US stocks retreat on Eurozone concerns
Stocks dipped on Wednesday as soft demand at an Italian debt auction kept concerns about the financial stability of the euro zone at the center of investor focus. Reuters reports that the stalemate...
View ArticleDiamond Bank gives N70bn loans to 30,000 SMEs
The management of Diamond Bank Plc said on Wednesday that it had given out N70bn loan facilities to operators of Small and Medium Enterprises across the country in the last four years. The Head, Micro,...
View ArticleSeven Energy increases gas investment to $825m
Seven Energy International Limited, an independent Nigerian oil and gas exploration, development and production company founded in 2004, has increased its gas investment in the country to $825m. The...
View ArticleFG offers Omotosho power plant to CMEC-Pacific
A subsidiary of the China Machinery Engineering Corporation, CMEC-Pacific, has been offered the Omotosho Power Plant at a price of $217.53m. A statement issued by Head of Public Communication, Bureau...
View ArticleStanbic IBTC reconnects with customers
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has unveiled an integrated brand repositioning campaign on how its customers can benefit from a new world of opportunities in banking. According to...
View ArticleBudgeting process can’t promote economic development – NIM
The Nigerian Institute of Management has picked holes in the budgeting process of the Federal Government, saying it will be difficult for the citizens to feel the impact of budgeting if identified...
View ArticleAllianz strikes $883m deal, now top Turkish insurer
FRANKFURT: Europe’s biggest insurer Allianz has secured the top spot in Turkey’s fast-growing insurance market by agreeing to buy Yapi Kredi Sigorta for about 1.6 billion Turkish lira ($883m,...
View ArticleSweet Sensation opens new outlet in Magboro
Popular quick-service restaurant, Sweet Sensation, has opened a new outlet in Magboro, Ogun State. According to the Marketing Manager, Mr. Yemy Yusuf, the new outlet, located on Lagos-Ibadan Expressway...
View ArticleTranscorp indicates plans to raise N15bn
Transnational Incorporated Plc has announced plans to raise N15bn from the capital market. The company said the fund, which will likely be raised through Rights Issue, would be used for the expansion...
View ArticleGlobal stocks rise after Cyprus banks reopen
Major stock markets recovered, with the benchmark S&P 500 stock index traded above its record closing high, and the euro edged off a four-month low on Thursday, as banks in Cyprus reopened to...
View ArticleConsumers urged to protest bad products, services
Many consumers in the country are docile and fail to seek redress from appropriate authorities when they buy defective products or receive poor services. This was the position of stakeholders at an...
View ArticleWinners emerge in Lipton promo
Unilevers Nigeria Plc, makers of Lipton, have released the names of the winners in its recently concluded Lipton switch on and win promo. During the presentation of the prizes to some of the winners in...
View ArticleSpill: Govt agencies want Shell to pay $11bn compensation
Two Federal Government agencies on Thursday at a parliamentary hearing demanded $11.5bn compensation from Royal Dutch Shell for the damage caused by an oil spill at its offshore Bonga field in December...
View ArticleFIIRO DG canvasses passage of bill on cassava
A call has gone to the National Assembly to pass into law a bill on compulsory inclusion of cassava flour in bread and confectioneries for economic growth and development. The Director-General/ Chief...
View ArticleGovt urged to initiate investor-friendly policies
Africa’s foremost specialised retail brand, CFAO Group, has called on the Federal Government to introduce investor-friendly policies and create an enabling environment that will lead to sustainable...
View ArticleReps insist on zero allocation to SEC
The House of Representatives has warned the management of the Securities and Exchange Commission, not to spend any fund on its operations this year unless approved by the National Assembly. The warning...
View ArticleIntercontinental Distillers advocates cultural renaissance
Intercontinental Distillers, Ota, has advocated cultural renaissance as a vehicle for social development. This was stated in the goodwill message delivered by the Sales Operations Manager of the...
View ArticleCBN cancels N100 monthly ATM maintenance fee
Apparently bowing to public outcry, the Central Bank of Nigeria on Thursday announced the cancellation of the N100 monthly Automatic Teller Machine card maintenance fee introduced by some banks...
View ArticleKeystone Bank deploys software to enhance operations
Keystone Bank Limited has deployed top banking technology software from IBM to enhance and record significant improvement in its operations The Managing Director/Chief Executive Officer, Keystone Bank,...
View ArticleCredit Suisse buys Morgan Stanley’s European wealth arm
Credit Suisse is buying Morgan Stanley’s wealth management arm in Europe, the Middle East and Africa, acquiring $13bn in assets in a move to offset exposure to more volatile investment banking, Reuters...
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