Personalities who will shape Jonathan’s Presidency
THE Goodluck Jonathan administration that has just taken off would in the next four years and possibly beyond through its policies and programmes shape the lives of Nigerians and possibly the country’s international stakeholders.
TUC issues ultimatum to Union Bank, as ex-workers protest unpaid benefits
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 may acquire Benue, Champion breweries
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.
External reserves fall again by $458m
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.
NAICOM allays fears on insurance of public buildings
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.
Lagos lands bureau rakes in N57.9bn in 4 years
The Lagos State government earned N57.92 billion from all land transactions conducted in the state within the last four years.
Lagos generates N3bn from property tax in 2010
The Lagos State Government generated N3.02 billion through property taxation in 2010 under the Land Use Charge.
Regulator seeks good corporate governance as regulatory method changes
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.
African insurance regulators dread liquidation of companies – NAICOM
Insurance regulatory bodies in Africa dread the role of being undertakers and being forced to intervene in the companies they supervise when companies under their control suffer liquidation.
Stock market capitalisation swings by N18bn
Activities on the Nigerian Stock Exchange NSE last week maintained unstable trend as equities market opened the week on a bearish note to close slightly on a bullish note by N18.07 billion.
Senate urges CBN to increase cash withdrawal limit
The Senate has asked the Central Bank of Nigeria (CBN) to increase the amount of money an individual could withdraw across the counter in its new Retail Cash Collection Policy. The CBN had issued a circular ordering commercial banks and allied service providers not to allow cash withdrawal and lodgments by individuals exceeding N150,000 by June 1, 2012.
