Durable goods up on transportation, home prices advance
Demand for long-lasting manufactured goods surged in February, suggesting factory activity continued to expand at a moderate pace, even though a gauge of planned business spending slipped, Reuters...
View ArticleWall Street gains on data as S&P 500 nears record
Stocks rose on Tuesday after data on home prices and manufacturing showed the economy continues to improve slowly, with the S&P 500 index closing in on its all-time high, Reuters reported ....
View ArticleProbe after Alabama airport sign killed boy
Alabama authorities are investigating what caused an airport sign in a recently renovated space to fall and kill a 10-year old boy and leave his mother in serious condition. Heather Bresette of...
View ArticleFed orders Citigroup to improve anti-money laundering controls
Citigroup Incorporated entered into a consent order with the Federal Reserve to improve its anti-money laundering controls, after several units of the bank were subject to similar orders in 2012,...
View ArticleSaudi Telecom gives chairman new role
Saudi Telecom Company has appointed the company’s chairman as acting chief executive, two sources familiar with the matter said on Monday, in the latest management upheaval at the Gulf’s No.2 operator....
View ArticleDelta invests in Nigeria-US route
The United States carrier, Delta Airlines, has said its $3bn investment in airport facilities and technology in 2013 will benefit passengers on the Nigeria-US route. A statement by the airline quoted...
View ArticleNSE inaugurates issuers’ portal to drive transparency
The Nigerian Stock Exchange has inaugurated the first ever issuers’ portal in the capital market. The portal, called the X-Issuer, is one of the initiatives of the NSE aimed at driving transparency in...
View ArticlePetrobras may auction $5bn Agbami, Akpo stakes
Brazilian oil company, Petrobras, may auction off its stakes in Nigerian oil fields to raise cash for domestic projects. Reuters reported on Tuesday that the deal might fetch the oil company up to $5bn...
View Article‘Corporation tax decision disappointing’
NORTHERN IRELAND: The NI Independent Retail Trade Association has said the government’s delay on a decision to devolve corporation tax to Stormont was deeply disappointing, the British Broadcasting...
View ArticleNew Homes Bonus needs better scrutiny — MPs
LONDON: The government is not “adequately” monitoring the spending of its £1.3bn New Homes Bonus, aimed at boosting housebuilding, Whitehall’s spending watchdog has warned, the British Broadcasting...
View Article6th leadership conference for Accra
Integrity Communication Network Limited, publishers of Integrity International, has said it will hold its 6th International Leadership Conference in Accra, Ghana. The event, which will hold on April...
View ArticleW’Bank approves $450m for education, jobs in Nigeria
The World Bank’s Board of Executive Directors on Wednesday approved $450m for two projects in Nigeria. A statement issued by the bank said the projects were to boost employment opportunities for young...
View ArticleGT, Samsung, Hyundai seal $1.6bn ship-building contract
Bonny Gas Transport, a subsidiary of the Nigerian LNG Limited, has finalised a ship-building contract with South Korea’s Samsung Heavy Industries and Hyundai. The Acting General Manager, External...
View ArticleTechno Oil reduces cost of gas cylinders
Techno Oil Limited has announced an Easter price slash for its Liquefied Petroleum Gas cylinders in continuation of the company’s ‘giving back to society’ policy. The LPG Manager, Techno Oil, Mr....
View ArticleGlobal internet slows after ‘biggest attack in history’
GENEVA: The internet around the world has been slowed down in what security experts are describing as the biggest cyber-attack of its kind in history, The British Broadcasting Corporation reported on...
View ArticleBrent heads for $110 on US demand optimism
Oil rose towards $110 a barrel on Wednesday, extending gains after robust United States data brightened the demand outlook though festering worries over the eurozone checked the increase,...
View ArticlePower project: N’Delta targets 2015 deadline
Managing Director of the Niger Delta Power Holding Company Ltd., Mr. James Olotu, has assured of the commitment of all stakeholders towards meeting the June 2013 deadline for the completion of all the...
View ArticleBanks urged to enlighten customers on e-payment benefits
The Country Manager, Visa West Africa, Mr. Ade Ashaye, has called on banks to do more in the area of enlightening their customers on e-payment benefits. Ashaye said at a conference sponsored by Visa in...
View ArticleJapanese factory urged to establish in Nigeria
The National Petroleum Investment Management Services has urged a Japanese manufacturer of offshore oil discharge hoses and marine fenders, Yokohama Rubber Company Limited, to set up a factory in the...
View ArticlePower: Kaduna, Afam investors get April 4 deadline
The 49 firms that have expressed interest in buying into two electricity firms carved out of the Power Holding Company of Nigeria Plc, Afam Power Plc and Kaduna Distribution Company Plc, must submit...
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