Flour Mills advises ICAN on transparency
Flour Mills of Nigeria Plc has called on the Institute of Chartered Accountants of Nigeria to ensure increased transparency in financial reporting in the business environment. This, according to the...
View ArticleCDMA operators lose 1.14 million telephone subscribers
Digital mobile telecommunications operators deploying the Code Division Multiple Access technology lost a total of 1,140,865 subscribers from February 2012 to January 2013, the Nigerian Communications...
View ArticleEnvironmental degradation: NESREA to punish errant firms
The National Environmental Standards and Regulations Enforcement Agency has said that in the coming months, it will sanction companies engaged in the degradation of the environment. The agency said it...
View ArticleDow, S&P hit record highs
Stocks advanced on Thursday, with the Dow and the S&P 500 climbing to fresh all-time intraday highs in late morning trade after data showed jobless claims dropped more than expected, Reuters...
View ArticleJaiz Bank appoints Usman as acting MD
Jaiz Bank Plc has announced the appointment of Mr. Hassan Usman as its Acting Managing Director. The appointment, according to a statement issued on Wednesday by the bank, followed the resignation of...
View ArticleStandard council approves SON’s strategies against fake products
The Nigerian Standard Council has given the Standards Organisation of Nigeria its backing to implement its various initiatives aimed at ridding Nigeria of substandard and fake products. The Chairman of...
View ArticleUS agency, Nigerian firms meet
This week, two officials of the US Trade and Development Agency have been meeting in Lagos with business leaders to assess funding and capacity needs. Paul Alvaro Marin, Regional Director for...
View ArticleNigeria can attain food security – FADAMA boss
The Project Coordinator, FADAMA III project, Mr. Tayo Adewumi, has said Nigeria can attain food security and industrialisation with the development of the agriculture sector. He added that...
View ArticleNext phase of cashless policy slated for July
The next phase of the cashless policy will start in July, with the Federal Capital Territory, Abia, Rivers, Anambra, Kano and Ogun states coming on board. The Chief Executive Officer, Electronic...
View ArticleEkulo unveils Goya olive cooking oil
Ekulo International, marketers of Goya extra virgin olive oil, has unveiled the cooking oil version of the product in Nigeria. The marketing manager of the company, Mr. Emeka Oramadike, said in a...
View ArticleVlisco rewards outstanding Nigerian women
Vlisco Nigeria Limited has restated its commitment to its empowerment programme as it rewarded Nigerian women who have distinguished themselves in their chosen career. At this year’s “Be your dream”...
View ArticlePoverty pushed me into cab driving– Schoolteacher
Rather than starve with her retiree husband and 11-year old son, a teacher, Mrs. Temidayo Fagbenle, took up commercial driving in Ilorin, Kwara State. Success Nwogu reports For Mrs. Temidayo Fagbenle ,...
View ArticleDutch uncover large-scale meat fraud
Some 50,000 tonnes of meat supplied by two Dutch trading companies and sold as beef across Europe since January 2011 may have contained horsemeat. The meat is being recalled where possible, the Dutch...
View ArticleNSE introduces industrial index
The Nigerian Stock Exchange has introduced an Industrial Index into its Daily Official List. The Industrial index measures the performance of the top 10 performing stocks in the industrial sub-sector...
View ArticlePC sales worldwide tumbled data — IDC
Global sales of PCs fell 14 per cent in the first three months of the year, the biggest fall since research firm IDC started tracking the industry in 1994. IDC said 76.3 million units were shipped, a...
View ArticleMarks and Spencer food sales offset clothing weakness
Marks and Spencer sales rose slightly in the first three months of 2013, as good trading from its food business offset a fall in clothing sales. Like-for-like United Kingdom sales were 0.6 per cent...
View ArticleStocks rise led by technology companies
Emerging stocks rose a third day, led by technology companies, as a drop in United States jobless claims sparked optimism about the global economy. Bloomberg reports that Brazil’s Bovespa index tumbled...
View ArticleEmerging bond yields hit record low
Borrowing costs in emerging markets sank to record lows as Japan’s unprecedented monetary easing spurs demand for higher-yielding assets. The average yield on developing-nation local-currency debt...
View ArticleWal-Mart resets Vudu user IDs after hard disk robbery
United States video streaming service, Vudu, has become the latest site to reset its user passwords after a security breach. Unusually, the action was taken following the theft of several hard drives...
View ArticleCyprus to sell gold reserves for bailout
Cyprus is to sell off much of its gold reserves to help finance part of its bailout. An assessment by the European Commission says Cyprus must sell about 400m euros (£341m) worth of gold. The British...
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