archiveNovember 2016

  ...Thanks Bayelsans, applauds Judiciary Bayelsa State Governor, Henry Seriake Dickson, has described the Supreme Court ruling upholding his victory in the last governorship election in the state as well deserved. According to him, the victory is a further confirmation of his overwhelming triumph at the polls. Reacting to the...

The Federal Government has reached an "outline settlement" worth $5 billion with five oil majors to cover outstanding payments for joint exploration and production, the Financial Times said on Tuesday. The OPEC member's state oil firm NNPC has over years piled up unpaid bills, so-called cash calls, that it was...

Dangote Group said on Tuesday that its investments on new projects on agriculture, sugar, oil refinery and fertilisers would create additional 250,000 employment opportunities for Nigerians when completed. According to News Agency of Nigeria (NAN) report, the projects, sited in some states, including Jigawa, Taraba, Kano and Kogi, according to...

After falling to a new low against the dollar on the official market on Tuesday, Naira rebounded on Wednesday after the Central Bank of Nigeria (CBN) pumped $1.5 million into the market to stabilise the battered currency, traders said. According to Reuters report monitored by Business247 News Online, the currency...

Democrat nominee Hillary Clinton has about a 90 percent chance of defeating Republican Donald Trump in the race for the White House, according to the final  Reuters/Ipsos States of the Nation project. Her chances are roughly similar to last week’s odds, and any upset by Trump on Tuesday depends on...

By Abdul Olalekan Continental Reinsurance Plc said it posted N17.5 billion as gross premium in its 2016 third quarter results. This, it said, represents 16 per cent growth, when compared to N15.1 billion posted in the corresponding fixture in 2015. Reacting to the development, the Group Managing Director/CEO, Dr. Femi...

  By Abdul Olalekan Participants at the just concluded training organised by the National Pension Commission (PenCom) for Insurance, Pension and Labour Correspondents and Business Editors in Calabar, Cross Rivers State, said there is low level of awareness on the Contributory Pension Scheme (CPS), calling on relevant stakeholders to improve...

  By ABDUL OLALEKAN Insurance companies in Nigeria have agreed to, henceforth, use a uniform technology to render insurance services to Nigerians. This, it was learnt, is to reduce the heavy cost most insurers incur on procurement of technology for their day to day operations. To this end, the insurance...

Nigeria's naira weakened to a record low of 375.50 to the dollar on Tuesday on the official interbank market, according to Thomson Reuters data. The currency had briefly touched a rate of 365 on Aug. 18 but then quickly reversed the losses and closed at 324 to the dollar on...

The equities market segment of Nigerian Stock Exchange (NSE) on Monday kicked-off the new week in the bearish zone, as investors on the bourse made a loss of N30 billion to profit taking  as the market capitalization shed N30 billion to close ₦9.256 trillion against previous close of ₦9.288 trillion....