Stakeholders in the Alternative Dispute Resolution (ADR) industry have opposed the establishment of a commission to regulate ADR practices in the country.

Learn Africa Plc and DN Tyre Plc reported losses in their quarterly results due to growing cost of sales and administrative/distribution cost. This also led RT Briscoe Plc’s profit to fall by 87.7 per cent.

Airtel Nigeria a leading telecommunication company in Nigeria is shopping for Chief Marketing Officer.

Some shareholder groups said that they boycotted a meeting called by the Securities and Exchange Commission, SEC, to resolve issues on the e-dividend payment because they were not involved in the proposals. The groups told the News Agency of Nigeria (NAN) in Lagos that they were also aggrieved because the Commission failed to protect their interest during the downturn in the capital market.

SECRETARY of Berthing Meeting, Mr Vincent Ohizu, has Monday said that all shipping companies are complying with the Presidential directive banning midstream discharge of cargoes on the nation’s waters..

The Federal Inland Revenue Service (FIRS) said it hopes to increase its tax collection to N5.6 trillion this year, even as it commenced moves to introduce redesigned tax forms.

The disagreement over lifting of oil and gas cargoes between the management of Nigerian Ports Authority (NPA) and the Concessionaires in Eastern ports has caught the attention of the National Assembly as it has directed the NPA to maintain the ‘status quo’ in its dealings with the operators.

Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) is set to deploy three brand new platforms to curb the activities of armed robbery at sea.

In Nigeria, insurance has never been a popular buy. A common answer being given by the average Nigerians on why he will not buy insurance has always been “Insurance don’t pay claims.”

The uncertainty in life is what makes insurance so important. Although we can never predict what will happen to us, with the right insurance policies we can recover from our financial losses. This is because the insurance company will share the risk with us, to provide us enough security.

The federal government has activated and commenced access to a $500 million African Development Bank (AfDB) loan with the setting up of a monitoring and evaluation (M&E) committee in Abuja. The loan aimed solely as intervention for the power sector is to be released in tranches of $100 million. The setting up of the committee is one of the pre-conditions for drawing on the loan.

THe Association of Advertising Agencies of Nigeria (AAAN), has said that the advertising industry contributes over $2 billion (over N300 billion) to Nigeria’s economy as it rolls out red carpets in celebration of the Association’s 40 years anniversary.

Last year, only 74 companies out of the lot operating in Nigeria got the National Pension Commission, PenCom, certificate of compliance to the Contributory Pension Scheme, CPS.

Stanbic IBTC Pension Managers has opened a new office in Warri. Mr Eric Fajemisin, Executive Director, Administrator, Stanbic IBTC Pension Managers, said the opening of its Warri office informs its focus on taking pension services closer to Nigerians, availing them the opportunity of interacting directly with its staff on any issue relating to their pensions, planning for retirement, investment outlook, or any clarification that they may require.

Last week, we considered the actions required of the current Board of Directors of Union Bank of Nigeria Plc – UBN, following on the judgement of the Investments and Securities Tribunal, IST, in respect of an originating application, case no IST/LA/OA/20/2010, brought by the Securities and Exchange Commission against UBN and 19 others.