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19 May 2015
A RESURGENT euro in the wake of weak U.S. data hit European stocks, even as bond markets stabilised after a recent rollercoaster sell-off. The pan-European FTSEurofirst 300 index closed down 0.5 percent at 1,573.09 points — with export-focused German stocks among the hardest hit — after the euro hit a session high against the dollar.…
OKONJO-IWEALA-OK
19 May 2015
For serious economies, local incentives that will assist exporters of value-added products in managing their operational costs and ensuring maximal business profits as well as returns for government are developed and effectively managed. For value-chain drivers in the country, accessing the Export Expansion Grant (EEG) within the last two years after it was suspended for…
19 May 2015
TEXACO Nigeria Outershelf Limited has donated a hybrid library with an attractive building equipped with Internet facilities and other basic amenities to Ilaje High School, Igbokoda in Ilaje Local Council of Ondo State to improve education and facilitate learning among the students and teachers of the riverine area. It was the initiative of a Chevron…
19 May 2015
CONCERNED by the dependent nature of Nigeria’s economy and the need to tackle the growing number of unemployment across the country, organiser of Nigeria Hotel and Tourism Investment Conference (NHTIC) 2015 has said that the conference is targeted at diversifying the nation’s economy and tackle employment challenges in the country. Speaking in Lagos, the organiser…
19 May 2015
EXPERTS in the card and payment industry will share insight into latest developments in the sector at the 2015 CardExpo forum. The event, which is scheduled to hold from June 23 to 25, in Lagos, will have as its theme “Innovation: The Future of Epayment”. It is aimed at focusing on the future payment vision,…
19 May 2015
THE Federal Government, through the office of National Bureau of Statistics (NBS), has announced a major policy reversal, saying Nigeria’s official man hours of labour for classification as employed is no longer 40 hours but 20 hours and upwards. Giving an insight into the major reclassification of the nation’s man hour benchmark in Abuja, Director,…
19 May 2015
NIGERIAN Aviation Handling Company (NAHCO) and the Association of Nigeria Customs Licensed Agents (ANCLA) at the weekend reached a consensus on the issue of adjustment in Air Cargo tariff and agreed for a 20 percent increase. The agreement means that NAHCO would have to revise downward the initial 30 percent increase it had started implementing…
19 May 2015
THE 1.2 billion cubic feet of gas flared daily could avail the nation about 7,000MW of efficient thermal power, over 1,400 agro processing facilities, 350 textile plants, 70 fertilizer plants with opportunity for creation of over one million jobs. This is the assertion of the Group Managing Director, Oilserv Limited, Emeka Okwuosa, in a paper…
19 May 2015
UNITED Cement Company of Nigeria (UNICEM) N93 billion second cement plant evacuation road projects in Cross River State to be ready soon. Conducting some newsmen on a facility tour of the projects in Mfamosing and Odukpani, at the weekend, the Managing Director of UNICEM, Olivier Lenoir said, already work on the two projects have reached…
19 May 2015
. Nigeria’s production increases by 19,500bpd in April It would thus be premature to suggest that Organisation of Petroleum Exporting Countries (OPEC) has won the battle for market share. The battle, rather, has just started, a new report by International Energy Agency (IEA) said on Wednesday. According to IEA, fresh data on worldwide crude production…
19 May 2015
Oil Marketers Association of Nigeria and Depot Petroleum Products Marketers Association have called on the Federal Government to offset the outstanding subsidy claims to enable them import pertrol.
19 May 2015
The Nigerian Stock Exchange [NSE] was mixed last week as the market indicators – All Share Index [ASI] and market capitalisation reported a weekly gain 0.15 per cent and 0.16 per cent respectively. Thus, the NSE-ASI and market capitalisation rose by 51.19points and N0.02billion to close at 34,439.40points and N11.70trillion ($59.37bn) respectively The NSE Lotus…

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13 mins ago
Roman Abramovich said Saturday owning Chelsea had been the "honour of a lifetime" after the Premier League club said the sale to a consortium led by Todd Boehly, the co-owner of baseball's Los Angeles Dodgers, was expected to be completed by Monday. Chelsea were put on the market in early March, days before Abramovich was…
34 mins ago
Real Housewives of Lagos Stars (RHOL) Carolyna Hutchings and Toyin Lawani (Tiannah) took to Twitter to exchange words. The reality TV stars and former friends took to Twitter to accuse each other over their wrongdoings. Carolyna had called Toyin out for allegedly spreading rumours about her marriage to Musa Danjuma, which ended in 2019. She…
1 hour ago
Police Command in Bauchi on Saturday appealed to the general public to remain calm as normalcy is restored following the civil disturbance in Yelwan kagadama area of Bauchi metropolis. This is contained in a statement issued by the spokesperson of the command SP Ahmed Wakil  made available to newsmen in Bauchi. He revealed that there was…
1 hour ago
The Adamawa Judicial Service Commission has announced the dismissal of 11 personnel, demoted a Magistrate and 20 other workers. This is contained in a statement by Hindatu Lamorde, the Commission’s Secretary, on Saturday in Yola. She said the Magistrate was demoted to the pisition of Registrar for involving in corrupt practices. Lamorde said that 20…
2 hours ago
Greece said Saturday some 40,000 illegal migrants had been blocked from entering the country along the northern border with Turkey since the beginning of the year. Greece is often the country of choice for migrants fleeing Africa and the Middle East to try to reach a better life in the European Union. Many come via…