Business

New President of the Nigerian Council of Registered Insurance Brokers NCRIB, Mr. Shola Tinubu has said that his tenure will make  the insurance broking profession stand tall anywhere in the world, even as he drawn a ten year agenda to ensure his tenure leave behind a secure institution to upcoming generation. Addressing the press recently, he said “Prior to the investiture …

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Diamond Bank Plc, one of Nigeria’s fastest growing retail bank has concluded plans to sell its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity. The bank said operations to be given up includes Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote d’Ivoire-based financial services holding company. According to an electronic …

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Ecobank Nigeria senior staff last week embarked on tutoring students in various secondary schools across the country on various ways of savings to mark the 2017 World Savings Day. At Government Girls Unity College, Damaturu, Yobe State, the Managing Director of the Bank, Mr. Charles Kie who was speaking on the theme: “Our future starts with savings”, emphasized the need for students and youths to imbibe …

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The Nigeria Customs Service will soon adopt a new initiative, Authorised Economic Operator programme (AEO) to plug the loopholes exploited by unscrupulous people engaged in the importation of light weapons and other prohibited products. The AEO is a programme introduced by the World Customs Organisation in conjunction with National Customs Administration to facilitate safe and secure trade across international borders. …

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Importers may be taking delivery of goods cleared at Lagos ports at Papalanto in Ogun State as the federal government plans to move goods by rail away from the ports to the facility in Ogun State. The plan is hinged on the rehabilitation and reactivation of the rail lines at the quay side of the ports to Papalanto. However, only …

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Following the flag-off of oil search on the Nasarawa  State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has commenced move to mobilize for oil exploration in the Benue State sector of the Benue Trough. The Group Managing Director of NNPC, Dr. Maikanti Kacalla Baru, who led a high-powered delegation from the Corporation to the …

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The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts (MW) through the completion of its Okpai Phase II Independent Power Project (IPP) by 2019. This was disclosed in Abuja on Thursday during the inauguration of the Okpai Phase II power project …

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Photo Caption: Head, International Primary Markets, The Nigerian Stock Exchange (NSE), Oluwafemi Onifade; Acting Head, Strategy, NSE, Okon Onuntuei; Acting Head, Corporate Services Division, NSE, Pai Gamde; CEO, NSE, Oscar Onyema; Executive Secretary/ CEO, Nigerian Shippers Council, Hassan Bello; Chief Financial Officer, NSE, Cyril Eigbogbo; and Head, Domestic Primary Markets, NSE, Tony Ibeziako at the Closing Gong Ceremony on Thursday.

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The Nigerian Communications Commission NCC, has signed a Memorandum of Understanding with the Central Bank of Nigeria to enable digital mobile operators incorporate Special Purpose Vehicles to offer mobile money services. The Executive Vice Chairman, NCC, Prof. Umaru Danbatta, stated this while hosting the United Nations Secretary General’s Special Advocate for Financial Inclusion for Development, Queen Maxima of the Netherlands, …

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The Voluntary Assets and Income Declaration Scheme has collected data of over five million corporate organisations and individuals in the country. This was disclosed in a statement issued by the VAIDS Office in the Federal Ministry of Finance on Wednesday. According to the statement, data collected will be subjected to further analysis to ensure that all unpaid taxes are tracked …

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