Oceanic Bank PLC is of fering a good day to both it’s existing and prospective customers.

Deregulation was touted as a process that would encourage oil marketers to import fuel on their own account for sale rather than their almost total dependence on NNPC funded imports. The resultant freer market would encourage competition and petrol prices would presumably come down.

A real estate development firm, Pentagon Real Estate Investment Limited, has been granted a loan of $5 million by the Kenya-based Shelter Afrique for housing development in Nigeria.

Insurance brokers have expressed their displeasure over attempts by financial authorities in the insurance sector to elevate insurance agencies (agents) above brokers to drive the industry’s Market Development and Restructuring Initiatives (MDRI), an initiative of the insurance regulatory body, National Insurance Commission (NAICOM).

in line with the aspirations of the entire insurance industry to recruit future generations practitioners in the sector, succession plans have become imperative for insurance and reinsurance companies, says Mr Adeyemo Adejumo, Managing Director, Continental Reinsurance Plc.

A bearish trend was recorded on the Nigeria Stock Exchange (NSE), last week, as investors lost a significant portion of their investment in the market, as the value of listed equities depreciated by N44.23 billion.

Afromedia Plc has announced a dividend of N201.77 million, representing a dividend of five kobo per share for its shareholders in its 2009 financial year.
The company also announced its plans to shore up its capital base, either by raising funds from the capital market, debt market, through loans or by any other means.

TO strengthen internal democracy within the ruling Peoples Democratic Party, PDP, the party has ruled out automatic tickets for any of its members in coming general polls.

Securities and Exchange Commission (SEC) and financial experts last week, indicted audit committees of quoted companies for their ineffectiveness in discharging their roles and functions as empowered by the Companies and Allied Matters Act (CAMA) 1990.

GOVERNOR Emmanuel Uduaghan of Delta State has been called upon to pay the monetary compensation to the Opiti family for illegal acquisition and occupation of the family land at Uzere, Isoko South Local Government Area since 2002 by the former James Ibori administration.

Union Bank of Nigeria PLC would showcase its strong fundamentals of time tested banking with provision of quality service and products at the Kaduna International Trade Fair. Its teeming and prospective customers will also enjoy online real time services.

Skye Bank Plc has projected a profit after tax of N3.457 billion for the half year ending 30, 2010, raising investors’ hope for a profitable year ahead.

Buoyed by increasing idle funds in banks’ vault, which rose above N600 billion last week, the prices of FGN continued their upward trend with the top five bonds rising by an average of N4.26

The bearish trend recorded last week is expected to ease
slightly, this week, giving way to a fluctuating trend, as investors take position ahead of the barrage of financial statements expected this month from banks and other companies quoted on the Nigerian Stock Exchange (NSE).

Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka says it is possible for bank customers to safeguard their money in a bank against distress and he explains how this can be achieved.