Business

Mozambique plans sovereign wealth fund

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12 years ago

Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country’s finance minister said Thursday. “We think it’s…

China fines foreign eyewear makers in price crackdown

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12 years ago

China on Thursday fined several foreign eyewear makers more than 19 million yuan ($3.1 million) for “price manipulation”, the government…

Uganda joins oil producers in 2016

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12 years ago

Uganda’s finance minister said on Thursday that the country hopes to begin full-scale oil production within two years, but vowed…

Malaysia Airlines union urges CEO to resign

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12 years ago

Malaysia Airlines’ workers’ union called Thursday for the struggling carrier’s top managers to step down, adding to pressure with the…

No driver needed: Google unveils a self-driving car

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12 years ago

The world has seen pilotless aircraft called drones. We have seen driverless trains. Now Google is set to unveil a…

Oil tanker explodes, sinks off Japan coast

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12 years ago

An oil tanker was sinking off the Japanese coast Thursday after a large explosion and subsequent fire that sent towering…

Nigeria can draw international attention and investment – Experts

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12 years ago

The McKinsey Global Institute (MGI), an international economic and business concern, said that Nigeria was endowed and strategically positioned to…

No regrets concessioning power plant – Sambo

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12 years ago

Vice-President Namadi Sambo on Wednesday said the Federal Government had no regret in concessioning Shiroro Hydro Power Plant to North…

Ogun debt profile rises marginally

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12 years ago

Abiodun Onafuye,Abeokuta The Ogun State Government Wednesday revealed that its debts profile had risen marginally to N37.9 billion as at…

Boko Haram Won’t Hinder Foreign Investment —Consultant

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12 years ago

The present state of insecurity in the country caused by the Boko Haram sect will not hamper foreign investment in…

Lagos to abolish charges on telecom operators

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12 years ago

The Lagos State Government on Tuesday expressed its readiness to abolish arbitrary charges on telecommunication operators in the state. This…

Group lauds FG’s industrial cities plan

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12 years ago

The Nigerian Association of Small Scale Industrialists (NASSI), Bauchi State Chapter, has said the Federal Government’s plan to establish industrial…

Nigeria’s consumer market worth $400bn yearly – US Institute

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12 years ago

Nigeria’s consumer market is worth more than 400 billion US dollars, the McKinsey Global Institute (MGI) announced in its report…

S.Africa economy shrinks for first time since ‘Great Recession’

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12 years ago

South Africa’s economy shrank in the first quarter of the year, in the worst performance recorded since the global recession…

Samsung boss regains consciousness after 2 weeks

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12 years ago

Samsung Electronics Chairman Lee Kun-hee has regained consciousness after over two weeks following an emergency surgery after a heart attack,…

Accor buys 97 hotels for 900 mn euros

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12 years ago

Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total…

Nigeria: Up up goes electricity tariff

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12 years ago

The Nigerian Electricity Regulatory Commission (NERC) on Monday announced an increase in electricity tariff by between N1 and N5. NERC…

Nigeria needs $30bn for gas production – Senate

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12 years ago

The Chairman, Senate Committee on Gas Resources, Senator Nkechi Nwaogu says 30 billion dollars is required for the development of…

World Cup: 4 Arik Air customers get all-expense-paid trip

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12 years ago

Arik Airline on Monday said it had rewarded four loyal customers with an all-expense-paid trip to Brazil following the conclusion…

30 Nigerian CEOs pledge N56bn CSR intervention

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12 years ago

Thirty Chief Executive Officers (CEOs) of Nigerian companies have pledged their commitment to boost government’s effort in expanding the economy…

France to assist Oyo State in micro-finance enterprises

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12 years ago

France has pledged its readiness to assist Oyo State in the provision of credit to small scale enterprises through the…

Total to stop gas flaring in Nigeria

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12 years ago

Total, a French oil and gas company, has expressed its determination to be the first multinational oil and gas company…

Dangote Sugar targets 2mn tonnes annually

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12 years ago

The Dangote Sugar Refinery says its target is to produce about 2 million tonnes of sugar per annum from locally…

French firm to train Nigerian engineers

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12 years ago

A French renewable energy company, Vergnet, has announced its plan to train six Nigerian engineers on wind farm technology, to…

FG plans massive improvement in national grid

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12 years ago

Benjamin Dikki, Director-General, Bureau of Public Enterprises (BPE), said Nigeria was planning massive improvement in the national grid system. The…

NSE capitalisation rises by N92bn

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12 years ago

Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with the market capitalisation appreciating further by…

DPR uncovers illegal oil factory, arrests 3 workers

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12 years ago

The Department of Petroleum Resources (DPR) on Friday uncovered and sealed an illegal engine oil manufacturing factory in Usubu village,…

GTBank wins second African bank of the year

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12 years ago

Guaranty Trust Bank (GTBank) Plc has won the “2014 African Bank of the Year”, award by African Banker Magazine. NAN…

Kwara Govt adopt PPP to boost agro-business

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12 years ago

The Kwara Government said on Friday that it would adopt public private partnership (PPP) strategy to boost agriculture in the…

Jonathan Signs 2014 Budget

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12 years ago

Oluokun Ayorinde/Abuja President Goodluck Jonathan this morning signed the 2014 Appropriation Act into law. Following this, the president directed Dr.…

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