Mr Aniekan Akpan, PENGASSAN Abuja Branch Chairman, has faulted the contracting of 21 crude oil terminals for pre-shipment inspection to a foreign firm by the Federal Government.In an interview with the News Agency of Nigeria (NAN) in Abuja on Friday, Akpan stated that it was a drain on the economy. Akpan added that the action was a waste of government resources in theface of scarce resources.

In a renewed determination to ensure a stronger hold on the electronics market, Live is Good (LG) Electronics has opened a new showroom in Ikoyi, Lagos, even as it launches new product.

What would you do with $1million US dollars?. This has been the question agitating the minds of subscribers connected to the Etisalat network. Surely, you will say, I would definitely be dazed, that is if you are lucky enough to become a winner in the on-going Etisalat 9jillion promo. You sure will say, “my life will turn around for the much better.

Exhibitors at the just ended maiden edition of the CFO Baby and Child Fair have commended the organisers for giving them a platform to display their wares. The CFO Baby & Child Fair is the first of its kind in Nigeria.

Where is the place to be.? The place to be is a place where everything is easier to achieve, a place to be fulfilled.
The place to be is where treasurers are protected, business is intact, a place re-assured. The place to be, is where there is no frustration, where with the touch of a button, problems are reached and solved.

Oil firmed towards 72 dollars a barrelon Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilising and due to geopolitical concerns over key oil producers Iran and Nigeria. U.S. crude rose 49 cents to 71.86 dollars a barrel having topped 72 dollars earlier.

The management of Lagos Free Trade Zone (LFTZ) and Lekki Port LFTZ Enterprise said the forthcoming Nigeria Maritime Ports and Terminal (NIMPORT) Expo and Conference will address energy cost, logistic among other issues.

THE atmosphere was yesterday mistaken for a burial ceremony as staff of the Corporate Affairs Commission (CAC) wept profusely following the exit of the Registrar-General of the Commission, Ahmed Almustapha after putting in eight years.

The Fiscal Responsibility Commission is to collabo rate with the Centre for Social Justice to enhance fiscal transparency and effective budget monitoring This was the outcome of the meeting held between the Fiscal Responsibility Commission led by the Chairman, Alhaji (Dr.) Aliyu Jibril Yelwa and the Centre for Social Justice led by its Lead Director, Eze Onyekpere on Wednesday at the Commission’s headquarters.

First Bank of Nigeria (FirstBank) has acquired a risk management solution from SAS, a global analytics software and services company and largest independent vendor in business intelligence market.

Resort Savings and Loans Plc, one of the forefront primary mortgage institutions (PMIs) in the country has concluded plans for listing at the Nigerian Stock Exchange. Making this known at the Extra-ordinary General Meeting of the company at the weekend, Mr. Joe Idudu, chairman, board of directors of the PMI noted that the listing of the company’s shares at the Nigerian Stock Exchange will guarantee investors a steady window of opportunity to trade in the shares by buying new shares of the mortgage bank on the floor of the capital market.

Underwriters trade group, Nigerian Insurers Association has announced a record total gross premium income of about N164.5 billion during the 2008 operations period of member-companies. The same period saw insurers paying N53.3 billion in claims to policyholders across the country.

By OMOH GABRIEL Business Editor THE orgainsed private sector  weekend spoke of their expectation of the new CBN governor, Sanusi Lamido Sanusi. In a statement signed by its president, Asiwaju Solomon Kayode Onafowokan, the body of business men based in Lagos wanted the new CBN governor to pay particular attention to the following areas in […]

Mr. Abimbola Odunsanya is the chairman, Lagos chapter of the Chartered Institute of Taxation of Nigeria, a tax practitioner and financial analyst. In this interview, he speaks on how an effective tax system can become an alternative revenue earner for the government and help drive the country’s economy especially with the dwindling fortune of the oil price

DIRERCTOR general of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Ade Dosunmu, has restated the agency’s commitment for inter-agency collaboration to ensure effective implementation of government policies in the Nigerian maritime sector.