Tag: Business

Global wage growth falls to lowest level in four years
December 17, 2016 No Responses

Global wage growth falls to lowest level in four years

Wage growth around the world has decelerated since 2012, falling from 2.5 per cent to 1.7 per cent in 2015, its lowest level in four years . If China, where wage growth was faster than elsewhere, is not included, growth...
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Lafarge Africa Photo News
December 17, 2016 4 Responses

Lafarge Africa Photo News

L – R, Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Mrs. Folashade Ambrose-Medebem, Communications & Public Affairs Director, Lafarge Africa Plc; Mr. Oscar N. Onyema, OON, Chief Executive Officer, N...
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NIMASA DG tasks NUJ on balanced reports
December 16, 2016 No Responses

NIMASA DG tasks NUJ on balanced reports

The Director General of Nigerian Maritime Adminstration and Safety Agency (NIMASA), Dr Dakuku Peterside has charged the Lagos Council of Nigeria Union of Journalists (NUJ) to ensure balance while reporting national affairs.   According to Dakuku, the role of ...
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UN names Amina Mohammed as Deputy Secretary-General
December 16, 2016 No Responses

UN names Amina Mohammed as Deputy Secretary-General

Incoming UN Secretary-General António Guterres has announced Amina Mohammed as his Deputy Secretary-General. Mr. Guterres made the announcement through the spokesman of the Secretary-General, Stephane Dujarric. Mohammed, Nigeria’s current Minister of Enviro...
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Adama Barrow to declare self Gambia president
December 16, 2016 No Responses

Adama Barrow to declare self Gambia president

(BBC) The Gambia’s President-elect, Adama Barrow, has told the BBC he will declare himself president on 18 January despite incumbent Yahya Jammeh’s rejection of the election result. He said his team was preparing for his inauguration and he urged M...
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Senate rejects Magu as EFCC chairman
December 16, 2016 No Responses

Senate rejects Magu as EFCC chairman

Citing security report, the Senate on Thursday rejected the nomination of Ibrahim Magu as Chairman of Economic and Financial Crimes Commission (EFCC). Spokesperson of the Senate, Aliyu Abdullahi, who emerged from a closed-door meeting where Mr. Magu’s confir...
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Buhari presents N7.2tri Budget for 2017
December 15, 2016 No Responses

Buhari presents N7.2tri Budget for 2017

President Muhammadu Buhari on Wednesday presented a N7.298 trillion 2017 budget before the joint session of the National Assembly. The presentation was made in Abuja with members of the senate and House of Representatives in joint session. President Buhari exp...
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Jaguar Land Rover recognized as one of Africa’s best brands
December 15, 2016 No Responses

Jaguar Land Rover recognized as one of Africa’s best brands

Jaguar Land Rover South Africa and sub-Sahara Africa has been recognised as one of Africa’s top brands, at the World Brand Congress awards of 2016. The awards ceremony took place in Mauritius, one of the markets Jaguar Land Rover operates...
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Customs intercepts truck with adulterated diesel products
December 15, 2016 No Responses

Customs intercepts truck with adulterated diesel products

The Nigeria Customs Service ((NCS), Federal Operations Unit (FOU),  Zone ‘C’ Owerri has intercepted a truck suspected of carrying adulterated diesel product. According to the Customs Area Controller in charge of the unit, Comptroller Mohammed Uba Garba, t...
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NSE admits N6.3b Wema Fund SPV Bond
December 15, 2016 No Responses

NSE admits N6.3b Wema Fund SPV Bond

The Nigerian Stock Exchange (NSE) has announced the Listing by Introduction of N6,295,000,000 Series 1:7-Year 18.50% Fixed Rate Bond Due (2023) under the N50,000,000,000 Wema Funding SPV Plc Debt Issuance Programme.   Commenting on the listing, Oscar N. Onye...
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Chevron cancels $1.9B FPSO order
December 15, 2016 No Responses

Chevron cancels $1.9B FPSO order

Chevron North Sea Limited has canceled its order for a Floating Production Storage Offloading (FPSO) unit at South Korea’s Hyundai Heavy Industries. The shipbuilding contract, signed in April 2013, was valued at KRW 2.157 trillion (around USD 1.85 billion)...
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Kia gets two ‘good design’ awards
December 15, 2016 No Responses

Kia gets two ‘good design’ awards

Kia Motors has won two 2016 GOOD DESIGN awards, for the Telluride Concept and the production Cadenza sedan, in the program’s ‘Transportation’ category. This is the seventh consecutive year in which the Korean manufacturer has received GOOD DESIGN awards,...
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NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory
December 14, 2016 No Responses

NLNG completes $12m USP scheme, commissions UNIMAID engineering laboratory

Nigeria LNG Limited (NLNG) has completed one of its flagship Corporate Social Responsibility (CSR) programmes, the University Support Programme (USP), with the commissioning of the sixth $2 million engineering laboratory at the University of Maiduguri (UNIMAID...
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Lagos records 246 murder cases, 162 rape in one year
December 14, 2016 No Responses

Lagos records 246 murder cases, 162 rape in one year

Not less than 246 persons were murdered in Lagos between December 2015 and November 2016. Also within the period, 542 vehicles were stolen and 486 armed robbery suspects arrested, 162 rape/defilement cases reported  and 51 kidnapped cases were recorded while....
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