Cornerstone Insurance, FIN Insurance meet NIIRA 2025 recapitalisation requirement
Cornerstone Insurance and its subsidiary, FIN Insurance Company Limited, have been recognised by NAICOM to have fulfilled the recapitalisation requirement
Ecobank records 71% drop in PAT
Ecobank Nigeria Plc announced a not too impressive financial performance for its 2008 financial year, released last week. It recorded a significant decline in its bottom line, as its Profit After tax (PAT) dipped by 71.43 per cent.
GBF gets N5m grant from Citi Foundation for SME’s development
Citi Foundation has awarded Growing Businesses Foundation (GBF) a grant of $35,000 (N5.11 million) for the implementation of the 2009 Citi Micro Entrepreneurship Awards (CMA) scheduled to hold at the end of the year.
FG, UNIDO budget N10 billion for SON’s Metrology laboratory
The Federal Government and the United Nations Industrial Development Organisation (UNIDO), have earmarked the sum of N10 billion to construct and equip a world class metrology facility for Standards Organisation of Nigeria (SON).
Naira gains another 150 kobo in parallel market
The Naira appreciated further against the dollar in the parallel market gaining 150 kobo last week. The currency also gained five kobo at the official market following sharp fall in amount of foreign exchange sold by the Central Bank of Nigeria (CBN)
FirstBank secures approval to operate in China
First Bank of Nigeria Plc has secured the approval of the China Banking Regulatory Commission (CBRC) to open a Representative Office in Beijing, China.
