The Industrial and General Insurance Plc, IGI, has explained that the inability of the company to convene its Annual General Meeting, AGM, in the last two years was as a result of its failure to harmonise the individual accounts of its numerous subsidiaries across the continent during the period.

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has called on commercial banks in the country to relax their stringent conditions for collaterals from private sector applicants for their facilities to enhance the growth of businesses.

The investment of US$15 million (N2.3 billion) by the concessionaire of Lilypond Container Terminal (LCT), the A. P. Moller-Maersk (APMM) Group, has greatly improved the fortunes of the once moribund terminal.

First Securities Discount House, FSDH, Limited has declared a dividend of N0.25 per share for its 2011 financial year, even as it said it has applied to the Central Bank of Nigeria, CBN, for a merchant banking license.

Symbion Power, a United States’ power engineering company and the Corporate Council on Africa, CCA, sad they are set to invest heavily in the Nigeria economy and to help boost the country’s trade and investment climate, as well as other countries in the African continent.