Home Archive by category Business (Page 673)

Business

Business

Nigerian Breweries Rewards Trade Partners

To further consolidate the motivation of its trade partners, Nigeria Breweries appreciated distributors with series of rewards for their commendable performances and efforts in Lagos recently. Speaking at the event, Sales Director, Nigerian Breweries PLC, Mr. Hubert Eze, affirmed that partnership with key distributors and transporters was a major factor in the company’s
Insurance

Sanctions on ‘Untouchable’ Firms Reinforced Claims Payment – NAICOM

Fola Daniel, Commissioner for Insurance, has said that sanctions meted on two insurance companies, which hitherto were considered untouchable, compelled insurance operators to improve on claims settlements processes. Daniel, who disclosed recently in Lagos that the sanctions given two months after he took over leadership of the industry’s regulatory body, sent correct
Business

NSE Partners MSCI to Woo Investors

MSCI Inc. a global provider of investment decision support tools, and The Nigerian Stock Exchange (NSE), the stock exchange servicing the largest economy in Africa, announced a strategic cooperation agreement to develop and market on a global scale a cobranded family of indexes for the Nigerian equity markets. The Nigerian Stock Exchange (NSE) indexes are […]
Business

India Plans Pension System Overhaul

The labour ministry has started to work on a budget proposal to let employees choose between provident fund and the fledgling National Pension System (NPS), labour secretary Shankar Aggarwal said. The ministry will discuss legislative changes to this effect at a meeting with the central board of trustees (CBT) of the Employees’ Provident Fund Organisation […]
Business

Finance Ministry Empowers Graduates on Entrepreneurship

The Federal Ministry of Finance (FMF) has held three days orientation and employability training for interns and participating firms under the Graduate Internship Scheme (GIS) of the Subsidy Reinvestment and Empowerment Programme (SURE-P). According to the ministry, the training was part of efforts to reduce the current alarming rate of graduates’ unemployment in the
Business

Nigeria Hit by Reversal of Portfolio Investments

The Nigerian economy continues to be resilient against fiscal and investment instability, the latest disclosure by the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), shows that the economy has been hit by reversal of portfolio investments, resulting in a drop of Net Foreign Assets (NFA). The Monetary Policy Committee met on 23rd and […]
Economy

Finance Ministry Empowers Graduates on Entrepreneurship

The Federal Ministry of Finance (FMF) has held three days orientation and employability training for interns and participating firms under the Graduate Internship Scheme (GIS) of the Subsidy Reinvestment and Empowerment Programme (SURE-P). According to the ministry, the training was part of efforts to reduce the current alarming rate of graduates’ unemployment in the
Power & Energy

Jonathan Commissions Abia Power Plant

President Goodluck Jonathan on Tuesday commissioned the Phase I 504MW (Simple Cycle Gas) Alaoji Power Plant at Umuobasi-Ukwu, Abia State. Jonathan, who described power as key to national development, said his administration is committed to improving the nation’s power supply. According to him, the commissioning was dear to him because the project would have been […]
Agriculture Business

USAID Promises To Support Cocoa Production In Nigeria

The United States Agency for International Development (USAID) on Tuesday restated its commitment to support Nigerian farmers in boosting cocoa production towards diversification of the nation’s economy. USAID’s Director of Economic Growth and Environment, Mr Mathew Burton, said cocoa was Nigeria’s key export that urgently needed to be developed. Burton said that it was