GUARDIAN
Petrol sells at N300 a litre as scarcity lingers
AS many filling stations remained shut, the scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, bit harder yesterday.[Read More…]
FedEx acquires TNT Express in $5 billion deal
FedEx Corporation, an American global courier delivery Services Company headquartered in Memphis, Tennessee, has acquired TNT Express. The acquisition of Dutch parcel company TNT Express NV, was unconditionally approved by European Union regulators ending a six-month antitrust investigation that had been one of the biggest hurdles toward the near-$5 billion deal.[Read More…]
THISDAY
Private Equity Builds African War Chest Amid Commodity Rout
Private-equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local currencies cut prices of potential target companies.[Read More…]
Electricity Tariff Hike: Court Renews Order Restraining NERC
Justice Mohammed Idris of the Federal High Court in Lagos has re-affirmed the existing order restraining the Nigerian Electricity Regulatory Commission (NERC) from implementing any upward review of electricity tariff pending the hearing and final determination of the suit filed by a lawyer and rights activist, Toluwani Yemi Adebiyi, over the issue.[Read More…]
Foreign Core Investor Reverses Sale of Beta Glass
Frigoglass S.A.I.C, the Athens, Greece-based company has reversed the planned sale of Beta Glass Plc to GZI Mauritius Limited (GZI). Frigoglass S.A.I.C is the parent company of Frigoglass Nigeria Limited, which is a core investor in Beta Glass Plc.[Read More…]
PUNCH
Nigeria needs not import food at all —Buhari
President Muhammadu Buhari has said irrespective of divergent opinions of the populace, his administration is keeping the promises he made ahead of the March 28, 2015 presidential election.The President also stated that with the arable land available in the country, Nigeria needed not to be importing food at all.[Read More…]
VANGUARD
Maritime industry to exceed 30% GDP target – LADOL
Amidst drive towards diversification of the economy away from the oil dependency, the maritime industry is working to account for over 30 per cent of the country’s gross domestic products, GDP.[Read More…]
THE NATION
NIPOST not for sale, says Fed Govt
The Federal Government has said it has no plans to either sell NIPOST or hand it over to foreigners as is being insinuated by persons on social media platforms.[Read More…]
No going back on TSA, Fed Govt insists
The Academic Staff Union of Universities (ASUU), other government agencies and parastatals hoping to get exemption from Federal Government’s Treasury Single Account (TSA), have been advised to partner with government for the success of the policy.[Read More…]
Saudi rallies oil price to $35.77 a barrel
Brent crude rose two per cent yesterday adding to strong gains last week as the Organisation of Petroleum Exporting Countries (OPEC) kingpin, Saudi Arabia said it would work with other producers to limit oil market volatility.[Read More…]
DAILY TRUST
Merger : Fashola changes nameplates of three ministries
The Minister in charge of the Ministry of Power, Works and Housing, Babatunde Fashola, has initiated a process of harmonising operations at the erstwhile three ministries, the Daily Trust learnt.[Read More…]
REUTERS
Asian shares rise after China stimulus step
Asian shares shrugged off their early doldrums on Tuesday and extended gains, boosted by China’s monetary easing and downbeat manufacturing and service surveys that raised hopes of additional stimulus measures.[Read More…]
BLOOMBERG
European Stocks Inch Higher After Year’s Longest Winning Streak
European stocks inched higher, after a three-day rally, as investors assessed earnings reports and deal activity.[Read More…]