Experts have said that the recent move by banks to access information through credit bureaux before giving loans to their customers would reduce high risk associated with lending. They also said that credit bureaux services would as well help banks and...
Guaranty Trust Bank Plc has set a strategic plan to sell its 67.68 per cent equity stake in Guaranty Trust Assurance Plc, to Assur Africa Holding for a consideration of N11.910 billion. The completion, which is subject to regulatory approvals, is expec...
The government has mandated Standard Chartered Bank (SCB) to serve as sovereign credit ratings advisor for the country. The British Prime Minister to Nigeria, David Cameron , the Minister of State for Finance of Nigeria, Dr. Yerima Ngama and the Group ...
Niger Insurance Plc has announced that it would reward the shareholders of the company with a bonus of one for 10 for the audited year ended December 2010. A cursory look at the company’s corporate actions made available to the NSE, also showed t...
The Managing Director of Sovereign Trust Insurance Plc, Mr. Wale Onaolapo has said that the company was reinforcing for a better return on investment. Onaolapo who disclosed this to newsmen in Lagos recently, said the current performance of the company...
The board of International Energy Insurance (IEI) Plc has appointed Mrs. Roseline Ekeng as the new managing director/ chief executive officer of the company. The appointment, which was made recently at the board’s meeting, was to fill the vacancy...
Minority shareholders of the Nigerian Bottling Company (NBC) Plc, weekend in Lagos at the Extra-Ordinary General Meeting ordered by the court strongly voted against delisting of the company from the Nigerian Stock Exchange (NSE) insisting that the comp...
Guinness Nigeria Plc is collaborating with its United Kingdom parent company, Diageo Plc, to invest £225million (N55 billion) to expand the capacity of its brewing operations. The formal announcement of the investment came on the heels of the rec...
A university don and head of transport management at the Ladoke Akintola University (LAUTECH), Ogbomosho, Dr. Bambo Somuyiwa is conversant with the country’s economy and problems. He has over 40 research publications mainly on transport, logistic...
Recently, a telecom mast in a Lagos neighbourhood fell and killed a young university graduate and destroyed vehicles.The incident re-opened the raging controversy about masts - whether they should be sited in residential areas or not. In this report, C...
Borrowing costs plunged to the lowest in 10 months in the first bond auction since dropping requirements for investors to hold government debt for at least a year.The nation sold 70 billion naira ($460 million) of bonds due 2014, 2015 and 2018 Wednesda...
Federal Government’s desire to enhance the capacity of the public sector to deliver government programmes using ICT has received a boost as Galaxy Backbone has extended broadband services to Ministries, Departments and Agencies (MDAs) within Abuj...
Foreign investors seeking investment have been called upon to look the way of Nigeria because of its suitable economic environment which ensures return on investment that is unmatched anywhere in the world. In a press statement signed by the NACCIMA me...
The decision by the minister of aviation to look into issues that have hindered the expansion of the general aviation terminal at the local wing of the Lagos airport is part of steps taken to resolve the standoff between the federal government and Bi-C...
The managing director of Federal Airports Authority of Nigeria (FAAN), Mr. Richard Aisuebeogun, has called on all stakeholders including security agencies in the aviation industry to rise to the challenge of increased incidence of bomb explosions in th...