Going by the realization that insurance business is no longer a game play and the swinging wield stick of the National Insurance Commission (NAICOM), underwriters have concluded their reinsurance treaty renewals for the 2010 in spite of hard terms from reinsurers.

Eight insurance companies are hooked on to the 2010 Nigerian National Petroleum Corporation (NNPC) group life account for N 2.3 billion premium with sum insured of N 385.99 billion.

Dr. Fidelis Ayebae , the Managing Director/Chief Executive Officer, Fidson Healthcare PLC, tells how he grew the company from an initial capital of N 5 million in 1995 to billions of Naira and to a pharmaceuticals giant, reports Franklin Alli.

Tisco Musical Instruments, Lagos, is an indigenous company that manufactures musical instruments from, ‘Omo Wood.’ In this chat with Franklin Alli, Mr. Taiwo Adebayo, Managing Director, shares the experiences of operating a small business in the country.

The proposed integration of regional capital markets by the African Securities Exchanges Association (ASEA) has been endorsed by operators and stakeholders in the Nigerian capital market.

Ibasa village is a riverine community in Oriade Local Council Development Area of Lagos State which reflects the failure of micro-finance banks in the country to connect and serve the active poor. The micro-finance policy which led to the creation of micro-finance banks was aimed at reducing poverty and proving access to financial services for the economically active poor.

SEVEN years after Mr. Lateef Idowu Oyelekan, finished his tenure as the Chairman of the Nigerian Bottling Company, NBC Plc, branch of the National Union of Food, Beverage and Tobacco Employees, NUFBTE, workers of NBC have rewarded him for his contributions to the development of the union in the soft drink and other consumables manufacturing giant.

By Babajide Komolafe and Michael Eboh EQUITIES:Capital appreciation to continue The upward trend recorded in the market is expected to continue this week as investors’ interest heightens in the capital market, ahead of the passage of the Asset Management Company’s (AMC) bill into law by the national assembly. Investors in the Nigerian capital market gained […]

The Director General of United Nations Industrial Development Organization, (UNIDO), Dr. Kandeh Yunkella has commended the Management of the Central Bank of Nigeria for the Bank’s contribution towards the development of agriculture and agro_allied business in Nigeria.

In June 2008, the United Nations Development Programme (UNDP) entered into a strategic partnership with the Delta State Government of Nigeria for youth empowerment and conflict resolution in the country’s most restive region.

Concessionaires at the nation’s port are still engage in illegal collection of charges abolished by the federal authorities over a year ago. Some of these charges that are additional cost to importers include terminal handling charges, tally charges, royalty positioning and transfer charges among others.

Imo State government  says it is not happy at the slow pace of work in the execution of some of its road projects by contracting firms engaged by the administration. The Chief of Staff, Government House, Sir Emma Ohakim, who made government’s feelings known while addressing the chief executives of the contracting firms, urged them […]

Even with the enormous goodwill at his disposal, Acting President Goodluck Jonathan may succeed in creating the wrong impression that thrives on opportunism.  With his appointment of a seasoned protector of the state as his new National Security Adviser in the person of General Aliyu Mohammed Gusau (rtd), Jonathan may have signaled the commencement of […]

Arrangements are in top gear to bring back the water engineers from Israel that constructed the Owerri Water Scheme during the Sam Mbakwe administration. Disclosing this in an interview, the commissioner for public utilities and rural development, Mr. Ralph Nwosu, the best option left for the administration was to bring back the originators of the […]

Last week in his column, ‘Pendulum’, Dele Momodu wrote a piece, entitled, “The Change They Can’t Stop” (Thisday March 6,2010), in which he singled out members of the National Governors Forum for a verbal diatribe of the vilest and most unsavory simile that I ever heard in a long time. And what was their offence? They dared, he said, to tell “the acting president to forget the idea of impeaching a chronically ill-president” and they also had the nerve to ask Jonathan to “sanction his boisterous ministers and turn them into robots”. Whatever that means! And for these unforgivable sins, Momodu’s pen went unabashedly –even if irresponsibly- berserk: “I wouldn’t have minded,” he wrote, “if these were stark illiterates who lacked the knowledge of modern politics but some of them were sent to good schools by their parents only to end in the mud of Nigerian politics”.