archiveAugust 19, 2019

  Cornerstone Insurance PLC on Monday said it recorded Gross Written Premium (GPW) amounting to N11.5 billion in the 2018 financial year. The company made the claim in a statement released in Lagos by its Chairman, Mr Segun Adebanji. According to the statement, which is a prelude to the company’s...

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N358.6, while the pound sterling and the euro closed at...

  Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. As a testament to its commitment to its shareholders, the bank also...

      As petroleum marketers cry to Irona Imo State Deputy Governor, Engr. Gerald Irona, has reiterated the readiness of the administration of Chief Emeka Ihedioha to partner with critical stakeholders in making life more meaningful for people of the state. The Deputy Governor made the pledge while receiving...

  Former Senate president, Ike Ekweremadu, has advised South East leaders to feel free to travel abroad, saying his attack on Saturday by members of the outlawed IPOB did not represent the behaviour of the larger Igbo people in the diaspora. Ekweremadu said he had “moved on” and cared less...

  The Chartered Institute of Taxation of Nigeria (CITN), on Monday said multiple taxation and abuse of tax incentives were challenges impeding development of the Nigerian taxation system. Dame Gladys Olajumoke, President of the Institute, made this known at the 2nd Annual International Academic Conference on Taxation organised by the...

  The Presidency has described as “false and untrue”, reports that the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, is being investigated over poor performance. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, stated this in a statement in Abuja on...

The Nigerian equities market opened trading for the week on Monday on a positive trend due to price appreciation in high capitalised stocks. The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated by 0.71 per cent to reverse the bearish mood. Specifically, the All Share Index...

  The Federal Ministry of Industry, Trade and Investment (FMITI) says implementation of the Nigeria Industrial Policy (NIP) will improve growth, promote made in Nigeria goods and increase industrial production. Mr Edet Akpan, Permanent Secretary, FMITI, stated this at a six-day brainstorming on the “Validation of the Revised Draft Nigeria...

The Nigeria Petroleum Development Company (NPDC)/ND Western OML 34 Asset Management Team (AMT) says it has commenced the use of modern technology for effective monitoring of its facilities. Mr Sheidu Aiguedo, the company’s Manager in charge of Government, Community Relations and Security, made the assertion at a media briefing in...