Telephone subscribers grew by 1.2 million in one month
Despite a slowdown in other parts of the world, the active telephone subscriber base in Nigeria has continued to grow. Between December 2012 and January 2013, 1.2 million new subscribers were added to...
View ArticleInterContinental sells Park Lane Hotel for $457m
InterContinental Hotels Group Plc agreed to sell its London Park Lane Hotel to Middle Eastern investors for £301.5m ($457m) as it sharpens its focus on managing properties and brands. According to...
View ArticleGuild woos town planners to tackle building collapse
The rank of professionals in the built environment teeming up to fight the scourge of building collapse is swelling by the day and the umbrella organisation formed specifically for that purpose, the...
View ArticleGlobacom expands network,upgrades infrastructure
Telecommunications operator, Globacom, has commenced a massive network expansion and technical upgrade that will significantly enhance the quality of customer experience. A statement from the firm on...
View ArticleEmerging stocks rise to two-week high
Emerging-market stocks rose to a two-week high, paring the worst start to a year since 2008, as investors speculated that South Korea will announce measures to aid the nation’s property market and...
View ArticleClimate change threatens urban poor food security – Report
Policies to increase food security in the global South focus too much on rural food production and not enough on ensuring poor people can access and afford food, especially in urban areas, says a...
View ArticleForeign direct investment in Nigeria tops $6.8bn
The total value of Foreign Direct Investment in Nigeria in 2012 was $6.8bn, representing an increase of 17.24 per cent. Analysts at Financial Derivatives Company Limited, in a report made available to...
View ArticleUBA picks up awards in Cameroon, Senegal
Two country subsidiaries of United Bank for Africa Plc have emerged the ‘Best Banks’ in their respective countries, Cameroon and Senegal. A statement by the bank on Monday said UBA Cameroon and UBA...
View ArticleSony mobile unveils android smartphone, Xperia Z
Sony Mobile Communications has introduced to the Nigerian market a multi-faceted Android smartphone, Xperia Z, which offers a complete office with integrated features. The smartphone features one-touch...
View ArticleRlg Communications, FRSC canvass safety on roads
Information and Communications Technology products manufacturing company, Rlg Communications Nigeria Limited, is collaborating with the Federal Road Service Corps to promote safety on the roads. The...
View ArticleNovartis loses landmark India patent case on Glivec
India’s top court rejected Swiss drugmaker Novartis AG’s plea for patent protection of its cancer drug, Glivec, a move likely to boost the prospects of Indian pharmaceutical firms over their foreign...
View ArticleOil theft: Agip suspends operations in Bayelsa
Italian oil firm, Eni, says it has shut down its activities in the swamp area oil fields in Bayelsa State, from which it produced about 40,000 barrels of crude oil daily, over a growing wave of illegal...
View Articlee-Learning will revolutionise education sector –Stakeholders
Owing to the fact that the country’s educational system lacks the capacity to accommodate the number of Nigerians seeking to be educated, stakeholders in the Information Technology and educational...
View ArticleEgypt to reintroduce deposit operations, cancels repos
Egypt’s central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting on Tuesday, in a monetary tightening move that economists said could help...
View ArticleIndia’s growth to pick up in 2013/14 — Minister
India’s economy is capable of absorbing $50bn in foreign direct investment per year, the nation’s Finance Minister, P. Chidambaram, said on Monday, adding that the government is committed to reforms to...
View ArticleDevelopment: Amosun woos Ogun indigenes in Diaspora
Ogun State Governor, Ibikunle Amosun, has urged indigenes of the state in foreign countries to support his administration’s development agenda. Speaking during a discussion session with Ogun indigenes...
View ArticleWe have provided 80,000 SIMs to NIBSS – MTN
In a bid to advance the cash-less policy, MTN Business, the business-to-business division of MTN Nigeria, has provided 80,000 Subscriber Identification Module cards to the Nigeria Inter-Bank Settlement...
View ArticleArgentine bonds fall on govt proposal
Argentina’s dollar-denominated debt dropped on speculation the government’s offer to pay defaulted debtholders on similar terms as past restructurings will spur a United States court to order the...
View ArticleNSE commences supplementary market making today
Activities of supplementary market makers will begin today (Tuesday) on the Nigerian Stock Exchange. The supplementary market makers are to act as a backup to the 10 primary market makers, which are...
View ArticleDollar slumps as US data disappoints
The dollar fell across the board on Monday, sliding to a nearly four-week low against the yen, as softer-than-expected United States manufacturing data for March interrupted a run of generally upbeat...
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