The National Insurance Commission (NAICOM) on Thursday in Abuja said it would commence verification of the capital resources of all insurance companies in 2017. Mr Rasaaq Salami, Head, Corporate Affairs at NAICOM, told the News Agency of Nigeria (NAN) that the verification exercise would commence in the first quarter of the year. According to Salami, […]
Nigeria together with some African countries would seek to improve trade and investment ties with German at Germany-Africa Business Forum slated to hold at Frankfurt on March 23. This is contained in a statement posted on the Germany-Africa Business Forum website and accessed by the News Agency of Nigeria (NAN) in Abuja on Thursday. The […]
The UN Security Council on Thursday affirmed that Adama Barrow is now the legitimate President of The Gambia, declaring that “former President Yahya Jammeh is out”. The President of the Security Council, Olof Skoog (Sweden), told the UN Correspondents after the adoption of the Resolution 2337 (2017) by consensus by the 15-Member Council. The Correspondent […]
Philanthropist and serial entrepreneur Tony O. Elumelu, CON, is leading a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF) holding in Davos, Switzerland. Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance and of the critical […]
The Senate on Wednesday approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) and set oil benchmark for 2017 budget at 44.5 dollars per barrel. It also approved the exchange rate at N305 to a dollar as proposed by the executive for the 2017 fiscal year. The approval followed the adoption of […]
In fulfilment of its promise to offset arrears of gratuity due to retired Civil Servants, the Ogun State Government has paid N1.473b to 546 retirees in the state. The state Head of Service, Mr. Abayomi Sobande, who disclosed this in Abeokuta yesterday, informed that the government would not relent in its commitment in ensuring that […]
China’s richest man, Hollywood investor Wang Jianlin, warned Donald Trump Wednesday against dragging the entertainment industry into a trade war – saying his country’s millions of movie-lovers are key to the future of cinema. The Chinese billionaire joined a chorus of concern from international business chiefs gathered at the World Economic Forum in Davos, Switzerland […]
Popular Ponzi scheme MMM Nigeria has indefinitely suspended payments and is not presently entertaining payment requests. This is a big blow to all participants who had hoped to get some relief upon the advertised unfreezing of their accounts last week Friday. But the expected relief is far from coming, MMM Nigeria says it has removed […]
Worldwide, CEOs’ confidence levels for their growth prospects and outlook for the economy is back on the rise amidst new risks and uncertainty. In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick […]
American automaker General Motors said Tuesday it will invest an additional $1 billion in several U.S. factories, an apparent response to President-elect Donald Trump’s promise to reinvigorate the country’s shrinking manufacturing industry. The nation’s largest automaker said it also plans to return thousands of overseas information technology jobs to the United States. GM said a […]