OTHER BUSINESSES

  By Abdul Olalekan Insurance stakeholders, comprising of insurance industry's regulators and operators, are expected to converge at the 2nd edition of Business Journal Insurance Summit 2016 scheduled for November 17, 2016 in Lagos, to proffer solutions to challenges facing the insurance industry in the country. A statement by Publisher/Editor-in-Chief...

The eastern part of Nigeria, largely dominated by people from the Igbo tribe, is a unique place to visit or live in.  Aside from serene environs stretched over the area and the generally low cost of living, there is a profound exhibition of culture and deep respect for customs and...

MTN Group has become the first mobile operator in the world to deploy and test the open optical packet transport platform, known as Voyager, after joining the Telecom Infra Project (TIP) earlier this year. According to a statement from the leading telecommunication company, the TIP initiative, which was launched in...

Globacom has said that its Glo 4G LTE service has continued to expand across the country with the connection of additional 16 locations. According to Globacom,the new locations where the network could be found are the Federal Capital Territory, Lagos, Ogun and Rivers states. “Locations such as Ikeja, Oregun, Opebi,...

Nigeria's largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing (BA.N), a source at the company told Reuters on Monday. Most of the carrier's existing fleet are Boeing planes and the source, who did...

Organisation of Petroleum Exporting Country's (OPEC) oil output is likely to set another record high in October, a Reuters’ survey found on Monday, as Nigerian and Libyan output partially recovered from disruptions and Iraq boosted exports. The rise in output could add to scepticism about OPEC's ability to finalize a...

Stakeholders in the Nigeria Mining sector have called on the Federal Government to increase funding of the solid minerals sector if Nigeria is to successfully achieve economic diversification and reap from its enormous mineral resource endowments. This call was made in Abuja at the recently concluded Nigeria Mining Week organised...

Shareholders may have to wait until insurance companies clear their negative reserves, before they can declare dividend. Following the capital market crisis in the country in 2008, most underwriters who had invested heavily in equities have their accounts in negative, while the share value of insurance stocks, alongside other listed...

Former President of Nigeria, Chief Olusegun Obasanjo, has made an order for made in Aba shoes. Obasanjo  made the order through the Chief Marketing Officer of Made-in-Aba Product, Governor Okezie Ikpeazu during the 2016 Tony Elumelu Entrepreneurship Forum in Lagos. While making his speech at the event, the Abia State...

The National Insurance Commission(NAICOM) is seeking the support of Gombe State Government on implementation and enforcement of five compulsory insurance policies in the country, especially, as the second phase of the Market Development and Restructuring Initiative (MDRI) is about to take off. The insurance policies include; Motor Vehicle (Third Party)...