N77bn needed for electricity metering –FG
About N77bn will be required to procure and install electricity meters in consumers’ premises and address the existing metering gap in the Nigerian electricity supply industry, the Federal Government...
View ArticleNasdaq wants firms to trade in single venue
Exchange operator Nasdaq OMX Group wants small and emerging companies listing shares on the public markets to be allowed to choose to be traded only on the venue where they are listed so buyers and...
View ArticleDollar falls as data backs loose policy outlook
The United States dollar fell to a two-month low against major currencies on Wednesday after weaker-than-expected US economic reports reinforced expectations that the Federal Reserve would maintain its...
View ArticlePHCN advises Oyo customers against vandalism, theft
The Oyo Business Unit of the Power Holding Company of Nigeria has urged customers to protect its installations from theft and vandalism. The Business Manager of the unit, Mr. Fatai Balogun, an...
View ArticleApple taps markets for record $17bn funding
TOKYO: Apple has raised $17bn (£10.9bn) via a bond sale, the biggest ever by a non-banking company, to help fund its plan for extra payouts to shareholders, the British Broadcasting Corporation...
View ArticlePower: BPE screens 20 bids for Afam, Kaduna
The Bureau of Public Enterprises has set up a committee to screen the bids of 20 companies that have submitted financial and technical bids for Afam Power Plc and the Kaduna Distribution Company. The...
View ArticleGreeks plan 24-hour anti-austerity general strike
ATHENS: A general strike against tough austerity measures is under way in Greece, with trade unions calling for “mass mobilisation” of protesters, the British Broadcasting Corporation reported on...
View ArticleBG concludes test on Mzia well
BG Group has completed a successful drill stem test on the Mzia-2 well on Block 1, off the coast of Tanzania, upstreamonline reported on Wednesday. BG said the well flowed at a maximum rate of 57...
View ArticleQua Iboe terminal not shut down – Mobil
Contrary to media reports that Mobil Producing Nigeria Unlimited has shut down its Qua Iboe terminal, the oil giant has said it is still in operation. The General Manager, Public and Government...
View ArticleBerkshire buys Iscar for $2.05bn
Warren Buffett’s Berkshire Hathaway Incorporated on Wednesday said it paid $2.05bn cash to buy the 20 per cent it did not already own of toolmaker Iscar from the Israeli company’s founding Wertheimer...
View ArticleOil spill: Activist seeks stiffer penalties against companies
An environmental rights activist and founder of Mary-Elika Foundation, Mrs. Mary Manzo, has called on the National Assembly to enact stringent laws and come up with policies that will spell out severe...
View Article‘FG can fund only 31% of infrastructural projects’
The Federal Government cannot fund more than 31 per cent of the required investments in infrastructure, the Secretary to the Government of the Federation, Senator Pius Anyim, has said. According to...
View ArticleLondon Stock Exchange listing boosts GTB operations
The Group Deputy Managing Director, Guaranty Trust Bank Plc, Mrs. Cathy Echeozo, has said the bank’s listing on the London Stock Exchange is a boost to its operations. She said this while speaking on...
View ArticleFacebook profits from mobile advertising
Facebook has reported a jump in mobile advertising revenue, easing investor concerns over its future growth. According to a British Broadcasting Corporation report, there have been doubts over...
View ArticleMarket capitalisation rises by N340bn
Trading activities on the Nigerian Stock Exchange closed positive on Thursday as indicators recorded significant appreciation. Specifically, the market capitalisation of the listed equities hit N11tn...
View ArticleCourt orders NICON, NAICOM to pay FIRS N200m
A Federal High Court sitting in Abuja has directed NICON Insurance and the National Insurance Commission to pay about N200m to the Federal Inland Revenue Service. The amount is the indebtedness to FIRS...
View ArticleUS stocks gain as ECB cuts rate
United States stocks rose, sending the Standard & Poor’s 500 Index to a record high, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell. Facebook...
View ArticleRolls-Royce Aero boss makes surprise exit
Rolls-Royce has announced the surprise departure of Mark King as head of its key aerospace business, after only four months in charge of the newly merged division. King, who had spent 27 years at...
View Article10.2 million litres of petrol refined locally – NNPC
Though the Kaduna, Warri and Port Harcourt refineries have been operating below capacity for a long time, they are currently refining over 10.2 million litres of premium motor spirit (petrol) daily....
View ArticleScience, technology should drive Vision 2020 —NOTAP boss
For Nigeria to achieve its goal of becoming one of the top 20 economies of the world in 2020, the Federal Government must make conscious effort to create a favourable environment for science and...
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