Giles to focus on US insurance venture
LONDON: Chris Giles has been appointed non-executive director of Giles and Ink Underwriting’s ultimate holding company Expectrum, www.insurancetimes.co.uk reported on Tuesday. The move comes as Giles,...
View ArticleChesapeake noteholders, BNY Mellon escalate bond battle
NEW YORK: A group of Chesapeake Energy Corp noteholders on Tuesday challenged the company’s authority to redeem $1.3bn of notes, saying the plan was improper and would shortchange them. Reuters...
View ArticleChina’s stocks rise
Chinese stocks rose for the first time in six days, led by companies whose earnings are least vulnerable to economic growth. ZTE Corporation, China’s second-largest maker of phone network equipment,...
View ArticleChina Mobile profits to rise 2.7%
China Mobile saw profits rise 2.7 per cent last year as the world’s largest mobile operator increased the number of its subscribers to 710 million. The state-owned company said net profits increased to...
View ArticleJonathan, minister, others to discuss economic reforms
President Goodluck Jonathan, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and her Finance counterpart, Dr. Ngozi Okonjo-Iweala, will next week join other stakeholders to discuss...
View ArticleLCCI supports CBN on third-party cheques
The Organised Private Sector in Lagos has lauded the Central Bank of Nigeria’s directive, which stopped the cashing of third-party cheques above N150,000 and N3m for individuals and corporate...
View ArticleHonda to recall 250,000 vehicles for braking problems
Honda Motor Co Ltd will recall nearly 250,000 vehicles globally, including some Acura MDX crossover SUVs, due to braking problems, the automaker said, Reuters reported on Thursday. The stability assist...
View ArticlePortland Paints opens computerised factory
Portland Paints and Products Nigeria Plc has opened a computerised paint factory in Awka, Anambra State. The computerised machine delivers outstanding paint finishes, wide range of colours with over...
View ArticleGreece creditor talks break off
Talks between Greece and its international creditors over the release of the country’s next slice of bailout cash have broken off for two weeks. The creditors, known as the troika, are demanding...
View ArticleFAAC shares N886bn among three tiers of govt
The Federation Account Allocation Committee on Thursday shared N886.4bn among the three tiers of government for the month of February. The February allocation represents an increase of N310.94bn or...
View ArticleUS, Nigeria partner to address infrastructural deficit
The United States government and the Federal Government are to partner on a project that will address infrastructural deficit in the country. The Director, International Development, Acrow...
View ArticleNoah’s Ark wins creativity award
Advertising agency, Noah’s Ark Communications Limited, has been named winner of the 2012 Creative Industries Award, which is organised by the Creative Entrepreneurs Association of Nigeria in...
View ArticleGlobal shares jump on US data
Global equity markets rose on Thursday, with the iconic Dow set to extend its winning streak to 10 days, after a report pointed to a stronger labor market and a steady recovery by the United States...
View ArticleUBS chief executive paid $9m after revamp
UBS paid Chief Executive Officer, Sergio Ermotti, almost $9m and welcomed its new investment bank chief with a $26m “golden hello” in 2012, the same year the bank announced plans to fire 10,000 staff...
View ArticleExecutive planning to scuttle budget implementation –Reps
The House of Representatives on Thursday raised the alarm over an alleged move by the Executive to scuttle the implementation of the 2013 budget. President Goodluck Jonathan had signed the N4.9tn...
View ArticleCore investor pays 25% cost for Eko Disco
Ahead of the March 21 deadline, the preferred bidder for the Eko Distribution Company, West Power & Gas, has paid $33.75m, the Bureau of Public Enterprises has said. The $33.75m represents the...
View ArticleNGO introduces high-yield tomatoes
A non-governmental organisation, Rural Infrastructural Services for the Under Served Population, in collaboration with the United Nations Development Programmes, on Thursday introduced high-yielding...
View ArticleLufthansa sees profit limited by revamp costs
Lufthansa said a tough economic outlook and restructuring costs would limit operating profit growth this year and next. European carriers including Lufthansa, Air France-KLM and British Airways are...
View ArticleNSE set to introduce issuers’ portal
The Nigerian Stock Exchange has announced plans to introduce issuers’ portal in the Nigerian capital market. A statement from the NSE on Thursday said that the portal, which would be known as X-Issuer,...
View Article2013 budget: FG releases N400bn for capital projects
The Federal Government has begun the implementation of the 2013 budget with the release of N400bn for the execution of capital projects in the first quarter of the year. The 2013 budget was signed into...
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