BY NKECHI NAECHE —–The apex bank, the Central Bank of Nigeria (CBN) has faulted report in one of the national dailies, that one of its Deputy Governors was arrested and made to forfeit some amount of money to the Economic and Financial Crimes Commission (EFCC). The CBN made its stand known through a notice it ...
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CBN debunks arrest report on Deputy Governor
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Continuing Surge in Reserves; Increase by US$670m in September
Gross official reserves increased by US$670m in September to US$32.5bn. Since the recent low at end-October there has been an accumulation of US$8.5bn. The more telling figure is the increase of US$2.2bn since end-March, when the CBN stepped up its fx interventions under its multiple currency practices (MCP). When we allow for the ...
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Ghana: Fidelity Bank launches book to celebrate its success in banking industry
Managing Director of Fidelity Bank,Ghana, Jim Baiden One of the leading banks operating in Ghana, Fidelity Bank, has been celebrated as an exemplary bank in the industry following the successes it has achieved over the years. The bank’s success story has been highlighted in a book written by Professor Dana Redford which is ...
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Inflation Rate to Decelerate to 15.96% in September 2017
We expect the inflation rate (year-on-year) to drop marginally to 15.96% in September 2017 from 16.01% reported in the month of August 2017. The marginal decline in the inflation rate is largely attributed to the downward movement in food items, as well as decrease in some non-food items. Based on the data release calendar ...
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United Capital Plc Names Odiri Oginni as Acting Chief Finance Officer
United capital Plc. (‘the Company’) wishes to inform the Exchange and its Shareholders of the appointment of Mrs. Odiri Oginni as the Acting Chief Finance Officer of the Company. Her appointment followed the resignation of the former Group Chief Financial Officer, Mr. Sunny Anene who recently took on a higher role as the Managing Director ...
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FASHOLA COMMENDS INVESTORS IN SUKUK AS FINANCE MINISTER PRESENTS CHEQUE
L-R:Mrs Kemi Adeoshun and Mr Babatunde Fashola SAN *Says it is a show of confidence in the economy Minister of Power Works and Housing, Mr Babatunde Fashola SAN, Thursday received the cheque of N100Billion proceeds of the just concluded Investments Certificates (SUKUK) for Road Infrastructure across the country commending investors for ...
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Winners Emerge in Access Bank Family Fortune Promo
PRESS RELEASE ——–– More winners have emerged from the ongoing Access Bank Family Fortune Promo as the Bank rewards 118 customers in the second monthly selection of winners. The event which held at the Bank’s Alausa Branch in Ikeja produced 50 customers who won DSTV decoders while another 30 got N50,000 worth of shopping vouchers. ...
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NICON, Nigeria Re, Civil Defence Academy Pensioners to Receive Pension Entitlements As PTAD Commences Verifications
Pensioners of New Nigerian Newspapers,NICON Insurance,Nigerian Defence Academy and Nigeria Reinsurance Corporation, may soon receive their gratuity and pension benefits as the Pension Transitional Arrangement Directorate(PTAD) has commenced their verifications to include their names in its pay roll. Pensioners from the above four hitherto parastatals of federal government have neither received their gratuity nor ...
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Standard Alliance lists 917,857,136 ordinary shares on The Daily Official List of Exchange
Bode Akinboye, GMD, Standard Alliance BY NKECHI NAECHE—-Underwriting firm, Standard Alliance Insurance Plc at the weekend listed a total volume of 917,857,136 ordinary shares on The Daily Official List of The Exchange on the 3rd of October, 2017. This contained in a notice made available by the Exchange that the additional shares were issued ...
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Photos: News: Faces at the 2017 NAICOM annual seminar for insurance correspondents in Kaduna
Commissioner for Insurance Mohammed Kari (6th right), management of NAICOM and members of National Association of Insurance and Pension Correspondents at the event.
