The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday urged the Federal Government to streamline ministries and parastatal agencies to reduce duplication of functions.

Ashaka Cement Plc has announced a profit before tax of N4.39 billion in the financial year ended December 2010. This represents an increase of N85.23 per cent over the N2.37bn recorded in 2009.

The CBN Governor, Sanusi Lamido Sanusi has this image of a courageous and brave man who treads where angels fear to tread. But since the issue of non-interest banking came up, he has not mustered enough courage to say the truth.

Two reports in the Nigeria media ( not Vanguard included) on MTN Communications 10th anniversary logo created by DDB Lagos is presently causing crisis in the advertising industry and smirks concern.

Chairman of Cornerstone Insurance Plc, Mr. Adedotun Sulaiman said that his company does not undertake under the table business.Addressing shareholders at the company’s annual general meeting in Lagos last week

Only about three per cent to four per cent of Nigerians invested in the Capital Market, Ms Arunma Oteh, Director General, Securities and Exchange Commission (SEC) said.

The Central Bank of Nigeria (CBN) will this week increase official foreign exchange sale per bureaux de change by 100 per cent to $100,000. Vanguard investigation reveals that this was one of the outcomes of a meeting between the CBN and Association of Bureaux De change Operators of Nigeria (ABCON) last week.

Mr. Keith Richards, Managing Director and Chief Executive of Promasidor Nigeria Limited has listed five key areas for a successful Corporate Social Responsibility (CSR) programme.

Anxiety has enveloped insurance companies that bided for the federal government’s compulsory Group Life cover for civil servants for year 2011, as they anxiously await the Head of Service to make its choices public by month end.

A rebound was recorded in the fortunes of the Nigerian capital market, last week, as the value of listed equities dipped by N29.92 billion.

Some existing shareholders in Intercontinental Bank may have buckled under the weight of pressure from the CBN to accept the acquisition of the bank by Access Bank Plc.

Guaranty Trust Bank, GTBank, Plc has concluded arrangements to sell its insurance subsidiary, Guaranty Trust Assurance Plc to a Mauritius firm, Assur Africa Holding, AAH, comprising three private equity funds and three international developmental finance institutions based in United Kingdom, France, Tunisia and Germany.

Mr. Ben Omakor is the Managing Director/Chief Executive Officer of Gestalt IT Limited, an IT training and development institute, and Dickson Jones Properties Limited, based in Lagos.

Firms exposed to various risks of their liability, property illness and disability of their employ ees and life of key employees, have possibility of managing those risks and transfer to insurance companies.

In order to ameliorate the pang of poor electricity supply, Primlaks Group of Companies has restated its commitment to the provision of affordable products to Nigerians, as d.light solar lantern is introduced.