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Ugodre Obi-Chukwu  Nigeria is right about neck-deep in a pit of recession.  Interest rates are on the rise, jobs are being lost and the Federal Government is broke. It’s a tough ordeal for everyone including policymakers and the government. Even the rich are feeling the heat as they see the ...

The police yesterday said they shut down the Sharks Stadium, venue of the botched Peoples Democratic Party (PDP) convention in Port Harcourt to forestall a breakdown of law and order. Speaking, Force Public Relations Officer, Don Awunah, Deputy Commissioner of Police (DCP) said the action was a proactive move aimed ...

An Abuja Grade 1 Area Court yesterday arraigned one Okonkwo Kenneth for assaulting a Federal Rroad Safety Corps (FRSC) officer while on duty. According to the prosecutor, BabajideOlanipekun, DSP, Mr Kenneth’s action contravened section 267and 243 of the penal code law. That on June, 10, 2016 one Ukikaegbu Prince of ...

Finance Minister, Seth Terkper has intensified lobbying for private sector businesses to enroll onto the Ghana Export and Import [Exim] bank and promote the country’s exports market. “I would want to entreat the private sector to partner with government in these institutions, it is true that the State Owned Enterprises ...

Stocks fell steeply on the Tokyo Stock Exchange on Thursday, with the Nikkei average tumbling 259.63 points, or 1.55 percent, to close at 16,486.01. On Wednesday, it gained 149.13 points. The Topix index finished down 20.34 points, or 1.55 percent, at 1,290.79, after climbing 12.66 points the previous day. Stocks ...

Japan posted a trade surplus of ¥513.5 billion in July, though exports sank 14 percent from a year earlier as the yen surged against the dollar, the government reported Thursday. The fall in exports by the world’s third-largest economy was outpaced by a nearly 25 percent drop in imports, suggesting ...

It’s not rare to see Japanese corporate executives bowing in apology for scandals resulting from weak governance and compliance, and then vowing to prevent a recurrence. A year after the introduction of a governance code urging companies to appoint multiple outside directors, many firms are trying to boost transparency and ...

NEC Corp. said Wednesday it has co-developed a plastic that mimics Japanese lacquerware and may be suitable for use in luxury car interiors. NEC developed the bioplastic in collaboration with the Kyoto Institute of Technology and Yutaro Shimode, a lacquerware artist, using cellulose resin produced from non-edible plants such as ...

The government is considering expanding the small-lot NISA investment program by introducing a longer-term tax break, sources said Thursday. It hopes to attrack more younger savers with the move. The Financial Services Agency intends to include the creation of such an option under the Nippon Individual Savings Accounts in the ...

Japan Post Co. plans to sell an online payments unit to information technology services firm GMO Internet Inc., sources said Thursday. Japan Post Finance Co., which offers payments services to online retailers, has struggled to win customers amid competition from rivals such as Rakuten Inc. Its clients are thought to ...