NIA says no Premium no cover may reduce profitability in 2014

The Nigeria Insurers’ Association has said that the no premium no cover policy that is bound to commence in full swing next year may...

NSE shareholders seek implementation of VAT, stamp duty cancellation

Shareholders under the aegis of Association of Avid Shareholders, AAS, have called on the Federal Government to hasten the implementation of removal of Value...

Dangote plans $16b four-year investment

AlikoDANGOTE Group has unfolded plans to invest about $16 billion (N2.6 trillion) in cement, petrochemicals and agriculture over the next four years under its...

Ex-Bank Director Arrested by Police for Laundering N7 Billion

The police Special Fraud Unit (SFU) Monday arrested a former bank director, Adekunle Johnson, for laundering about N7 billion. Other charges against the suspect and...

We Didn’t Print N5,000 Notes, Coins – CBN Gov.

The Central Bank of Nigeria, CBN weekend, refuted the rumour that it had printed the controversial new N5,000 notes and coins that the law...

Why some Nigerian businesses fail – FIRS

The Federal Inland Revenue Services (FIRS) on Thursday December 5th 2013, attributed the failure of some businesses in the country to multiple taxation. The Head of Micro...

N25.7 Billion Fraud – Ex-Bank PHB Boss, Atuche, Wants Court to Dismiss Charges

A former Managing Director of Bank PHB, Francis Atuche, on Tuesday asked an Ikeja High Court to dismiss the N25.7 billion theft charge preferred...

Power Minister Woos South African Investors

The Minister of Power, Prof. Chinedu Nebo on Tuesday in Abuja called on South African investors to invest in Nigeria’s fledging power sector Nebo, who...

Enterprise Bank Sacks 150 Staff

Lagos - Enterprise Bank Ltd., one of the nationalised banks, has retrenched about 150 workers. The affected workers were part of the 250 staff nationwide...

Business: Nigeria secures N16 billion loan from Indian Bank

The Nigerian Federal Executive Council (FEC) has approved the signing of a loan agreement between Nigeria and the Indian Import Export worth $100 million. While...

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