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Day: January 19, 2018

Royal Exchange Prudential Life Strategizes Towards Improved Financial Performance

Royal Exchange Prudential Life Assurance (REPLA) has been urged to focus on customer service excellence, among other major initiatives, in its quest for market leadership and enhance the company’s status as a dominant player in the life insurance industry in the next three years. This statement was made by Alhaji Auwalu Muktari, Group Managing Director, […]

NIPOST restructuring’ll not lead to job losses – BPE

The restructuring and modernisation of the Nigerian Postal Service will not lead to job losses, the Director-General of the Bureau of Public Enterprises, Mr. Alex Okoh, has said. According to a statement issued by Head of Public Communication, BPE, Mr. Chukwuma Nwokoh, in Abuja on Thursday, Okoh gave the assurance at a meeting between the […]

Nigerian firm, global trader in $530m oilfield deal

The world’s biggest oil trading firm, Vitol Group, had reached a $530m deal with a Nigerian oil and gas producer, Shoreline Group, to finance an oilfield in exchange for access to some of the oil it produces, the Nigerian firm said on Thursday. The agreement with Shoreline, finalised on Thursday, will provide the company with […]

Study govt policies, LCCI advises SMEs

The Lagos Chamber of Commerce and Industry has urged operators in the Small and Medium-scale Enterprises sector of the economy to study the various government policies regarding their business and acquaint themselves with their benefits. The President, LCCI, Mr. Babatunde Ruwase, said the move would help the SMEs to remain profitable and break new market […]

FG sues JP Morgan for $875m over Malabu oilfield deal

The Federal Government has filed a claim against a United States lender, JP Morgan Chase, for more than $875m, accusing the bank of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by a former Nigerian minister of petroleum resources. According to a Reuters’ report, a spokeswoman for JP Morgan […]

SEC extends free e-dividend registration till Feb 28

The apex regulator of the Nigerian capital market, the Securities and Exchange Commission has announced an extension of the period for the free e-Dividend registration exercise till February 28, 2018. This move is aimed at encouraging more shareholders to mandate their bank accounts. The SEC said on Thursday that in reviewing the progress of the […]