First Bank of Nigeria Plc has doled out a total of N5 million as cash prizes to a total of 100 customers in the second edition of its ongoing Golden Promo.

The Minister of Lands, Housing and Urban Development, Mr. Nduese Essien, has absolved himself from involvement in the allegation of fraud in the implementation of the ministry’s budgets in the 2008 and 2009 appropriation bills.

Bharti Airtel Limited has announced a 17.4 per cent growth in its first quarter revenue to N393.75 billion (US$ 2.625 million).

Management of Spring Bank Plc has declared a Profit Before Tax (PBT) of N2.35 billion in its 2010 half year operations.
It is the second consecutive quarter that the bank will be posting a profit since its inception in 2006; having recorded a PBT of N636.0 million in its 2010 first quarter result.

Standard Bank has restated its commitment to Nigeria as one of its core countries for investment, according to an official. The official, however said that non-disclosure agreements with the Central Bank of Nigeria (CBN) on its expansion plans were guarding its pronouncements.

In a recent pronouncement, the Nigerian Central Bank announced the establishment of a federally-assisted programme specifically aimed at promoting agricultural enterprises.

A private estate development firm, International Business Bureau Limited (IBBL), has pledged to deliver a minimum of 2000 housing units in Kwara State before the end of the current administration in the state next year.

In the past, horticulture which is the science/art of cultivating fruits, vegetables, flowers, or ornamental plants, was generally seen as an activity undertaken for pleasure/relaxation, usually done during one’s leisure time but today, that perception has changed.

Skye Shelter Fund’s Real Estate Investment Trust (REIT) has announced an interim dividend of N3 per unit for its unitholders for its 2010 financial year, thereby, bringing the total dividend to be received by investors to N10 per unit.

The Nigerian National Petroleum Corporation (NNPC) and insurance operators in the country have come to the realisation that insurance companies are tearing themselves apart over oil premiums whilst they left other areas untapped.