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Premium Pensions posts N1.02bn profit

Shareholders of Premium Pensions Limited have approved the payment of a dividend of 60 kobo per share for the 2012 financial period. The amount is an increase of 100 per cent over the 30 kobo per share...

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Portas High Streets still struggling one year on

PORTUGAL: Ten of the 12 government-funded “Portas Pilot” towns have seen a fall in the number of occupied shop units, the British Broadcasting Corporation reported on Wednesday. They were awarded a...

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NAEC, NIMASA to tackle oil discharge, marine pollution

The Nigerian Atomic Energy Commission and Nigerian Maritime Administration and Safety Agency have concluded plans to jointly tackle marine pollutants. A statement on Tuesday stated that the two...

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APC raises liability, property limits

PARIS: Commercial underwriting agency, APC, has increased the limits on most of its public and products liability risks to £10m and property risks to £50m, www.insurancetimes.co.uk reported on...

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Japan shares rise as utilities rebound

Japan’s Topix index rose for a second day, trimming losses from the biggest weekly slide since the rally started in November, as power producers rebounded and insurers climbed on higher bond yields....

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Capsized vessel: One rescued alive, 11 still missing

The cook onboard the Chevron-chartered offshore vessel, Jascon 4 vessel, which capsized in the early hours on Sunday, has been found alive. The vessel, owned by West African Ventures Limited, one of...

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German unemployment rises in May

GERMANY: Unemployment in Germany rose during May, according to the latest set of official figures, the British Broadcasting Corporation reported on Wednesday. The country’s Labour Office said that, on...

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NPC collaborates with institute on project management

The National Planning Commission has entered into a partnership with the Chartered Project Management Institute of Nigeria to strengthen project management in both the public and private sectors of the...

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Stockbroker calls for more foreign investments

There is the need for government to encourage more foreign participation in the Nigerian capital market. This was the opinion canvassed by the Chief Executive Officer, Anchoria Investment and...

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NIPCO targets accident-free downstream sector

An indigenous integrated oil and gas company, NIPCO Plc, has set an accident -free target for its downstream operations. The Managing Director, NIPCO Plc, Mr. Venkataraman Venkatapathy, who said safety...

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Under-dispensing, adulteration, bane of petroleum retailing – Fatgbems boss

The Chairman, Fatgbems Nigeria Limited, Mr. Kabir Gbemisola, who spoke with Dayo Oketola at the recent Offshore Technology Conference in Houston, Texas, United States, urged the Federal Government to...

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Facebook bows to campaign groups over hate speech

LONDON: Facebook has said it will review how it deals with “controversial, harmful and hateful” content after admitting current measures are not effective, the British Broadcasting Corporation reported...

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AfDB grants Nigeria $500m loan for agriculture

The African Development Bank has granted Nigeria a $500m loan facility in support of its agricultural activities. The Task Team Leader, AfDB-supported Fadama II Programme, Mr. Danladi Eba, said this in...

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‘Heathrow would need to close under airport plans’

LONDON: If the government decides to expand Stansted or build a new estuary airport to form the United Kingdom’s major air hub, Heathrow Airport will need to close, a transport think tank has said. The...

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100 Nigerian, British companies explore business opportunities

ONE hundred Nigerian and British companies have taken advantage of the 11th investment summit jointly hosted by Shell Nigeria and the United Kingdom Trade & Investment to forge partnerships. A...

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Market fire outbreaks force traders to embrace insurance

The incessant fire outbreaks in markets across the country have driven more petty traders to take up fire insurance covers. The Managing Director, Niger Insurance Plc, Mr. Kola Adedeji, said there had...

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PZ, Wilmar to develop 50,000-hectare oil palm plantation

PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land. The investment that will cost over N100bn in the next few...

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No urgency to pass budget amendments —NASS

The House of Representatives has said the amendments proposed by President Goodluck Jonathan to the 2013 budget are not issues requiring urgent consideration. It clarified that the non-passage of the...

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FG introduces insurance cover for air travellers

The Federal Government on Thursday said it had developed a new Victim Family Insurance Package in a bid to address the delays in payment of insurance claims by airlines whenever an air crash occurred....

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Stakeholders lament as rice smuggling threatens local production

Continued smuggling of imported rice is giving stakeholders the jitters that the huge investments made in the local production of the staple and the different initiatives aimed at reducing the high...

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