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OBG, ARM partner on strategies for FDI growth

By Udeme Ekwere A global publishing, research and consultancy firm, the Oxford Business Group, has entered into a partnership with Asset and Resource Management Company Limited to boost foreign investments in Nigeria. According to a statement from OBG on Thursday, the partnership will seek to highlight the investment opportunities available […]

FG to divest 24% equity from Transcorp Hilton

By Everest Amaefule The Federal Government is set to divest 24 per cent equity from the Transcorp Hilton Hotel through Initial Public Offering, the Director-General, Bureau of Public Enterprises, Ms. Bolanle Onagoruwa, has said. The Federal Government currently has 49 per cent shareholding in the hotel. Onagoruwa made the announcement […]

Oil falls from near $120 on Saudi, Gaddafi rumor

  NEW YORK (Reuters) – Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia’s assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumors Libyan leader Muammar Gaddafi had been shot. A U.S. official said the U.S. government has no reason […]