All posts by BusinessNews Staff

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  Oikocredit Int’l to boost Nigerian MFIs’ activities

  The Managing Director of Oiko Credit International, Mr. Tor G. Gull, has said the establishment of Oiko Credit Nigeria office would enable it extend financial assistance to microfinance institution, MFIs. Speaking at the launch Oiko Credit Nigeria...

  • Posted April 6, 2011
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  Shareholders, operators commend Oando’s proposed N5.4 bn dividend

  Shareholders and stockbrokers have commended the Board and management of Oando Plc for the proposed payment of N5.4 billion dividend for the financial year ended December 31, 2010. The shareholders were full of praises for the company’s...

  • Posted April 6, 2011
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  Heirs Holdings push Transcorp shares higher on NSE

  The acquisition of significant stake in Transcorp Plc by Heirs Holdings has tremendously push up the company’s share price on the Nigerian Stock Exchange (NSE). Transcorp which has interests in hotels, agriculture, oil and gas is quoted...

  • Posted April 6, 2011
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  Recapitalisation: Afribank signs MoU with private equity group

  The Board of Directors of Afribank Nigeria Plc has signed a Memorandum of Understanding with Vine Capital Partners Limited and Phoenix Acquisition Company Limited in a bid to recapitalise the bank. According to a statement by the...

  • Posted April 6, 2011
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  AMCON has bought all non-performing loans —CBN

  The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had...

  • Posted April 6, 2011
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  Running a standard beauty salon

  Today, people of different cadres in the society are appreciating beauty and will go the extra mile to pay any amount to improve on their looks. Students, working class people, celebrities, single and married ladies including men,...

  • Posted April 6, 2011
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  April poll: Elections workers demand for insurance coverage

  Ahead of the postponed general elections in Nigeria, poll workers have charged the Independent National Electoral Commission (INEC) to be more concerned about their wellbeing as the required for insurance coverage most especially in the oil-rich and...

  • Posted April 6, 2011
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  Patronize insurance brokers, NCRIB urges NAMA

  The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the management of Nigerian Airspace Management Authority (NAMA) to urge its members for their continued patronage of insurance brokers to enhance broking profession. The council further...

  • Posted April 6, 2011
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  Operator charges colleague on MIDRI

  As part of measure to cushion the effect of global economic recession which has ravaged global economies for the past few years, an insurance expert and Managing Director, Great Nigeria Insurance Plc (GNI), Mrs Cecilia Osipitan has...

  • Posted April 6, 2011
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• US crude oil hits 21/2-year high, Brent nears $120

  Brent crude rose towards $120 a barrel and U.S. crude hit a 2-1/2-year high above $108 on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies just as economic growth...

  • Posted April 6, 2011
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