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live feed [embedded content] Today at 11:00, President Obama will announce Merrick Garland as his nominee for the Supreme Court seat left vacant by the death of revered Justice Antonin Scalia. The announcement comes at a precarious time. It’s an election year, and Washington is deeply divided along partisan lines. Republicans fear ceding Scalia’s position to a […]Read More

One would think that as we approach the most important event of the week, and perhaps the month, namely the latest FOMC announcement due in just over three hours and one which is expected to confirm that rate hikes are back on the table, something which a few months ago unleashed another round of teeth […]

2 Shares Share Tweet Share Share Email Nigeria’s main opposition party, the Peoples Democratic Party (PDP), said on Wednesday that the Federal Capital Territory (FCT), Abuja Area Council elections have been postponed because “the PDP and its candidates are more popular and set to sweep the elections in the areas” The PDP in a statement by the National […]Read More

The planned meeting between Oil producers looks to be back on track, as the Gulf OPEC members are in support of holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop up prices increases. Russian Energy Minister Alexander Novak, had on Monday, […]

Nestle Nigeria, the country’s No. 1 company responsible for the manufacturing, marketing, and distribution of food products including purified water throughout the country released its financial results for the full year ended December 2015. The result showed that revenues increased by 5.54% from N143 billion in 2014 to N151 billion in 2015, while the company […]

Nigeria’s Central Bank has become the laughing stock of the civilised world. The hapless Governor Godwin Emefiele in the latest exposed scandal was said to have dispensed political favours through job offers to select sons and daughters of Nigerian politicians including the President, former Vice president Atiku Abubakar, the Inspector General of Police, the Minister […]

In a bid to revive the power sector, Minister of Power, Babatunde Fashola, has said that he will do all in his power to end the epileptic power supply which has bedevilled the nation for years. He stated this when asked by newsmen whether there would be an end to the epileptic power supply situation […]

The central bank governor of Bangledesh, Atiur Rahman, has resigned after hackers allegedly stole $81m of government money from a US account and he failed to inform the finance minister about the massive cyber-heist. Atiur Rahman told reporters he was “ready to resign from my post for the sake of the country”. Preliminary investigations revealed […]

Glaxosmithkline released its financial results for the year ended 31st December 2015. The results showed that revenue increased marginally by 0.37% from N30.5 billion in 2014 to N30.6 billion in 2015, while gross profit declined by 4.4% from N10.8 billion to N10.3 billion in 2015. Pre-tax profits declined by 57% from N2.7 billion in 2014 […]Read More

GlaxoSmithKline Consumer Nigeria Plc, the publicly traded local unit of the U.K.’s biggest drug maker has been hard squeezed by a challenging business environment as the company’s earnings slumped. The 2015 audited financial statement of the company showed net income fell by 48.28 percent to N954.5 million from N1.84 billion as at December 2014. Sales […]Read More

The Minister of State, Aviation, Hadi Sirika, has revealed that the Federal Government would unveil a new national aviation policy in two weeks time. This was contained in a statement issued on Wednesday in Abuja by Sunday Iyogu, who is the Principal Information Officer in the minister’s office. Mr. Sirika disclosed this when a delegation […]

The merger between Vitafoam Nigeria Plc and Vono Products Plc is getting close to completion as both companies have obtained a court sanction of their scheme of merger effective March 11, 2016. Both companies had last year agreed to a merger, by seeking to combine their business operations to ensure business efficiency. At conclusion of […]