Zain Commends MTV Africa Music Awards nomination process
October 12, 2008 by ella · Comments Off
Following the release of the nominees for the MTV Africa Music Awards with Zain (MAMAs) in Lagos, Nigeria, yesterday, the Nigerian telecom company has given the process leading to the selection of the winners thumps up. Read more
Simba Motors plans to establish more outlets in Nigeria
October 8, 2008 by ella · Comments Off
The management of Simba Motors has resolved to establish more outlets nationwide.
The Managing Director of Simba Motors, Mr. Dileep Banerjee explained at the just concluded Lagos auto fair that feedbacks so far received by the company indicated that its range of products was doing “very well” in the Nigerian market. Read more
FCMB hits N15.10bn profit after tax
October 8, 2008 by ella · Comments Off
First City Monument Bank has posted a profit after tax of of N15.10bn in its financial year ended April, 2008 as against N5.25bn recorded in last financial year.
The bank’s post tax profit stood at N15.10bn up from N5.25bn recorded in the similar period of 2007. Its gross earnings for the year under review also rose to N52.82bn from N24.97bn in 2007, representing an increase of 112 per cent.
Pentagon commences operation in Nigeria
October 8, 2008 by ella · Comments Off
Automobile and other security provider, Pentagon Protection, has commenced operational activities in Nigeria.
With head office in the United Kingdom, Pentagon Protection, explained during the just concluded Lagos motor fair that apart from its qualified staff, all required procedures were being followed to ensure maximum safety for all its customers.
Oceanic Banks gross eanings hits N150.9bn
October 8, 2008 by ella · Comments Off
Oceanic Bank International Plc has hit a gross earnings of N150.9bn in its 2007 financial year.
According to the bank’s unaudited results recently approved by the Nigerian Stock Exchange, the company’s gross earnings rose by 101 per cent compared to N74.94bn recorded in the corresponding period in 2007.
Nigeria: IEI gets tripple B rating from Agusto
October 7, 2008 by ella · Comments Off
International Energy Insurance Plc (IEI) is an “insurer with satisfactory financial condition and adequate capacity to meet claim obligations,” said Agusto & Co in its 2008 Insurance Rating Report just released in Lagos.IEI earned a triple B (Bbb) rating from the rating agency for showing such strong financial standing, which means that the insurance company scored anything from 60 per cent to 69 per cent in the overall assessment of its financial condition.
Fim introduces “startracker” to recover vehicle in Nigeria
October 7, 2008 by ella · Comments Off
”Startracker” has been introduced by Basequills Securities Nigeria Limited to aid vehicle tracking andd recovery services.
Basquills is one of the leading security providing firms in the country.
Crusader Insurance solicits investors support
October 6, 2008 by ella · Comments Off
CCrusader Nigeria Plc has solicited the support of investors for the Convertible Debentures Stock floated by the company that will give them greater benefits.
Addressing investors at the 2008 Investors’ Forum of the company in Lagos, the Group Managing Director, Tola Mobolurin said that the company decided to postpone its offer for subscription of 1.2 billion ordinary shares to a more auspicious time to give both prospective and existing investors opportunities to benefit greatly from the repositioned insurance company.
Nigeria: Ikhumi becomes Bethesda Programme Director
October 6, 2008 by ella · Comments Off
Bethesda Child Support Agency, an initiative of Freedom Foundation, has appointed Mrs. Douye Ikhumi as programme director to accelerate the development of initiatives and management of all Bethesda programmes according to the strategic direction set by the Board of the Foundation.
Profiliant works with Celemi to stimulate business in Nigeria
October 6, 2008 by ella · Comments Off
Celemi has concluded plans to partner Profiliant Development Resources Limited to introduce business simulation programmes into Nigeria.
Business simulations help companies create real market scenarios using models that support better understanding of what strategies and tactics a company should adopt and apply. Ivy League business schools worldwide are known to integrate business simulation as core content of their post-graduate curricular.
