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Mutual Benefits Posts N402m Profit

By Nnamdi Duru   The management of Mutual Benefits Assurance Plc (Mutual), one of the composite insurance groups in the country, said the company recorded a 50 per cent appreciation in its premium income for the last year ended December 31, 2009.  A statement by the Group Managing Director of the company, […]

Dangote Cement Posts N147bn Turnover

By Goddy Egene   Dangote Cement Plc, comprising Benue Cement Company Plc and former Obajana Cement Company Limited, has reported a turnover of N146.5 billion and a profit of N76.93 billion for the third quarter ended September 30, 2010. Based on the impressive performance and in line with its robust dividend […]

FAAC Distributes N412bn Revenues for Sept

By Obinna Chima   The Federal Account Allocation Committee (FAAC) has distributed a total of N411.6 billion ($2.7 billion) from the federation accounts to the three tiers of government for the month of September. The figure represented a slide by five per cent, compared with the previous month’s figure; Reuters quoted […]