Central Bank of Nigeria (CBN), has issued a new set of guidelines for banks providing bancassurance, mandating them to conduct thorough due diligence/ periodic assessment on selection of insurance partners, which must hold valid operational license from National Insurance Commission (NAICOM).
Business
With the right investments in place The United Nations Population Fund (UNFPA) has predicted a 500 billion dollars yield over the next 30 years, for Sub-Sahara Africa through its demographic endowment. The fund stressed that this was achievable if public policies were appropriately implemented by respective governments. The prediction was contained in a statement issued by
Bombardier Commercial Aircraft announced on Tuesday that Arik Air of Lagos, Nigeria has placed the first dual-class CRJ1000 NextGen aircraft configured with three-abreast business- class seating into service in West Africa. The statement disclosed that Arik Air will use the CRJ1000 NextGen aircraft to increase network service on its most popular business routes in West
The Federal Airport Authority of Nigeria (FAAN) has commenced investigations into the fire incident that caused a stir among travelers and others at the “E” arrival wing of the International terminal of the Murtala Muhammed International Airport, Lagos at about 1.13pm Wednesday. The smoke was quickly traced to some offices at the E wing on […]
Capital market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have indicated readiness to work with the federal government in ensuring the establishment of viable community exchanges. Speaking Tuesday, at the ‘Press Conference of G 29 under
Microsoft 4Afrika has launched an online hub for Kenyan small and medium enterprises (SMEs) at the Connected East Africa Summit to access locally relevant information and resources to promote SMEs and improve trade. Biz4Afrika is an Africa-wide network of SMEs designed to enable a sustainable and connected community of entrepreneurs that will have a meaningful […]
Effective Wednesday 1, April 2015, the reviewed Nigerian Stock Exchange Lotus Islamic Index (NSE LII) will reflect the performance of Mobil Oil Nigeria Plc., while it will no longer contain information on AshakaCem, following recent developments that leading to the merger between the latter and Larfarge Cement Plc. A statement from the Exchange explained that […]
The council of the Lagos Chamber of Commerce and Industry (LCCI), Wednesday rose from an extraordinary meeting to congratulate key actors in the just concluded presidential polls and also itemised the key expectations for the incoming president. Under the Chairmanship of its President, Alhaji Remi Bello, the LCCI council deliberated on the outcome of the […]
To further consolidate on its motivation scheme, Lafarge Africa Plc rewarded distributors, staff among others with valuable prizes including cars, cash and electronical appliances at the 2014 Partners Award recently in Lagos. Speaking at the event, Chairman, Lafarge Africa Plc, Chief Olusegun Osunkeye described the ceremony, which was the 10th edition, as a rewarding
The Bauchi State Council of the Nigeria Union of Journalists (NUJ) said it constituted a seven man standing committee for the safety of journalists during and after the elections. The council Chairman, Dahiru Mohammed, made this known to newsmen in Bauchi. Mohammed said the committee would ensure that the security of journalists were safeguarded at […]
Mr. Chef, one of Nigeria’s food seasoning brands, has spiced up the lives of three of its key distributors in the North Central Zone by rewarding them with brand new cars for the loyalty they have shown towards building the Mr. Chef seasoning cubes business. Two distributors, Alhaji Surajo Mai Yahi and Alhaji Abubakar Mahali […]
Fears that introduction of one million barrels of Iranian oil into the already saturated crude market would force further depression of oil price, peaked Tuesday – the self-imposed deadline by involved parties for a deal to lift sanctions on Iran. The marathon negotiations have been going on for some time now between Iran and foreign […]
Chemical and Allied Products (CAP) Plc, makers of Dulux brand of premium paint, a subsidiary of UACN Plc group and the technological licensee of Akzo Nobel has named ‘Copper Orange’ as the2015 Colour of the Year. Delivering his keynote address at the unveiling ceremony recently in Lagos, the Group Managing Director, UAC of Nigeria Plc, […]
The investment potentials of the $300m Aba Mega Mall (AMM) , literally got investors who gathered at a London road show on Monday, March 23, salivating and itching for a piece of the action. Apart from the promised returns of about seven per cent on investments outlined by AMM’s Managing Director, Paul Obanua, the regeneration […]
Prof Jere Bala, the Director-General of the Energy Commission of Nigeria (ECN) has revealed that solar electricity generation has reached 28 megawatts. Bala disclosed this in Abuja, adding that Nigeria had started integrating some of the alternative energy sources, like the penetration of solar energy into energy supply in the country. “A lot of solar […]
The Nigerian National Summit Group, NNSG, has commended Nigerians for active participation in Saturday’s Presidential and National Assembly polls. In the same vein, the Lagos State Independent Electoral Commission, LASIEC, also described the elections as impressive and innovative. LASIEC said that the use of the card readers for the elections was very
Representatives of trade union centres from G7 countries, international trade union organisations, the German government, business investors, NGOs and the OECD have met to get answers on how to ensure effective implementation of labour rights in global supply chains through shared responsibility. At the meeting with the German Chancellor, Angela Merkel, trade union
Hundreds of people, mostly young activists, took to the streets in the Portuguese capital, protest against poor working conditions. The protests, organized by Interjovem, a young workers’ trade union and the country’s largest workers’ trade union CGTP, took place at a square in downtown Lisbon. “One thing is pockets full, another is empty
The Trade Union Congress of Nigeria, TUC, Bayelsa chapter, has said that only Nigerians can sustain democracy in the country by their collective resolve. The chairman of the congress, Mr. Tari Dounana, in Yenagoa, has urged politicians to play politics by the rules of the game. Dounana said that the 16-year-old democratic rule had been […]
Yam (Discorea spp), a tropical perennial crop cultivated mainly for its edible tubers is a staple food consumed worldwide and provides much economic benefit to the producers. Yam (Discorea species) can also be described as an annual or perennial tuber-bearing and climbing plants belonging to the family of Diocoreceae. In Nigeria, yam is eaten boiled, […]
