Sterling Bank’s shareholders approve bid to raise N31.2bn
The shareholders of Sterling Bank Plc have approved the bank’s proposal to raise additional capital of N31.2bn. Specifically, the shareholders at the bank’s Annual General Meeting in Lagos on Thursday...
View ArticleOne million women farmers to get mobile phones – FG
The Ministries of Agriculture, Finance, Communications Technology and Women Affairs have signed a Memorandum of Understanding for the provision of mobile phones to one million women farmers in 2013....
View ArticleBSkyB to create 550 new jobs
BSkyB has said it will create 550 new jobs due to strong demand for its products and services. The British Broadcasting Corporation reports that the group, which provides TV, broadband and fixed-line...
View ArticleN’Assembly to check Executive’s control of budget preparation
The National Assembly is set to begin proper scrutiny of the yearly budgets submitted by the Executive with the move to establish its Budget and Research Office. A bill, which has been presented to...
View ArticleChina money market softens further as liquidity returns
China’s money rates eased on Thursday after a three-day holiday as cash flowed back into the market after banks and their corporate clients wound down a scramble to make tax and reserve escrow...
View ArticleMarket research’ll grow by double digits this year — TNS boss
The Chief Executive Officer, TNS, West, East and Central Africa, Mr. Adeola Tejumola, in this interview with DAYO OKETOLA, says marketing research spending in Nigeria is rapidly increasing....
View ArticleUAE companies make sizeable investments in Nigeria –Report
Several United Arab Emirates companies have made sizeable investments in Nigeria, while Nigerian real estate investors are investing in Dubai. The Dubai Chamber of Commerce and Industry announced this...
View ArticleTsogo Sun to invest N15bn in Nigeria, Mozambique
Tsogo Sun Group, owners of Southern Sun Ikoyi Hotel and other subsidiaries across Africa, has announced plans to invest $100m (N15bn) in two key projects of its subsidiaries in Nigeria and Mozambique....
View ArticleMandilas gets NIS ISO 9001:2008 certificate
THE Standards Organisation of Nigeria has presented the NIS ISO 9001:2008 Certificate to Mandilas Enterprises Limited in recognition of the company’s efforts at providing quality services to the...
View ArticleBMW profits fall on tougher European markets
BMW saw profits fall in the first quarter of 2013 after the carmaker suffered tougher trading in Europe. According to a British Broadcasting Corporation report, net profits at the German company fell...
View ArticleECB cuts rates to support euro zone economy
The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation, Reuters...
View ArticleMumbai eateries on strike against new service tax
Mumbai: Millions of Mumbaikars could go hungry next Monday as around 20,000 hotels, restaurants, licensed tea and snacks outlets as well as ubiquitous vada-paav stalls go on strike to protest the new...
View ArticleNotore, ContourGlobal partner on 500MW power plant
Notore Power Limited (Notore Power), an indigenous independent power producer, has signed a Joint Development Agreement with ContourGlobal to develop, construct, finance and operate a gas-fired power...
View ArticleGroup organises road safety capacity building workshop
The Nigerian Road Safety Partnership has completed a two-day road safety awareness and capacity building workshop for residents of Abuja. The workshop, which was sponsored by Shell Petroleum...
View ArticleNSE’ll inaugurate derivatives market in 2014– Dangote
The Nigerian Stock Exchange has disclosed plans to inaugurate a derivatives market by next year. The Council President, NSE, Alhaji Aliko Dangote, made this announcement at the 52nd Annual General...
View ArticleGas cooker vs stove: Consumers divided on suitable choice
Despite the harsh economic situation in the country, household items are still vital for every family and all classes. In the past, it was believed that cooking with gas was for wealthy Nigerians and...
View ArticleLufthansa agrees to inflation-busting pay deal
Lufthansa agreed an inflation-busting pay settlement with the Verdi union, representing 33,000 workers, ending a dispute which had threatened to drive customers to rival airlines. While Lufthansa...
View ArticleEmerging equities fall on data
Most emerging-market stocks fell as weaker growth in Chinese manufacturing overshadowed monetary easing in Europe and the prospect of interest-rate cuts in India. Bloomberg News reported on Thursday...
View ArticleCall for quick passage of PIB intensifies
As the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke leads Nigeria’s contingent to Offshore Technology Conference 2013 in Houston, Texas, United States this month, deliberations on quick...
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...
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