OTHER BUSINESSES

An Abuja-based Pension Fund Administrator (PFA), Premium Pension Limited, has won the Africa’s Most Innovative Pension Company of the Year, 2016 award. The award was conferred on the PFA by the African Quality Institute- publishers of Quality Standard Magazine. Reacting on the award, the Managing Director of the firm, Mr....

  The global luxury brand in hotel management, Marriot will make its debut in Sub-Saharan Africa next month with the grand opening of Renaissance Hotel located in the Ikeja GRA, Lagos state. The hotel, which is the first Marriot Hotel in Sub-Africa, according to a statement by its Director of...

The National Insurance Commission (NAICOM) and 58 insurance companies in the country are currently funding the insurance rebranding project of the Nigeria's insurance industry, Business247 News Online has learnt. While NAICOM is co-funding the initiative, each of the 58 firms, it was reliably gathered, is currently donating millions of Naira...

The acting Director-General of the Bureau of Public Enterprises (BPE), Dr. Vincent Akpotaire, has advised electricity companies to borrow from foreign and local sources to improve electricity generation and distribution in the country. Akpotaire gave the advice during the commencement of the agency’s post-privatisation monitoring exercise at the Ibadan Electricity...

The President of Nigeria Gas Association (NGA), Mr. Bolaji Osunsanya and the Managing Director, Nipco Plc, Mr. Venkatapathy Venkataraman, have called for a special focus on gas to effectively harness its vast resources in the country. According to a statement from Nipco, they said that Nigeria would only be referred...

The Corporate Affairs Committee of the Nigeria Insurers Association (CAMCONIA) said the focus of its 2016 annual retreat which is the 'Impact of Public Relations on Insurance & Risk Management' could not have come at the right time, especially with a key role public relations is playing in insurance and...

Insurance brokers, under the auspices of Nigerian Council of Registered Insurance Brokers (NCRIB), have charged insurance companies in the country to be innovative in products design and delivery. Speaking on behalf of the brokers, President, NCRIB, Mr. Kayode Okunoren, said, this entails that products are going to be tailored according...

Nigerian Communications Commission (NCC) said it has discovered 41 fake and unlicensed service providers operating in the country’s telecommunications landscape. In its 2016 Q1 Compliance Monitoring and Enforcement Reports, the commission said in Lagos that there was compliance monitoring regarding the engagement of unlicensed service provider, providing internet/data access in...

Afrinvest (West Africa) Limited,  a wealth advisory firm, is set to unveil the 2016 edition of its annual Nigerian Banking Sector Report on Wednesday, 21st September, 2016 in Lagos.. Managing Director of Afrinvest Mr. Ike Chioke, revealed that this year’s report, which is the 11th edition since its inception in...

The Managing Director/Chief Executive Officer, FBNInsurance Limited, Mr Val Ojumah, has identified business opportunities for insurance in the non-oil sector in the light of current economic downturn largely brought about by crashing oil prices. Speaking at the opening session of the professional forum of the Chartered Insurance Institute of Nigeria...