Vitafoam Nigeria Plc, has introduced a new range of foam products into the market. The company has also unveiled Vitafoam Comfort Centres in Lagos .

The Japan International Cooperation Agency, JICA, has been urged to focus on those factors that would increase production and add value to Nigeria’s raw commodities in the One Local Government One Product programme.

IN an apparent bid to reduce the volume of rice imports into the country, Notore Chemical Industries Limited, and Taraba State Government have signed a memorandum of understanding, MoU, to build a multi-billion naira rice mill in the state.

Oando PLC has announced expansion of its investments from oil and gas into industrial sector. The company cited its Kaduna Lubes Plant for the manufacturing of Oleum range of lubricants, and its Greenfield products reception terminal at the Lekki Free Trade Zone, Lagos as examples of its expansion drive.

Customers of Green House Investment Solutions have expressed concern over the uncertain state of the microfinance institution as it battles to recover from failed investments that led to its temporary closure, which could sound the death knell for the microfinance sector that is gradually gaining public trust and patronage by depositors.

The 45th president of the Institute of Chartered Accountants of Nigeria, ICAN, Mrs. Elizabeth Adegite, has warned Accounting Technicians against fraudulent practices that can bring the reputation of the profession to disrepute.

Chairman, Ogun East of Peoples Democratic Party (PDP), Elders Council, Chief Kolapo Ogunjobi has called for serious caution from the members of the Ogun State House of Assembly on the resolution 167 in order not to put a clog in the wheel of progress in the state.

By Michael Eboh
Experts in the Nigerian  financial industry are beginning to express concerns over plans by the authorities in Angola to set up an active stock market in that country, noting that the development spells doom for the capital market, as a number of foreign portfolio investors will divert their funds to Angola, [...]

Africa RE, the leading reinsurance corporation, has put Nigeria on the global insurance industry map, by being the first company in Nigeria to get a new A-(A minus) rating from Standard & Poor’s, probably the world’s most renowned rating institution. Standard & Poor’s Ratings Services raised its long-term financial strength rating and counterpart credit rating on Nigeria-based African Reinsurance Corp., Africa Re to ‘A-’ from ‘BBB+’.

Stakeholders in the public sector accounting have been implored to brace up for the challenges of standardisation of financial reporting in the sector in order to maximise potentials of government spending in the sector.

By AbdulSalam Muhammad, Kano Stanbic IBTC Pension Manager Limited has revealed it has in its kitty a whooping sum of N 300 billion pension fund .