Africa Re Grow Premium Income to US$ 517.15million Q3 2017
Mr. Corneille Karekezi BY BUSINESSTODAY REPORTERS-—African reinsurer, Africa Reinsurance Corporation (Africa) has posted a growth of US$517.15million in its premium income at the end of third...
View ArticleLagos workers acquire skills for pension administration
Dr. Akintola Benson Governments and employers who fail to accept the welfare of the people as the ultimate law is at the risk of ruining its stewardships and the trust of the citizens in...
View ArticleNNPC Operating Deficit Halved from N11.9bn to N5.7b
In August the NNPC’s operating deficit halved from N11.9bn the previous month to N5.7bn (US$19m). Before central costs and ventures, a profit from production (N28.0bn) covered the losses from...
View ArticleCBN Extends Settlement Banking Arrangement to All Clearing Sessions WEF...
You will recall that the Central Bank of Nigeria introduced settlement banking framework on 1st April 2004. The framework categorized Deposit Money Banks into settlement and non-settlement banks. The...
View ArticleTAX: LAGOS MOVES TO SHUT DOWN HEADQUARTERS OF DEFAULTING COMPANIES
…Gives Monday Deadline To Remit All Outstanding Payments The Lagos State Government on Sunday said it will commence the process of shutting down the corporate headquarters of organisations in the State...
View ArticleAm ready to transform Equity Assurance for high-performance, problem-solving...
L-R: Mr Leke Hassan, GM, Business Development and Sales; Mr Karim Dione, Executive Director, Strategy and Performance; Mr Abba Kyari Bukar, chairman; Mr Moruf Apampa, Managing Director/CEO; and Mr Sam...
View ArticlePrestige Assurance Eyes retail expansion via marketing associates, branch...
* Report 94% growth in PAT Q3 2017 BY NKECHI NAECHE—-Underwriting firm, prestige Assurance Plc has revealed plans to expand its retail market reach by employing marketing associates. The company...
View ArticleIkoyi Cash: FG Denies Withholding Whistle-Blower’s Payment
The Federal Government on Sunday denied withholding the payment due to the whistle-blower that provided a tip-off to the recovery of funds stashed away in a property in Ikoyi, Lagos earlier this...
View ArticleIMproved FX Access for Petroleum Marketers
The National Bureau of Statistics (NBS) has released its latest premium motor spirit (PMS) price watch report. It shows the average monthly price for PMS (petrol/gasoline) paid by households across the...
View ArticleDakuku: Lawyers key to development of maritime sector
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has charged practitioners of law in the maritime sector on the need for regular updates on...
View ArticleHyundai pick-up may debut in U.S.
Three years after Hyundai disclosed the concept of Santa Cruz, details regarding a production version are still quite limited at this point. New info has emerged this week as South Korea’s Seoul...
View ArticleMercedes-Benz Pick-Up to debut in 2018, may cost $45,000
Mercedes-Benz first pick-up is to debut in April 2018. Already, more than 7,000 buyers have registered their interest online for the new Mercedes pick-up. According to agency report, the rise in...
View Article“Second best time to industrialize Nigeria is now”
Given the trend in the global economy and recent developments in Nigeria, now is the second-best time to industrialize the country, having lost the chance to do so some decades ago, according to Vice...
View ArticleMoody’s downgrades GTBank, First Bank, Zenith Bank, 5 others rating
Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks -Access Bank Plc (Access), Guaranty Trust Bank Plc...
View ArticleMoody’s downgrades Dangote Cement rating to B1
Moody’s Investors Service, has downgraded Dangote Cement Plc’s (DCP) corporate family rating (CFR) to B1 from Ba3. At the same time Dangote Cement ‘s probability of default rating was downgraded to...
View ArticleCOMMUNIQUE ISSUED AT THE END OF THE 2ND CONFERENCE OF THE NATIONAL...
1. That regulation of Insurance and Pension Industries should be domesticated to suit the local environment irrespective of where they have been imported from. 2. That regulators and government...
View ArticleNaira remains strong as CBN pumps in $195m
The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its...
View ArticleBond Yields decline further as Senate approves FG’s $5.5bn External Loan Plan
The Bond Market Bond yields declined further in today’s session, as news of the senate’s approval of the FG’s $5.5bn external loan plan fueled some buying interests in the market. The 2027 and 2037...
View ArticleNigeria, Senegal and Cape Verde dominate the West African hotel pipeline with...
West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is...
View ArticleIMF Says Indonesian GDP to Expand 5.3% in 2018
The Indonesian economy continues to perform well, with GDP projected to expand by 5.1 percent in 2017 and 5.3 percent in 2018. In the near term, policies should focus on promoting growth while...
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