Use latest technology to harness untapped market, Babalola tells Insurers
Remi Babalola BY NKECHI NAECHE—-The Insurance Industry operators in the country have been called upon to embrace digital transformation aimed at making insurance more attractive to the new...
View ArticleCBN Says Manufacturing PMI Grew 55.3% in September 2017 from 53.6% in August...
Introduction The September 2017 PMI was conducted by the Statistics Department of the Central Bank of Nigeria during the period September 11 – 15, 2017. The respondents were purchasing and supply...
View ArticleWema Bank Announces Extra-Ordinary General Meeting, to Embark on Capital...
Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) Issues Notice on Extra-Ordinary General Meeting. Capital Reorganization to Position Bank for Efficiency Resolve Negative Retained Earnings...
View ArticleDarkness descends on KPMG; Auditing firm faces ruin as its reputation lies in...
Auditing firm KPMG SA’s reputation is in tatters and it faces ruin as another two major clients ditch it. On Tuesday financial services company Sasfin and investment company Hulisani...
View ArticleFirstBank Increases Stake in FBNBank DRC Limited; Consolidates its...
First Bank of Nigeria Limited (FirstBank or the Bank), the foremost Nigerian bank, announced the acquisition of the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly...
View ArticleGhana: Labour unions call off intended strike over tier-2 pension
The Forum for Public Sector Registered Pension Schemes made up of the 12 public sector labor unions have called off their intended strike which was to begin today [Friday]. The Chairman of the forum,...
View ArticleGhana: World Bank pledges to make Ghana a middle income country
Country Director for the World Bank, Mr. Henry Kerali, has assured Ghanaians of the institution’s support to help improve the living conditions of Ghanaians. According to Mr Kerali, the World Bank is...
View ArticleFidelity Bank Launches $500 Million Eurobond to Boost Operations
Fidelity Bank, MD/CEO, Nnamdi Okonkwo Fidelity Bank Plc thursday announced plans to launch up to $500 million Senior Unsecured Medium Notes (Eurobond) as well as a tender offer to purchase the...
View ArticlePhoto News: NCRIB 2017 Fellows’ Day
L-R: Deputy President, Nigerian Council of Registered Insurance Brokers, Mr. Shola Tinubu; Guest Speaker, Mr. Hakeem Ogunniran, NCRIB President, Mr. Kayode Okunoren; Chairman, Board of Fellows,...
View ArticleHurricane Harvey: 70% of home damage costs aren’t covered by insurance
The latest Hurricane Harvey cost estimates show about 70% of home damages caused by flooding won’t be covered by insurance. New preliminary data from CoreLogic, a property analytics firm, predicts...
View ArticleLloyd’s of London insurers face claims bill of $4.5bn resulting from recent...
Lloyd’s of London confirmed it had already paid out ‘significant amounts’ to cover claims following the recent hurricanes which hit Florida, Texas and the Caribbean. The aftermath of hurricanes...
View ArticleAfDB approves $200 million to IDC to support industrialisation projects in...
The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial...
View ArticleNSE CEO Receives Professional Excellence Award
The Chief Executive Officer (CEO) of The Nigerian Stock Exchange (“NSE” or “The Exchange”), Mr Oscar N. Onyema, OON was yesterday given the Professional Excellence Award – Capital Market Category at...
View ArticleOsinbajo Says Nigerians will Benefit from the Fruit of the Nation
REMARKS BY THE VICE PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY PROF. YEMI OSINBAJO, SAN, GCON, AT THE INDEPENDENCE DAY INTERDENOMINATIONAL CHURCH SERVICE AT THE NATIONAL CHRISTIAN...
View ArticleCBN stops banks from taking charges on bulk transfers
Commercial banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS), The Nation learnt at the weekend. The RTGS is an...
View ArticleSales of new Audi A8 begins October 5
The new Audi A8 will be on sale as from October 5, 2017 in Germany. With strikingly stylish design, first-class chassis solutions, a touch operating concept and the electrification of all drive units,...
View ArticleRx Healthcare Fund Announces Anchor Investors
Rx Healthcare Fund (“Rx” or the “Fund”) (www.RxHealthManagement.com), an Africa-focused healthcare private equity fund currently under establishment, today announced that GE Healthcare...
View ArticleIOSCO launches World Investor Week 2017
The International Organization of Securities Commissions (IOSCO) today launched its first World Investor Week (WIW). A bell-ringing ceremony at the Tokyo Stock Exchange marked the start of this...
View ArticleEcobank launches mVisa across 33 African Countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge...
View ArticleFG so far injects N43.9billion to Agriculture- says CBN
The Federal Government has so far released a total of N43.92 billion through the Central Bank of Nigeria (CBN) and 13 participating institutions for supporting agriculture production across the...
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