Indigenous architects in the country, operating under the aegis of the Association of Consulting Architects Nigeria (ACAN) have decried the illegal incursion of foreign architects into the country.

Insurance companies and local brokers are slugging it out at the Nigerian National Petroleum Corporation (NNPC) office in Abuja over the multinationals’ 2011/2012 insurance accounts as local insurance brokers have been recalled into the corporation’s accounts.

You are so primitive; only primitive people do this type of thing — Engr Tukur

Value Capital Limited has concluded arrangement to list its shares on the Nigerian Stock Exchange(NSE) after a successful private placement, just as it declared N43.6 million dividend for the financial year ended December 31, 2009. This translated to 1.1 kobo per share. The Chairman, Value Capital, Elder Sam Enyinnaya disclosed this at the company’s second Annual General Meeting (AGM) held last week in Lagos.

Flour Mills Nigeria Plc has disclosed the successful completion of its N35 billion bond issue, as it recorded an over-subscription of 7.14 per cent.

Because of Nigeria’s strategic location and the abundance of its natural resources, infrastructure development in the country has Pan_African relevance. The human capital of 150 million that makes Nigeria the most populous African nation is a workforce of uncharted economical potential.

Indication emerged weekend that allegation of contract splitting, over-invoicing, non-compliance with extant financial rules of Public Procurement and exceeding approval limits leveled against NIMASA management are mere speculations and unfounded aimed at causing confusion and disenchantment, a top official of the Federal Ministry of Transport has revealed.

The Pension Commission, PENCOM is reconsidering bank guaranty for pension assets in light of the new banking model.
Director-General, PENCOM, Mr. M.K Ahmad gave this hint in Lagos last week at the 2nd Conference of Directors of Licensed Pension Operators.

Bank inspectors and internal auditors have a critical role to play in the successful operation of the Asset Management Company of Nigeria, says Mahmoud Alabi, Group Managing Director /Chief Executive, Intercontinental Bank Plc.

The Federal Government has stated that the 2010 budget implementation had been extended till March 2011. The Minister of Information and Communications, Prof. Dora Akunyili, made the clarification while briefing State House correspondents following the Federal Executive Council (FEC) meeting.