All posts by BusinessNews Staff

• Hillary, Bill Clinton canvass global access to Internet

  Former American president Mr. Bill Clinton has called for unabated access for all thus throwing his weight behind an earlier call by America�s secretary of states Mrs. Hillary Clinton said that she believes in the concept of...

  • Posted March 26, 2011
  • 0
• India, Nigeria trade to peak at $12bn by year end

  The bilateral trade between India and Nigeria is expected to touch USD 12 billion in the current fiscal year, Commerce and Industry Minister Anand Sharma said. In 2009-10, trade between the two countries stood at USD 8...

  • Posted March 26, 2011
  • 0
• Sierra Leone adopts Arik Air as national carrier

  The partnership between Arik Air and the Sierra Leonean government may have been taken up a notch further as country adopts Arik as the flag carrier. The partnership which will see Arik Air as Sierra Leone�s international...

  • Posted March 26, 2011
  • 0
• ExxonMobil predicts huge oil production for W/Africa�s deepwater basin

  Just as the international crude oil market is jittery over supply concerns brought on by political instability in North Africa and Middle East, ExxonMobil says the West African deepwater sedimentary basins have potential for huge oil production....

  • Posted March 26, 2011
  • 0
• Libya no-fly resolution keeps oil prices volatile

  OIL prices have fluctuated last Friday after the United Nations authorised a no-fly zone over Libya. Brent crude earlier rose above $117 a barrel after the resolution, but suddenly dropped more than $3 to around $113 a...

  • Posted March 26, 2011
  • 0
• G7 countries agree on intervention to control yen rise

  THE world�s richest nations have carried out coordinated action in the currency markets to try to stabilise the Japanese yen. It is first time since 2000 that G7 countries have jointly intervened in the currency markets. The...

  • Posted March 26, 2011
  • 0
• Interbank rates fall on budget disbursals

  INTERBANK lending rates eased to 9.25 percent on average last week from 9.83 percent the previous week after the disbursal of part of monthly budgetary allocations to government agencies, traders said last Friday. The secured Open Buy...

  • Posted March 26, 2011
  • 0
• Naira recovers from 18-month lows

  THE Naira bounced from its weakest level in 18 months on Friday, buoyed by expectations that a government agency was about to make a large dollar sale, traders said. The naira strengthened to 155.80 against the dollar...

  • Posted March 26, 2011
  • 0
• Dangote boosts manpower development with academy

  TO adequately address the dearth of skilled manpower, especially in the manufacturing sector, Dangote Group has established a technical training academy to promote rapid industrialisation of the sector, using the local talent. At the academy, young, talented...

  • Posted March 26, 2011
  • 0
• Monetary Policy Committee may raise benchmark rates by 25-50 bps

  COST analysts expect the Monetary Policy Committee (MPC) to raise the nation�s benchmark interest rate by at least another 25 basis points from 6.5 percent, in a move to frontload monetary tightening as government spending continues to...

  • Posted March 26, 2011
  • 0