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.Read More
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 companyâ€™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.Read More
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.Read More
By OMOH GABRIEL Business Editor THE orgainsed private sectorÂ 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 countryâ€™s economy especially with the dwindling fortune of the oil priceRead More
DIRERCTOR general of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Ade Dosunmu, has restated the agencyâ€™s commitment for inter-agency collaboration to ensure effective implementation of government policies in the Nigerian maritime sector.Read More
By IFEYINWA OBI IN their effort to salvage the Nigerian economy, the Federal Operations Unit (FOU) Zone A of the Nigerian Custom Service had made seizures of 15,000 pieces of Nigerian, American and phonographic films.
Dr. Kalu Idika Kalu, Chairman, BGL Group and Former Honourable Minister of Finance, in this piece stated the causes and effects of the current global economic meltdown that started in the US in the middle of 2007 and through 2008 and has continued unabated and spread to Europe and other parts of the world which Nigeria is not in exception.Read More
United Nations World Tourism Organization affiliated offices (Osaka and Korea) were recently audited with regards to the various programs that are using the UNTWO logo.Read More
The bearish trend recorded in the Nigerian capital market, in the last couple of days, continue to attain a worsening dimension, as the value of listed equities, driven by losses on the share prices of majority of quoted companies, dipped Wednesday, by N224.23 billion.Read More
Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.Read More
The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be â€œweak and fragileâ€ for some time.Read More
â€œWe know South Africa will deliver on his expectationsâ€¦ and moreâ€™ Roshene Singh, CMO at South African Tourism
ROBERT Crozier, a New Zealand national arrives in South Africa in early September to take up his prize as winner of the South African Tourism, BBC World â€˜Journeysâ€™ global marketing campaign.
Doha_based national carrier, Qatar Airways, has signed a firm contract for 24 Airbus A320 Family aircraft. The agreement includes the firming up of a contract for four A321 aircraft announced at the Farnborough Air show in July 2008.Read More
For the only surviving three local carpets and rugs manufacturers not to go the way of Michelin and Dunlop, thereâ€™s need to protect the industry from collapse, reports Franklin AlliRead More