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Marine Coy Dragged To Court Over Unpaid Loan

A limited liability company, Marine Deepwater Limited, has run into troubled waters as Guaranty Trust Bank through its solicitor Mr.…

Nigeria’s Bank PHB Posts Big Loss, First Bank Profit Jumps

LAGOS: Nigeria’s Bank PHB has reported a full year 2009 pre-tax loss of 488 billion naira ($3.25 billion) compared to…

Lagos Cooperative Societies Hit N500b Capital Base

The capital base of cooperative societies in Lagos State has hit N500 billion, said the Commissioner for Agriculture and Cooperatives,…

China To Build $8b Refinery In Nigeria

It will be the first of three refineries under a deal signed in May between Nigeria’s state oil company, NNPC,…

NIMASA DG Assures Of Quality Service

The Director-General and Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has assured stakeholders…

Glo Wins Licence In Gambia, 6th In Africa

Africa’s telecommunication giant, Globacom, has received yet another boost in pursuit of its vision to be the biggest and best…

Aero Begins Web Mobile Ticketing

Aero Contractors airline this morning at the Murtala Muhammed Airport, Lagos, Nigeria, introduced the first web and sms ticketing service…

ICAN Conference To Buoy Up Nigeria’s Economy

The 2010 Eastern Districts Conference of the Institute of Chartered Accountants of Nigeria, ICAN, will be focusing on the banking…

Blame PENCOM For Workers’ Woes—IBTC

Stanbic IBTC Pension Managers, a Pension Fund Administrator (PFA), has blamed the National Pensions Commission (PENCOM) for the non-remittance of…

Glo 1 Set To Launch

The much anticipated Glo 1 submarine optic fibre cable single-handedly built by Africa’s telecoms giant, Globacom, is now ready for…

Court Order May Ground Hitv

Come 15 July this year, the operations and activities of Hitv may be grounded as Musical Copy Right Society of…

Bank Dragged To Court Over Excessive Charges

A Lagos businessman, Mr. Peter Awurumibe and his company, Pabe Oil and Gas Limited, have slammed a N481,455,817.70 suit on…

Dangote Sugar Nets N13.186b Profit, Offers N1.00 Dividend

The board of Dangote Sugar Refinery Plc, last week, presented its audited result for the year ended December 31, 2009,…

Dangote Sugar Nets N13.186b Profit, Offers N1.00 Dividend

The board of Dangote Sugar Refinery Plc, last week, presented its audited result for the year ended December 31, 2009,…

We’ve Reduced Bad Loans By N21b —Wema Bank

Wema Bank says it has reduced its bad loans by N21 billion. Tunde Olofintila, the bank’s Head, Corporate Communications, made…