Nigerian National Petroleum Corporation (NNPC), has signed agreements with Royal Dutch Shell Plc and Chevron Corp. for the supply of natural gas to the country’s power stations just as crude oil prices rose to $115.

In a renewed market move aimed at further consolidating the Lucozade Sports brand, glaxosmithkline (GSK) Consumers have re-branded the Lucozade Sport orange and lemon variants of the leading sports drink to be at per with global standard. The re-branding which is both in content and packaging was made known at an experiential media parley which held last Sunday in Lagos

Bankers in Nigeria have faulted the ongoing mergers and acquisition in the banking sector, alleging that people of questionable character are clandestinely taking over the nation’s banks in the name of mergers and acquisition.

I recall that, Late President Umar Yar’Adua (God bless his soul)crystallized a 7-Point Development Agenda, which unfortunately, failed to impact positively on the social welfare of the critical mass in our country. Some critics believe that Yar’Adua would have done better if he focussed on two or three critical areas of deprivations for urgent attention and remediation

The Central Bank of Nigeria (CBN) on Friday ordered banks to lend to all the agricultural value chains and develop sound financial delivery system that would serve the needs of farmers

Worried by the spate of reputation challenges presently confronting the nation, the Nigerian Institute of Public Relations, (NIPR), said it would soon convene a national summit involving key stakeholders, with a view to dissecting the image problem of the country and chart a new way forward.

Mr Lugard Aimiuwu, President of National Institute of Marketing of Nigeria (NIMN), has advised the Central Bank of Nigeria (CBN) against constant increase in lending rates. Aimiuwu told the News Agency of Nigeria (NAN) in Lagos that frequent increase in lending rates would affect the growth of the real sector, particularly agriculture and small scale enterprises.

The Minister of Land, Housing and Urban Development, Chief Nduese Essien, has threatened the use of all available legal means, including the Economic and Financial Crimes Commission (EFCC) to ensure that un-remitted monies deducted from workers’ salaries to the National Housing Fund (NHF) are fully recouped from defaulting agencies.

Trade Union Congress of Nigeria, TUC, has issued a month ultimatum to the management of Union Bank of Nigeria, UBN Plc, as they concluded negotiations on perceived unlawful sack and payment of gratuities to 2,710 ex-staff of the bank or risk series of industrial actions.

Consolidated Breweries (CB) Plc may be at the verge of acquiring Benue Breweries Limited and Champion Breweries Plc if the planned acquisition of the majority shares of both brewers gets the approval of its shareholders, as it fetes distributors.

For the second consecutive week, the nation’s external reserves fell by $458 million to $32.576 billion.
Meanwhile, FGN Bonds on the average lost 60.6 kobo of their value last week as yields rose in response to the increase in Monetary Policy Rate (MPR) on Tuesday.

The National Insurance Commission (NAICOM) has moved to allay the fears of stakeholders over the planned implementation of Sections 64 and 65 of the Insurance Act 2003, which stipulates that all public buildings, including those under construction must be insured.

The Lagos State government earned N57.92 billion from all land transactions conducted in the state within the last four years.

The Lagos State Government generated N3.02 billion through property taxation in 2010 under the Land Use Charge.

With the adoption of risk-based supervision, the National Insurance Commission (NAICOM) aims to beef up regulatory processes even as it targets good corporate governance, Rosemary Onuoha writes.