“In Nigeria, infrastructure is a major challenge, once we have infrastructure, this country will grow and a lot of companies will spring up. In this country, if you provide quality service, Nigerians will pay, no matter how much, Nigerians are ready to pay”These were the words of Dr. Nosike Agokei, the newly appointed Managing Director of John Holt Nigeria Plc.

The Managing Director and Chief Executive of DN Meyer Plc, Mr. Bola Olayinka, has stressed the need for investors in Nigeria to exercise some caution in their bid to relocate their businesses to Ghana.

The Governor of Ogun State, Otunba Gbenga Daniel, during the weekend, commissioned the largest ultra-modern wire and cable manufacturing plant in West Africa – Coleman Cable Plant – at Arepo, along the Lagos/Ibadan expressway, Ogun State.

By Innocent Anaba LAGOS — A Federal High Court sitting in Lagos, weekend, granted some shareholders of African Petroleum Plc leave to sue the Chairman of the company, Mr Femi Otedola, and some other shareholders with the name of the company (AP Plc) for failing to take enough action against Nova Finance and Securities Ltd […]

Mr. Segun Balogun is the managing director of Intercontinental Wapic Insurance Plc. In this interview with Patience Saghana, he articulates the position of Intercontinental Wapic in the market and also addressed topical issues on oil and gas insurance business in the country. Excerpts

By Olasunkanmi Akoni LAGOS – THE Lagos State Government will soon embark on aggressive enforcement against commercial motorcyclists popularly called Okada riders who does not have rider’s license, equivalent to driver’s license among other traffic violations. Announcing the move to check the excesses of the operators through the enforcement of riders’ card, Special Adviser to […]

LAGOS – Afribank Nigeria Plc, last week, promoted 405 staff in recognition of their diligence and efficiency. A statement by the bank said “junior officers of the bank who had acquired higher academic qualifications were also upgraded to positions that correspond with their new skills, competencies and capacity to handle higher job functions. The promotion […]

Rather than doctor their books and report non-existing profits, insurance and reinsurance companies in Nigeria may have resolved to tell their shareholders the whole truth about their performance by publishing their actual results, Patience Saghana writes

By Linus Ikechukwu MANY Nigerians used to think that the best thing to have happened to the country at the tail end of military dictatorship was the formation of the Peoples Democratic Party (PDP) in the late 1990s. It is now doubtful whether, indeed, the PDP is a national blessing or a curse to the […]

Market risk is the risk of loss in the value of a financial institution’s proprietary trading holdings in equity, debt, FX or commodity instruments, due to fluctuations in market prices. Market risk can also arise with the management of client’s moneys where financial institutions provide unhedged guaranteed minimum returns. A form of market risk also arises where banks accept financial instruments exposed to market price volatility as collateral for loans. Poor market risk management practises can lead to significant losses very quickly in volatile market conditions and also complete institutional collapse in severe situations.