Dangote Sugar Refinery Plc (DSR) is set to pay out N3.6billion as divided to its shareholders for the business year ended December 31, 2011 just as the management assured of continuous improvement in its performance in view of the new investments undertaken by the organization.

The Enforcement Unit of Standards Organisation of Nigeria (SON) has evacuated 22,108 coils of bad electric cables worth N450 million from warehouses at Alaba International Market in Lagos State.

Fidelity Bank Plc has announced a profit before tax of N7.67 billion for the 2011 financial year. This, according to a statement by the bank, announcing its year end, December 31, 2011, financial result, represents a decline of 11.3 per cent from N8.65 billion recorded in the 2010 financial year.

An Australian company, Gazal, has launched Bisley protective wears into the Nigerian market. Speaking during the unveiling of the products, the company’s Executive Director, Mr. David Gazal, said: “We always put the safety of our workers into consideration and that is why we have created these treated work wears that would keep individuals safe in their places of work and even in their homes.”

The Institute of Directors, IoD, has lamented the high cost of do-ing business in Nigeria, saying it has brought to the fore the need to reposition Nigeria to make it competitive in the global economic landscape.