Shareholders of Dangote Sugar Refinery Plc will have cause to smile as the Board of Directors has proposed a total dividend of N12 billion for the financial year ended December 31, 2010.

Despite a significant improvement in trading on the Nigerian Stock Exchange (NSE), Wednesday, the value of listed equities dropped by N6.87 billion.

THE Federal government said on Wednesday that the nation’s industrial sector has since in the 1970s experienced major set backs because they were largely set up on ad-hoc basis without a clearly defined approach with definite targets and timeliness.

Mr Fola Daniel, Commissioner, National Insurance Commission (NAICOM), says the commission is partnering the Nigerian Financial Intelligence Unit (NFIU) in the fight against money laundering and terrorism financing.

ORGANISED labour in the nation’s petroleum industry, has warned that increasing unfair labour policies and practices portend the greatest threat to industrial peace and survival of the nation’s oil industry.

The purported endorsement of Senator Iyiola Omisore as governorship candidate of the Peoples Democratic Party, PDP, in Osun State for the 2011 election is already causing ripples amongst the party members in the state.

THE two warring royal houses in the Deji of Akureland Chieftaincy stool in Ondo State have agreed to sheath their swords following the appointment of their representatives ahead of the selection of a new traditional ruler for the town.

Chair-man, ad-hoc Committee on Science and Technology of the Lagos State House of Assembly, Mrs Omowunmi Edet, Wednesday, said when the residents’ registration law was passed, it would ensure proper identification of residents and facilitate implementation of development projects.

Bayelsa State Government has received regulatory approval to raise N50 billion Bond from the Nigerian capital market.

THE Anambra State Police Command has arrested a 60-year–old Nwankwo Nnabuobu, who allegedly murdered his wife over allegation of infidelity.

No fewer than 200 staff of the moribund Taraku Oil Mills have tendered their resignation en-masse after four and half years of non-payments of their salaries and other entitlements by the management of the company

As a tested politician who is versed in the art of deploying political strategies for maximum benefits, Anenih knows that a political party platform is a veritable means for contesting and winning elections. Therefore, the platform must be well run to achieve predetermined results.

House of Representatives member representing Malam Madori/Kaugama Federal Constituency in Jigawa State, Alhaji Yusuf Dumari, has said if the 11 suspended members apologise to the House, they may be forgiven.

ORGANIED labour in the printing and publishing industry has issued a 21-day ultimatum to the Northern Governors’ Forum, NGF, within which to pay workers of New Nigerian Newspapers Limited, NNN, their unpaid salaries since January and outstanding annual leave grants of 2006, among other demands, or risk industrial action.

ABIA State House of Assembly has rejected 12 out of the 41clauses sent to them by the National Assembly in the Constitutional Amendment Bill. The House has, however, approved the other 29 clauses.