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Contributory pension fund hits N4.5trn

By ,   /  October 31, 2014  /  Business  /  No Comments

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THE National Pension Commission (PenCom) yesterday said contributory pension fund has hits N4.5 trillion. The Director General, Chinelo Anohu-Amazu made this known yesterday in Lagos during the conference on pension Reform Act 2014 organised by the commission to sensitize stakeholders in the South West geopolitical zone on the new provisions and developments ushered in by […]

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Winners emerge in Nestle Milo back to school promo

By ,   /  October 31, 2014  /  Business  /  No Comments

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OVER 110 scholarships worth N100, 000 each have been given out in the ongoing Nestlé MILO Back to School Promo. Some of the lucky winners are Ms. Esther Balogun (Shoprite supermarket, Ibadan), Master Kazeem Salaudeen (Globus supermarket, Festac) and Mrs. Salawat Aweda (Ojuwoye market, Mushin). Explaining the rationale behind the promo, Category Manager, Beverages, Nestlé […]

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Jonathan flags-off middle manpower training scheme on power

By   /  October 31, 2014  /  Business  /  No Comments

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Minister of Power Prof Chinedu Nebo has disclosed federal government’s plan to grow the Nigerian middle manpower on power sector by creating a National Power Sector Apprentice Scheme, NAPSAS for training of young Nigerians power sector. The Minister made this known yesterday when he received a delegation from the National Association of Nigerian Students, NANS […]

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Stanbic IBTC Q3 profit up 48.4%

By ,   /  October 31, 2014  /  Business  /  No Comments

stanbic

STANBIC IBTC IBTC Holdings has said its nine-month pre-tax profit climbed up to N30 billion up 48 percent from N20.2 billion reported in the same quarter of 2013. Profit after tax also increased 57.3 percent to N25.3 billion from N16 billion reported in the same period of 2013. Gross earnings grew 14 Percent according to […]

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ETI, Diamond Bank submit 2014 Q3 results

By ,   /  October 31, 2014  /  Business  /  No Comments

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ECOBANK Transnational Incorporate, ETI said its profit before tax, PBT for the nine months period ended September 30, 2014 increased 37.4 percent to N66.5 billion from N48.3 billion in the same period of 2013. Similarly, Profit After Tax, PAT grew 31.3 percent to N52.5 billion from N40 billion posted in the third quarter (Q3) of […]

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Nigeria’s Ambassador to UN loses husband

By   /  October 30, 2014  /  News  /  No Comments

Dr. Aloysius Ogwu, the husband of Prof. Joy, Nigeria’s Permanent Representative to the UN, is dead. A statement issued by the Permanent Mission of Nigeria to the UN, New York, on Thursday said Aloysius died on Monday in New York, aged 77. Aloysius, a surgeon, retired as Chief Consultant Surgeon at the Military Hospital, Ikoyi, Lagos. […]

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CAF gives Uyo stadium pass mark

By   /  October 30, 2014  /  News  /  No Comments

The new Akwa Ibom International Stadium in Uyo has been likened to the Soccercity in Johannesburg that played host to the final of the 2010 Fifa World Cup by Caf inspector. According to the Caf inspector, Fred Crentsil, who is also vice president of the Ghana Football Association (GFA), the Akwa Ibom International Stadium is […]

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State of Palestine officially recognised by Sweden

By   /  October 30, 2014  /  News  /  No Comments

Sweden became the first Western European nation to formally recognise the state of Palestine today in a move that drew an angry response from Israel as they publicly opposed the decision. Prime Minister Stefan Lofven announced the move at his swearing-in ceremony on 3 October, which Palestinian president Mahmoud Abbas described as “brave and historic”. […]

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Seizure of 14.6kg of cocaine: NDLEA arrests 3 suspects

By   /  October 30, 2014  /  News  /  No Comments

The National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA) on Thursday said it had arrested three suspects and seized 14.6kg of cocaine. According to a statement by the agency, the hard drug which is of high grade from Brazil was hidden in footwears and laptop bags. “Three suspected drug traffickers […]

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Kwankwas‎o picks APC nomination form

By   /  October 30, 2014  /  News  /  No Comments

Gov. Rabiu Kwankwaso on Thursday in Abuja picked the N27.5 million nomination and expression of interest forms to contest for the presidency on the platform of the APC in 2015 general elections. He promised to regard his co-aspirants as a family and strive to play by the rules, to ensure a rancour-free primary. ”Mr Chairman, […]

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