Nestle Nigeria Plc has announced a dividend of N10.60 per share for its shareholders in its 2009 financial year.
According to a statement by the company released to the Nigerian Stock Exchange (NSE), Wednesday, the dividends which is subject to the approval of its shareholders at its Annual General Meeting, scheduled to hold, April 27, will be paid out, April 28, 2010. It further stated that the closure of its register of members will be April 16, 2010.

They gathered in their hundreds, with different ‘T’ shirts and Fez caps to match, bearing different inscriptions in the name of the late activist, Dr. Bekololari Ransome-Kuti.

In order to prevent manipulation of financial statement and promote good corporate governance every quoted company has been mandated to establish audit committee.

Stanbic IBTC Bank Plc, as parts of its commitment towards developing emerging market across the globe, has announced its plans to contribute its quota towards fast tracking the growth of the Nigerian capital market, the financial system and the economy in general.

Despite the economic slow down and other social factors which affected businesses in 2009, Nigerian Breweries has declared a 13 per cent increase in Operating Profit from N36.8 billion recorded in 2008 to N41.7 billion in 2009.

To ensure effective surveillance and security of its territorial waters, the Federal Government has acquired radar with coverage of 100 nautical miles to survey and monitor movements of vessels on the high seas.

Minister for Transport, Alhaji Ibrahim Bio has given the management of the Nigerian port authority an ultimatum to come up with a blue print for the development of the nation’s ports or face severe sanctions. The ultimatum was handed down to the NPA management for failing to develop a blueprint for the development of the country’s ports.

THE Nigerian Ambassador in Netherlands and leader of the Niger-Delta People’s Volunteer Force (NPDVF), Alhaji Mujahid Dokubo-Asari sharply disagreed, Thursday, during an international conference on the Niger-Delta over comments by Dokubo-Asari, who is currently in exile, that he is not a Nigerian.

By Charles Kumolu A GROUP, The Northern Patriotic Front, NPF, has condemned what it described as campaign of calumny against the leadership of Independent National Electoral Commission, INEC,  over the conduct of Anambra State governorship poll. It said the outcome of the election showed that INEC is committed to ensuring that leaders emerge through free […]

By Victor Ahiuma-Young BENIN CITY—AS Governor Olusegun Mimiko of Ondo State, yesterday, marked his first year in office, Edo State Governor, Mr Adams Oshiomhole, has sent a message of felicitation and commendation to him, saying   “it is also gratifying that your assumption of office has brought our two states closer as centres of people-driven governance,” […]

MATRIARCH of  the Obafemi Awolowo dynasty and Yeye Oodua of Yoruba nation, Chief Hannah Dideolu Awolowo will host the inaugural meeting of the Yoruba Legacy Forum today at Ikenne in Ogun State. The meeting is expected to affirm the decision of the January 14, 2010 gathering of the forum which stated that Legacy Forum will […]

THE inability of the Federal government to meet the 6,000 megawatts target it set for itself early last year, has once again cast doubt about government’s sincerity about solving the power problem in the country.

By  Ola Ajayi IBADAN—THE Action Congress(AC) in Oyo State said it was worrisome that it will contest the 2011 election with the Peoples Democratic Party which has no regard for due process. But, it vowed that as the electoral battle in the state gathered momentum, it had got in its possession all the electoral ‘weapons’ […]

By Dayo Johnson Akure—GOVERNOR Olusegun Mimiko of Ondo State yesterday promised not to disappoint the people of the state in the delivery of the dividends of democracy in years ahead. He spoke at a carnival held in Akure, the Ondo State capital to mark the one year anniversary of his administration which at the Akure […]

By Tony Edike ENUGU—A total of 1,088 persons were arrested and detained by the police in Enugu metropolis between September and December last year for various offences. The arrests which were made by policemen serving in 13 police stations within the Enugu capital city, confirmed the high crime wave witnessed within the last quarter of […]