All posts by Afolabi Ogunde

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  Law, Union & Rock Records 4% Growth in Premium Income

    Law Union and Rock Insurance Plc have confirmed a 4 per cent premium income increase, which translates to N4.20 billion made in 2011.   This was disclosed by the chairperson of the company, Princess Adenike Adeniran...

  • Posted October 15, 2012
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  Minimum Wage: Labour Threatens Defaulting Governors

    Labour has advised Governors who are yet to implement the new national minimum wage of N18, 000 to do so or face the consequences.   The Nigeria Labour Congress (NLC) Deputy President Comrade Promise Adewusi said...

  • Posted October 15, 2012
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  AMCON recoups over N800 billion from Debtors

    The Asset Management Corporation of Nigeria (AMCON) has recovered over N800 billion from blacklisted debtors, which analysts believe would go a long way to assure stability to the banking industry.   The AMCON MD, Mustapha Chike-Obi,...

  • Posted October 15, 2012
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  FG, PHCN workers Renew N250 billion Pension Row

  The controversial issue of pension and gratuity for the Power Holding Company of Nigeria (PHCN) workers has come to the forefront again even as the Federal Government and PHCN workers may resume negotiations next week.  Both the...

  • Posted October 15, 2012
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  Forex Sales to Bureau de Change to Stop – Sanusi

  The Central Bank of Nigeria has indicated that it would soon stop selling foreign exchange to Bureau de Change operators in the country, stating that the informal market was primarily used as a conduit for politicians and others who...

  • Posted October 15, 2012
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  Nigeria to spend over N100, 000,000 on dogs in 2013

    Budget details show that, the Nigerian police will spend N110, 179,250 next year on dogs. N55, 065,000 for the procurement of dog handling equipment and feeding, the construction of Force Headquarters dogs’ section barracks will cost...

  • Posted October 13, 2012
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  Fashola Queries ANAN on Poor Budget Performance

    The Lagos State Governor Babatunde Fashola has queried the Association of National Accountants of Nigeria (ANAN) on the pitiable performance of the 2012 budget. The governor said this while speaking on the topic, “Challenges of Governance:...

  • Posted October 13, 2012
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  President Goodluck Jonathan Budget Speech 2013

  The full excerpt of President Jonathan’s 2013 Budget Speech entitled “Fiscal Consolidation with Inclusive Growth”: PROTOCOL   It is my pleasure and honourto present the 2013 Federal Budget Proposal before this esteemed Joint Session of the National Assembly....

  • Posted October 13, 2012
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  House Sets in Motion Probe of Otedola-AMCON Debt Deal

  The House of Representative have demonstrated that Mr. Femi Otedola is not free yet, irrespective of the said settlement of N140, 999,620,395.80 debts he owed. An eight-man committee was set up by the legislatures on Thursday to...

  • Posted October 13, 2012
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  Nokia launches solar charger

  Nokia has declared its new portable solar charger in Nigeria. The New Nokia Portable Solar Charger, DC-40 now available in Nigeria, is an invention produced and promoted by Nokia to check the capability of solar charging as...

  • Posted October 12, 2012
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