African Cycle Pollution Management Limited has expended not less than $43 million in a determination to reduce ship pollution and cargo residue on the nation’s waters to create cleaner sea for shipping operation in Nigeria.

Following the agitations by individuals, companies and thenorganised private sector (OPS) over multiple taxation, the federal government has announced plans to introduce measures that will help address the issue and thus boost its revenue profile in the years ahead.

First City Monument Bank Plc (FCMB) has been named the “Best Telecom Supporting Bank in Nigeria” for the year 2009 at the Nigerian Annual Telecoms Awards.

By Godfrey Bivbere FinBank plc has part  nered an indigenous shipping company, Jevkon Oil and Gas Limited, to acquire a 2006 built, double hull vessel, MT Breakthrough to the turn of N156 million ($10.4 million). The bank’s decision to embark on the financing of the vessel acquisition hinges on the its belief that shipping takes […]

The President/ Chief Executive Officer of Anable Mobile , the latest entrant into the Nigerian telecommunication market, Nicholas Okoye has said that the company was committed to bridging the gap in the mobile device manufacturing space in Africa by delivering unique products that are higher in quality with the best products in the world.

THE National Executive Council (NEC) of the Nigeria Union of Journalists (NUJ) has called on President Umaru Yar’Adua to immediately declare a state-of-emergency on Nigerian roads following the wanton loss of lives as a result of poor condition roads in the country.

Occasioned by loss es on the share prices of blue chip companies, the value of listed equities on the Nigerian Stock Exchange (NSE) dipped, Monday, by 47.99 billion.

Ahead of its 2009 Annual General Meeting (AGM), operators and other stakeholders have commended the Oceanic International Bank Plc for writing off bad loans as directed by the Central Bank of Nigeria (CBN).

Mr. Oba Otudeko, Chairman of the Honeywell Group Nigeria and the immediate past president of the Nigerian Stock Exchange (NSE), has said that he was committed to the growth of the capital market throughout his tenure as president while also thanking the capital market community for the opportunity to serve in such capacity.

Moorgate Micro-   finance Bank, in line with microfinance bank objective of alleviating poverty by providing loans to small and medium scale enterprises, has financed the purchase of N4m worth of diagnostic tools and injector machines for the National Automotive Technicians Association (NATA), which comprise mechanics, panel beaters, re-wirers and other artisans involved in auto repairs […]

In spite of the scourging heat of the global financial meltdown, Prestige Assurance Plc recorded 33.47 percent rise in its net premium income for the financial year ended December 2008.

As part of its strategies to effectively work with the Federal Government to entrench the local content policy in the Oil & Gas sector, Standard Insurance Consultants is partnering with Willis Group, a global player in insurance business.

American International Group Inc. reported its first quarterly profit since 2007 on Friday, as the government-controlled insurer saw the value of some of its soured assets recover.

CRUSADER General Insurance Limited paid claims totalling N196, 183,305 between January and June 2009, the company’s Managing Director, Mr. Nimbe Oviosu has said.

In view of the diversification strategies put in place by individual company in order to boost their income, Sovereign Trust Insurance Plc (STI) investment and other income recorded an increase of 68 percent in the financial year ended December 2008.