Business

NDIC pays N1.48bn to 10,312 depositors of 47 closed MFBs

The Nigeria Deposit Insurance Corporation, NDIC, has paid N1.48 billion to 10,312 insured depositors of 47 recently closed microfinance banks, MFBs, as part of efforts to strengthen confidence in the banking system.
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ANLCA election crisis : Idornigie calls for reconciliatory meeting

FOLLOWING that engulfed the chapter elections of the Association of Nigerian Licensed Customs Agents (ANLCA) the immediate past Chairman of the Board of Trustee of the group, Chief James Idornigie has called for an extra ordinary meeting to resolve all the issues at stake.

Crisis in port : Amiwero arrested, charged and remanded at kirikiri

THE leadership tussle in the freight forwarding industry in Nigeria has taken a turn for theworse as a front line freight forwarder and President of the National Council of Managing Directors Licensed Customs Agents (NCMDLCA) Mr Lucky Amiwero was on Sunday arrested for resisting arrest and was subsequently charged to court the following day.

Protests push Cadbury to drop palm oil from milk chocolate

Due to widespread consumer protests, Cadbury New Zealand will eliminate palm oil from its dairy milk chocolate products.The candy-maker started using palm oil earlier this year as a cost savings measure, but the move resulted in a call for a boycott by environmentalists who said that palm oil production damages rainforests, reports the newspaper.

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