Minister of Power, Mr. Barth Nnaji on Monday said government has commenced investigation into allegations that PHCN Union did not remit the workers Contributory Pension since 2006.
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Multi-Billion Naira Pension Scam Hits PHCN Workers' Union
- 14 August 2012
- FRONTIER NEWS
- Hits: 1756
- Section: Companies & Markets
Forte declares N622.8m half year profit
- 08 August 2012
- DAILY TRUST
- Hits: 2053
- Section: Companies & Markets
Forte Oil Plc has declared N622.770 million in its half year result for the period ended June 30. This is contained in the result of the firm released to the Nigerian Stock Exchange (NSE) yesterday in Lagos.
CBN may ask Nigerian banks to close foreign subsidiaries
- 26 July 2012
- THE PUNCH
- Hits: 2283
- Section: Companies & Markets
Indications have emerged that some Deposit Money Banks in the country may close their foreign subsidiaries due to inability to meet capital requirements of host regulators.
Nigeria's Union Bank CEO To Step Down
- 23 July 2012
- THE WILL
- Hits: 2319
- Section: Companies & Markets
Group Managing Director of Union Bank of Nigeria Plc, Mrs. Funke Osibodu, is due to exit her post towards the end of this year, precisely in another three months, after slightly over three transformational years of returning the bank to a sound footing.
Nigeria court strips Russia's RUSAL of aluminium firm
- 09 July 2012
- REUTERS
- Hits: 1660
- Section: Companies & Markets
Nigeria's supreme court has ordered that Russia's RUSAL, the world's largest aluminium producer, be stripped of ownership of former state-owned Aluminium Smelter Company of Nigeria (ALSCON) because the assets should have gone to another bidder.
