Oando Plc, a major integrated energy solutions provider has explained that its ongoing Rights Issue will enhance its diversified operations that will eventually results to bumper returns for its stakeholders.

Investors have continued to lament the long delay associated with the verification of share certificates by registrars among others.
The investors who daily besieged registrars of quoted companies in their thousands are faced with various difficulties, ranging from verification of their share certificates, dividend warrant enquiries, re-validation of their warrant and probate letter of administration.

Central Bank of Nigeria (CBN) has said that mobile payment system will take off in the country by middle of the year.Acting Director, Banking Operations, Mr. Abayomi Atoloye, said this at a workshop on mobile payment regulatory framework dissemination organised by Enhancing Financial Innovation and Access (EFInA) in Lagos yesterday.

The Nigerian insurance industry has continued to wax stronger as the sector recorded 49.33 percent growth with a total premium income of N150,259,567 excluding reinsurance premium. In year 2007, the total industry gross premium income was over N100billion.

The Minister of Finance, Mr Remi Bablola has said that the N100 million capital base for insurance brokers is mere speculation.
Babalola dispelled the rumours about the proposed increase in the capital base of insurance brokers to N100 million while receiving the delegation of the Nigerian Council of Registered Insurance Brokers led by its President, Dr Teslim Sanusi in Abuja recently.