Finance Latest News: Bidders Line up for Siemens Postal Machines Unit

Postal Service and Deutsche Post among its customers, has benefited from the growing number of consumers shifting to internet shopping. Stocks broke through record highs in early trading after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. June sales heated up for stores. Costco Corp., Fred’s Inc.

Finance Ministry Clarifies Payment of N80.97bn for Power

It also included the sum of N5 billion paid for the Multi Year Tariff Order (MYTO). Other beneficiaries were the power ministry headquarters, PHCN, National Rural Electrification Agency, National Electricity Regulatory Commission, National Power Training Institute, National Electricity Liability Management Limited/GTE (NELMCO) and Bulk Trader. A breakdown of the figures, according to her, showed that N59,089,522,721 billion was paid in the first quarter, while N13,733,822,832 was paid in the second quarter. Therefore, the minister frowned at media reports that quoted the Chairman of the House of Representatives Committee on Power, Mr.


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