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  • Oando, others invest in N29.5bn office space

    Oando Nigeria Plc and other development managers have invested N29.5bn ($180m) in a luxury commercial real estate. At the unveiling of the 12-storey twin buildings called ‘Wings’, in Lagos, the Group Chief Executive Officer, Oando, Mr. Wale...

    • Posted October 14, 2014
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  • Custodian introduces mobile insurance application

    Custodian and Allied Insurance Limited has unveiled a mobile insurance application that enables customers to do their transactions on their Internet-enabled devices. The company said in a statement that the application could be used on smartphones, iPads...

    • Posted October 14, 2014
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  • NIQS, NERC urges investment in alternative energy

    Private sector investors have been encouraged to focus more attention on other energy sources, including clean coal, large and small hydro plants, solar, wind, waste to power, biomass and tidal energy, the Chief Executive Officer of the...

    • Posted October 14, 2014
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  • Sigma introduces electronic pension contribution system

    Sigma Pensions, one of the Pension Fund Administrators operating in the country, has introduced the Electronic Pension Contribution Collection System to facilitate the smooth remittance of workers’ pension contributions. The Head, Contribution Processing, Sigma Pensions, Mrs. Lanike...

    • Posted October 14, 2014
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  • BFIG Group now new manager of ALSCON

    Following the recent Supreme Court judgment, BFIG Consortium has taken over the  management of Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom state. The Chief Executive Officer of BFIG,  Dr. Reuben Jaja, disclosed this...

    • Posted October 14, 2014
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  • Arik Air introduces Loyalty Programme

    Arik Air has launched a frequent flyer programme allowing members to earn miles on all its flights. Membership of Arik Affinity Wings is free and automatically comes with 1,000 bonus miles and benefits including extra baggage allowance,...

    • Posted October 13, 2014
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  • Ghana, Togo, Benin increase demand for Nigerian gas

    The demand for Nigerian gas is fast rising in Africa following a fresh appetite for the resource in countries like Ghana, Togo, Benin Republic, among others. Currently, the idle capacity of the West African Gas Pipeline operated...

    • Posted October 13, 2014
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  • Investors showing interest in insurance sector — Goldlink boss

    Growth opportunities that are visible in Nigeria’s economy are attracting foreign investment to the insurance industry, the Managing Director, Goldlink Insurance Plc, Mr. Gbolahan Olutayo, has said. He told our correspondent how the insurance sector had been...

    • Posted October 13, 2014
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  • Centre harps on human capital development

    The Global Distance Learning Institute, Abuja has called on government and other critical stakeholders to pay more attention to Human Capital Development (HCD) in the country. This was the resolve at a one day symposium and capacity...

    • Posted October 13, 2014
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  • Meetings Africa gears up for 10th Anniversary

    Meetings Africa, Africa’s biggest business event trade show, will celebrate its 10th anniversary February next year and, according to Thulani Nzima, CEO of South African Tourism, it is a momentous milestone. “Meetings Africa has grown from a...

    • Posted October 13, 2014
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  • Japan, South Korea emerge top buyers of Nigerian LNG

    Japan, the world’s biggest liquefied natural gas importer, bought the largest share of Nigeria’s LNG exports last year, data from the World Oil and Gas Review 2014 has shown. Between the 2011 Fukushima nuclear disaster and May...

    • Posted October 12, 2014
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  • NSE index sheds 1.03% as equities slide worsens

    The equities segment of the Nigerian Stock Exchange witnessed a weak bargain on Thursday as equities declined for the fourth straight session. The NSE All Share Index fell by 422.77 basis points or 1.03 per cent to...

    • Posted October 12, 2014
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  • Aiteo Group reiterates majority ownership of shares in Shell’s lucrative OML 29

    The hot news in African’s largest economy, oil industry, is the sharp disagreement between Aiteo Group and Taleveras, as both companies are claiming independent majority ownership of Royal Dutch Shell’s Nigerian oil block, Oil Mining License 29....

    • Posted October 11, 2014
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  • Skye Bank pays 20% of Mainstreet Bank’s bid price

    In line with the agreement for its acquisition of 100 per cent shares of Mainstreet Bank Limited, Skye Bank Plc has signed a Share Purchase Agreement (SPA) with the Asset Management Corporation of Nigeria (AMCON). The Agreement...

    • Posted October 11, 2014
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