Retaining 70% risk locally is impracticable – report
The ability of Nigerian insurers to retain 70 per cent of oil and gas risk locally as stipulated in the Nigerian Content Development Act, 2010 is impracticable, A.M Best has said.
AFCON: Ekweremadu congratulates West African teams
SPEAKER of the Parliament of the Economic Community of West African States, ECOWAS Parliament, Senator Ike Ekweremadu yesterday that Mali’s progress to the Semi Final at a time of crisis in their land in the ongoing African Cup of Nations in South Africa was particularly symbolic for the country and the West African sub region.
Bad book keeping mar oil audit
Improper record keeping and undue discrepancies in the book keeping of government agencies were made manifest in the latest report of the Nigeria Extractive Industries Transparency Initiative, NEITI.
CBN moves to reduce unbanked population by 20%
THE Central Bank of Nigeria, CBN, has restated its commitment to reducing the country’s unbanked population by 20 per cent before year 2020. The move is part of the apex bank’s financial inclusion strategy aimed at ensuring greater participation in the nation’s financial sector.
Ondo election tribunal dismisses AP, CPC, PDP’s petitions
THE Election Petition Tribunal, sitting in Ondo State, yesterday, dismissed the petitions filed by the Accord Party’s candidate, James Ojo, Congress for Progressive Change, CPC’ s candidate, Olusoji Ehinlanwo and the Peoples Democratic Party, PDP, against the election of Governor Olusegun Mimiko, in the last year October 20 governorship election.
Banks develop funding framework for power projects
Banks have commenced collaborative effort to develop a framework to lend and finance power projects.
