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All posts by Ifreke Inyang

  • 21 insurers fail to submit 2012 accounts to NAICOM

    In spite of the fact that section 26(1) of the Insurance Act 2003 stipulates that every insurer shall not later than 30th June of each year submit to the National Insurance Commission (NAICOM), a balance sheet duly audited...

    • Posted October 10, 2013
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  • NSE management tasks FG, legislators on reviving capital market

    It was ordinarily an opportunity for the management of the Nigerian Stock Exchange (NSE) to bare its mind on the Chartered Institute of Securities and Investment Bill 2013, before the Senate Committee on Capital Market. But, it was...

    • Posted October 10, 2013
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  • Dangote plans $34.7bn fresh investment in economy

    The President of Dangote Group, Alhaji Aliko Dangote, has said that the Group is poised to make an additional investment totaling $US 34.7 billion in the economy by 2017. He also said the cement arm of the...

    • Posted October 9, 2013
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  • Nigeria ranks 4th in global oil supply outages

    WITH more than 200,000 barrels per day (bpd) of crude oil being lost to pipeline vandalism, crude oil theft and spills, Nigeria ranks fourth in the league of countries who contribute to global oil supply outages, estimates...

    • Posted October 9, 2013
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  • ABCON supports CBN anti-money laundering measures

    Association of Bureaux De Change Operators of Nigeria (ABCON) said it  fully supports recent measures of the Central  Bank of Nigeria (CBN)  to check money laundering, and other malpractice in the foreign exchange market. Recently, the CBN...

    • Posted October 9, 2013
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  • Substandard cylinders hinder gas development

    THE high incidence of substandard, unbranded and smuggled cylinders into the Nigerian market has deterred genuine importers of the product from investing in the business, thereby discouraging the use of Liquefied Petroleum Gas, LPG/cooking gas in the...

    • Posted October 9, 2013
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  • Adenuga assures Conoil shareholders of increased returns

    The Chairman, Conoil Plc, Dr. Mike Adenuga, has given an assurance to shareholders of the company that it will continue to grow despite challenges. According to a statement, which was made available to our correspondent on Sunday,...

    • Posted October 9, 2013
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  • FMDQ OTC will boost securities market – Aig-Imoukhuede

    The management of FMDQ OTC Plc has said it will work towards strengthening Nigeria’s fixed income securities market by promoting transparency and ensuring there is greater liquidity in the market. A statement, which was made available to...

    • Posted October 9, 2013
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  • Drought may hit Nigeria, others – World Bank

    The World Bank has said drought may hit some parts of Africa, including Nigeria, between now and 2015. In a report entitled: ‘Africa’s Pulse’, which was released in Abuja on Monday, the World Bank listed the other...

    • Posted October 9, 2013
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  • Dangote to chair World Economic Forum

    President, Dangote Group, Aliko Dangote, has been appointed a co-chair of next year’s annual meeting of the World Economic Forum in Davos-Kloster, Switzerland. The Executive Chairman, World Economic Forum, Prof. Klaus Schwab, in a letter inviting the...

    • Posted October 8, 2013
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