…Block Makers Commends Dangote Cement For Initiative Dangote Cement Plc has clarified that the reason for the introduction of the higher cement grade the 52.5N, was to offer consumers variety of choices in their quest for quality products. This is just as block makers commended the initiatives of the cement company in producing a higher […]
Kayode Adelowokan Following the threat by the Nigerian Electricity Regulatory Council (NERC) to sanction distribution companies for shoddy services to consumers, the Benin Electricity Distribution Company (BEDC) has said it would invest over N45 billion to fix power distribution challenges in order the improve the network and increase meter availability. Managing Director of the company, […]
Kayode Adelowokan, Lagos Guaranty Trust Bank plc has announced its audited financial results for the year ended December 31, 2013 to the Nigerian and London Stock Exchanges. A review of the results shows a strong and positive performance across all financial indices and also affirms the Bank’s position as one of the most profitable financial […]
Kayode Adelowokan, Lagos In furtherance to its enduring commitment to the development of Nigerian oil and gas industry, Atlantic Energy is yet again supporting this year’s edition of the Nigeria Oil & Gas (NOG) conference as a platinum sponsor for the 3rd consecutive year. The NOG is the largest oil & gas conference in sub-Saharan […]
Kayode Adelowokan Sovereign Trust Insurance Plc has paid a sum of N1, 716,526,202.91, (one billion, seven hundred and sixteen million, five hundred and twenty six thousand, two hundred and two naira, ninety-one kobo) as claims between January and December 2013. The Underwriting Firm recently released its 2013 claims record detailing the total claims paid between […]
By Kayode Adelowokan, Lagos Independent Shareholders Association of Nigeria (ISAN) has said that insurance Brokers in the country have done more harm to the credibility of the industry in the time past but lauded the policy of ‘No premium, No cover’ of the National Insurance Commission (NAICOM). ISAN General Secretary, Mr. Adebayo Adeleke, said this […]
The Central Bank of Nigeria (CBN) on Tuesday rolled out guidelines in respect of the end-to-end electronic payment of salaries, pensions, suppliers and taxes initiative in alignment with the care objectives of National Payment System Vision 2020. The objective of the payment system is to ensure availability of safe and effective mechanisms for conveniently making […]
Kayode Adelowokan, Lagos Guaranty Trust Bank plc has announced the start of its 2014 annual GTCrea8 Promo campaign for Nigerian undergraduates, an initiative aimed at rewarding the Bank’s customers studying in tertiary institutions across the nation. Explaining details of the campaign, the Bank’s Managing Director/CEO, Mr. Segun Agbaje, said the nine month initiative will provide […]
…Launches Higher Grade Of Cement, The First In Africa As the debate rages over the quality of cement produced in the country, leading manufacturers of the commodity, Dangote Cement Plc yesterday raised the bar further when it launched a much higher grade of the product, 52.5N into the Nigerian market. Group Managing Director of the […]
An ultra modern petroleum products tank farm, with capacity to store 45,280,000Litres of petroleum products, funded by First City Monument Bank (FCMB) Limited has been commissioned. The project, sponsored by Emadeb Energy Services Limited, was funded by the Bank as part of its contributions to the development of Nigeria’s oil and gas sector. It is […]
Kayode Adelowokan, Lagos The Nigerian Stock Exchange (NSE) has commenced the reduction of the cost of its Trade Alert Service by about N1.24 billion from March 2014. This will scrap the current charge of 0.6% of every trade on the exchange and introduce an enhanced notification system called X-Alert, which will be charged at a […]
Kayode Adelowokan, Lagos Ecobank Nigeria has projected Power sector funding of at least $5 billion per annum over the next five years starting from 2014. This is according to the bank’s policy to support the growth and development of the Power sector in Nigeria, being its own contribution to the sector’s transformation initiated by the […]
Kayode Adelowokan, Lagos Guaranty Trust Bank plc has begun preparations for its 4th annual Autism seminar with the themed: “On the road to future inclusion”, will take place from March 22nd to April 2nd, 2014. The bank said this in a press statement made available to African Examiner Newsonline on Wednesday, February 26, 2014, that the 4th […]
….As President Jonathan Commends Dangote The Dangote Cement has slashed cement price in an ongoing promo at the Kaduna 35th International Trade Fair. Customers will have the opportunity of buying the discounted product at the company’s pavilion, Cement Regional Sales Manager Obasola Alo said. The new promo liberalises the extant policy where customers who intend […]
By Muyiwa Bamidele, Abuja President Goodluck Jonathan has sent the name of Godwin Emeifele to the Senate to be confirmed as the substantive Governor of the Central Bank of Nigeria (CBN) In a letter read on the floor of the senate, President Jonathan told the senate that the tenure of the suspended CBN governor will […]
Kayode Adelowokan, Lagos FBN Holdings Plc has announced that its subsidiary, FBN Life Assurance Limited has acquired 4,630,595,326 ordinary shares of 50kobo each representing 71.2% of the total issued ordinary share capital of Oasis Insurance Plc. Oasis Insurance Plc is a general insurance company in Nigeria, licensed to carry on non-life insurance business in Nigeria, […]
As measures to deepen insurance penetration and provide adequate protection to workers in Nigeria, the National Insurance Commission (NAICOM) and the Nigeria Labour Congress (NLC) are set to collaborate on the implementation of Compulsory Group Life Insurance in Nigeria. This was disclosed recently by both parties when the Commissioner for Insurance, NAICOM, Mr. Fola Daniel, […]
First City Monument Bank Limited has partnered with the Trade Union Congress (TUC) and Rock of Ages Properties Limited to build 100,000 housing units for workers across the country. The Bank was selected based on its track record in projects financing in all sectors of the economy. Under the arrangement, which is to be executed […]
Ayo Balogun, Lagos Multi-billionaire and Africa’s richest man, Aliko Dangote is investing $9 Billion (N1.5 trillion) to establish the Dangote Refineries and Petrochemical Company at the Lekki Free Trade Zone, (LFTZ) Lagos Nigeria. Governor Babatunde Fashola led the billionaire to the LFTZ on Sunday for ceremony for the take-off of the multi-billion naira investment at […]
…Also in World Top 500 Banking Brands First Bank of Nigeria Limited, for the third consecutive year, has been ranked as Nigeria’s number one banking brand in the 2014 The Top 500 Banking Brands Ranking of the world just released by The Banker Magazine, Financial Times Group and Brand Finance in the United Kingdom. According […]
