Business news
Amaka Obiefuna Mr. Jide Orimolade, the Managing Director of Law Union & Rock Insurance Plc. on Monday said its targeting to grow its gross premium written in 2018 by 35 percent. Orimolade disclosed this during a media parley with National Association of Insurance and Pension Correspondents (NAIPCO) in Lagos that the 35 percent target is feasible . […]
Amaka Obiefuna It was an all-female affair as fifteen year old Samuella Sam-Orlu of British Nigerian Academy Abuja, emerged the overall winner of the 2017 edition of the UBA Foundation National Essay Competition, winning an educational grant of N1,000,000.00 to study in any African university of her choice, as well as a laptop. Samuella clinched the first […]
Among the 36 governors of the federation, the Enugu State governor , Ifeanyi Ugwuanyi has won the Most Efficient Governor of the Year Award by the Brand Journalists Association of Nigeria (BJAN). Governor Ifeanyi Ugwuanyi was bestowed with this honour for being an exemplary on efficient revenue utilization, infrastructure development and focus on the welfare […]
President Muhammadu Buhari on Monday said he was under tremendous pressure from some prominent Nigerians desirous of the government establishing a national carrier. He, however, stated that his position remained that Nigerians deserved to know how the nation lost its former national carrier, the Nigeria Airways. According to a statement by his Senior Special Assistant […]
Electricity distribution firms in the country have issued a notice to declare force majeure following the declaration by the Nigerian Electricity Regulatory Commission that eligible customers can purchase power directly from the generating companies. Force majeure are unexpected circumstances that can be used as an excuse to prevent a party from doing something written in […]
The Federal Government on Monday announced the pricing of its offering of $3bn dual series notes under its $4.5bn Global Medium Term Note programme. The notes, according to a statement by the Minister of Finance, Mrs. Kemi Adeosun, comprise a $1.5bn 10-year series and a $1.5bn 30-year series. She said the notes represented Nigeria’s fourth […]
The National Bureau of Statistics on Monday released the Gross Domestic Product growth rate for the country with the economy recording a 1.4 per cent increase in the third quarter of this year. This was the second consecutive positive growth since the emergence of the economy from recession in the second quarter. The NBS stated […]
Shell Companies in Nigeria (SCiN) have emerged the 2017 Best Nigerian companies in Sustainability Innovation in Africa, beating two other finalists at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility held in Lagos on Friday. Shell companies also defeated three other contestants to win as the Best Company […]
Ogun State Governor, Senator Ibikunle Amosun, will be distributing Certificates of Occupancy and other land title documents to another batch of beneficiaries under the Homeowners’ Charter. The Director-General, Bureau of Lands and Survey, Mr. Biyi Ismail, who stated this in a statement on Sunday, said the beneficiaries would collect their documents on Thursday at the […]
The Development Bank of Nigeria has said it will enter into a strategic partnership with Deposit Money Banks and microfinance banks to enable it to release more funds to the Micro, Small and Medium Enterprises sector. The Managing Director, DBN, Mr. Tony Okpanachi, disclosed this while receiving a delegation of the KFW Development Bank of […]