Capital market recorded N631bn loss in August
Following an impressive showing in the first half of the year, the performance of equities in the capital market lately has been less cheerful, UDEME EKWERE writes The equities market of the Nigerian...
View ArticleBank depositors paid N73.5bn dividend in 2012 – NDIC
Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Alhaji Umaru Ibrahim, said a total of N73.5bn was paid as liquidation dividends to 250,209 depositors of Deposit Money...
View ArticleAuto industry slowing in Middle East – GM
General Motor GM.N said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower rate than in the last few years, hurt by uncertainty and political...
View ArticleFirstAssist, Cobra launch IP policy
FirstAssist Legal Protection has launched a new intellectual property protection product in partnership with Cobra Special Risks, www.insurancetimes.co.uk reported on Sunday. The policy called Cobra...
View Article3Invest, Sagaci Research partner on real estate awards
Real estate firm, 3Invest Limited, has partnered with Sagaci Research, Europe, as the official research partner for the Real Estate Unite Awards 2013. According to the management of 3invest, the...
View ArticleNCRIB to extend fellowship to non-chief executives
The President, Nigerian Council of Registered Insurance Brokers, Mrs. Laide Osijo, has said that the council will open a window of opportunity to allow non-chief executives of companies to be awarded...
View ArticleAxa puts settlement offer to Accident Exchange
AXA has made a full and final settlement offer in a bid to settle all its credit hire disputes with Accident Exchange, www.insurancetimes.co.uk reported on Sunday. The offer is the fourth the insurer...
View ArticleNEMA warns against building in flood prone areas
The National Emergency Management Agency has advised Nigerians against building their houses in areas prone to flooding. The Coordinator of NEMA in the South West, Mr. Iyiola Akande, said in an...
View ArticleTNS/RMS partners Kantar World Panel for research
International companies, TNS RMS and Kantar World Panel have collaborated to form a consumer panel to strengthen research on shoppers and customers of products. The joint Consumers’ Panel will begin to...
View ArticleNAIC assures Osun farmers of support
The Managing Director, Nigerian Agricultural Insurance Corporation, Dr. Tijjani Garba, has commended the agricultural transformation programme of the Osun State Government. In a statement made...
View ArticleShanghai luxury property sales up significantly in Q2
Sales volumes in Shanghai’s luxury residential property market rose significantly in the second quarter of 2013, but were not accompanied by an obvious increase in prices, Propertywire.com reported....
View ArticleHSBC to cease wealth management business in MENA
HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a...
View ArticleWAICA Re to raise $25m fresh funds
WAICA Re, the West Africa reinsurance company, has commenced the process of raising fresh $25m to boost its working capital and ensure market expansion in line with its 2011-2015 business plan. In a...
View ArticleCWG sales academy produces fresh graduates
Computer Warehouse Group, a Pan-African Information and Communication Technology company, recently graduated another set of students from its sales academy in Lagos. The graduating students were of the...
View Article2,054 employers provide life insurance covers for workers
While most workers in both the public and private sectors are uninsured, the National Pension Commission, in collaboration with the National Insurance Commission, has come up with measures to compel...
View ArticleAirtel, Infinix Mobility introduce new smartphones
Telecommunications service provider, Airtel Nigeria, and Infinix Mobility, a global player in the manufacturing of trendy smartphones, are partnering to provide Nigerians Internet access via...
View ArticleS’African PMI climbs as weaker rand boosts manufacturers
South Africa’s purchasing managers’ index unexpectedly rose to its highest level in six years in August as a weaker rand makes manufactured-product exports more attractive, Kagiso Tiso Holdings said....
View ArticleAkebono to invest Y10bn in US
akebono Brake Industry Co., a Japanese auto-parts maker that counts General Motors Co. as its biggest customer, is increasing its bet that United States auto industry expansion will fuel a revival of...
View ArticleNo misstatements in 2012 accounts, Ecobank insists
Ecobank Transnational Incorporated Plc on Monday insisted there was no misstatement in its 2012 accounts. The bank said this in its response to media reports that the Securities and Exchange Commission...
View ArticleFalling Indian factory activity reduces currency
the Indian rupee remained frail after last week’s record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activity in August shrank for the...
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