Tag: business news
JMG To Handle MTN’s N1.3bn Network Upgrade
MTN Nigeria has awarded a £6million (N1.3billion) contract for the modernization of it mobile communications network in the country to…
Demand Implementation Of Oil Sector Audit Report —EITI
Extractive Industries Transparency Initiative, EITI, an international body that preaches transparency in the management of oil, gas and mineral resources,…
Exhibitors Woo New Power Sector Investors
Over 100 power product exhibitors from 16 countries were in Lagos last week to showcase the various products to new…
StarTimes Faces Fund Crisis
There are indications that StarTimes, the Chinese-owned digital payTV service provider is facing a financial crisis, which now hinders its…
Nigeria approves N15b cheap loans for farmers
Ayo Oluokun/Abuja Nigeria’s Federal Government has approved the grant of N15 billion, about $10m to the Bank of Agriculture (BOA),…
Dangote Cement profits jump in half year result
Dangote Cement Plc says its 2013 first half pretax profit surged by 52 percent to N107.7 billion ($670 million) from…
OPEC optimistic On Oil Demand Growth In 2014
World oil demand will pick up at a faster rate in 2014, the oil exporting cartel OPEC said on Wednesday,…
Samsung Unveils New Cameras
Samsung Electronics West Africa, has unveiled its line-up of high-performance smart cameras. The products, unveiled at an elaborate event in…
Loss of Lipitor clone dents Q1 profit of Ranbaxy
India’s biggest drugmaker Ranbaxy said Wednesday its quarterly net profit slid 90 percent, hit by the loss of exclusive rights…
Lafarge WAPCO’s profit rises in Q1
Lafarge WAPCO, the cement producer has recorded a 50 per cent rise in its first quarter profit for this year.…
Shell begins search for new CEO as Voser retires
Global energy giant Shell has begun the search for a new chief executive following the surprise announcement that incumbent Peter…
Britain avoids another recession
Britain avoided falling into a third recession since the 2008 global financial crisis after its economy grew by a better-than-expected…
EFCC Arraigns Indian Businessman Over N13m Fraud
The Economic and Financial Crimes Commission, EFCC, today arraigned an Indian Businessman, Patrick Fernadez before an Ikeja High Court over…
Alaba Suru Traders Protest Threat of Market Closure
Traders of Suru-Alaba Market, located along Lagos-Badagry Express way, recently stormed Alausa, Lagos State’s seat of power to protest against…
MFB Boss Gives Tips On How To Secure Loans
The Managing Director/Chief Executive Officer, Bosak Microfinance Bank, MFB, Mr. Kola Bello, has said that one of the ways small…