Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange (LSE). It is the first Nigerian bank to be so listed. It is also the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To […]
The Federal Government has allayed fears and concerns raised by the Central Bank of Nigeria (CBN), that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the government in six months and other factors as major threats to a economic recovery. CBN Governor, Godwin Emefiele, in his post-MPC […]
The Nigeria Insurers Association (NIA) has announced the appointment of Mrs. Yetunde Ilori as the new Director General of the association. Also in the same vein, the Managing Director/CEO of NEM Insurance Plc, Mr. Tope Smart, was elected Deputy Chairman of the association. Ilori takes over from Mr. Sunday Thomas who was recently appointed the […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has given a 21-day ultimatum to some oil and gas employers over anti-labour practices. Mr Fortune Obi, PENGASSAN’s Public Relation Officer (PRO) said this in a statement issued in Lagos on Sunday. Obi said that PENGASSAN would shut down activities of the companies nationwide […]
FREETEL, Japan’s largest selling smart phone brand in open market, has announced the launch in Nigeria in partnership with TD Mobile, the biggest mobile devices distributor in sub-Saharan Africa. FREETEL was founded in Tokyo in 2012 by few enthusiastic telecom experts with a vision to re-create the Japanese quality smart phones at affordable prices. FREETEL […]
Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, NAICOM, Mohammed Kari, has called on the leadership of the Chartered Insurance Institute of Nigeria (CIIN) to reinvent the professional body and update its curriculum so as to adopt contemporary best practices for the overall benefit of the profession. Kari who stated this […]
The Executive Governor of Delta State, Dr Ifeanyi Okowa has challenged the members of Outdoor Advertising Association of Nigeria (OAAN)) on the need for close monitoring and supervision to restrict advertising for such products as alcohol and tobacco. Okowa said the restrictions should particularly be made within a set of radius of schools, parks and […]
The Tax Identification Numbers (TIN) of all fraudulent bidders detected in the ongoing e-auction of the Nigeria Customs Service (NCS) have been deactivated on the orders of the Comptroller-General, Hameed Ali. Customs Spokesman, Joseph Attah who made the disclosure in Abuja yesterday said the option for second highest bidder to win when the highest winner […]
The Minister of Information and Culture, Alhaji Lai Mohammed has said the Federal Government would not be stampeded into abandoning its ongoing efforts to amend the Nigeria Broadcasting Code to ensure the production in Nigeria of ‘Nigerian content or local content’ programmes. The Minister stated this in Abuja on Friday when he received a delegation […]
In line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy, the Central Bank of Nigeria (CBN) on Friday intervened in the Inter-Bank Foreign Exchange Market with the total sum of $462,336,426.74. A breakdown of the foreign exchange intervention figures obtained from […]