Oando shareholders seek increase in share capital
Against the backdrop of servicing banks' loan, shareholders of Oando Plc have called on the Board of Directors of the company to raise fresh funds by increasing its share capital.
GT Assurance transforms into Mansard Insurance
GT Assurance Plc is now Mansard Insurance Plc. The new name was unveiled at the Corporate Head Office of the company in Lagos last week.
Flour Mills to invest N100bn in Nigeria in five years
Flour Mills Nigeria Plc said it will invest N100 billion in Nigeria within the next five years. The company, in a statement announcing its new organisational structure and investments, said N30 billion would be invested in the agro-allied segment within the next five years to boost its manufacturing capacity and operations.
FG inaugurates technical committees to tackle investment bottlenecks
The Federal Government has inaugurated two technical committees for the Doing Business and Competitive Committee and Investor-Care Committee to tackle the problems militating against the ease of doing business in Nigeria; inflow of Foreign Direct Investment; and ultimately improve the country’s ranking in the Global Competitiveness Index.
CBN seeks more funds, autonomy for DFIs
The Central Bank of Nigeria (CBN) on Wednesday advocated that Development Finance Institutions (DFIs) in Nigeria be granted operational autonomy and repositioned to perform the role envisioned for them.
NIC ‘ll consider effect of labour related matters – Adejumo
PRESIDENT of National Industrial Court, Justice Babatunde Adejumo, has said that the court will at all times consider the consequential effect of any judgment that is labour-related in order not to paralyse the nation’s economy or make the workers suffer.
