THERE were indications that underwriting firms in the nation’s insurance industry may record increase in premium income this year as full implementation of the “no premium, no cover” regulation will resolve the issue of unpaid premium in the...

THE management of Egbin Power Plc has concluded plans to increase power generation from the plant from its present 1080mw to 1320mw before the end of the year.

Already, the company has contracted Marubeni Nigeria Limited to kick off the repair...

NIGERIA'S crude oil production declined from the 1.923 million barrels per day (bpd) it recorded in April to 1.902 million bpd in May.

The Organisation of Petroleum Exporting Countries (0PEC) disclosed this in its monthly report released on...

THE Nigeria Deposit Insurance Corporation (NDIC) has set up a  N16 billion special fund to augment the deficit in the premium paid by operating Microfinance Banks (MFBs) across the country

The move was initiated to protect the financial...

THE Bankers Committee has endorsed regulations for Over-the-Counter (OTC) transactions.

Managing Director, Access Bank, Aigboje Aig-Imokhuede, disclosed this while briefing newsmen on the outcome of the committee’s meeting in Abuja on...

...Presidential committee threatens to publish defaulters

MANY of the prominent Nigerians who made pledges in the presence of President Goodluck Jonathan and the special appeal fund launch for victims of 2012 flood disaster are yet to redeem...

Wants agency to abide by rule of law

BI-COURTNEY Aviation Services Limited on Monday said that it did not need the permission of the Federal Airports Authority of Nigeria (FAAN) to place advertisements on its structures at the Murtala Muhammed...

EXPERTS in the financial sector have stressed the need to develop effective financial system that is capable of boosting economic agents for growth and development in the country. This was the consensus of the operators at an industry forum in...

PRESIDENT Goodluck Ebele Jonathan has directed all agencies affected by the audit reports of Nigerian Extractive Industries Transparency Initiate (NEITI) to recover the outstanding $9.6 billion uncovered by the audit exercise in the oil and gas...

• SMEs to benefit from 700m-euro Dutch fund

THE Federal Government and The Netherlands have concluded plans to set up an agro-industrial park in Nigeria under a pact recently sealed in the European country.

The decision to explore the...

MANUFACTURERS, under the aegis of the Manufacturers Association of Nigeria (MAN) Gas Users Group, have called on the Federal Government to address the issue of gas pricing and payment system to promote the fortunes of industries dependent on the...

• Transactions on the Exchange up by 49 per cent

DANGOTE Cement Plc, the highest capitalised equity on the Nigerian Stock Exchange (NSE), Monday drove the activity chart on the bourse, accounting for 256.59 million shares valued at N45.96...

TO boost yield from oil palm and rubber plantations in the country, Okomu Oil Palm Company Plc has revealed plans to build the biggest oil mill in Africa.

The plan, which will see the company expanding its oil mill from a production capacity of...

Telecoms firm ready to disconnect unregistered SIMs

SEVEN weeks into its launch in Nigeria, the traffic generated by the Mobile Number Portability (MNP) scheme has not been significant, MTN Nigeria has said.

According to MTN, contrary to the...