Insurers’ balance sheets getting better –CIIN boss
The President, Chartered Insurance Institute of Nigeria, Dr. Wole Adetimehin, has said the new regime of ‘no premium, no cover’ is improving the balance sheet of insurance companies. He said this...
View ArticleFoundation honours retired Methodist Archbishop with building
In recognition of the contributions of the retired Archbishop of Ilesa, Methodist Church Nigeria, Lawrence Ladigbolu, to the development of the church and to commemorate his 70th birthday, the Bode...
View ArticleNCC plans overhaul of telecoms sector
In a bid to drive its regulatory mandate in the fast-evolving telecoms industry, the Nigerian Communications Commission has unveiled a new five-year strategic management plan spanning 2013 to 2017. The...
View ArticleAIICO enhances education insurance policy
To protect the future of children, AIICO Insurance Plc has added more value to its Education Legacy Assurance Plan. The firm said the policy was structured to protect children from being forced to end...
View ArticleCustodian takes over Crusader
Following the conclusion of the business combination process, Custodian & Allied Insurance Plc has taken over the assets and liabilities of Crusader Nigeria Plc. The enlarged entity, according to a...
View ArticleAnalysts predict increased activities in fixed income market
Analysts in the capital market have said the fixed income market may enjoy increased patronage by investors in the next few weeks. The analysts said this following the recent instability recorded in...
View ArticlePaulson loses $300m as gold declines
Billionaire, John Paulson, lost more than $300m of his personal wealth on his gold bet, as the precious metal fell to its lowest price in almost two years, Bloomberg reported. Paulson has roughly...
View ArticleBlackBerry asks regulators to probe ‘false’ returns
BlackBerry, the Canadian smartphone maker, said it will ask securities regulators to investigate a report that its new phones have high return rates, arguing that the “false” information may have been...
View ArticleNigeria to resume gas supply to Ghana, others
The West Africa Gas Pipeline Company will resume gas flow through its pipeline on April 30, 2013. The company’s General Manager, Corporate Affairs, Mrs. Harriet Wereko-Brobby, said this at the Lagos...
View ArticleInfrastructure: Amosun seeks partnership with Canadian investors
The Ogun State Government has expressed its willingness to partner with investors from Canada in the execution of its five cardinal programmes to further make life more meaningful for the people....
View ArticlePower: NERC prepares guidelines for private investors
The Nigeria Electricity Regulatory Commission has said it is in the process of completing guidelines that will regulate the operations of private investors when the power sector is fully privatised....
View ArticleFG restates commitment to completing road projects
The Minister of Works, Mr. Mike Onolememen, has restated the Federal Government’s commitment to the completion of abandoned but critical road projects across the country. A statement signed by an...
View ArticleEuro zone posts trade surplus on lower imports
The euro zone’s trade surplus grew in February, but the positive balance was helped by lower demand for imports rather than export growth, data from the European Union statistics office Eurostat showed...
View ArticleMTN Group looking at $8bn foreign acquisitions
South Africa’s MTN Group has revealed plans to spend up to $8bn on acquisitions. The firm is currently looking for potential targets in the Middle East and Southeast Asia. The company is already one of...
View ArticleNAICOM warns insurance firms against late account submission
The National Insurance Commission has warned insurance firms against delay in submission of their 2012 IFRS compliant audited financial statement. In a circular to the 31 underwriters listed on the...
View ArticleCentrica, Qatar buy £645m gas assets in Canada
Britain’s Centrica and Qatar Petroleum International have bought gas and oil assets in Canada from Suncor Energy for C$1bn, (645 million pounds) including some with potential for shale gas production,...
View ArticleAfrica’s e-Learning revenues to hit $512.7m by 2016
Self-paced electronic learning revenues may hit $512.7m by 2016, according to the latest forecast. The continent is said to be experiencing a sharp upturn, as e-Learning Africa forum says Africa is no...
View ArticleThermo Fisher nears $13bn Life Tech deal
Thermo Fisher Scientific Incorporated is nearing a deal to buy genetic testing equipment maker Life Technologies Corp for close to $13bn, according to four people familiar with the matter, in what...
View ArticleGreece on track, further aid coming — EU/IMF
Greece is on course to contain its debt and keep the level sustainable and should return to growth in 2014, its international creditors said on Monday, adding that the next disbursement of aid to the...
View ArticleKakawa’s gross earnings up by 50%
Kakawa Discount House Limited has recorded a 50.2 per cent increase in its gross earnings for the year ended December 31, 2012. Its gross earnings, which stood at N8.9bn the year before, rose by...
View Article