The Nigerian Bottling Company (NBC) has announced a 13 per cent growth in its turnover to N90.2 billion in its 2009 financial statements from N80.1 billion recorded in 2008.

MediaReach OMD, a media Independent agency, which specialises in media planning; buying & control services in West and Central Africa in a survey report said the telecommunication sector of the economies of Nigeria and Ghana have been identified as the highest spender on Above_The_Line (ATL)advertising with a total of N15.096 and 43.5 billion cedis respectively in 2009.

Nigerian treasury yields are expected to fall at next week’s government auction after the Federation Account Allocation Committee disbursed N403 billion of revenue to its 36 states boosting liquidity and demand, dealers said Weekend. Nigeria will sell N80 billion in 3 year, 5 year and 20 year sovereign bonds on June 23, its sixth debt auction this year, according to the Debt Management Office (DMO).

The African Development Bank (ADB) is to spend over N500 million to boost the capacity of agricultural extension service officers and community-based intervention projects in Bauchi State.

Shareholders of Sterling Bank Plc, weekend, approved the decision of their board of directors to raise a fresh capital of up to N100 billion for the bank.

In a continuously bid to keep in touch with its primary target,babies and mothers, Cussons Baby, range from the stable of PZ Cussons Plc has introduced Nigeria’s first baby liquid soap.

National Insurance Commission (NAICOM) has discovered accounting fraud in insurance annual reports. The commission has found out that most insurance companies failed to disclose their gross premium earned, reinsurance premium incurred, gross claims incurred and gross claims outstanding.

ABCON President, Dr. Emmanuel Balogun has expressed concern over the activities of illegal foreign currency traders, saying they not only undermine and bring the business of Bureau De Change to disrepute, but also undermine the growth of the economy.

The management of Oceanic Bank International Plc has announced plans to reposition the bank to ensure improved value creation and significant returns on investment for its customers and shareholders in the years ahead.

President, Chartered Institute of Taxation of Nigeria (CITN), Prince Kunle Quadri, has called for autonomy of tax agencies in the country.