About 200 insurance Chief Executive Officers from Nigeria and 650 other participants from around the world converged in Kampala, Uganda, at the 44th session African Insurance Organization (AIO). The session was opened by the Vice-President of Uganda, Mr. Edward Ssekandi, who represented the President, Yoweri Kaguta Museveni. The 200 Nigerian insurance industry delegates were drawn […]
Author: Isaac Umunna
Weak economy a threat to Democracy – Saraki
Senate President, Dr. Abubakar Bukola Saraki, has called for concerted and united effort by all Nigerians to build a strong economy as a means of sustaining the nation’s democracy. Saraki in a statement by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, in Abuja, to commemorate the 2017 Democracy Day celebration, said the real […]
OPEC appoints Olusegun Adekunle board Chairman
The Organisation of Petroleum Exporting Countries (OPEC) on Friday, announced the appointment of Mr Olusegun Adekunle as the Alternate Chairman of the Economic Commission Board. OPEC made the announcement in a statement released in Abuja on Friday by Mr Idang Alibi, Director Press Ministry of Petroleum Resources. Alibi said: “In a welcome development, OPEC announced […]
World Bank earmarks $200m for Fadama III financing
The World Bank says it has earmarked 200 million dollars or N7.2 billion for Fadama III Additional Financing of projects in Nigeria. The World Bank Consultant on the project, Dr Idris Badiru, made the disclosure on Thursday in Calabar at the opening of the Fadama III Additional Financing Mid-Term Review Mission to Cross River. “Cross […]
Dangote, two states to buy Peugeot car assembly plant
The Asset Management Company of Nigeria (AMCON) is close to selling Peugeot Automobile Nigeria (PAN) Ltd, a local car assembly joint venture, to Africa’s richest man, Aliko Dangote, and two Nigerian states. “We have concluded all processes on the bids since about two months ago, all we are waiting for (now) is the approval of […]
Fidelity Bank empowers 400 students
As part of deliberate efforts to reduce youth unemployment levels in Nigeria, Fidelity Bank Plc in partnership with Gazelle Academy and the Federal Polytechnic, Oko Venture has just concluded an entrepreneurship training programme for 400 students in Anambra State. Organised under the Fidelity Youth Empowerment Academy stream three, the week-long training programme was aimed at […]
Obi urge FG to introduce privatisation policy to deepen capital market
Erstwhile Governor of Anambra State, Peter Obi thursday called on the federal government to introduce a policy that will deepen the nation’s capital market through privatisation of assets. Speaking at second annual Capital Market Summit of the Association of Owners of Stockbroking Houses of Nigeria (ASHON) in Lagos, Obi said it was wrong for the […]
Senate approves unbundling NNPC
The Senate on Thursday passed first tranche of the Petroleum Industry Bill (PIB), titled the Petroleum Industry Governance Bill (PIGB) 2017. The bill, which is expected to take care of the governance aspect of the industry, scaled third reading following presentation of report of Joint Committee on Petroleum Resources (Upstream, Downstream, Oil and Gas). If […]
Nestle Shareholders Receive N7.93bn Dividend Despite Profit Decline
Shareholders of Nestle Nigeria Plc have commended the board of directors for recommending a dividend of N7.93 billion for the year ended December 31, 2016, despite the decline in bottom-line of the company. Speaking at the annual general meeting (AGM) in Lagos, the shareholders said it was gratifying to note that Nestle is paying a […]
FG approves committee to fix new minimum wage
Nigeria’s Federal Executive Council chaired by Acting President Yemi Osinbajo has approved a 29-member National Minimum Wage Committee to negotiate with labour unions and work out a new minimum wage. Labour Minister, Dr. Chris Ngige announced this at the end of the meeting in Abuja, and said members will be drawn from the Nigerian Governors’ […]