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AIG shares continue dive after reverse stock split

American International Group Inc. shares continued to plummet one week after the company approved a reverse stock split and as jury deliberations began in a $4.3 billion trial against its former CEO.

FG urged to address relocation of industries to Ghana

The immediate past President of the Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, has appealed to the Federal Government to work hard to stop relocation of industries from the country to Ghana.

N70b textile funds nonexistent, says Lawmaker

The clamouring and lobbying for the Federal Government’s N70 billion textile revival fund by manufacturers in the textile sector may soon ebb as the money is said to be nonexistent.

Collaborate with other agencies, Minister charges CRFFN

Minister of Transport, Alhaji Ibrahim Isa Bio has called on the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) to partner with other organisations and parasatals under his watch to ensure it fulfil its statutory roles and responsibilities as enshrined in the CRFFN Act 2007.

N600 billion agric fund: Nigerian farmers want fair sharing

Small scale farmers in Nigeria , under the auspices of the United Movement of Small Scale Farmers have urged the Federal government to ensure proper and fair disbursement of the N600 billion agriculture intervention fund towards rejuvenating the nation’s comatose agricultural sector.

NPA engages 16 new pilots, presents certificates

As part of measure to increases the number of pilots in its employment, the Nigerian Ports Authority (NPA) has engaged the services of the 16 successful candidates that scaled its pilot’s examination for new pilots.

N800m consignment trapped at port over absence of cargo equipment

Despite payment of N226 million duty on its N800 million worth of iron rod consignment by B/ Bird Capital with loan facility, the goods are still trapped at the Josephdon terminal in Tin_can Island port for over four weeks after obtaining all relevant clearing documents.

FG earns $51.64 million from Onne Port in 40 months

The Federal Government earned about $51.64 million as fees paid by the concessionaire of the Onne Ports in Rivers State between 2006 and April 2009. The Commercial Manager of Intels Nigeria Ltd, Mr Akintoye Akinpelu, disclosed this while receiving the House of Representatives Committee on Privatisation and Commercialization at the Onne Port on Saturday.

NSE trading grounded as system fails

Transaction on the Nigerian Stock Exchange (NSE) was put in abeyance owning to the grounding of a power panel that helps to supply power to the trading machine on the trading floor.

Funds begin to flow to importers and

Donors formally com mitted funds today to the $50 billion Global Trade Liquidity Program (GTLP), triggering the first disbursements to importers and exporters in developing countries to help reverse the decline in trade resulting from the economic crisis.

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