Other News

Continental Re Grows PBT By 84% In 2015
Big Business

Continental Re Grows PBT By 84% In 2015

Continental Re, a major provider of re-insurance provider in Nigeria has recorded a profit before tax of NGN2.92billion in its 2015 full year versus NGN1.59 billion the previous year. In its just released financial statement, the company’s gross premium income increased to N19.7 billion, up from N16.4 billion in 2014 while shareholders’ dividend […]

Oracle Acquires Netsuite For USD9.3 Billion
Global

Oracle Acquires Netsuite For USD9.3 Billion

Oracle, the database and software company said today that it has entered into ‘a definitive agreement to acquire NetSuite’. Nigerian companies are expected to benefit from the acquisition. Netsuite is the world’s ‘very first cloud company’. According to Oracle, the transaction is valued at USD109.00 per share in cash, or […]

Tomato Prices Crash Back To Normal
Policy

Tomato Prices Crash Back To Normal

Tomato prices have crashed back to NGN800 per basket from the NGN18,000 price it was some weeks ago. This is a good news for Nigerians in the midst of the highest. Nigerian tomato farmers were plunged into a minimum loss of NGN1 billion when moths attacked tomato farms across the […]

Nigeria Reaches Agreement With MEND
Policy

Nigeria Reaches Agreement With MEND

In swift turn of events, the federal government of Nigeria must have reached an all-encompassing agreement with the Movement for the Emancipation of the Niger Delta. In a statement released by Jomo Gbomo, the spokesperson for MEND, he said: “The Movement for the Emancipation of the Niger Delta (MEND) is […]