DSS operatives invade Thomas Reuters’ correspondent residence

DSS operatives invade Thomas Reuters’ correspondent residence

Operatives of the Department of State Services, DSS, weekend, invaded the home of the correspondent of a foreign news agency, Thomas Reuters, Mr. Tife Owolabi, over alleged suspicious act of espionage and carted away personal computers and electronic working gadgets.
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Insurance products to be sold at parks, filling stations — NAICOM

Insurance products to be sold at parks, filling stations — NAICOM

The National Insurance Commission (NAICOM) is making plans to introduce parks and filling stations as selling points for insurance products. The Commission said the need to provide multi-channel outlets to sell insurance products has become imperative for the industry’s customers to buy insurance products at ease. Commissioner for Insurance, CFI, Mr. Fola Daniel, made this known to insurance correspondents, in Benin, Edo State.

Anxiety as suspected ritualists invade Agbor

Anxiety as suspected ritualists invade Agbor

Residents of Alisimie, an agrarian community, in Agbor, Ika South Local Government Area of Delta State, are now living in perpetual fear, following alleged presence of people suspected to be ritualists.

Nigeria still investment destination, despite challenges — Dangote

Nigeria still investment destination, despite challenges — Dangote

lagos—President of Dangote Group and Chairman of Dangote Cement Plc, Aliko Dangote, has advised Nigerians to see the current economic challenges being faced by the country as a wake up call for all to re dedicate themselves to the task of building the nation through production activities. Dangote, who has always expressed his faith in Nigeria as an economically viable nation, told a delegation of cement distributors from across the country who paid him a visit in his office in Lagos that Nigeria still remained the destination of choice for investments despite the economic and security challenges.

NB declares N37.2bn dividend

NB declares N37.2bn dividend

The Board of Directors of Nigerian Breweries, NB Plc has declared a total dividend of N37.2 billion for the 2014 financial year. The amount represents a pay out of N4.75 (four naira seventy five kobo) per ordinary share of fifty kobo each. According to the company, the total dividend of N37.2billion has been recommended by the board for shareholders’ approval at the 2015 Annual General Meeting, AGM.

Nigerians can’t afford more than single-digit mortgage — FMBN MD

Nigerians can’t afford more than single-digit mortgage — FMBN MD

The mortgage industry in Nigeria is just starting if you look at the size of our contribution to the GDP is less than one percent but my target before I leave here is that we should be able to contribute at least 15 percent. That is why we are putting a lot of issues on ground to be able to drive this process.

NAHCo partners NSCDC to boost airport security

NAHCo partners NSCDC to boost airport security

The Nigerian Aviation Handling Company (NAHCoAviance) has entered into a partnership with the National Security and Civil Defence Corps in order to enhance security at the Murtala Muhammed International Airport, MMIA, Lagos.

ChamsMobile, Skye Bank to launch virtual Visa card in Nigeria

ChamsMobile, Skye Bank to launch virtual Visa card in Nigeria

ChamsMobile in collaboration with Skye Bank Plc has entered into agreement to launch a Virtual Visa Card in Nigeria an entirely digital payment card for online and mobile use. In a statement, Deputy Managing Director, ChamsMobile, Mr. Gavin Young, expressed excitement in partnering with Skye Bank on the new virtual payment solution, developed with the company’s international joint venture partners Bancore and Global Technology Partners (GTP).

Market conditions not favourable to IPOs this year — Experts

Market conditions not favourable to IPOs this year — Experts

The present market sentiment which is expected to be sustained in the first half of the year does not support any market listing or an Initial Public Offer, IPO, in 2015, experts at United Capital Plc have said. This is contained in their end of year review titled, “Nigerian Economy and Financial Markets, 2014 Review and 2015 Outlook: ‘Tales of Two Halves’.