Latest News
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Good Leadership’ll Change Nigeria in 6 Months – Julius Adeluyi
Former Minister of Health and Chairman Juli Pharmacy Plc, Prince Julius Adeluyi, has declared that Nigeria can turn around in six months, if only it has a good leadership, governance, and transparent structure in place. Adeluyi was...
- Posted September 19, 2011
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Staco Insurance announces N5.248 billion premium
Staco Insurance Plc has announced a gross premium income of N5.248 billion for the year ended 31st December, 2010, as against N5,058 billion recorded in 2009. The Chairman of the Company, Dere Otubu, addressing shareholders at the...
- Posted September 19, 2011
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Nem Insurance announces N6.4b premium
NEM Insurance Plc’s gross premium rose by 30 per cent from N4.9 billion in 2009 to N6.4 billion in 2010 financial period. The Chairman, Chief Adewale Teluwo, disclosed this in the company’s 2010 annual report and account....
- Posted September 19, 2011
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Union Venture Petroleum plans to raise N375 million fresh capital
A proposal by the board of Union Venture Petroleum Plc to raise N375 million fresh capital has been endorsed by shareholders. Speaking during the company’s yearly general meeting, Chairman of Union Venture Petroleum Plc, Salihu Belgore, said...
- Posted September 19, 2011
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Union Venture Petroleum to raise N375 million fresh capital
A proposal by the board of Union Venture Petroleum Plc to raise N375 million fresh capital has been endorsed by shareholders. Speaking during the company’s yearly general meeting, Chairman of Union Venture Petroleum Plc, Salihu Belgore, said...
- Posted September 19, 2011
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Money supply hits N12.5b – CBN
The Central Bank of Nigeria (CBN) has released statistics for August, which saw the M2 Money Supply rising to N12.5 billion, about 8.6 per cent lift from the June figure. The M2 is the total amount of money available...
- Posted September 19, 2011
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Agenda 2015: Why Sanusi Should be a Presidential Candidate?
No other state in the world has been so thirsty for a new brand of leadership like Nigeria. From both sides of the Atlantic, there is a growing scarcity for that leadership that can help the world...
- Posted September 18, 2011
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Oceanic Aquisition: Combined Entity takes Top Two Position – ETI
Ecobank Transnational Incorporated (ETI) has announced further details regarding the acquisition of Oceanic Bank Plc. ETI which signed a Transaction Implementation Agreement in relation to the acquisition and recapitalisation of Oceanic Bank said that the business combination would lead to the...
- Posted September 17, 2011
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Where Is Our Job Creation Plan?
What is the single most important step the government should take to create more jobs? We think that our government should stop spending so much and stop double taxation and taxing productivity. Stop borrowing entirely and begin...
- Posted September 16, 2011
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After Nigeria, Brazil may be next to diversify into yuan
Brazil may follow in Nigeria’s footsteps and diversify its foreign exchange reserves into yuan, which would bring more sovereign demand into the offshore renminbi market. Nigeria’s central bank governor Lamido Sanusi said Africa’s second-largest economy will start...
- Posted September 16, 2011
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Hyundai Heavy Industries to to build $7 bln shipyard in Nigeria
Nigerian President Goodluck Jonathan on Thursday hailed South Korea’s Hyundai Heavy Industries’ decision to build a multi-billion dollar shipyard that can employ 2,000 locals in Nigeria. The completion of the facility next year will boost Nigeria’s economic...
- Posted September 16, 2011
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Coscharis unveils MG all-new series
Coscharis Motors has introduced the All New Morris Garages (MG) Series of luxury cars into the Nigerian auto market as it brought back to memory the works of William Morris, founder of the British automobile industry, who...
- Posted September 16, 2011
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Hyundai Nigeria Introduces HD Series Commercial Vehicles
Apparently driven by competition and the bid to explore the huge potential in the commercial vehicles segment of the Nigerian auto market, Hyundai Motors Nigeria Limited, has introduced the Hyundai HD Series special vehicles into the market...
- Posted September 16, 2011
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Stanbic IBTC Asset rewards mutual funds investors
Stanbic IBTC Asset Management Limited (SIAML) has assured stakeholders that strict adherence to the code of good governance, will remain pivotal to its operations. Chairman of SIAML, Mr. Yinka Sanni made the pledge while declaring dividends for...
- Posted September 16, 2011