archiveAugust 2016

Leadway Assurance Company Limited has partnered with Total Nigeria Plc to provide Third Party Motor Insurance to motorists across the country. Speaking at the signing of the partnership agreement in Maryland, Lagos today, the Managing Director/CEO, Leadway Assurance Company Limited, Mr. Oye Hassan-Odukale, said the partnership was to deepen insurance...

The Lagos State Government has paid a sum of N919 million pension entitlement to 180 retirees who retired from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and Pension Office (TEPO) and other parastatals of the state. The N918.7 million was paid as August...

The Nigerian equities market reversed previous day’s losses on account of a 0.48 per cent growth in lead indicators of the Nigerian Stock Exchange on Tuesday. The equities market which closed with 17 gainers against 19 losers, recorded improvement as The Nigerian Stock Exchange (NSE); All Share Index (ASI) added...

Heritage Bank Plc has announced the appointment of Mr. Adewunmi Ogunsanya, a Senior Advocate of Nigeria (SAN), as a non-executive director for the lender. According to a press statement from the bank, the move is consistent with Heritage Bank’s corporate governance, efficiency, and sustainability outlook, enabling the bank to take...

The external reserves of the country, which have been downs for some time, received some strength as they rose by $595 million in five days to $26.196 billion on Monday. This represents an increase of 2.26 per cent, compared with $25.601 billion it was as of August 24, 2016. According...

Federal Government retained revenue for the second quarter of this year stood at N677.88 billion, the Central Bank of Nigeria (CBN) Economic Report for the second quarter released on Monday said. According to the report, the figure is above the receipts in the preceding quarter by 34.2 per cent, but...

The Nigerian Stock Exchange (NSE) has implemented a strong regulatory environment to protect investors against infractions while enhancing investor confidence in the market even as it has developed and revised enforceable rules for Dealing Members and Issuers, and signed an MOU with Economic and Financial Crimes Commission (EFCC) to increase...

The Nigerian equities market began the week on a negative note on Monday declining by 0.30 per cent compared to a gain of 0.26 per cent recorded on Friday. The Market Capitalization of the Nigerian Stock Exchange (NSE) also dropped by N28 billion to close at N9.399 trillion compared to...

Governor Seriake Dickson of Bayelsa State on Monday condoled with Chief Brown Etonye and his family over the death of his son, Pastor Barr. Tamarakuro Etonye at his residence in Port Harcourt, Rivers State, describing it as sudden and unfortunate, The deceased is survived by wife, children, an aged father...

As part of strategic business repositioning drive, Lekki Garden Limited, Nigeria’s leading Real Estate development company has appointed Integrated Indigo Limited as Public Relations consultant. With this appointment, Integrated Indigo Limited is saddled with the responsibility of managing perception and reputation for the company to ensure that the company maintains...