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Hon. Rotimi Amechi “Government must not be for one section of the Society.It must be for the rich and the poor,emphasizing the upliftment of the poor...”
At the end of trading on the floor of Nigeria Stock Exchange (NSE) yesterday, market indicators that started picking up after the crash due to the leadership crisis, depreciated once again to end the market on a negative note.
The volume and value of traded equities all beared on the floor of NSE yesterday.
Specially, market closed [...]
Standard Chartered Plc has announced profit before tax of $3.12 billion for the first six months of 2010.
According to the bank, it also recorded ten per cent growth in both earnings and dividend per share.
Standard Chartered in a statement added that it maintained income of eight per cent growth in Consumer Banking and 18 per cent in Wholesale Banking client income.
Group Chief [...]
Stock retreated Tuesday as investors grew more cautious before the Federal Reserve’s policy meeting and after reports that showed economic growth slowing in the U.S. and China.
The Dow Jones industrial average fell nearly 125 points in morning trading. Broader indexes also fell.
Overseas markets stumbled after Chinese trade figures showed a steep slowdown in the growth [...]
Problems associated with land acquisition are making it difficult for the Federal Housing Authority (FHA) to achieve its mandate of providing Nigerians with adequate housing. Mr Terver Gemade, Managing Director of the Federal Housing Authority (FHA), disclosed this at a recent event in Abuja .
He said that the authority’s problem was land, stressing that just [...]
The United Kingdom’s biggest bank, HSBC, has reported pre-tax profits of $11.1bn for the first six months of 2010 – more than double its profits for the same time last year, The British Broadcasting Corporation News reported on Monday.
The bank said it was profitable in every region, except for North America where it saw losses [...]
A key lobby group on Monday became the latest body to downgrade Russia‘s 2010 crop prospects as the worst drought in 130 years threatened harvests in the major wheat exporter, sending key wheat prices to 22-month highs, Reuters reported on Monday.
Monday‘s jump in the United States’ wheat prices Wc1 followed a 42 per cent leap [...]
Capt. Adamu Biu, Executive Secretary, Nigerian Shippers Council, has blamed the loss of 27 ships in the fleet of the defunct Nigerian National Shipping Line (NNSL) in the 1970s to mismanagement.
Answering questions recently in Abuja, Biu said that mismanagement and inexperience led to the closure of the NNSL.
He noted that Nigeria now depended solely on [...]
Engineering and construction workers have urged the National Salaries, Incomes and Wages Commission not to exclude them from benefiting from the minimum wage being worked out by the federal government.
The Justice Alpha Belgore-led committee set up by the government on a new minimum wage for Nigerian workers recently recommended N18,000 as the minimum wage.
The proposal, [...]
Mr Terver Gemade, Managing Director of the Federal Housing Authority (FHA), has said that full commercialisation of the authority will make it more proactive.
Gemade made this assertion during a forum in Abuja recently.
He explained that the initial plan to commercialise the authority was not perfected by the Bureau for Public Enterprise (BPE) because of certain [...]
Mobile phone users are being encouraged to find out if operators are doing enough to keep their calls secret.According to a foreign news report, security researchers have released tools that, they say, make it easy to see what security systems operators use to stop eavesdropping.
The researchers want to expose those operators that have not updated [...]
