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Precision motor-maker Nidec Corp. has agreed to pay $1.2 billion (about ¥120 billion) for the motors, drives and electric power generation business of Emerson Electric Co., adding customers in Europe and North America in its largest purchase ever. The all-cash deal includes France-based Leroy Somer Holding and businesses based in ...

U.S. Republican presidential candidate Donald Trump on Tuesday brushed off billionaire investor Warren Buffett’s blistering critique of his business acumen. “I don’t care much about Warren Buffett,” Trump said on the FOX Business television network Tuesday morning, a day after Buffett lashed out at Trump in a speech at a ...

Tobi Aworinde The Lagos State Government says it will partner the private sector, speficically Japan International Cooperation Agency, to construct a $1bn urban rail line. The state Commissioner for Transportation, Dr. Dayo Mobereola, said this during a seminar by the Lagos Metropolitan Area Transport Authority in conjunction with the Japanese ...

The National Drug Law Enforcement Agency (NDLEA) in Anambra State  has arrested a 31-year-old man, Vincent Chidiebere, for allegedly peddling hard drug worth N1.78 billion. Addressing reporters in Onitsha yesterday, the Commander, Mr. Sule Momodu, said the suspect was arrested in Awka, the state capital, on July 28 with methamphetamine ...

To enable them access the N64.8 billion Universal Basic Education (UBE) funds with ease,  the 36 governors have started to lobby President Muhammadu Buhari to amend the Universal Basic Education Act 2004. The governors are demanding amendment to a clause in the law which makes it compulsory for every state ...

The Asset Management Corporation of Nigeria (AMCON) may introduce the “real-estate investment scheme” by the end of the year to raise money to meet its bond repayments, its Chief Executive Officer Ahmed Kuru has said. Kuru told Bloomberg that the agency plans to sell the properties when the economy improves ...

The Federal Ministry of Education, yesterday in Abuja, inaugurated the newly appointed heads of 17 parastatals and agencies under its purview at the Federal Secretariat, Abuja. President Muhammadu Buhari had approved the appointment of the 17 new chief executives of parastatals and agencies under the Federal Ministry of Education on ...

Estudo divulgado pela Confederação Nacional do Comércio de Bens, Serviços e Turismo (CNC) para as vendas no Dia dos Pais, 14 de agosto, prevê queda no faturamento de 9,4% no país em comparação a igual período do ano passado, embora com um movimento de cerca de R$ 4,2 bilhões ...

ALGIERS- Algeria's balance of trade with the Greater Arab Free Trade Area (GAFTA) showed a deficit of USD351 million in 2015, against a surplus of one billion dollars in 2014, the National Agency for Foreign Trade Promotion (ALGEX) told APS. Algerian exports to GAFTA countries dropped by more than ...

Defying popular opinion in his party, Obama thinks America needs to join Trans-Pacific Partnership - or be swept under the global economy.