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Month: September 2023

Take Currency Swap Seriously, Reduce Reliance On Dollars—-Economist Urges CBN

An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China (PBoC) to reduce reliance on dollars for trade. Ekpo, a former Director-General of West African Institute for Financial and Economic Management (WAIFEM), gave the advice while speaking with the News […]

FG Issues Illegal Miners 30-Day Ultimatum, To Review Licenses

The Federal Government has issued a 30-day ultimatum to illegal miners to desist from such activities in the country. Speaking during a press conference in Abuja on Sunday, the Minister of Solid Minerals Development, Dele Alake, explained that all efforts to formalize unliscensed miners into cooperatives have proved abortive. He further stated that the ministry […]

Sanlam Drives Uptake of Motor Insurance with New Sales Outlet

Sanlam General Insurance, a subsidiary of Sanlam Life Insurance and member of the Sanlam Pan African group, has opened a new Sales Outlet at 2, Wemco Road, Agidingbi, Ikeja to particularly aid ease of access to her motor insurance plans. This is in addition to various channels by which the firm’s products can be purchased without stress. […]

Heirs Insurance Group Records N20bn GWP ln 2022 

Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), has  announced a record-high 226% jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9bn for the financial year ended December 31, 2022. With the strong performance sustained in its second year of operations, Heirs Insurance Group has become the […]

Financial Literacy, Awareness, Can Help Reduce Unclaimed Dividends – NGX

Nigerian Exchange Limited (NGX) has said that a mix of financial literacy and awareness can help to reduce the growing number of unclaimed dividend in the capital market. This is coming after efforts by the Securities and Exchange Commission (SEC) to tackle rising unclaimed dividends in the nation’s capital market have continued to hit a brick wall. […]

Prompt Claims Settlement Would Address Insurance Industry’s Bad Image In Nigeria – Expert

       …… charges insurance companies on compliance to 2003 Act    Amaka Obiefuna An insurance expert from the National Insurance Commission (NAICOM), Mrs. Augustina Onojake Steve, has maintained that the problem of the Insurance Industry in Nigeria is bad image which dates back to the early 19th century when Nigerians took over insurance […]

NGX Emerges One Of The Best Performing Markets In Three Months

…as market cap hits N1.4trn in August Despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices, investors’ confidence in Nigeria’s stock market remained strong, leading to Nigerian Exchange Limited (NGX) emerging one of the best performing exchanges in Africa during a 3-month duration. According to African markets, a website tracking the […]

Olu Adeosun Resigns As CEO Of Ardova Plc. Moshood Olajide Now Appointed Managing Director

 Ardova Plc’s (AP) Board of Directors announced today that Olu Adeosun, Chief Executive Officer (CEO), will be exiting the Company to pursue new interests and opportunities.  Olu’s resignation as CEO, is effective today 31 August 2023, but he has committed to remaining involved with the activities of the company till 31 December 2023 to ensure […]

NGX, LCCI To Partner On Private Sector Advocacy, Listings

Nigerian Exchange Limited (NGX) has expressed its eagerness to collaborate with the Lagos Chamber of Commerce and Industry (LCCI) in advancing advocacy efforts, encouraging listings, and enhancing capacity development for both chamber members and the broader economy.  The Chief Executive Officer, NGX, Temi Popoola, disclosed this during the Closing Gong Ceremony marking the 135th year […]

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