Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on downward trend with the All-Share Index depreciating marginally by 0.49 per cent.
Updated 6 Years ago

U.S. President Barack Obama sought support from European allies and China on Monday to isolate Russia over its seizure of Crimea, and Ukraine told its remaining troops to leave the region after Russian forces overran one of Kiev's last bases there. Obama, who has imposed tougher sanctions on Moscow than European leaders over its takeover of the Black Sea peninsula, will seek backing for his firm line at a meeting with other leaders of the G-7 - a group of industrialised nations that excludes Russia, which joined in 1998 to form the G-8.
Updated 6 Years ago

Nigerian banks in conjunction with Nigeria Interbank Settlement Scheme (NIBSS) have commenced a communication awareness campaign to enlighten Nigerians on the benefits of e-payment platforms, urging them to adopt these payment options.
Updated 6 Years ago

The Chinese economy will continue to face more volatility as the country wrestles with credit problems, says New Zealand's Finance Minister Bill English. "There's clearly a will [in China] to allow some defaults to try and work through the credit build up," English told CNBC Asia's "Squawk Box" on Tuesday.
Updated 6 Years ago

The Edo State Government yesterday put its monthly Internal Generated Revenue (IGR) at an average of N1.5 billon.
Updated 6 Years ago

The Nigerian Stock Exchange (NSE) yesterday launched a whistle-blowing portal (NSE X-Whistle) that will enable operators, investors and other stakeholders, disclose information aimed checking market infractions and protecting investors.
Updated 6 Years ago

As the European Union steps up its response to Russian president Vladimir Putin’s annexation of Crimea, German companies are urging caution lest sanctions harm their business ties -- and Europe’s shaky economic recovery. The EU’s biggest economy has a lot riding on Russia. Volkswagen AG, Siemens AG, and HeidelbergCement AG are among the largest foreign investors there, the economic linchpin of a relationship nurtured by successive Berlin governments. Retailer Metro AG sells groceries to Russians, Adidas AG clothes the national soccer team, and Deutsche Lufthansa AG flies to more Russian cities than any other western European carrier.
Updated 6 Years ago

Hyundai Motors Nigeria has inaugurated a sales offer in partnership with First Bank Plc., to enable more desiring customers to experience Hyundai’s cutting-edge technology, the company’s officials have said.
Updated 6 Years ago

Ukrainian Dmitry Firtash, arrested in Vienna this month on an American warrant for bribery and other charges, may hand over a treasure trove of information about deals involving Russian state gas exporter OAO Gazprom (GAZP) that the U.S. would consider corrupt, said Mikhail Korchemkin, a former analyst for the Soviet Union’s Gas Ministry in Moscow and founder of Malvern, Pennsylvania-based East European Gas Analysis.
Updated 6 Years ago

In a mystery fit for the tumultuous history of Russia's ostentatious elite, the 8-cm (3-inch) golden egg was spirited out of St Petersburg after the 1917 Bolshevik Revolution and then disappeared for decades in the United States. An unidentified man in the United States spotted the egg while searching for scrap gold and purchased it for $14,000, hoping to make a fast buck by selling it to the melting pot.
Updated 6 Years ago