Following the increasing cases of building collapse across the country some insurance stakeholders have decried the poor showings of insurance companies citing the delay to enforce compulsory building insurances by the regulator as one of the reasons f...
Royal Exchange Plc has recorded a 25 per cent growth in gross earnings during the half year ended June 2011. In a corporate action by the Insurance Company to the Nigeria’s Exchange and obtained by Leadership, the company’s unaudited ...
Stakeholders in the housing sector have raised the alert over the environmental disasters occasioned by the effect of climate change in the country, warning that the global trend was beginning to attain worrisome dimension in the nation. Speakers at th...
The Minister of Housing and Urban Development, Amal Pepple, has urged private investors to ensure that good, affordable and high quality houses should be provided for the citizens. She gave the charge in Abuja at the “Ground Breaking event”...
The federal government has concluded arrangements to begin collection of data on Gross Domestic Products (GDP) of the 36 States of the federation.The total budget for States’ GDP computation in selected States – Kano, Cross River, Lagos, Go...
The Nigerian Electricity Regulatory Commission (NERC) has remitted N360 million to the Federal Inland Revenue Service (FIRS) as value added and withholding taxes collected on behalf of the Service between 2006 and 2010. The Chairman, Dr Sam Amadi discl...
Reeling from huge non-performing loans, Access Bank’s third quarter result still showed a rise in profitability as profit after tax grew by 34 per cent from N9.6 billion to N12.8 billion in the third quarter ended September 30. The figure i...
The National Poverty Eradication Programme (NAPEP) has joined its counterparts all over the world to mark the International Day for the Eradication of Poverty (IDEP).Speaking at the opening ceremony, the Senior Special Assistant to the President (SSAP)...
The Federal Government has given flour millers in the country a three-month ultimatum to commence the 10 per cent substitution of cassava flour for wheat flour being imported into the country.The Minister of Agriculture and Rural Development, Dr Akinwu...
The House of Representatives on Tuesday faulted the decision of the federal government to withdraw some regulatory agencies from all the entry points across the country, asking it to revert back to the former arrangement.Specifically, the members have ...
The Managing Director and Chief Executive Officer of Oil and Gas Free Zone Authority, Dr. Noble Abe, has identified technical inefficiency as the major reason for premium motor spirit (PMS) or petrol importation in the country and advised the federal g...
Bowleven , a West African oil and gas group, based in Edinburgh and traded on AIM since December 2004 has announced the discovery of oil at the Sapele-3 exploration well drilling in the Douala Basin, offshore Cameroon.Chief Executive, Kevin Hart,...
Skye Bank has posted a gross earning of N73.3 billion in the third quarter ended September 30,2011, an 11 per cent growth over the N66.2 billion posted in the comparable period of last year.Profit after tax also rose by nearly 10 per cent to N9.4 billi...
The governors of Edo and Rivers States,Comrade Adams Oshiomhole and Mr. Rotimi Amaechi have faulted the federal government on the allocation of about 73 per cent of the total budget to recurrent expenditure.The governors said this yesterday...
The impact of the Central Bank of Nigeria’s intervention is still reverberating as the naira appreciated at the bi-weekly auction yesterday to close at N149.95 to the dollar, from N150 at the previous auction. The CBN met demand, selling $296.91 ...