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All posts tagged "featured"

  • Oil Rises to Four-Month High on Stimulus, Middle East

    Oil rose to the highest level in four months on speculation that economic stimulus in the U.S. will boost fuel demand. Concern that unrest in the Middle East and North Africa will disrupt supplies also buoyed prices. Futures advanced...

    • Posted September 14, 2012
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  • Legend beer celebrates international quality award

    For meeting international quality standards, Legend Extra Stout, Nigerian Breweries Plc’s premium stout, has received the prestigious Gold Quality Award. According to the company, the brand won the award at the 51st Monde Award ceremony recently held in Athens, Greece....

    • Posted September 14, 2012
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  • Nissan to open Assembly Plant in Nigeria

    Nissan Motors has said it is poised to open an assembly plant in Nigeria as a result of its satisfaction of the quality of infrastructure and sales opportunity in the country. Regis Tromeur, the Managing Director of...

    • Posted September 14, 2012
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  • Naira Snaps Three Days of Declines as Crude, Reserves Advance

    The naira climbed against the dollar, snapping three days of declines as crude prices and the nation’s foreign exchange reserves, increasing confidence the central bank can manage its stability. The currency of Africa’s biggest oil producer rose...

    • Posted September 13, 2012
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  • Are Smart Phones a Threat to Nigeria’s N180 billion SMS Industry?

    Telecoms companies in the country earned N180 billion from Short Message Service (SMS) sent by Nigerians in 2011.  That figure is expected to increase in 2012 as research carried out by London based Ovum Technology, an international research...

    • Posted September 13, 2012
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  • Nigeria Secures Low Interest $600 million Chinese Loan for Rail Projects

    Nigeria has signed a deal to borrow $600 million from China’s Export-Import Bank, most of which will be used to build a railway servicing the capital Abuja and surrounding areas, the finance ministry said on Wednesday. The loan was...

    • Posted September 13, 2012
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  • Privatization Council to Take Decision on DISCO bidders Today

    The National Council on Privatization is expected to shortlist the 54 companies bidding for the 11 power distribution companies in Nigeria. Some of the companies that are involved in the bid process include Honeywell Energy, Oando, Rockson...

    • Posted September 13, 2012
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  • We’ll resume flight soon — Dana Air

    The management of Dana Air on Wednesday said the carrier would recommence its flight operations very soon, the spokesman of the airline following the restoration of its operating licence by the Federal Government. Dana’s spokesman, Mr. Tony...

    • Posted September 13, 2012
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  • Power Ministry and PHCN Give Conflicting Data on Power Generation

    The Power Ministry has disputed claims that the quantum of power generation in the country has fallen by 1000 megawatts. The Permanent Secretary of the Ministry of Power, Dere Awosika, issued a statement on Tuesday disputing figures given...

    • Posted September 13, 2012
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  • Zenith Bank and Visafone Introduce EaZyMoney

    Zenith Bank and Visafone Communications Limited have introduced a new mobile money payment system that is compliant with the vision of the cashless economy. The product is called the EaZy Money and it was unveiled to the...

    • Posted September 13, 2012
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