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Hyundai global brand value hits $13.2b
Hyundai has maintained its position as one of the world’s 40 most valuable brands for the third year in a row, according to the latest Best Global Brands report from respected international consultancy Interbrand. The carmaker retained its place as the world’s 35th most valuable brand and sixth most valuable automotive brand, despite challenging conditions ...
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NAICOM to beam searchlight on premium rating in 2018
BY NKECHI NAECHE—–Nigeria’s Insurance regulator, the National Insurance Commission (NAICOM) yesterday said in 2018 the commission will focus in ensuring a suitable premium rate for the insurance industry. The Commissioner for Insurance, Mohammed Kari, disclosed this during the 2017 Annual Seminar for Insurance Correspondents organised by the Commission in Kaduna, Kaduna State, that the decision ...
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Nigerian Breweries Rewards, Celebrates Outstanding Journalists at Ninth Golden Pen Award
From Left to Right: Mr. Johan Doyer, Managing Director, Nigerian Breweries Plc; Mr. Isioma Madike, NB Golden Pen Reporter of the Year and Mr. Femi Adesina, Special Adviser on Media and Publicity to the President, at the 9th Nigerian Breweries Golden Pen Award in Lagos on Friday. ...
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Nigeria At 57: AMCON Executive Director Makes Case For Unity
A top official of Asset Management Corporation of Nigeria (AMCON) has called on all Nigerians to eschew all forms of bitterness, embrace one another and join hands to build the Nigeria of our dream. Executive Director, Operations, Mr. Aminu Ismail, who stood in for Mr. Ahmed Kuru, Managing Director/CEO made the call at the ...
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UBA Kicks Odd Fourth Annual Essay Competition
L-R: Bola Atta, CEO, UBA Foundation, Frederick Asante, previous winner, Mrs. Abiola Bawuah, CEO, UBA Ghana, Dorcas Asante, previous winner, Augustus Owusu-Agyemfra, Deputy Director, Secondary Division, Ghana Education Service at the kick off of UBA Foundation’s National Essay Competition 2017 in Ghana. UBA Foundation, the corporate social responsibility arm of the United ...
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Abdullahi Emerges winner of ‘The Big Bull Rice Man of the Year’
Photo shows L – R, Mr. Onyekachi Onubogu, Executive Director TGI Group presenting a cheque of One million Naira to ShehuAbdullahi of the Super Eagles, winner of The Big Bull Rice Man of the Match Award assisted by Mr. Sumit Jain, the Chief Financial Officer of WACOT Limited Shehu Musa, the ...
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CentrespreadGrey Emerges Nigeria’s ICONIC Brand Agency of the Decade
CentrespreadGrey, one of Nigeria’s renowned marketing communications agencies, has added to its award cabinet after bagging the ICONIC Brand Agency of the Decade Award at the 2017 edition of the Nigeria Brand Awards. The honour, which came in the Customer Services Excellence Category, attests to the agency’s professionalism and numerous achievements in the Nigerian ...
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OUR MEOUR MEN HAVE GONE!
BY SEGUN BANKOLE—-I still can get this phrase off my mind as I continue to ruminate over the innocent but very potent and enduring statement made by my 14 year old daughter just about four days ago. How did this statement come about? I decided to take a short vacation out of the country ...
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NAICOM eyes 12 new distribution channels*Confronts insurance brokers with tight rules
BY NKECHI NAECHE—poised to increase penetration and ensure easy access to insurance in the country, insurance regulator, National Insurance Commission (NAICOM) said it has concluded plans to introduce 12 new distribution channels. It would be recalled that the commission recently released draft guidelines on independent agent, mutual, associations, community and state government financial advisor, which it believes will ...
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NAICOM, PenCom, Lagos State Endorses NAIPCO Conference
*Dele Fajemirokun to chair the occasion PRESS RELEASE—The National Insurance Commission(NAICOM), the National Pension Commission(PenCom) and the Lagos State government have endorsed the upcoming 2017 Conference of the National Association of Insurance and Pension Correspondents (NAIPCO). The conference is billed to hold on 25th of October, 2017, at Oriental Hotel, Victoria Island, Lagos. ...
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