Lagos, August 10, 2009 Dana Airlines Limited has launched a new promo in which passengers can pay as low as N9, 000 for a one way ticket to any of its routes. The airline currently operates daily flights to Enugu, Lagos and Abuja, and is set to extend its operations to Kano in the week commencing August 17, 2009.

Despite the global meltdown which currently hangs major airlines in the world in the balance, Ethiopian Airlines has more than doubled its annual net profit to $118.6 million.

The Nigerian Civil Aviation Authority (NCAA) has said the main hurdle left for Nigeria to cross to attain the U.S. Federal Aviation Administration’s category one certification was in the area of compliance and enforcement.

SKYE Bank Plc has been rated by Renaissance Capital (Rencap) as the ‘fastest growing tier two Nigerian bank’.According to the July edition of Renaissance Capital’s report which focused on Nigerian banks, Skye Bank made significant and greater market share gains than any other tier-two Nigerian bank between 2002 and 2008 despite the challenges of a five-way merger.

INVESTORS’ woes heightened last week, as the value of their investment on the Nigerian Stock Exchange (NSE) dipped by N262.4 billion.The dip in their investment value was engendered by continuous decline in the key market indices, represented by the market capitalisation and All-share index. Both the capitalisation and index depreciated by 4.51 per cent each.

The scarcity of funds (liquidity squeeze) in the interbank money market intensified last week prompting cost of funds to rise to 23 per cent

The Central Bank of Nigeria (CBN) has intervened at Intercontinental Bank Plc, appointing Mr. Joseph Ajewole as the acting Managing Director. The apex bank also injected N100billion into the institution with assurances that customers’ deposits are guaranteed.

Finance Minister, Dr. Mansur Muhtar weekend tasked the Nigerian Army to modernise and align its finance corps as a matter of necessity, to the reform objectives of the Federal Government and international best practices as minimum criteria for appraising the transformation agenda.

Hundreds of Integrated Macro Finance Bank customers in Kano staged a peaceful protest at the premises of the bank weekend over the bank’s failure to meet their withdrawal requests.

FIRST Bank of Nigeria (FBN) Plc shareholders have commended its board of directors for appointing its staff as the new managing director, just as they pledged to give the new helmsman ,Mr. Steven Onasonya the desired support that would move the bank higher.

The new Managing Director and Chief Executive of Oceanic Bank International Plc, Mr. John Aboh has assured customers of the bank that with the injection of N100 billion by the CBN, the bank has addressed its liquidity gap. He also added that this would help the bank meet all its financial obligations noting that the bank is now safe and sound.

Before now, manufacturers of products had relied on segmenting the market to get to their target audience, but today, the story is not the same, companies have employed other mechanisms like promotions, educational offers, free gift in packs, buy one get one offer etc. So, if you want to reach your target market forget demographics. This kind of segmentation creates a profusion of possibly misleading data. There is a better way to score the bull’s eye.

Accenture Nigeria has disclosed that it’s research has shown that a combination of technology trends will significantly shape the future and help address global challenges.

At the 36th AGM of the Association of Advertising Practitioners of Nigeria (AAAN) in Enugu State, titled Re-branding, Re-positioning or Re-Pairing, Prof. Ike Ndolo, Dean, Faculty of Management Sciences, Enugu State University of Science and Technology (ESUT) spoke on the hope, convergence and the need to reposition Nigeria. Below is the text of his speech delivered undiluted, Princewill Ekwujuru. was there. Excerpt

Datol Investment limit ed said it is bringing into the market a new energy drink christened; MG puma. Datol investment who are sole distributors of the product said the drink has come into the market to fight for a share of the market size.