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All posts by BusinessNews Staff

  • Fan Milk to inject N2b on facility upgrade

    FAN Milk Plc has unveiled plans to invest N2 billion to boost production capacity in 2011. The company also plans to construct a new mixing section to ensure that a daily capacity of 200,000 litres can be...

    • Posted March 25, 2011
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  • Court adjourns trial of Chinese firm over alleged breach of contract

    A LAGOS State High Court has adjourned trial on the suit brought by an indigenous Nigerian company, Michonest Solutions International Limited against a Chinese firm, Gaoxinqi Nigeria Limited and a Chinese national, Mr. Frank Ysihai over supply...

    • Posted March 25, 2011
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  • Western Union launches new payment technology

    THE Western Union Company has announced the official launch of its PIN Pad technology across all of its agents in the country. The new feature will provide additional security for all users of Western Union in Nigeria....

    • Posted March 25, 2011
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  • Ex-Apple exec rolls out phone-based social network

    Bill Nguyen, the serial entrepreneur who sold his last company to Apple Inc in 2009, is launching a new cellphone-based social network which aims to challenge Facebook’s dominance in social communications beyond the personal computer.    ...

    • Posted March 24, 2011
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  • IGI boosts NUGA with N30m

    INDUSTRIAL And General Insurance (IGI) Plc, the nation’s sports-friendly insurance company, in furtherance of its sponsorship of sports in Nigeria and commitment to youth development, is sponsoring the 2011 National Universities Games (NUGA) with a package worth...

    • Posted March 24, 2011
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  • CIIN holds Miss Insurance dance

    MISS Eberechukwu Chinyere Onuorah has emerged winner of the 2011 Miss Insurance Dance organised by the Chartered Insurance Institute of Nigeria (CIIN). Ebere who won the crown in a keenly contested competition, which featured 18 beautiful ladies,...

    • Posted March 24, 2011
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  • NSE’s market capitalisation rises further by N94b

    TRANSACTIONS on the floor of the Nigerian Stock Exchange (NSE) continued on an upbeat note yesterday, as more companies joined the gainers’ chart, causing market capitalisation to increase further by N94 billion. Specifically, at the close of...

    • Posted March 24, 2011
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  • Koroma tasks members of WAICA on development of the association

    SIERRA Leone President and former President of the West Africa Insurance Companies Association (WAICA), Dr. Ernest Bai Koroma, has appealed to WAICA members to ensure the development of the association so as to fast track business promotion...

    • Posted March 24, 2011
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  • ASSBIFI commends NAICOM on IAA take-over

    THE Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) Investment & Allied Assurance Plc (IAA) unit, has commended the action the National Insurance Commission (NAICOM) took recently to arzrest the drift at IAA. The...

    • Posted March 24, 2011
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  • States, NEPC to develop World Bank-assisted commercial agriculture

    EFFORTS to achieve food sufficiency and stimulate export of agricultural products may have been enhanced as the Nigerian Export Promotion Council (NEPC), yesterday, signed a Memorandum of Understanding (MoU) with five states, under the World Bank-Nigeria assisted...

    • Posted March 24, 2011
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