Business

The Federal Government, through the National Insurance Commission, plans to introduce a new classification policy in the industry, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Muhammad Kari, has said. Kari stated this at an executive breakfast meeting organised by the Society for Corporate Governance Nigeria, in Lagos on Wednesday. According to him, under the planned policy, …

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The Central Bank of Nigeria (CBN) is wooing local businesses importing goods from China to use the yuan instead of the US dollar in its effort to support its naira currency and boost reserves. To this end, central bank officials Wednesday held a town hall meeting with businesses in Lagos to introduce the yuan for imports from China ahead of …

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Ecobank, the leading pan-African bank focused on transforming the banking landscape through its ground-breaking digital innovations, sponsored the launch of the French Season of African Cultures 2020 in Lagos, Nigeria. The event was attended by Emmanuel Macron, President of France, who was fulsome in his praise for Africa’s culture and its creative industries. The event, entitled ‘A Celebration of African …

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The Nigeria Insurers Association (NIA) said it secured a tax refund of over N1 billion and realised a total of N500 million as contributions from all its members in 2017. The immediate past Chairman of the association, Eddie Efekoha, disclosed the figures during his valedictory speech to the media. Efekoha, who is the Managing Director of Consolidated Hallmark Insurance Plc …

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The jump of 64 per cent in financing cost affected the profitability of Honeywell Flour Mills Plc(HFMP) for the year ended March 31, 2018. Although the company recorded a growth of 34 per cent in revenue, it ended the year with a marginal growth of 2.8 per cent in profit after tax. However, the board of directors recommended a dividend …

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No fewer than 4,000 farmers in Bauchi State will benefit from the state Agricultural Entrepreneurship Development Programme. The state Governor, Muhammad Abdullahi Abubukar, who disclosed this Wednesday at the distribution of tractors and farm implements held at BSADP headquarters, Bauchi, said the programme was initiated to boost farming in the state in order to enable farmers improve their economic status. According to …

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An Igando Customary Court in Lagos Wednesday dissolved the 10-year marriage between Mrs Florence Anyasi and her husband, Stanley Anyasi, over infidelity. The court president, Mr Akin Akinniyi, while delivering the judgment said that all efforts to reconcile the couple had failed. “Since both parties consented to the dissolution of their marriage, this court has no choice than to dissolve the marriage. …

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The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation hosted a five-member delegation from DPFU who arrived the country to understudy the activities of the Corporation. The NDIC has been the destination of choice for several sister agencies …

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By Amos Okioma Stakeholders Alliance for Corporate Accountability, SACA, an organization based in Yenagoa has called on multi-national oil companies operating in the Niger Delta to adopt best global practices in their operations. A representative of the organization and a Missionary attaché to the Irish Embassy in Nigeria, Father Kevin O’Hara, made the call when he visited the Bayelsa State …

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The Management of BusinessToday Communication, owners of BusinessToday Online and BusinessToday Magazine, has released the names of nominees for the 2017 BusinessToday Online Insurance and Pension industry awards. A statement by its Editor, Nkechi Naeche, said the awards presentation is billed to hold 28th August 2018 at Sheraton Hotels Ikeja in Lagos. She said the yearly award, which in its …

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