NAICOM goes tough on insuers over local content Infraction
The National Insurance Commission (NAICOM) has said it will not hestitate to sanction insurance operators that contravene local content policy by ceding businesses offshore, without fully utilising...
View ArticleDangote loses N1.5trn to economy recession
President of Dangote Group of Company, Alhaji Aliko Dangote, has reported lost N1.495 trillion due to devaluation of naira. According to Bloomberg Billionaires Index, the richest person in Africa...
View ArticleSON arrests substandard products manufacturer in Onitsha
The Managing Director of Bendusco International Agency Limited, a manufacturing outfit in Onitsha, Mr. Benjamin Nwizu and a Chinese working for him, Mr. Ning Tiadong, are in the net of security...
View ArticleAyade, Ita-Giwa, others laud Dangote on sponsorship of African Food Festival
Cross River State Governor, Professor Ben Ayade last weekend joined participants at the maiden African Food festival Calabar to commend Dangote Industries Ltd for sponsoring the event. The Governor...
View ArticleFMDQ admits Vetiva S&P ETF on Its platform
As the financial markets wrap up activities for the year, FMDQ OTC Securities Exchange (FMDQ) has admitted the pioneer listing of an Exchange Traded Fund 10,000,000 Units of the Vetiva S&P Nigerian...
View ArticleLagos targets 900,000 jobs by 2019
The Lagos State Government through the Lagos State Employment Trust Fund (LSETF) on Friday distributed offer letters to some of the beneficiaries of the pilot scheme of the N25 billion Employment...
View ArticleNigeria’s Lagos state sells 47 bln naira of bonds
Nigeria’s Lagos state has sold 47 billion naira ($154.50 million) of bonds maturing in 2023 to help finance its efforts to improve basic infrastructure in the country’s commercial hub, its governor...
View ArticleTony Elumelu Foundation Opens Application for Third Cycle of Entrepreneurship...
Africa’s largest business incubator, The Tony Elumelu Foundation (TEF), is now accepting applications from African entrepreneurs, with business ideas that can transform Africa. The application portal...
View ArticleCBN, Heritage Bank provide N2bn loan to aquaculture projects
L-R: Minister of State for Agriculture, Heineken Lokpobiri; Divisional Head, Project and Development Finance of Heritage Bank Plc, Dele Faseemo and the Chairman, Triton Group, Ashin Samtani, during a...
View ArticleGhanaian insurance industry profitability still low– Commissioner
Lariba Lydia Lariba, Commissioner of the National Insurance Commission (NIC), has stated that even though the industry’s gross premium income has seen significant growth over the years, profitability...
View ArticlePromasidor Wins NIPR ‘Best Company in Education’ Award
L-R: Oluwatooni Odewole, Assistant Brand Manager, Promasidor Nigeria Limited, receiving the Promasidor ‘Best Company in Education’ award from Professor Ralph Akinfeleye of the Department of Mass...
View ArticleFBNInsurance provides N14.5m Group Family cover to NAIPCO
As part of its Corporate Responsibility and Sustainability (CR&S) drive, fast growing financial services company, FBNInsurance Limited, has provided a Group Family Shield cover valued at N14.5m for...
View ArticleCBN Unveils Anchor Borrowers’ Programme Guidelines
Background The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers’ Programme (ABP). The Programme which was launched by President Muhammadu Buhari...
View ArticleNigeria’s NNPC awards 2017 crude oil term contracts to 39 companies
State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels...
View ArticleNSE’s Total Transactions from January to November 2017 Decreased 41.20%
On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of...
View ArticleEcobank on the path of achieving market leadership – Kie
Charles Kie, Managing Director, Ecobank Nigeria The Managing Director, Ecobank Nigeria, Charles Kie has said the bank is on the path of attaining market leadership in the country. According to him,...
View ArticleInsurance companies urged to increase subscriber base
Aaron Anafure (2nd left) with Ms Lydia Bawa (middle) at the get-together CHARLES ANDOH The Commissioner of Insurance has urged insurance companies to put pragmatic measures in place to increase their...
View ArticleNigerian union orders Total fuel depot strike over sackings
The Nigeria Union of Petroleum and Natural Gas Workers ordered on Thursday a strike at Total fuel truck depots across the OPEC member nation in protest against sackings. “We have stopped the...
View ArticleWhy we created the ABP – Emefiele
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, had given reasons behind the Bank’s Anchor Borrowers’ Programme (ABP) initiative in the country, saying the ABP was meant to complement...
View ArticleInsurance companies urged to invest in informal sector
Commissioner of Insurance, Ms. Lydia Labriba Bawa Insurance companies in the country have been urged to invest more in the informal sector of the economy. This, according to Commissioner of Insurance,...
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