Against the backdrop of the ongoing global economic meltdown which is impacting on all facets of the economy, a renowned estate surveyor and valuer, and managing partner of U. K. Ovesuor & Partner, Mr. Elias Ovesuor has noted that the impact is not too pronounced in real estate practicegenerally but on an aspect of the practice which is agency. Agency in real estate business refers to property brokerage, leases, sales and so on.Read More
The Lagos State Govern ment has announced the designation of all branches of Fidelity Bank in the state as E-Service Points (ESP).Â By this appointment, all payments to the Lagos State Government can be made through Fidelity Bank Plc.Â Also, all information and documentation about payments to Lagos State, including the electronic tax clearance certificate
Consolidated Breweries Plc, one of the foremost beverage companies in Nigeria, has obtained permission from the regulatory authorities to acquire the majority stake holding in Dumex Industries Limited (DIL)/Maltex, a subsidiary of CFAO Nigeria Plc. This was made possible following the decision of CFAO to divest from DIL/Maltex by offering its 95.05% equity holding to Consolidated Breweries Plc.Read More
By Micheal Eboh The Nigerian Stock Ex change (NSE) yesterday listed 4,966,666,668 shares of 50 kobo each at N2.50 per share of MTech Communications Plc, a leading mobile Value Added Services (VAS) company in Nigeria.
By Michael Eboh Government of the Unit ed States America (USA) has reiterated commitment to ensuring food security in Nigeria , as it announced its plan to partner with the Bank of Industry (BOI) in Nigeria to provide the much needed support and boost the countryâ€™s agriculture sector.
The dredging of the lower partÂ Â Â of River Niger will commenceÂ Â by the end of July as against the earlier date of July 7, according to Mike Dike, General Manger, Engineering, National Inland Waterways Authority, NIWA.Dike disclosed on Tuesday in Lokoja that survey and other pre-dredging activities were currently going on along the portion of
By Dotun Ibiwoye The effect of the meltdown in the capital market is graduallyÂ Â surfacing, despite the return of the bullish trend in the market,Â Â as a stockbroking firm, De-Lords Securities Limited has dragged Access Bank Plc to court for alleged breach of contract over a N1.5 billion margin facility granted it by the bank.
Michael Eboh A lull was recorded in equity trading on the Nigerian Stock Exchange (NSE), Monday, as trading on the shares of listed equities dipped by 29.6 per cent. Particularly, a turnover of 355.9 million shares valued at N2.95 billion was recorded in 11,058 deals in contrast to Fridayâ€™s turnover of 505.52 million shares valued
By Godfrey Bivbere The number of vessels in the nationâ€™s fleet has been boosted with eight new additional ships recently acquired by Slok Nigeria Limited own by the immediate past Governor of Abia State, Chief Orji Uzor Kalu, in partnership with Diamond bank. The bank provided the company about N30,680,000.00 (US$260Million) with which it acquired
By Princewill Ekwujuru For 90 days, two phones will be given away every hour, even as a grand prize winner will be rewarded with $1 million, courtesy the 9jillion promo embarked upon by Etisalat Nigeria network. Steven Evans, Chief Executive Officer, Etisalat NigeriaÂ revealedÂ at the press conference to announce its rollout plans, saidÂ the
By Daniel Ailemen From its 2009 air-conditioner line-up, Panasonic said it has introduced into the Nigerian marketÂ an environmentally friendly air conditioner. The new product, the company said is a range of eco-inspired air conditioners which has combined aesthetics with environmental responsibility and performance. Mr. Bhojraj Rupani, Managing Director, Panaserv Nigeria Limited, marketer ofÂ PanasonicÂ
The twin issues of poverty eradication and infrastructure development will continue to top the priority of Oceanic Bank International Plc in the task of growing Nigeriaâ€™s economy and building a self-reliant nation.Read More
By Princewill Ekwujuru & Daniel Ailemen In encouraging acts of heroism in children,Â Dufil Prima Foods Limited, producers of Indomie noodles has began the search for the next set of heroes for the Indomie Independence Day Award for Heroes of Nigeria.
A Nigerian bank quoted on the Nigerian Stock Exchange (NSE) has concluded plans to clean up its balance sheet in order to provide shareholders with favourable long term values.Read More
The Federal Government has queried ministries, depart ments and agencies (MDAs) in the federal civil service over the non-remittance of National Housing Fund (NHF) deductions to the Federal Mortgage Bank of Nigeria (FMBN).Read More