The National Association of Government Approved Freight Forwarders (NAGAFF), has withdrawn the pre-action notice it gave the Standards Organisation of Nigeria (SON). Also withdrawn was the petition it filed against the organisation which has been a sub...
Director general of the National Youth Service Corps (NYSC) Brigadier-Geneneral Maharazu Tsiga, has appealed to states and Local Government Councils in the country to increase Corps members’ monthly allowances, in line with current realities. Tsi...
A Federal High court in Abuja has fixed October 19 to deliver judgment on a suit filed by a senior director of the National Assembly Service Commission, Suleiman Mohammed for his alleged retirement by the commission. The trial judge, Justice Ibrahim Au...
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...
Following the persistent depression in the nation’s equity market, market operators have agreed that for the market to regain its pride of place as a centre for capital formation, the incoming finance minister, Dr Ngozi Okonjo-Iweala, must ensure...
Apex pro-Islamic group in northern Nigeria, the Supreme Council for Shari’ah in Nigeria (SCSN) yesterday broke its silence on the lingering Boko Haram uprising, stating that the withdrawal of the Joint Task Force (JTF) is the only viable conditio...
The Peoples Democratic Party (PDP) has again lost an appeal for extension of time to file a reply to petitions raised by another Action Congress of Nigeria (ACN) candidate for the House of Representatives polls. It had lost similar appeal for more time...
The Chief Monitoring Officer, Nigeria Broadcasting Commission (NBC) in Kwara state, Mr. Ekanem Anita has assured customers of broadcast stations as well as service providers of quality content. He told newsmen shortly after a customer forum organised b...
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...