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  World oil market is immensely profiting from the chaos in Nigeria as result of disruption to the nation’s output as militants have continued to blow oil installations in the Niger Delta region of the country which is the base oil production the country. According to Bloomberg’s report monitored by...

Sixteen members of staff sacked by the Nigerian Maritime Administration and Safety Agency (NIMASA) have urged the National Human Right Commission (NHRC) to intervene in their matter and ensure their reinstatement. The appointment of the aggrieved staff members were terminated by the former Director General of the agency, Mr.  Raymond...

The latest financial results of Access Bank Plc for the full year ended December 2015 indicates another improved growth in gross earnings that translate to better growth in profitability and shareholder returns on investment despite a challenging macro-economic environment. The bank with a successful Right Issue, recorded an improved growth...

A year after President Muhammadu Buhari took the oath of office, some of his policies either positively or negatively affected the insurance industry in the country. ABDUL OLALEKAN writes. By the time President Muhammadu Buhari took the oath of office on May 29, 2015, the nation's economy was heading towards...

As part of efforts of NASD to ensure transparency, integrity and investor protection on the OTC Securities Exchange, it has established a Complaint Management Framework According to the information on its website, this is aimed at managing complaints made by investors against institutions trading on its platform in line with...

Investors on the Nigerian Stock Exchange (NSE) recorded huge gains this week as equities added N648 billion  to its opening value  as the All-Share Index and Market Capitalization appreciated by 6.59 per cent and 6.58 per cent to close the week at 28,902.25 and N9.926 trillion respectively. A turnover of...

Niyi Jacobs Guaranty Trust Bank plc has been named the “2016 Most Innovative Bank in Africa” by African Banker Magazine at the prestigious African Banker Awards which took place on the sidelines of the AfDB annual meeting in Zambia recently. Now in its 10th year, The African Banker Awards is...

Niyi Jacobs The Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, disclosed that the nation’s tax revenue rate to the Nigeria Gross Domestic Product (GDP) is less than 7 percent. Speaking at the breakfast meeting for business editors and investment journalists organized by the DMO over the weekend, Nwankwo, noted...

Securities and Exchange Commission (SEC) has banned the Managing Director of BGL Securities Limited, Mr.  Albert Okumagba, ​ from further participation in capital market activities in the country for 20 years​ ​ for market rules infractions. Okumagba was banned along with Mr Peter Adebola, both of whom were in addition...

Jose Mourinho who has just been confirmed as Man United manager will earn £10m a year, three-year contract. This is double the £5m-a-year salary paid to Van Gaal, his predecessor. The former Porto, Real Madrid and Inter Milan coach, whose second spell in charge at Chelsea ended with him being...