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All posts by BusinessNews Staff

  • Insurers pay claims promptly – CIIN

    The President, Chartered Insurance Institute of Nigeria, Isioma Chukwuma, has urged members of the public to change their negative perception about the insurance industry in the country, because it is now paying claims to the insured promptly...

    • Posted November 26, 2015
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  • Stanbic IBTC Bank introduces personal teller machine

    Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, says it has partnered NCR to introduce the personal teller machine, an innovative product that will allow customers to perform full-banking activities 24 hours of the day....

    • Posted November 26, 2015
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  • Monitor imported lubricants – Kachikwu tells DPR, SON

    The Department of Petroleum Resources and the Standards Organisation of Nigeria have been urged to monitor the influx of imported lubricants into the country due to the reported cases of substandard lubricants in the market. The Minister...

    • Posted November 26, 2015
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  • Gas market highly unstable – Kachikwu

    The President of the Gas Exporting Countries’ Forum and Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has outlined reasons why the global gas market is currently unstable. Speaking at the 17th ministerial meeting of...

    • Posted November 25, 2015
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  • Guinness seeks approval for N4.82bn dividend

    Guinness Nigeria Plc will on Thursday seek the approval of its shareholders to pay N4.82bn as dividend for the financial year ended June 30, 2015. The company will seek approval to pay the dividend, which translates into...

    • Posted November 25, 2015
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  • FG subsidises petrol by N10.58/litre despite scarcity

    Despite the fall in global crude oil prices, its harsh impact on Nigeria’s revenue and the current petrol scarcity in many cities, the Federal Government is still subsidising by N10.58 for every litre of the product consumed...

    • Posted November 25, 2015
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  • N413bn subsidy: Marketers doubt approval by N’Assemby

    Marketers of petroleum products in the country are not sure of resuming their normal business activities in full scale any time soon following the delay by the National Assembly to okay the payment of the N413bn approved...

    • Posted November 25, 2015
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  • Naira hits 242 as CBN cuts dollar supply

    The naira fell to 242 against the United States dollar at the parallel market on Monday after the Central Bank of Nigeria cut dollar supply to Bureaux de Change operators in a bid to conserve the external...

    • Posted November 25, 2015
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  • Exporters seek single-digit interest rate

    As ‎part of efforts to diversify Nigeria’s economy from oil, as the mainstay, exporters have called on the federal government to initiate policies aimed at promoting single-digit interest rates for local exports. ‎The exporters spoke during a...

    • Posted November 24, 2015
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  • 39.5million Nigerians are excluded from financial services – CBN

    The Central Bank of Nigeria (CBN) has restated that about 39.5 million Nigerians were totally excluded from the financial services system. These include insurance services, pension and banking services. The bank said greater numbers of persons were...

    • Posted November 24, 2015
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