The Lagos State Government is planning to establish three additional asphalt plants in Badagry, Ikorodu/Epe axis and the Lagos Mainland.

Longman Nigeria Plc has announced the composition of a new Board, with the appointment of Chief Emeke Iwerebon as Chairman of the company.

The Nigerian Communication Satellite (NigComSat) will provide the best and cheapest satellite services to subscribers within Africa, the NigComSat Managing Director, Alhaji Tumasaniyu Ahmed-Rufai, has said.

Unilever Plc/NV is selling the Alberto VO5 shampoo and haircare brand in the United States and Puerto Rico and also its Rave hairspray brand globally to private equity firm Brynwood Partners as a condition of its acquisition of Alberto Culver.

Nigeria is to lose about $1.75 billion (about N280 billion) due to Shell Petroleum Development Nigeria’s declaration of ‘Force Majeure‘ on its Bonny Light exports between August 23 and end of October this year.

Par Pharmaceutical Cos Incorporated said it will buy privately held Anchen Pharmaceuticals for $410 million in cash to expand its generic drugs portfolio.

The Net asset value of the 45 open-ended funds, closed ended funds and Real Estate Investment Schemes, REITS listed in the secondary segment of the Nigerian capital market as been put as N77.676 billion, according to a document released by the Securities and Exchange Commission, SEC.

Customers of UBA in Awka have called on the CBN to prevail on the bank to rescind its decision to peg its minimum savings account balance at N25,000.

The Nigerian Meteorological Agency, NIMET, yesterday said the installation of the Low Level Wind Shear Alert System, LLWAS, at the Lagos airport would greatly enhance air safety.

Royal Dutch Shell said, yesterday, it has been forced to shut in its Nigerian Bonny Light crude exports to repair pipeline damage caused by a recent spate of hacksaw attacks.