INSCAN endorses ‘no premium no cover’ regime
The Insurance Consumers Association of Nigeria has said that it is in full support of the enforcement of the “no premium no cover” rule with recent reforms and initiatives of the National Insurance...
View Article‘Only 3% of Nigerians have health insurance’
More than 13 years after the National Health Insurance Scheme was officially introduced in the country, only three per cent of Nigerians have been covered. This is, however, a far cry from its Ghanaian...
View ArticleSantander eyes £2bn bid for NAB UK assets
Santander is considering making a two billion pound ($3.2bn) bid for National Australia Bank’s UK business to accelerate its British expansion, the Sunday Times reported citing unnamed sources, Reuters...
View ArticleBids for Independent News & Media fall short
Irish publishing group, Independent News & Media, has received offers of around €150m ($199.3m) for its South African unit, about €100m less than the expected price tag, Ireland’s Sunday Business...
View ArticleCBN urged to ease monetary policy
Financial analysts have called on the Central Bank of Nigeria to begin a process of monetary policy slackening in order to boost liquidity in the system. The Financial Derivative Company Limited in a...
View ArticleFranco-German motor sputters in crucial euro year
Germany and France will put on a show of total unity this week to mark the 50th anniversary of the Elysee Treaty that cemented their post-war reconciliation, Reuters reported. But beneath the public...
View ArticleCBN auditors begin probe of N2.1bn Mint theft
The audit panel set up by the Central Bank of Nigeria to probe the security breach at the Nigeria Security Printing and Minting Company that led to the disappearance of N2.1bn newly printed N1,000...
View ArticleZambia begins Matumbo-Chama road construction
Construction works on the $75.7m 115-kilometre stretch of the Matumbo-Chama road linking Northern, Muchinga and Eastern provinces of Zambia has commenced. China Jiangxi Limited of China is undertaking...
View ArticleNIQS pays tribute to former president, Oforeh
The leadership of the Nigerian Institute of Quantity Surveyors has paid glowing tribute to the deceased former President of the body, Mr. Emmanuel Chukwuemeka Oforeh, who died on December 30, 2012 and...
View ArticleFBN Capital unveils mutual fund products
FBN Capital Limited, through its asset management arm, has unveiled new mutual fund products designed as part of the company’s commitment to providing investors with safe havens and competitive returns...
View ArticleCBN to sell N826.31bn in T-bills in Q1
The Central Bank of Nigeria plans to raise about N826.31bn ($5.26bn) worth in treasury bills, ranging between three months and one year in the first quarter of the year. The CBN, in a statement on...
View ArticleEnterprise Bank MD calls for discipline
The Managing Director/Chief Executive Officer, Enterprise Bank Limited, Mallam Ahmed Kuru, has described high moral values, efficient management, service discipline and culture change in both the...
View ArticleLSPWC, stakeholders strategise on Imota asphalt plant
The Lagos State Public Works Corporation has engaged stakeholders on its plan to establish an asphalt production plant at Imota as directed by the State Executive Council. At a meeting with the owners...
View ArticleForeign investments in NSE hit N733bn in 2012
Despite their exodus from the Nigerian capital market at the outset of the global financial crisis, foreign investors are staging a comeback, UDEME EKWERE writes The total amount of foreign portfolio...
View ArticleSouth African court finds Henry Okah guilty
A South African court on Monday found presumed leader of the Movement for the Emancipation of the Niger Delta, Henry Okah, guilty of terrorism and masterminding twin car bombs that killed 13 people in...
View ArticleSouth Africa regulator approves Xstrata, Glencore merger
JOHANNESBURG: South Africa’s Competition Tribunal on Tuesday gave the green light to the proposed takeover of global miner Xstrata by commodities trader Glencore. However, the tribunal attached some...
View ArticleDeutsche Bank plans global banking workshop
Bankers and financial experts from Nigeria and other West African countries will converge in Abuja for a week-long annual banking workshop organised by global investment bank, Deutsche Bank. At the...
View ArticleFISON targets aquaculture for job creation
Fisheries Society of Nigeria in collaboration with Winrock International, facilitators of the Farmer to Farmer programme, has concluded plans for developing Nigeria’s shrimp production potentials. The...
View ArticleSmart refrigerator runs apps for shopping lists, recipes
TORONTO: Refrigerators are getting smart. A new model released earlier this month runs apps to help users browse recipes, create shopping lists and manage the expiration dates of items like yogurt and...
View ArticleJonathan promises 3.5 million agric jobs by 2015
President Goodluck Jonathan on Tuesday promised his administration would create at least 3.5 million new jobs in agriculture and allied industries by 2015. He expressed confidence that the feat would...
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