NAICOM Redeploys Heads of Directorate
NAICOM logo The National Insurance Commission (NAICOM) announces the redeployment of some Directors to new portfolios in a minor reorganization and rotation of Heads of Directorate in the...
View ArticleNIC committed to improve industry capitalisation
NIC logo Ms Lydia Lariba Bawa, Commissioner of Insurance says the National Insurance Commission (NIC) as part of its Risk Based Supervisory framework issues a risk based solvency and capital...
View ArticleMTN appoints new head of regulatory affairs after Nigeria fine
South Africa’s MTN has appointed a new regulatory affairs chief, a spokesman said on Monday, after a large fine in Nigeria dragged Africa’s biggest mobile operator by users to its first-ever...
View ArticleAfDB to launch an Africa Investment Forum
The Board of the African Development Bank (AfDB) has approved the institution’s proposal to launch an ‘Africa Investment Forum (AIF)’—a meeting place for investors interested in Africa. The...
View ArticleOld Mutual Investment Group CEO resigns
Old Mutual logo Old Mutual South Africa (OMSA) and Old Mutual Investment Group (OMIG) today announced that Diane Radley, Chief Executive Officer of OMIG, has resigned. Radley will leave at the...
View ArticlePower Africa: Nigeria to Benefit from US $7bn Commitment
Power plant Nigeria is on the verge of benefiting from the United States of America’s $7 billion commitment to power Africa. This is coming as the US is about to fulfill its initial commitment,...
View ArticleNSE organises first market data workshop
NSE logo …Celebrates X-Gen at 3 The Nigerian Stock Exchange (NSE) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data...
View ArticleCBN Approves guidelines for granting liquid asset status
Godwin Emefiele, CBN Governor Makes Sukuk Bond attractive to state government in a bid to improve the financial system and reposition the Nigerian economy, the Central Bank of Nigeria (CBN)...
View ArticleEfficiency Unit holds Workshop on Cost Management ForFederal MDAs, State Govt
The Efficiency Unit in the Federal Ministry of Finance on Tuesdsy said it has concluded arrangements for a series of workshops on Cost Management for officers of Federal Ministries,...
View ArticleMastercard Is ‘Digital by Design’ at Money20/20
MasterCard As the world grows more and more connected, Mastercard is working to ensure that every one of our accounts is as digital as the people using them. We are designing rich, innovative,...
View ArticleNigeria to auction 138 bln naira in treasury bills
treasury-bills Nigeria plans to sell 138.16 billion naira ($454.47 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Tuesday. In a public notice, the...
View ArticleSEC Reacts to NECA’s Flay on Quoted Companies Sanctions
SEC logo The attention of the Securities and Exchange Commission (“SEC”) Nigeria has been drawn to a publication in The Guardian newspaper of Friday October 7, 2016 on the above caption “RE:...
View ArticleDigital Broadcasting To Be Launched in Abuja December – Minister
From Left: Chairman of Pinnacle Communication Limited Sir Lucky Omoluwa, Minister of Information and Culture, Alhaji Lai Mohammed, Director General of NTA, Mallam Yakub Ibn Mohammed and the Director...
View ArticleFAAN, Caterpillar Partner for Regular Power Supply at Nation’s Airport
The Federal Airports Authority of Nigeria (FAAN) and manufacturers of giant generators, Mantrac caterpillar are partnering to put an end to power outages at the country’s airports nationwide...
View ArticleUBA Grows Profit To N62 Billion In Nine Months
Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year...
View ArticleSome Cheer for Broadband Penetration
FBNQuest Research The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 93.5 million in August; representing a y/y contraction of -1.8%. The figure...
View ArticleSterling Bank launches indirect bid to raise N8b capital
•Lender eyes N65b in serial bond issuance Sterling Bank Plc has secured regulatory approval to raise about N8 billion in new capital as a first step in a large new capital issuance through which...
View ArticleNSE. Halts 2-Day Consecutive Gain on Consumer, Industrial Goods Counters
NSE logo Following two consecutive sessions of gains, the equities market declined today, falling -0.03% to 28,027.23pts. The negative close was largely driven by the declines in NESTLE (-45pts),...
View ArticleDeutsche Bank to pay $9.5 million penalty over research info: SEC
Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and publishing an improper...
View ArticleNigeria mining ministry in talks over $500 million fund and corporate bonds
Nigeria’s government is in advanced talks with its sovereign wealth fund and stock exchange to create a $500 million exploration fund and corporate mining bonds to attract investment, its mining...
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