Business
Underwriters pull N418.8b from motor business in 10yrs
The insurance industry statistic has revealed that underwriting companies in the country generated a total sum of N418.76 billion from motor policy business in 10 years. The post Underwriters pull
MFBs urged to invest in digital channels
Microfinance Banks (MFBs) in Nigeria have been urged to accelerate investment in digital channels for loan disbursement and collection to mitigate the impact of COVID-19 in the industry. The post
Insurer increases GPI with N62 billion
AIICO Insurance Plc has said its audited results for the year ended 31 December 2020 show a rise in Gross Written Premium (GPW) by 23.6 per cent year-on-year to ₦62
Why registering for e-dividend is important for investors – SEC
By Obas Esiedesa – ABUJA The Securities and Exchange Commission, SEC, has again urged investors in the capital market to register for e-dividend, explaining that doing so would allow investors
E-payment transactions rise by 325% to N704 trn in 2020
As NPLs tickup 16% By Elizabeth Adegbesan The value of electronic payment (e-payment) transtions rose year-on-year (YoY) by 325 per cent to N704.04 trillion in 2020 from N165.8 trillion in
FG, states broke, another recession looms
“To know that which before us lies in daily life; is the prime wisdom” – John Milton, 1608-1674, VANGUARD BOOK OF QUOTATIONS, page 275. By Dele Sobowale HOW GOVERNORS CREATED
CASH CRISIS: Tough survival choices confront states —Experts
Nigerian Flag …Govs should explore AfCFTA platform, SMEs, rationalise cost, prune workforce’ By Peter Egwuatu, Assistant Business Editor, Nkiru Nnorom, Tunde Oso & Nnamdi Ojiego Following the financial crisis across
Buhari Returns Ownership of Four Oil Blocks to NNPC
Nigeria’s President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum company, (the Nigerian National Petroleum Corporation – NNPC). The affected
NNPC pledges to work with stakeholders to ensure sanity in downstream sector
By Obas Esiedesa The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari has pledged to work stakeholders to maintain sanity in the downstream sector of
Nigeria Grants NLNG $52m Tax Waiver for Bodo Bridge Construction
Nigeria’s federal government has granted the Nigeria LNG Limited N20 billion (about $52m) in tax waiver for the construction of Bodo Bonny Bridge in Rivers State. The Executive Chairman, Federal
