Shongai Packaging Industries Limited, a member of Sona Group of Companies, says its range of plastic pallets being exported to neighbouring West African countries is environmentally friendly.

eTranzact International Plc, an electronic and mobile payment technology company, has announced plans to maximise the gains of on-going electronic payments reforms instituted by the Central Bank of Nigeria, CBN , in a bid to increase the usage of electronic products and solutions across the country. Mr. Felix Ohiwerei, the company’s Chairman, who stated this at the company’s 9th Annual General Meeting (AGM) in Lagos, said they will continue to invest in both their technology and human resources to achieve the set objective.

Maritime Arbitration Association of Nigeria (MAAN) has called for an Alternative Dispute Resolution (ADR) in the Nigeria maritime industry with a view to resolving disputes more efficiently and effectively in order to grow the economy.

The Consumer Protection Council is to partner with the Standard Organisation of Nigeria (SON), the Nigerian Customs Service (NCS) and the National Agency for Food, Drugs Administration and Control (NAFDAC) to stem the production and distribution of substandard goods in the country.

Nigeria Gas Company (NGC) has called for more private investments in compressed Natural Gas (CNG) industry. This followed the successful conversion of engines of heavy-duty trucks from petrol to CNG and diesel as alternative automotive fuel by Sagas Energy Company Limited, a subsidiary of Dangote group.

Nigerian unit of America’s oil major, Chevron Corporation, said it will prefer that indigenous operators acquired the two oil blocks it is divesting from located offshore Bayelsa in Nigeria’s oil-rich Niger Delta.

In it bid at empowering Nigerian talents leading telecommunications services provider, Airtel Nigeria has announced the appointment of Segun Macaulay as Regional Operations Director for West Region.

Coca-Cola has kicked off its latest global campaign, Crazy for Good, in Nigeria.

Following the launch of “project cashless lagos” which was launched last year by Central Bank of Nigeria (CBN) in Lagos state as pilot scheme to help discourage the use of cash in day-to-day transactions, the CBN, having recorded success in the pilot has concluded arrangement to introduce its cashless policy in Abuja and 5 other states around the country.

The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has chided banks in the country, blaming them for frustrating the successful disbursement of the N450 billion intervention fund of the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending, NIRSAL, programme. The programme is being promoted by the Central Bank of Nigeria, CBN.

Dividends are declared from the profits made by a company on the recommendations of the company’s directors. The recommended dividends are approved for each financial year at the company’s Annual General Meeting, AGM, following the end of the financial year. However, the company’s directors may declare an interim dividend, which is paid to the shareholders during the financial year.

The era of praising singing shareholding may be coming to an end, as an emergent shareholder group, Association of Avid Shareholders, has vowed to hold managers of quoted companies and regulators of capital market to highest level of accountability and integrity.

Chams Plc recorded 107 per cent growth in profitability to N87.5 million for the operating year ended 2012 from a net loss of N1.24 billion the previous year.

A new report on Nigeria Banks released by Citi Bank has advised portfolio investors who want to buy shares in Nigeria banks to buy Access Bank Plc, United Bank for Africa (UBA) Plc, Zenith Bank PLC and First Bank.

Nigeria ranks 115 out of 144 countries on the global competitiveness index polled to underscore the relevance of quality science andtTechnology infrastructure in economic development.