Portugal to cut spending after court ruling
Portugal’s government will cut spending to meet targets agreed with its lenders after a court overturned key austerity measures, Prime Minister, Pedro Passos Coelho, said on Sunday. Reuters reported...
View ArticleNCC directs mobile operators to conclude subscriber registration
Ahead of the introduction of mobile number portability in the country, the Nigerian Communications Commission has directed mobile network operators to tidy up the registration of subscribers on their...
View ArticleNo cheaper food yet in US — Analysts
Consumers can’t yet bank on a year of cheaper food, despite predictions for bulging grain crops in the United States and other major global producers that have dragged futures prices back from last...
View ArticleFirms return to court over Martha Stewart
Macy’s Incorporated and rival, JC Penney Company Incorporated, were due back in court Monday in their battle over Martha Stewart home goods after a month-long mediation effort appeared to have failed....
View ArticleFG may recalculate GDP in 2014
The rebasing of Nigeria’s Gross Domestic Product, which is expected to increase the estimated size of the economy by around 40 per cent, is likely to be delayed until next year. Reuters quoted the...
View ArticleUS stocks rise as investors await earnings
Stocks rose slightly in a volatile session on Monday as investors were reluctant to make large bets going into an earnings season that is expected to be lackluster. Forecasts for first-quarter earnings...
View ArticleICAN picks holes in Petroleum Industry Bill
The Institute of Chartered Accountants of Nigeria has faulted some provisions of the Petroleum Industry Bill currently with the National Assembly, saying some of its sections, if passed, could “derail...
View ArticleExperts tackle succession planning problems
To tackle the problems related to succession planning, which is faced by many organisations, especially schools, the Association of International School Educators in Nigeria hosted a one-day conference...
View ArticleUS envoy urges cooperation against Internet theft
China and the United States must cooperate on combating Internet theft, the United States envoy to China said on Tuesday, the latest comment in an issue that has become a thorn in relations between...
View ArticleTruContact unveils 2013 award theme
TruContact Limited, organisers of the Social Enterprise Report and Awards, has unveiled the theme for the 2013 edition of the awards, which is in its seventh year. According to the management of the...
View ArticleWhy many Nigerian airlines have gone under —Boyo
The Managing Director of Overland Airways, Captain Edward Boyo, has listed wrong selection of aircraft and high equipment financing cost as some of reasons responsible for high rate of airline casualty...
View ArticleNorth Korea workers fail to turn up at Kaesong
North Koreans have failed to report for work at the Kaesong Industrial Complex, suspending one of the few points of co-operation between the Koreas, the British Broadcasting Corporation reported on...
View ArticleUK industrial production beats expectations
Manufacturing output rose 0.8 per cent in February, the British Broadcasting Corporation reported on Tuesday. Industrial production rose by more than expected in February, but the trade gap widened,...
View ArticleSummer: Airfares to Europe, US may rise by 50%
Intending air passengers from Nigeria to Europe, North America, Dubai, South Africa and other choice vacation destinations during this year’s summer may pay about 50 per cent more in fares, findings by...
View ArticleBankers’ Committee to investigate excess bank charges
The Bankers Committee of the Central Bank of Nigeria on Tuesday said it would investigate alleged excessive charges imposed on customers by Deposit Money Banks. The committee pointed out that by the...
View ArticleFG resolves Nigerian traders’ dispute with Ghana
The Federal Government has succeeded in ending reported hostilities against Nigerian traders in Ghana as it has been able to secure the Ghanaian government’s closure of over 40 shops belonging to...
View ArticleForeigners crowding out indigenous entrepreneurs – LCCI
Poor access to credit by indigenous entrepreneurs is the leading reason why foreign investors are gradually taking over businesses in the country, the Lagos Chamber of Commerce and Industry has said....
View ArticleNigeria, Canada to collaborate on power, mining, others
Nigeria is set to partner with Canada in the areas of power generation, mining, aviation and film production. The Minister of Trade and Investment, Mr. Olusegun Aganga, disclosed this to State House...
View ArticleBRACED states seek investment fund to boost development
The South-South states, also known as BRACED states are seeking to establish an, investment fund to boost economic development in the region. BRACED is an acronym for Bayelsa, Rivers, Akwa Ibom, Cross...
View ArticleUS stocks rise amid earnings
United States stocks rose, sending benchmark indexes toward record closing highs, on optimism over corporate earnings and as commodities gained amid a report showing China’s inflation slowed....
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