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South Korean appliance giant LG Electronics saw net profits more than quadruple in the first quarter of the year, it said Thursday, on the back of strong sales in Asia and Latin America. The firm’s net profit in the January-March period reached 835.7 billion won (US$739.4 million), up 322 percent ...

Finland’s telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year, with sales in its main business, networks, on the decline. The company posted a loss of 488 million euros ($532 million) in the first quarter, an improvement from the 609 million ...

It is not compulsory for President Muhammadu Buhari to preside over the weekly Federal Executive Council (FEC) meetings, the All Progressives Congress (APC) governors said yesterday. The states’ chief executives, under the auspices of the Progressives Governors’ Forum (PGF), spoke last night in Abuja after a meeting with members of ...

The Presidency yesterday denied that President Muhammadu Buhari was harassing members of former President Goodluck Jonathan’s family. Buhari spoke through his Special Adviser on Media and Publicity, Mr. Femi Adesina. He was reacting to the story,  “Buhari’s govt harassing my family, says Jonathan” published in yesterday’s edition of The Nation. ...

As the Central Bank of Nigeria (CBN) continues its in its supply of dollars at the foreign exchange market at both the interbank and bureau de change end of the markets, the external reserves of the country has continued to rise, recording a 17.9 per cent increase compared to what ...

  Small and Medium Enterprises (SMEs) operators are cheering and at the same time fretting over the foreign exchange window created for them by the Central Bank of Nigeria (CBN) to import critical raw materials and machinery. Statistics from CBN showed that about 90 per cent of manufacturing companies in ...

In his presentation at the 2017 Society of Petroleum Engineers (SPE) Annual Oloibiri Lecture Series and Energy Forum, president of Nigerian Gas Association (NGA), Engr. Dada Thomas, did note the importance of natural gas to the economy. He however raised the questions that border on how it has been able ...

La compagnie nationale des hydrocarbures Sonatrach est préqualifiée pour participer à la première phase d'attribution de licences d'exploration et de production de gaz et de pétrole au large des côtes libanaises.  Sonatrach International est présélectionnée aux côtés de 7 autres compagnies, rapporte le magazine Commerce du levant sur son site ...

Europe’s claim to be the global champion of open trade and a counterweight to the threatened protectionism of U.S. President Donald Trump risks ringing hollow if it cannot sign a new Pacific free trade deal by the end of 2017. As part of the process, the European Union needs to ...

Japan’s growing labor shortage threatens the nation’s ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento boxed lunches, manning cash registers and delivering goods 24/7. The big three operators 7-Eleven, FamilyMart and Lawson, which have expanded through Japan’s long slump, are scrambling to ease the ...