Latest News

• NAICOM thumbs up for upholding, implementing government policies

  National Insurance Commission (NAICOM) has received kudos from insurance operators for upholding government policies in the industry against the backdrop of circumvented policies of the government. The nation’s insurance industry in time past was bedevilled by low...

  • Posted March 28, 2011
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• Nigeria and food crisis, why FG must face reality

  By Omoh Gabriel, Business Editor Last month, the Food and Agricultural Organisation, an agency of the United Nations, raised alarm that Nigeria, Morocco and Bangladesh face imminent food crisis. The report, posted on the UN agency’s website,...

  • Posted March 28, 2011
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• Eko Atlantic City: 2.4m sqm of land already reclaimed

  By Princewill Ekwujuru South Energyx Nigeria Limited, a subsidiary of the Chagoury Group, said it has so far reclaimed 2.4 million square metres of land in the nine million square metres Eko Atlantic City land  reclamation exercise....

  • Posted March 28, 2011
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• Cost of equipment, operations responsible for subscription increase – Multichoice, MD

  Multichoice Nigeria, owner of the Dstv platform will be increasing subscription of its bouquet next month. Mr. Joseph Hundah, Managing Director, Multichoice Nigeria spoke with Princewill Ekwujuru on issues surrounding the price hike, and some economic variables...

  • Posted March 28, 2011
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• Visafone to raise subscriber base to 10 million

  One of the major CDMA operators in the country, Visafone Nigeria, has said it is well positioned to grow its current subscriber base from five million to 10 million by 2014. Speaking at the third anniversary of...

  • Posted March 28, 2011
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• Confronting challenges of rural telephony

  Despite an impressive record of over 75 million mobile subscribers, the phenomenal growth of Nigeria’s telecoms sector has not been felt by over 40 million people living in rural communities. To experts, the challenge presents a core...

  • Posted March 28, 2011
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• Private sector workers’ contribution to pension fund hits N383.7bn

  More than six years after the commencement of the 2004 Pension Reform Act, only 2.01 million private workers have contributed to the contributory pension scheme. The Director-General, National Pension Commission, Mr. Mohammad Ahmad, disclosed this in an...

  • Posted March 28, 2011
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• New WAICA president sets agenda

  The New President, West African Insurance Companies Association, Mr Fatai Lawal, has disclosed the three point agenda that he plans to execute in the next one year. A statement on Friday quoted Lawal as saying that the...

  • Posted March 28, 2011
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• More Nigerians embrace insurance as marketers woo artisans

  Many artisans are currently buying insurance policies as a result of the aggressive marketing strategies adopted by insurance companies to increase awareness among low income earners. NIKE POPOOLA analyses the effect of the trend on insurance business...

  • Posted March 28, 2011
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• Royal Exchange, Unilever Appoint Directors

  One of the leading  financial services provider, Royal Exchange Plc has announced the appointment of Mr. Chike Mokwunye as its  Group Managing Director-Designate, following the disengagement of Mr. Allan Walmsley whose tenure expires on April 14, 2011....

  • Posted March 28, 2011
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• Afrinvest Plans Index-Traded Fund

  Leading investment portfolio manager, Afrinvest (W.A) Limited is getting set to float the first index traded fund in the nation’s capital market, the company’s Managing Director/Chief Executive Officer, Mr. Ike Chioke , has said . An index...

  • Posted March 28, 2011
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• ‘Systematic Fertilizers Save Forests, Fight Climate Change’

  As the world grapples with the challenge of feeding an ever growing population in the face of dwindling natural resources confounded by climate change, findings from a recent research by IITA show that science-based farming methods integrating...

  • Posted March 28, 2011
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• Firm Partners MFBs, SMEs to Boost Liquidity

  Oikocredit Limited of Netherlands said it has extended its funding activities to Microfinance Banks (MFBs) and Small and medium scale Enterprises (SMEs) in the country as part of efforts to enhance business activities in the country. A...

  • Posted March 28, 2011
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• Stanbic IBTC Records N13.5bn Profit

  The management of Stanbic IBTC Bank has said it recorded a pre-tax profit at N13.5 billion in its financial year ended December 2010. The audited results also showed that while the bank’s profit before tax grew by...

  • Posted March 28, 2011
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