archiveJune 2016

ABDUL-KHALIQ OLALEKAN Insurance operators across the country expect the industry to generate more premium, especially, from Marine and Aviation sectors in the coming months, through the new flexible forex regime of the Central Bank of Nigeria (CBN). As the case in aviation and Marine sector, 70 to 75 per cent...

A new Managing Director, Mr. Boss Gida Mustapha, has been appointed for National Inland Waterways Authority (NIWA) by President Muhammadu Buhari. The appointment was announced by the Secretary to the Government of the Federation (SGF) Babachir David Lawal in a statement signed by the Director Press Mr. Bolaji Adebiyi. The...

It seems time to laugh has come back on the Nigerian Stock Exchange (NSE) as investors  have continued aggressively to recoup losses they had made for quite some time as they collectively made a gain of  N324 billion on Thursday. They also made N242 billion on Wednesday even as they...

By Niyi Olaoye The new President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Mr Segun Ajibola, has said that his administration would focus on a special platform through which the identified skills and knowledge gaps of industry practitioners at all levels can be bridged and to enhance the...

Niyi Olaoye Executive Secretary/Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN),Mr. Obazee Jim Osayande says that the Federal Government’s decision to adopt a National Code of Corporate Governance (NCCG) is simply all about ‘change’ in financial reportage. Jim Osayande who spoke today at the Council’s final public hearing on...

As Nigeria moves to salvage its struggling currency, the naira, Economist, Dr. Ebo Tuckson has warned that the move could affect Ghana in the export of competitive products. Nigeria, which is Africa’s most populated nation, announced that it will allow its currency to trade freely in a move to tackle...

Chairman, Senate Committee on Communications, Senator Gilbert Nnaji on Thursday at plenary said that the Committee has discovered, in the course of its investigation into a fine of N1.04 trillion slammed on MTN, that the Attorney-General and the Accountant-General of the Federation have secretly struck a deal with a view...

The National Association of Aircraft Pilots And Engineers (NAAPE)  has claimed that some of the money given to airlines like Air Nigeria from AFRIEXIM were diverted to other businesses while airlines like Aero contractors that were meant to get money for buying new aircrafts only got the interest of existing...

By ABDUL-KHALIQ OLALEKAN The 58 Insurance firms across the country have promised not to retrench any of their staff members in a bid to cope with the current financial crisis affecting all sectors of the nation's economy of which insurance is one. The operators, who spoke to under the auspices...

The Federal High Court in Lagos has dismissed the claim by the suspended Nigerian Maritime Administration and Safety Agency (NIMASA), Executive Director, Maritime Safety and Shipping Development, Captain Ezekiel Agaba, that the Economic and Financial Crimes Commission (EFCC) forced him to make a statement against his will. In a ruling...