Beverage giant, Coca-Cola Nigeria Limited has unveiled plans for the Nigeria leg of the 2009 FIFA World Cup Trophy Tour. At a media conference held in Lagos on Tuesday, 29th September, the company announced that the authentic FIFA World Cup

Jamii Telecoms Ltd has become the first company to connect it clients to the East African Marine System (TEAMs) fibre optic cable, which has been undergoing tests since it landed in the country in June.

Skyway Aviation Handling Company Ltd., Lagos, has paid N1.7 billion of its bid price for the acquisition of Skypower Aviation Handling Company (SAHCOL), an official said.

The Central Bank of Nigeria is expected to sack the managing directors/chief executive officers of three banks any time soon as part of the ongoing efforts to sanitise the banking sector.

THE Langer Heinrich Mine remained Paladin's only success story this year, increasing its 2009 profit before income tax and finance costs by 128 per cent over that of 2008 to US$39,6 million, about N$280 million.

Despite harsh business environment in 2008, Mutual Benefit Assurance Plc as recorded an improved gross premium income in 2008 closing its books at N3.63 billion as against N2.21 billion in 2007 representing 64 percent improvement.

PIONEER Corporation Africa business volumes are seen rising in the second half as the group aims to break-even after a loss in the interim to June.

KINGDOM Financial Holdings Limited has reported an after tax-profit of US$452 176 in the six months to June, underpinned largely by the recovery of the equities market and increased contribution from its associate company in Malawi.

Skye Bank Plc has been appointed by the Rivers State government to collect taxes, levies and fees due to the state's Board of Internal Revenue, ministries, departments and agencies under its new policy of "Pay Direct System".

Fidelity Bank Plc has opened free accounts for new babies born yesterday in selected hospitals across the country to celebrate Nigeria's Independence Day.

The Gombe State government has commended an indigenous construction company for executing the N 1 billion contract of Garin-Dogo/Kupto road in accordance to the required specifics.

Skyway Aviation Handling Company, a member of the SIFAX GROUP on Wednesday, paid the sum of N1.65 billion, representing 30 per cent of Skypower Aviation Services Limited (SAHCOL) to the Bureau of Public Enterprises (BPE).

EAST African Breweries (EABL) has terminated sponsorship for their branded Tusker Safari Sevens, the region's biggest rugby tournament.

The African Development Bank Group (AfDB) and Main One Cable Company on Wednesday signed a loan agreement of $61 million towards the development of a submarine fiber optic cable connection along the West African coast.

TALKS to create the world's third- biggest cellphone group through a $24bn tie-up between MTN and India's Bharti Airtel collapsed yesterday after the Indian telecoms group said the South African government did not accept the deal as it stood.

After four successful concerts in Jinja, Gulu, Lira and Mbarara, Zain wrapped up their 'Dance with the Stars' campaign at The Gardens in Fort Portal. The concept was to bring favourite artistes nearer to the people in the country's sub-regions.

United Bank for Africa Plc (UBA), is seeking an endorsement from its shareholders to proceed with an additional capital raising exercise for a total of N500 billion.

THE BOARD Chairman of the Sekyedumase Rural Bank, Mr. David Okyere, has revealed at the bank's 20th Annual General Meeting that despite the current economic situation, generally referred to as "Credit Crunch," which has resulted in the collapse of many

The Irish-based company Kenmare Resources, which owns the Moma titanium minerals mine in the northern Mozambican province of Nampula, has won a Corporate Social Responsibility (CSR) award for the Kenmare Moma Development Association (KMAD) which it founded in 2004.

NAMIBIA Breweries Limited (NBL) financial results for the year ended June 30 2009 show that the company's thirst for profit has not been quenched by a long shot: a continued hard stance on cost-cutting saw them maturing an operating profit