Standard Alliance Insurance said it has paid N8.2 billion as claims between 2015 and first quarter of 2017 to holders of the company’s policy products, just as it said that plans are underway to raise capital from the capital market. Addressing the stock market community on Tuesday during the company’s Fact Behind the Figures, the Chief Executive Officer, Mr. Bode …

Read More »

The Nigerian National Petroleum Corporation (NNPC), has carried out a major shakeup of top executives across the value chain of its operations. Ndu Ughamadu,Group General Manager, Public Affairs Division, announced the shakeup in a statement on Tuesday. According to the statement, the appointments and deployments has given the Oil giant a fresh impetus. Complete text of the statement reads: “The …

Read More »

Photo Caption: From Left: Nkeiruka Uzoechi, Deputy General Manager, Human Capital Management/Legal, Standard Alliance Insurance Plc; Uruemu-esiri Oghen, Company Secretary, Standard Alliance Insurance Plc; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Bode Akinboye Group Managing Director/Chief Executive Officer, Standard Alliance Insurance Plc; Bolaji Oladipo, Executive Director, Technical, Standard Alliance Insurance Plc; Aniete Udo, Standard Alliance …

Read More »

Access Bank Plc has announced the final redemption of the $350,000,000.00 Eurobond Notes due July 25, 2017.    The Securities were issued in 2012 by Access Finance B.V. – a direct, wholly owned subsidiary of the Bank – on the back of an unconditional and irrevocable guarantee of the Bank. In October 2016, holders of $113 Million of this note elected to exchange same for a new …

Read More »

The Federal Government has declared Friday, 1st and Monday 4th September, 2017 as Public Holidays to mark Eid-il-Kabir celebration. This was contained in a statement issued Monday in Abuja and signed by Director Overseeing the Office of the Permanent Secretary DOOPS, Dr Rufa’i Kawu Attahiru. In the statement, Minister of Interior, Abdulrahman Bello Dambazau, who made the declaration on behalf …

Read More »

The Fiscal Responsibility Commission has said that the Federal Government withdrew the sum of N359.39 billion from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015. The FRC position is contained in a report on the Excess Crude Account obtained by Punch in Abuja on Monday. According to the FRC, the withdrawal of …

Read More »

Folake Sokoya The Imo State Police Command said, its attention has been drawn to the unwholesome circulation of deliberate falsehood and hate speeches on the social media by some misguided individuals on the event of the relocation of Eke Ukwu Owerri Market and the cleanup of Douglas road, Owerri carried out by the State Government. The State Police command said …

Read More »

Law Union & Rock Insurance has recorded gross premium income of N2.7 million  for the half year ended 30th June 2017. This showed an increase of 17 per cent when compared with N2.3 million recorded in the comparable period of 2016. The company’s profit after tax equally grew by four per cent in second quarter from N307, 334 in the …

Read More »

Olabode Adaramola The Special Tactical Squad of the Inspector General of Police, Alhaji Ibrahim Kpotun Idris, attached to Abuja-Minna Highways, for sustained monitoring ,  has smashed a syndicate which specialized in beheading their victims for ritual purposes in parts of  Niger State . This was following the arrest of two notorious ritualists,  Abdulrashed Aminu(22-year old)and Ismaila Mohammed (27-year old) in …

Read More »

The Nigerian Stock Exchange (NSE) on Monday August 28, 2017 formally launched its state of the art data center in Lagos. The new data center according to the Chief Executive Officer of the NSE Osacr Onyema cost N500 million. Addressing stockbrokers at the exchange, the minister of Science and Technology Dr Ogbonnaya Onu who commissioned the center, commended the management …

Read More »