The Central Bank of Nigeria (CBN) has granted a licence to Stanbic IBTC Bank, a member of Standard Bank Group, to operate mobile payment services in the country, a development that will give further impetus to Nigeria’s drive towards a cashless e...
The Nigerian Electricity Regulatory Commission (NERC) has warned estate owners to desist from over billing residents, urging them to abide by the rules of the industry. Chairman of the Commission, Dr. Sam Amadi, gave this warning yesterday in Abuja at ...
The Minister of Power, Professor Barth Nnaji, has pointed out that the revenue required to drive efficient electricity industry be it generation, distribution or transmission came presently from consumers through the distribution companies, saying that...
Amid conflicts and attacks by land speculators on its construction workers building the multi –million naira mega filling station,the Nigerian Independent Petroleum Company (NIPCO) Plc , a major downstream sector operator in oil and gas industry,...
Resort Savings and Loans has recorded an impressive performance in its first quarter result as its profit rose to N81.39 million. The company result indicated that the profit went up by N8.86 million or 12.22 per cent when compared to N72.53 million ac...
A consortium of sixteen insurance companies and two brokers has signed over N40 billion Memorandum of Understanding (MoU) with Eagle Search Services of Nigeria, an indigenous outfit to combat the prevailing high level of poverty in the nation. The sche...
Oasis Insurance Plc has said that it was currently reinforcing to increase its mark in insurance industry and a better return on investment for its shareholders. The Chairman of the company, Chief Samuel Adegbite, who stated this at the 18th Annual Gen...
The International Federation of Adjusting Associations (IFAA), a global organisation set up to promote the role of loss adjusting associations, their members and the member associations has appointed a Nigerian, Mr. Darlington Mgbojikwe, as its new pre...
The lack of adequate manpower development is largely responsible for why the efficiency in the nation’s power sector went down, director- general of the National Power Training Institute of Nigeria (NAPTIN), Reuben Okeke has said. He disclosed th...
Access Bank Plc has said that investors in Intercontinental Bank would own 10 per cent of the merged entity after the two banks conclude their transactions at the end of this month. Speaking at a conference with investors, the chief executive officer o...
The management of Dangote Sugar Plc has released its first and second quarter results respectively on the floor of the Nigerian Stock Market (NSE), indicating growth in the company’s turnover. While the company recorded a turnover of N21.5 billio...
The Federal Government has described Dangote group as the highest private sector investor in the country, with an investment portfolio, running into billions of dollars. The group has also resolved to invest over N900 billion into the economy within th...
The South- East Economic Summit is expected to commence today at Nike Lake Hotel, Enugu.Eminent intellectuals, professionals, business and political leaders from the south-east are expected to attend the opening ceremony.A statement signed by the Enugu...
Neimeth International Pharmaceutical Plc has recorded a substantial growth for the financial year ended March 31, 2011, as its profit rose to N113.08 million.This is in contrast with loss after tax of N126.13 million posted in the comparative period of...
Transactions on the Nigerian Stock Exchange (NSE), yesterday further dropped by 2.2 per cent after some blue-chip stocks suffered huge loss in the prices of their shares.At the close of trading in the day, the twin market indicators, the market capital...