archiveMay 23, 2016

Four African countries, Nigeria, Ghana, Tanzania, Zambia and Cote d’Ivoire will grow Africa’s insurance market by 4.3 per cent in 2016 and 5.1 per cent in 2017. According to the International Monetary Fund (IMF) forecast, the fast growth in insurance patronage in these countries was due to the expanded market...

As the ongoing Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) comes to an end on Tuesday, there are strong indications that the meeting may raise the MPR from the current 12 per cent by between 50 and 250 basis point. The committee may not have...

 Shareholders of Nestle Nigeria Plc approved final dividend of N19.00 totalling N15 billion as declared by the company for financial year ended December 31, 2015. The multinational company had last year declared an interim dividend of N10.00 (N7.9 billion), totalling N29.00 (N21 billion). The N29.00 final dividend approved by shareholders...

By ABDUL OLALEKAN Skye Bank Plc has produced another set of millionaires at the 11th edition of the ‘Reach for the Skye Millionaire’ reward scheme. This time, Mr. Daniel Edem of Adeniran Ogunsanya Branch in Lagos emerged a millionaire at the bank’s Reach for the Skye Millionaire promo held at...

By ABDUL OLALEKAN The Nigerian London Business Forum has lambasted British Prime Minister, David Cameron, for describing Nigeria as a country that is 'fantastically corrupt'. The Chief Operating Officer (COO) of the forum, situated in United Kingdom (UK),Danette Gayle, in a statement  over the weekend, said Cameron's statement was not...

By ABDUL OLALEKAN Following the low public acceptance of insurance, about 58 underwriting companies across the country have agreed to generate N1 billion to use spend in order to increase insurance acceptance among Nigerians, Business247 has learnt. Investigation shows that the low patronage of the insurance sector is seriously affecting...