Business News

May & Baker eyes N40bn international funds

  Jun 24, 2010 By Peter Egwuatu   May and Baker Nigeria Plc has declared its willingness to access the N40 billion international funds, even as it intensify effort to complete the construction of its ultra modern pharmaceutical plant by September 2010.     The company during a facility tour […]

Total, Conoil make fresh oil discovery offshore Nigeria

  FRIDAY, 25 JUNE 2010 BY   Nigeria’s oil production capacity may soon rise courtesy of a fresh discovery of hydrocarbon in the country by Total Exploration and Production Nigeria Limited, with Conoil Producing Limited.Specifically, the new oil found was made in the central portion of the Oil Mining Lease […]

IMF raises fresh concerns over global economic crunch

  FRIDAY, 25 JUNE 2010 00:00 FROM , ABUJA   The International Monetary Fund (IMF) has warned countries that are not directly affected by the impacts of the global economic crunch to put guides in place to ensure preparedness for possible emergence.   The Managing Director of IMF, Dominique Strauss-Kahn, […]