archiveSeptember 18, 2016

The National Hajj Commission of Nigeria (NAHCON) has said that 18 Nigerian pilgrims who took part in this year’s Hajj in Saudi Arabia for 2016 died. This increased in the number of deaths among the pilgrims from 10, which was recorded as of Arafat day. The Head of NAHCON’s medical...

The Africa Finance Corporation (AFC), a development-finance institution that funds infrastructure on the continent, plans to sell more Eurobonds to support energy-generation and logistics projects. The Lagos, Nigeria-based lender, which has financed projects in 26 African countries, plans to borrow more offshore in its $1.5 billion funding strategy after raising...

Insurance companies and motorists in Ogun State are lamenting the monopoly of the third party motor insurance policy being issued to motorists in the state by the state government, which they said contravenes the National Insurance Commission (NAICOM) policy. The umbrella body of the companies alleged that the state government...

  Praises CBN’s Anchor Borrowers’ Scheme Banks’ deposits are mainly short-term in nature and lending such funds to customers for long-term can lead to asset mismatch, Managing Director/CEO, Fidelity Bank Plc, Namdi Okonkwo has said. The bank chief who spoke at the 2016 Annual Conference of the Finance Correspondents Association...

  29 people injured, one in  serious condition An explosion rocked the Chelsea neighbourhood of Manhattan on Saturday night, injuring at least 29 people, authorities said, adding that they were investigating the blast as a criminal act not immediately linked to any terror organization. United States of America (USA) is...