archiveOctober 2016

There is a minor shakeup in the National Insurance Commission (NAICOM) has some directors have been redeployed to new portfolios in a minor reorganisation and rotation of heads of directorate in the commission. A statement from the Head, Corporate Affairs, NAICOM, Mr. Rasaaq Salaami, and made available to Business247 News...

The Chairman, Nigeria Economic Summit Group (NESG) Board Committee, Dr. Adedoyin Salami, has  said that for  ‘made-in-Nigeria ‘  to succeed, the task must not be left  to the Federal Government alone but must be embraced by all. Speaking on Monday at the opening of the 22nd edition of the Nigeria...

A former governor of Kogi State, Capt. Idris Ichalla Wada, on Monday added a fresh twist to the recent arrest of some Judges, alleging that the outcome of the 2015 Governorship Election Petition in the state was commercialised. While describing the arrest of some members of the Bench by operatives...

Equity market started the week on a positive note, having recorded a growth of 0.32 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to close at 27,925.00 basis points on Monday. Investors gained N30.8 billion as market capitalization closed at N9.591 trillion in contrast to N9.561 trillion...

Nigeria Customs Service (NCS), Seme Border Command has seized 76 vehicles from smugglers in the last one month. Also the command has generated N1.129 billion revenue in September, 2016. The spokesman of the command, Mr Selechang Taupyen, said in a statement in Lagos that the amount generated surpassed the N833.8...

Norwegian Seafood Council (NSC) Director, Mr. Trond Kostveit, has said that importation of stock fish to Nigeria from Norway has dropped from $1billion by half since 2015. The Director, Central and West Africa explained  at the stakeholders meeting organised for seafood importers by the Norwegian Seafood Council in Lagos  that...

The Steel and Engineering Workers’ Union of Nigeria (SEWUN) has said the sector is gradually dying due to scarcity of forex to import the needed raw materials. Speaking at the Union 2016 Annual Industrial Relations Workshop in Benin, Edo State, the President of the Union, Mr. Elijah Adigun said there...

Philip Morris International (PMI), with operations in 181 countries, has finalized plans to commence manufacturing in Nigeria before the end of 2016. This investment comes in less than two years of their starting operations in Nigeria and clearly indicates the confidence the company has in the Nigerian economy. Upon its...

Insurance industry loses N60bn yearly on it Motorists ignorant of its benefits Nigeria's insurance industry is losing N60 billion on a yearly basis as only 25 per cent of vehicles on Nigerian roads have genuine 3rd party motor insurance policy, Business247 News Online has learnt. This is aside hundreds of...

  . World Bank, others set to release $1.3bn funding for Nigeria’s Devt Bank . Japan Agency to invest in Nigeria’s agro fisheries sector As the curtains were drawn on the 2016 annual meeting of the International Monetary Fund (IMF)/World Bank, in Washington DC, United States of America on Sunday,...