Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
World Bank President says African poor still vulnerable to crisis
The effects of the global food, fuel and economic crisis would be felt by Africa’s people for some time yet and it was important to persist with efforts to protect the most vulnerable while laying the foundations for future productivity and growth, World Bank Group President Robert B. Zoellick said Tuesday
Naira loses 17kobo as forex demand drops
The declining fortunes of the naira continued yesterday as it depreciated by 17 kobo against the dollar in spite 50 per cent drop in foreign exchange demand.
Stocks climb as manufacturing, spending increase
Stock indexes rose Monday as a flurry of reports bolstered hopes that the economy is recovering.The stronger reports on manufacturing activity and personal incomes helped shore up the market’s sentiment after three straight losing weeks that left stocks with a loss for January.
Cornerstone Insurance gets new CEO
The Board of Directors of Cornerstone Insurance Plc has announced the appointment of a new Managing Director/Chief Executive Officer, Mr. Livingstone Magorimbo to oversee its insurance operations.
Amended Insurance Act 2003 ready ahead of 2011deadline, Senator Nwaogu
All laws inhibiting laws militating against the development of insurance industry in the country are to be reviewed and amended before the end of this year ahead of December 31, 2011 deadline.
