OTHER BUSINESSES

Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. According to Reuters’ report monitored by Business247 News Online, scepticism about any deal being reached has prompted money...

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...

Africa is a continent where cooking is portrayed to be a highly specialized area of expertise which was (and still is) well handled by mothers and grandmothers. Growing up in a typical African (Nigerian) household, “African food” is all I know (and by “know”, I mean can compete for). Talk...

South Africa's MTN denied it paid a bribe to Nigerian officials to reduce its fine to 330 billion naira ($1.05 billion) as part of settling a dispute over disconnecting unregistered SIM cards in the West African country. MTN said in a statement on Friday that there had been allegations that...

Royal Exchange Insurance Plc said it generated a gross written premium of N10.79 billion in its 2015 financial year end, showing a 14 per cent increase compared to N9.43 billion posted in 2014 financial year, even as it promised to leverage on micro-insurance to capture more Nigerians in the grassroots....

The Chairman/CEO, Boff & Company Insurance Brokers Limited, Mr. Babajide Olatunde-Agbeja, said it is high time the Federal Government supported the implementation of the compulsory insurances with punitive measures against the erring members of the public, saying, since these insurances came into place, most Nigerians are taking them for granted...

The National Insurance Commission (NAICOM) has urged shareholders of insurance companies in the country to always appoint professionals and people of integrity as directors, saying most appointments done in the past, especially by shareholders of the quoted underwriting firms, show little concern for professionalism. The wrong choice of directors, according...

      Plans to turn it around, not just ‘business as usual’ President of Dangote Group, Alhaji Aliko Dangote, Africa’s richest man, has re-echoed his plans to buy London-based Arsenal soccer team within four years. Dangote, a Nigerian worth $10.9 billion, according to the Bloomberg Billionaires Index, announced his intention...