Archive: Page 1778

Finance houses decry lack of robust regulation system

By Udeme Ekwere Thursday, 4 Nov 2010 THE Finance Houses Association of Nigeria has decried the lack of a robust regulatory system in the country‘s financial sector. The President of the… Read more »

Oceanic Bank promotes 318 workers

By Agency Reporter Thursday, 4 Nov 2010 Oceanic Bank International Plc has promoted a total of 318 employees in recognition of their outstanding performances. Also, 136 workers of the bank got… Read more »

Afribank posts N8.12bn Q3 profit

By Gbenga Agbana Thursday, 4 Nov 2010 From an operational loss of N231.60bn in the third quarter ended September 30 2010, Afribank Nigeria Plc has declared a profit before tax of… Read more »

ACCA gives awards to Fate Foundation, others

By Agency Reporter Thursday, 4 Nov 2010 The Nigeria Office of the Association of Chartered Certified Accountants has given special recognition awards to Fate Foundation, British American Tobacco Company and 48… Read more »

$500m eurobond: Citigroup, Deutsche Bank selected as bookrunners

By Ademola Alawiye Thursday, 4 Nov 2010 Following the decision by the ministry of finance to kick off the $500m eurobond in December, Citigroup Incorporated and Deutsche Bank AG have been… Read more »

GM Oct. sales up 3.5 pct as it prepares for IPO

By DEE-ANN DURBIN and SHARON SILKE CARTY, AP Auto Writers DETROIT – General Motors Co. said Wednesday that strong demand for its pickups and wagons lifted October sales 3.5 percent and helped the… Read more »

Spill: BP raises cost to $40bn, profits beat forecast

By Agency reporter Wednesday, 3 Nov 2010 LONDON: British Petroleum lifted its estimate of the likely cost of its Gulf of Mexico oil spill to $40bn on Tuesday, denting profits, but… Read more »

Oracle to buy retail software company ATG

By Agency reporter Wednesday, 3 Nov 2010 NEW YORK: Oracle Corporation said on Tuesday it would buy Art Technology Group Incorporation for $1bn, to bolster its e-commerce software applications. Oracle‘s $6-per-share… Read more »

Dell plans cloud computing acquisition

By Agency reporter Wednesday, 3 Nov 2010 HONG KONG: Dell Incorporated, the world‘s number two PC maker, will announce an acquisition related to cloud computing on Tuesday, its chief executive said,… Read more »

MasterCard profit beats estimates as spending climbs

By Agency reporter Wednesday, 3 Nov 2010 NEW YORK: MasterCard Incorporated, the world‘s second- biggest payments network, posted third-quarter profit that exceeded most Wall Street estimates, as more consumers paid with… Read more »