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Abbey Building Society promises dividend payment in 2013

The Chairman, Board of Directors, Abbey Building Society Plc, Mr. Ifeanyichukwu Ochonogor, said the firm did not perform badly in the past fiscal year despite its inability to pay its shareholders...

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AUA boss lauds Nigerite on innovative building solutions

The President, Africa Union of Architects, Mr. Tokunbo Omisore, has commended Nigerite Limited for its innovative building component solutions, saying the company’s corporate and product philosophy is...

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Building collapse: Falana pledges support for guild

Legal luminary, Mr. Femi Falana, has pledged his support to the Building Collapse Prevention Guild in its quest to end the incidences of building collapse in the country. While commending the efforts...

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‘Lagos-Ibadan Expressway reconstruction will create jobs’

The Managing Director, Julius Berger Nigeria Plc, Mr. Wolfgang Goetsch, has said that despite the hassles that will be associated with the reconstruction of the Lagos-Ibadan Expressway, the project...

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Green Business Fair to discuss climate change

Naturescape Consulting Limited is set to educate people on new trends in environmental issues, including climate change, resource management, accessing funding for acquisition of renewable energy,...

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PMI could become mandatory for visitors to UK

New government plans could force immigrants coming to the United Kingdom to take out mandatory private medical insurance, www.insurancetimes.co.uk reported on Friday. The move is to lessen the burden...

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Watchdog investigates insurers over renewal overcharging

The City regulator has launched an investigation into insurance companies for overcharging customers when they renew their house and car policies, British Broadcasting Corporation reported on Saturday....

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LASPEC to train workers on pension scheme

The Lagos State Pension Commission will this week train workers who will retire from the state’s public service between July and December this year. This information was contained in a statement made...

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Pension funds may bid for iron ore miner

Canada’s two biggest pension funds are separately looking for partners to potentially bid on Rio Tinto’s stake in Iron Ore Company of Canada, the Wall Street Journal said on Friday, citing two people...

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FG to strengthen Group Life Assurance implementation

The Federal Government has stated its intention to strengthen the Group Life Assurance Scheme for its workers in order to achieve the desired objectives. A statement from the Director, Head of the...

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Insurance policyholders increased three-fold in two years

Between 2010 and 2012, the number of policyholders in the insurance industry rose   from 500,000 to 1.5 million. NIKE POPOOLA writes on the different initiatives to further increase insurance patronage...

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CIS deregisters stockbrokers over unprofessional activities

The Chartered Institute of Stockbrokers has deregistered two of its members for unprofessional and infamous activities. CIS, which is the professional body for stockbrokers in the country, said the...

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Foreign investors sell stocks as Egyptian markets rally

Egypt’s biggest stock-market rally in more than a year had foreign investors selling holdings on concern the military-backed political transition will delay the nation’s economic recovery. While local...

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NSE partners vendors to enhance data redistribution

The Nigerian Stock Exchange has signed an agreement with 12 market data vendors to enhance the distribution of data in the market. This, according to the Chief Executive Officer of the NSE, Mr. Oscar...

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RCS Mediagroup investment is for long run — Fiat

Italian carmaker, Fiat,  Chief Executive, Sergio Marchionne, said the company’s decision to raise its stake in loss-making publisher RCS Mediagroup was a investment for the long term. Reuters reports...

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Resort Savings seeks national status, to raise N3.5bn

Resort Savings and Loans Plc has announced plans to change its status from regional to a national mortgage bank after the completion of its ongoing initial public offering and rights issue. The company...

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Europe floods to cost insurers $4.5bn

Floods in central Europe last month may cost insurance companies $3.5-4.5bn, only half of one previous estimate but more than was paid out for the last major washout in 2002, the world’s second biggest...

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Britain to unveil Royal Mail privatisation plans

Britain will push ahead with its biggest privatisation in decades when it unveils plans for a £2.5bn ($3.7bn) stock listing of state postal operator Royal Mail this week, Sky News reported. Business...

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Global IT spending’ll reach $3.7tn this year —Gartner

Worldwide Information Technology spending is projected to total $3.7tn in 2013, a two per cent increase from 2012 spending of $3.6tn, according to the latest forecast by Gartner, Incorporated released...

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ICTs useful for job creation – Minister

The Minister of Finance and Coordinating Minister of the Nigerian Economy, Dr. Ngozi Okonjo-Iweala, has said the effective use and application of Information and Communications Technology can lead to...

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