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  • Financial Stocks Lead NSE N114b Transactions as Index Rises 1.52%

    August 5, 2017 9:00 PM 33

    A total turnover of 2.518 billion shares worth N114.117 billion in 23,546 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.211 billion shares valued at N30.636 billion that exchanged hands last week in 26,287 deals. During the week, the Financial Services Industry (measured by volume)

  • The Real Deal Los Angeles

    August 4, 2017 7:58 PM 27

    Amazon CEO Jeff Bezos seems to be doing some celebratory shopping following his company’s $13.7 billion acquisition of Whole Foods. He has added a second Beverly Hills home to his shopping cart for $12.9 million in an off-market deal. The location is Amazon-Prime-level convenient — it’s right next door to his other 90210 abode. Built in 1956, Bezo’s

  • Nigeria equity market indices rallied further by 0.62 per cent

    August 3, 2017 5:17 PM 36

    Some blue chips recorded further gains on the Nigerian Stock Exchange (NSE) on Thursday resulting in 0.62 per cent growth posted by market indicators. Guinness led the gainers’ table for the day, gaining N2.13 to close at N72 per share. Dangote Sugar followed with a gain of N1.25 to close at N14 and Nigerian Breweries gained N1.15 to close at N172.40 per share

  • Chinese man pays $10,000 for whisky shot at Swiss bar(1/5)

    August 3, 2017 2:16 AM 19

    This picture made available on August 2, 2017 by the Hotel Waldhaus am See in St. Moritz shows a glass of whisky made in 1878 by the revered Scotch maker Macallan at the hotel's Devil's Place Whisky Bar. A young Chinese man paid 9,999 Swiss francs ($10,000) last week at a Swiss hotel for a glass of whisky made in 1878 by the revered Scotch maker Macallan

  • LNG imports have reduced Pakistan's gas shortage by 25 percent

    August 1, 2017 6:05 AM 13

    Lahore [Pakistan], Aug.1 (ANI): Pakistan has imported 6.1 million tonnes of liquified natuaral gas (LNG) over the past 28 months, and this has gone a long way in reducing the nation's gas shortage by about 25 percent, a statement issued by the Petroleum and Natural Resources Ministry said Tuesday. According to the Dawn,LNG was imported through the country's

  • Oil industry loses $300b to price slump

    August 1, 2017 3:14 AM 13

    THE Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the global oil and gas industry lost over $300 billion worth of investment in three years due to decline in oil prices. He stated this yesterday at the ongoing 2017 Society of Petroleum Engineers (SPE), Nigeria Council’s Annual International Conference & Exhibition (NAICE) in Lagos

  • Bank of England strike to go ahead

    July 31, 2017 3:14 PM 34

    A three-day strike by Bank of England support staff will go ahead from Tuesday after talks at the conciliation service Acas ended without agreement, the Unite union said. Protestors are planning to gather outside the Bank of England building wearing masks of Governor Mark Carney. It will be the first time for over 50 years that staff at the Bank of England

  • Passenger strips naked at airport

    July 31, 2017 12:08 PM 32

    There was a minor commotion at McCarran International Airport Nevada, on Saturday after a male passenger got naked while boarding a Spirit Airlines flight scheduled to depart Las Vegas. The passenger whose name was not disclosed had approached a flight attendant naked while boarding the plane bound for Oakland, California. McCarran International Airport

  • Porting activities reduce to 32,873 in June – NCC

    July 29, 2017 3:40 PM 45

    The Nigerian Communications Commission (NCC) said on Saturday that activities on the Mobile Number Portability (MNP) by telecommunications operators fell to 32,873 in June from 39,535 in May, showing a decrease of 6,662. The NCC disclosed this in its “Incoming and Outgoing Porting Activities of Mobile Network Operators Report’’ posted on its website

  • CNBC Africa celebrates 10th Anniversary with a Special Gala – Folorunso Alakija, Aliko Dangote, Oby Ezekwesili Attend

    July 28, 2017 2:57 PM 17

    On Thursday, July 27th, CNBC Africa, Africa’s leading business and financial news channel marked its tenth anniversary in Lagos with a special gala held at Eko Hotel’s Sky Restaurant. The event was attended by some of Nigeria’s most prominent thought and business leaders like Africa’s richest man Aliko Dangote. Read more of Aliko Dangote’s interview