archiveSeptember 2016

Following allegations from some aggrieved insurance operators, claiming the Commissioner for Insurance, Alhaji Mohammed Kari, has no insurance qualifications, hence, should not have been appointed to regulate the industry, the Chartered Insurance Institute of Nigeria (CIIN), has now faulted the allegations, noting that Kari has the needed insurance qualifications to...

The Chairman, Susman & Associates, Dr. Shamsuddeen Usman, said insurance industry in the country has a lot of opportunities and potentials yet to be tapped into, suggesting ways to capitalise on the enormous potentials to grow the industry. Usman, while speaking at the 2nd edition of the Executive Breakfast Meeting...

The Risk Managers Society of Nigeria (RIMSON), is set t launch a book on 'Risk Management and Other Professions' in Lagos next early October. The book authored by Engineer Jacob Adeosun of RIMSON focuses on the pivotal place of risk management for the survival of government and enterprises. A statement...

In order to effectively confront the humanitarian challenges in the North-East, President Muhammadu Buhari has established an inter-ministerial task force to coordinate the response and work with humanitarian agencies to support the governments and other structures in the affected states in the region. According to the Senior Special Assistant to...

The United States announced today more than $41 million in additional humanitarian assistance to people affected by the ongoing conflict and severe food insecurity in Nigeria and throughout the Lake Chad Basin region, where more than 6 million people need emergency food assistance, and 2.6 million people are displaced. According...

  Seeks support of Nigerian professionals abroad President Muhammadu Buhari has explained to Nigerian professionals in America how and why the Nigeria economy got into trouble. The professionals, including top flight aeronautics engineers, physicians, I.T experts, a Judge, a top policewoman, entrepreneurs, an Import Specialist at Customs and Border Protection,...

The interbank lending rate eased to around 15 per cent on Friday, down from nearly 40 per cent for overnight lending a week ago, as the disbursal of August budget allocations to government agencies boosted market liquidity. According to Reuters report monitored by Business247 News Online, overall, the market had...

Trading in equities on the Nigerian Stock Exchange (NSE) closed on a positive note on Friday as investors gained N28 billion. The market capitalisation closed at N9.703 trillion from N9.675 trillion on Thursday. NSE All Share Index (NSE ASI) recovered from previous trading session’s relapse with a growth of 0.29...

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has said that Federal Government should notsign the West Africa-EU Economic Partnership Agreement until the country’s infrastructure and productive capacity has improved such that exports would benefit from the agreement and output from the sensitive sectors would be able...

A day after securing victory at the Abuja Division of the Court of Appeal over his rival, Timipre Sylva as winner of the last governorship election, Bayelsa State governor, Henry Seriake Dickson, has been blessed with quadruplets. The season of celebrations continues as his wife, Dr. Rachael Dickson was delivered...