OTHER BUSINESSES

By ABDUL OLALEKAN The National Insurance Commission (NAICOM) has written to the Federal Ministry of Labour & Employment, urging it to intervene in the ongoing industrial action embarked upon by the staff of the commission. The protesting staff, under the auspices of the Amalgamated Union of Public Corporations, Civil Service,...

…..It will create jobs for youths, says Dickson Efforts to diversify the Bayelsa State economy beyond oil and gas is on course, with the State Government establishing an aqua-culture village, accommodating over 500 fish ponds, situated at Igbogene in the outskirts of the state capital. Speaking with journalist on Tuesday,...

Nigerian Shippers’ Council (NSC) has said that its Port Service Support Portal (PSSP) would not attract any fee. The council’s Deputy Director, Information and Communication Technology (ICT), Mr. Sunday Babafemi explained that the PSSP would only accommodate complaints from stakeholders. He urged the public to embrace the platform by using...

By Nkem Ndem The bustling city of Lagos is populous with the highest concentration of movie, music, television, theatre, and sports celebrities of any city in Nigeria. From film and television shoots on the streets, to star-studded events at event centres and glitzy clubs a trip to Lagos would not...

The Association of Nigeria Licensed Customs Agents (ANLCA) has decided to support the collection of Ports Practising Fees (POF) at the nation’s sea ports by the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN). The issues has generated crisis before now, and has led to litigation in a...

Nigeria's economy can expand by 2.5 per cent next year, rebounding from a recession entered in the second quarter, as long it can keep oil output at 2.2 million barrels per day, a senior Moody's analyst said. Reuters report monitored by Business247 News Online said. Africa's largest economy faces its...

By ABDUL OLALEKAN Insurance industry in the country is losing about N40 billion on a yearly basis to an estimated 8 million tricycles and motorcycles who ply Nigerian roads without genuine insurance cover, Business247 News Online investigations have revealed. Since 2010, there has been an influx of tricycles, popularly known...

By ABDUL OLALEKAN Consolidated Hallmark Insurance Plc posted a Gross Premium Income of N4.84 billion in its third quarter,2016 as against N4.65 billion posted in the corresponding period in 2015, representing a marginal rise of 5 per cent. The Total Assets of the insurance firm also grew from N 6.96...

Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has said that the fund would be utilised for the development of Lagos-Kano rail line and rail lines connecting the South and South-east parts of the country. Enelamah who said this on Thursday said that infrastructure development has attracted the highest...

Amount to be settled through crude oil sales over five years Agreement is less than the $6.8 billion previously discussed Nigeria has reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs. According to Bloomberg, the amount,...