Our Embassy Officials
OFFICIALS of the Nigerian Embassy in the United States took detailed interest in the aircraft bombing case involving Umar Farouk Abdulmutallab and were present at the court sessions.
Anabel Mobile bags IBCA award
AT the recently concluded 8th edition of the Inside Business Commendation Award (IBCA) 2009 which held at the Lagoon Restaurant, Anabel Mobile was once again honored by the telecoms industry and was rewarded for Exceptional Innovation in the Telecom Sector (Mobile Technology).
eWorld opens broadband forum march
Nigeria’s first broadband forum will open in March 2010. The forum, slated to hold for two days in the first week of March, is aimed at drawing a roadmap for broadband band development and usage in the country.
Insurers compliance to market agreement uncertain
Efforts by Nigeria’s as-sociation of insurers to get underwriters comply with market agreement reached last year may have suffered setbacks as unconfirmed reports say players do not trust each to play according to rules but are continuing the business of premium purchase this renewals.
Nigerian insurers, banks spur Ghanaian, others’ economies
The emergence of Nige rian insurance companies and banks in other countries like Ghana, Rwanda, Gambia, Sierra Leone, Tunis, Kenya and Cameroon have helped to boost the economies of theose countries.
Intercontinental Wapic asset rises to N12.9bn
Intercontinental Wapic Insurance Plc, has said that it total asset rose to N12.9bn in 2008, 6.6 per cent above of N12.1bn in 2007.
Don’t compare MFBs and commercial banks, Adenekan
The former chairman of the defunct National Association of Microfinance Banks of Nigeria, (NAMFBIN) Mr. Olutayo Adenekan, has asked the Central Bank of Nigeria, CBN, not to use the same yardsticks in measuring microfinance banks, MFBs, and commercial banks.
Workers’ unions vow to picket banks over mass sack
Workers in the banking industry on Monday said they would picket banks that failed to recall workers sacked without due consultation with labour. In separate interviews with News the News Agency of Nigeria (NAN), the unions commended the Jan. 7 statement by the Federal Government criticising the sack.
Standard Chartered Private Equity invests $47.5m in Seven Energy
Standard Chartered Private Equity Limited has announced that it has invested $47.5million to acquire a minority stake in Seven Energy, a leading Nigerian gas exploration and development company. Seven Energy was formed in 2007 and is focused on the provision of gas to leading industrial firms in Nigeria.
Bullish run persists, share value soars by N96bn
The value of listed equities on the Nigerian Stock Exchange (NSE) appreciated Monday, by N95.57 billion. This was in spite of the dip in equity trading by 22.97 per cent.
NAICOM stops insurers investment in parent companies
In a fresh bid to curtail overexposure of insurers to their parent companies, insurance companies are no longer allowed to invest in their parent companies. It is believed that insurers= links to their parent companies subjected those companies to risks faced by the parent companies and caused so much investment loss to such insurers during the capital market crash
