Tag: business news
Profits plunge for Peugeot, Societe Generale
Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for…
Governor Amosun dangles carrots to investors
Abiodun Onafuye/ Abeokuta Government of the Western Nigerian state of Ogun says its reform programmes and policies in all sectors…
China’s manufacturing expands
China’s manufacturing activity surged to a 19-month high in December, British bank HSBC said Monday, adding to signs of recovery…
Mutual Benefit Posts N10b Income
The Chairman of Nigeria’s Mutual Benefits Assurance Group, Mr Chamberlain Oyibo, on Thursday said the group recorded N10.1 billion gross…
Apple’s iPhone loses name battle with Mexico’s iFone
A Mexican telecommunications firm named iFone has declared victory in a trademark battle with Apple’s iPhone, exposing the US company…
Witness exonerates defunct Bank PHB CEO
A prosecution witness, Mr Benedict Omonua, on Tuesday exonerated a former Managing Director of Bank PHB, Francis Atuche, of the…
Sweet potato can replace wheat, says scientist
A Rwandan agricultural scientist, Mr Kirimi Sindi, has advised African countries to use sweet potato flour for confectioneries as an…
Brazil slaps $17.5m fine on Chevron for Rio spill
Brazilian authorities said Monday they were slapping a $17.5 million fine on US oil firm Chevron in connection with a…
Lottery can earn N360billion for Nigeria
Nigeria has the potential to earn at least N360 billion from lottery per annum, Director -General of the National Lottery…
Nigeria’s market records more gains
Twenty seven equities on the Nigerian Stock Exchange extended gains today with the banking stocks leading the way. Out of…
Orient refinery for completion next year
The management of Orient Petroleum Resources Plc (OPR), said its refinery, which would be sited at Nsugbe-Umuleri in Anambra, would…
Nestle plc, New Gold gain most as market resumes
Nestle Nigeria Plc, one of the highest priced stocks on Nigeria’s bourse packed on additional N11.03 weight today as the…
FCMB posts higher profits half year
First City Monument Bank (FCMB) has reported a 26 per cent increase in profit after tax for its half year…
NB Plc shareholders approve N22.69b dividend
Shareholders of Nigerian Breweries Plc have approved the payment of a total dividend of N22.69 billion for the financial year.…
7 illegal refineries destroyed in Niger Delta
A joint team of Army and State Security Service (SSS) personnel has destroyed seven illegal refineries located along the creek…