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Adelani Adepegba, Everest Amaefule, Abuja The Inspector-General of Police, Ibrahim Idris, has frowned on lobbying for promotion by policemen, stating that promotion in the Nigeria Police Force was based strictly on merit and seniority. The IG, who warned the rank and file against against all forms of indiscipline, insisted that ...

The Chief Executive Officer, Erisco Foods, Chief Eric Umeofia, has decried the Central Bank of Nigeria’s foreign exchange policies, saying they were stifling local manufacturers’ operations and growth. Umeofia said this on Tuesday in Lagos at a news conference. Erisco Foods is an indigenous tomato paste manufacturing company that employs ...

The Federal Government has commended a US-based Nigerian surgeon, Dr Oluyinka Olutoye, who successfully removed tumour from a baby in her mother’s womb. The Senior Special Assistant to the President Muhammadu Buhari on Foreign Affairs and Diaspora, Mrs. Abike Dabiri-Erewa, in a statement said that Nigerian Government and people were proud of Olutoye. ...

The government and the Inter-American Development Bank said they will jointly support energy-related projects in Jamaica and Bolivia under a co-financing program. Using a $3 billion co-financing program agreed on in April, Japan and the regional development bank will help Jamaica improve energy efficiency at public facilities and support Bolivia ...

Top corporate executives and former government leaders from Japan and China met Tuesday in an annual meeting to discuss ways to expand economic ties despite years of political tension. Former Chinese Vice Premier Zeng Peiyan said business leaders are duty bound to take “as many as possible active actions that ...

The dollar stayed in a narrow range below ¥105 in Tokyo trading on Tuesday, as the Bank of Japan kept monetary policy unchanged, providing no strong trading incentives. At 5 p.m., the dollar stood at ¥104.92-93, compared with ¥104.91-92 at the same time Monday. The euro was at $1.0985-0986, up ...

Stocks closed slightly higher on the Tokyo Stock Exchange Tuesday after the Bank of Japan stopped short of expanding its negative interest rate policy. The 225-issue Nikkei average gained 17.38 points, or 0.10 percent, to end at 17,442.40. On Monday, the key market gauge lost 21.39 points. The Topix index ...

Sony Corp. on Tuesday reported a 78 percent year-on-year fall in its group net profit to ¥26.01 billion in the April to September period, weighed down by a stronger yen and sluggish semiconductor operations. The mammoth electronics maker said its operating profit for the first half of the current business ...

Sharp Corp. said Tuesday it expects to post its first operating profit in three years in the current business year through next March, helped by restructuring efforts under the ownership of Taiwan’s Hon Hai Precision Industry Co. Consolidated operating profit is expected to recover to ¥25.70 billion, a turnaround from ...

Cosmetics maker Shiseido Co. said Tuesday it will establish a joint venture in February to operate child care centers at corporate operation sites, aiming to help women find a balance between their jobs and raising children. The company will sign a joint venture contract with JP Holdings Inc., a nursery ...