All posts by BusinessNews Staff

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  Lagos won’t take over burnt Alade Market –LASEMA

  Lagos State Government yesterday said it had no plans to close and take over Alade Market at Allen Junction, Ikeja, which was gutted by fire on Sunday night. It, however, promised to investigate the cause of the...

  • Posted April 9, 2013
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  3 banks earn N123.437bn from commissions

  The combined total fee-based earnings and commissions made by the trio of Guaranty Trust Bank (GTBank) Plc., Zenith Bank Plc. and Access Bank Plc. in their 2012 annual report attained a whopping N123.437 billion. Recent results presented...

  • Posted April 9, 2013
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  Recapitalisation: We’re not eager to liquidate PMIs, MFBs -NDIC chief

  Ahead of the eight months’ extension recently given by the Central Bank of Nigeria (CBN) for primary mortgage institutions and microfinance banks in the country to meet new capital thresholds, the Nigeria Deposit Insurance Corporation (NDIC) says...

  • Posted April 9, 2013
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  Uncertainty over sack of Aero’s HR director

  There were indications on Monday that the Director of Human Resources at embattled carrier- Aero Contractors, Mrs Temitope Fagbemi, may have been fired. She is believed to have caused the recent turmoil that forced the company to...

  • Posted April 9, 2013
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  N4.7b fraud: Heavy workload stalls Ladoja’s case

  The criminal charge hanging on former Oyo State Governor, Rasheed Ladoja, could not go on as planned on Monday at the Lagos division of Appeal Court owing to ‘too much workload.’ The Economic and Financial Crimes Commission...

  • Posted April 9, 2013
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  1000 Days TO End Of MDGs Framework: Nigeria MDGs Office Enumerates Gains, Challenges

  Nigeria has recorded remarkable successes in the implementation of Millennium Development Goals, MDGs in the past few years, though the country could have done better in some areas, Dr Precious Gbeneol, Senior Special Assistant to the President...

  • Posted April 8, 2013
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  Niger Insurance unveils life annuity product into market

  NIGER Insurance plc has unveils life annuity product into the market as part of efforts to ensure that retirees in the country are self-sufficient financially and live comfortably after their active working life. The company’s Managing Director,...

  • Posted April 8, 2013
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  IEI pays N1.2b claims last year

  International Energy Insurance Plc, a leading underwriter paid out a huge sum of N1.2 billion on claims within the 12 calendar months of 2012. This payment symbolises one of the company’s core values “Dependability” which is the...

  • Posted April 8, 2013
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  Taskforce begins patrol of BRT lanes with cameras today

  Worried by the alleged constant abuse of dedicated BRT lanes by private vehicles and military personnel, the Lagos Taskforce on Environment and Special Offence Enforcement Unit will today begin monitoring of the Bus Rapid Transit (BRT) lanes...

  • Posted April 8, 2013
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  NSE appoints 14 firms as designated advisors for ASeM

  The Nigerian Stock Exchange (NSE) has announced the selection of 14 companies as Designated Advisors, DAs, for soon to be launched Alternative Securities Market, ASeM. Mid-sized and other upstart companies are expected to access the market through...

  • Posted April 8, 2013
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