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NBC to invest N45bn in operations

By Gbenga Agbana Friday, 17 Dec 2010 The Nigerian Bottling Company Plc, sole franchise bottlers of Coca-Cola products in the country, announced on Thursday that it would invest N45bn in its operations in the next three years. A statement from the company said the fund would be channeled into infrastructure modernisation, […]

NDIC to reduce insurance premium on bank deposits

By Segun Olatunji, Kaduna Friday, 17 Dec 2010 The Nigeria Deposit Insurance Corporation said on Thursday in Kaduna that it had plans to reduce the insurance premium on bank deposits, which was a burden in the banking industry. The NDIC also announced an increase in the deposit insurance coverage levels of […]

Union Bank shareholders approve results

By Gbenga Agbana Friday, 17 Dec 2010 Shareholders of Union Bank of Nigeria Plc, on Thursday approved its reports and accounts for the financial years ended March 31, 2009 and December 31, 2009, at its 40th and 41st Annual General Meetings held in Maiduguri, Borno State. A statement from the company […]