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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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  • ‘Nigeria spent N300bn on technology transfer agreements in 10 years’

    In this interview, the director general of the National Office for Technology Acquisition and Promotion (NOTAP), says billions of naira are spent annually not only on imports but also on technology transfer agreements, adding that indigenous technologies...

    • Posted April 6, 2011
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  • Africa receives $40bn in remittances in 2010

    African immigrants sent home over $40 billion (N6 trillion) in remittances last year, according to a new joint report by the World Bank and African Development Bank. This figure is down from $41 billion in 2008 and...

    • Posted April 6, 2011
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  • Asset Corporation issues N1.7tr tradeable bonds today

    The Asset Management Corporation of Nigeria (AMCON) will today issue about N1.7tr bonds to further strengthen the financial system. The sum will comprise of N1.1tr to replace the initial consideration bonds issued to 21 banks on December...

    • Posted April 6, 2011
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  • Central Bank closer to target on bad debts

    The Central Bank of Nigeria, yesterday, said it is closer to achieving its target ratio of less than 5 percent of nonperforming loans in the country’s financial sector, with the successful acquisition of all bad debts of...

    • Posted April 6, 2011
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  • Afribank signs MoU with core investors

    Afribank Nigeria Plc has signed a Memorandum of Understanding (MoU) with Vine Capital Partners Limited and Phoenix Acquisition Company Limited. It is the outcome of some negotiations which started since last year. Afribank said in a statement...

    • Posted April 6, 2011
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