archiveJune 12, 2016

The family of the presumed winner of the June 12, 1993 presidential election, late Chief MKO Abiola, has called on the Federal Government to declare him the winner and pay presidential entitlements. Head of the family, Alhaji Muritala Abiola made the request on Sunday during the commemoration of the June...

The Nigeria Employers’ Consultative Association (NECA) has kicked against the proposed picketing of some banks by the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) as a result of retrenchment in the sector. Reacting to the issue, NECA said that the labour law recognizes the right of employer...

  By ABDUL-KHALIQ OLALEKAN Sovereign Trust Insurance Plc has assured its numerous clients nationwide prompt payment of genuine insurance claims as at when due, even as it paid N386.9 million as claims in the first quarter of the year. A statement released by the firm and made available to Business247...

By ABDUL-KHALIQ OLALEKAN Guinea Insurance Plc (GI) recently sponsored Fitness Walk an initiative of the Chartered Insurance Institute of Nigeria (CIIN), in Lagos. The company hosted the pre-walk reception of the institute’s members at its Corporate Head-office premises at Jibowu, where the pre-walk aerobic exercise and health tips were conducted...

By Niyi Olaoye Financial experts in the country have called on Federal government of Nigeria to restore the license of Savannah Bank and allow them to re-open for operation saying that  the crisis that has bedeviled the  bank is political. Depositors of Savannah Bank recently called for the intervention of...

Ecobank Transnational Incorporation (ETI) has restated its determination to building a stronger and profitable financial institution. The Group Managing Director, ETI, Ade Ayeyemi who made this disclosure during the Bank's Facts Behind the Figures presentation at the Nigeria Stock Exchange (NSE) in Lagos on Friday, maintained that the pan African...

The Bankers’ Committee of the Central Bank of Nigeria (CBN) recently gave assurance that the rate of mass sacking in banks would be reduced within the shortest time possible. NIYI OLAOYE writes on the possibilities of actualizing these promises. Recently, there have been series of staff laying off in the...

By ABDUL-KHALIQ OLALEKAN A total of 37 listed companies on the Nigerian Stock Exchange (NSE) paid a sum of N95 million fines for late submission of their financial results for 2013, 2014 and 2015 to the Exchange can now reveal. A data sourced by Business247 from the NSE revealed that...