlines in 2012, a transport infrastructure expert with the New Partnership for African Development, Dr. John Tambi, has...
View ArticleNigerian, American firms partner on car care products
A Lagos-based car care marketing company, Coin Ventures Limited, is collaborating with three American companies to bring quality car care products to the country. The Chief Executive Officer, Coin...
View ArticleNIMASA offers 41 youths overseas training
THE Nigerian Maritime Administration and Safety Agency has offered overseas training to no fewer than 41 youths as part of efforts towards equipping and empowering them for future endeavours. The...
View ArticleBusiness spending plans gauge hits one-year high
WASHINGTON: A gauge of planned United States business spending increased by the most in just over a year in January, a sign businesses were becoming more confident in the durability of the economic...
View ArticleAirbus owner, EADS, reports strong profits
PARIS: Aerospace and defence group, EADS, has reported a rise in profits and sales in 2012, boosted by a strong performance from its aircraft maker, Airbus, the British Broadcasting Corporation...
View ArticleAll NIPPs will be completed by Dec –NDPHC
The Management of the Niger Delta Power Holding Company Limited has given an assurance that all pending National Integrated Power Projects will be completed by December this year. The Managing...
View ArticleOil price passes $113 on Iran nuclear dispute
Oil traded above $113 a barrel on Wednesday, edging up from a one-month low as two days of top-level talks on Iran’s nuclear programme failed to yield any sign of a breakthrough. United States Federal...
View ArticleProduct diversion to neighbouring countries still prevalent –Investigation
The diversion of petroleum products meant for consumption in the country has continued to flourish without a clear way to curb the menace. Products diversion, which is put at 50 per cent currently, our...
View ArticleITV profits boosted by studios arm
NEW YORK: Broadcaster ITV has reported a rise in profits, helped by a strong increase in revenues from its production arm, the British Broadcasting Corporation reported on Wednesday. Adjusted pre-tax...
View ArticleElectricity: Interstate unfolds plans for Enugu Disco
Interstate Consortium has rolled out its plans for the Enugu Electricity Distribution Company and is set to begin operations with a private sector model. This is coming after the consortium signed an...
View ArticleTCN inaugurates 330kV Onitsha-Benin transmission line
The Transmission Company of Nigeria has inaugurated the second 330KV transmission line from Benin in Edo State, to Onitsha in Anambra State. According to the company, the transmission line has been...
View ArticleOtudeko commends NPC for infrastructure master plan
The Chairman, HoneyWell Group, Dr. Oba Otudeko, has commended the National Planning Commission for coming up with the National Integrated Infrastructure Master Plan initiative, describing it as a very...
View ArticleMikano restates commitment to global standards
Mikano International Limited, manufacturer and assembler of high-tech generators and other industrial machines, has pledged its commitment to maintaining global standards. The Chairman of the company,...
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