SERAP drags Dogara to UN over ‘repressive bill to regulate, crackdown on civil society’
Socio-Economic Rights and Accountability Project (SERAP) has sent an urgent appeal to three UN Special Rapporteurs urging them to “put meaningful pressure on the leadership of the National Assembly in Nigeria particularly the Speaker of the House of Representatives Mr Yakubu Dogara to immediately withdraw the repressive bill to establish a commission that would monitor, supervise, de-register, and pre-approve all activities by civil society, labour, community based organizations, and the media, in the country.”
Stop spreading discontent against industry regulations, NAICOM cautions operators
NATIONAL Insurance Commission (NAICOM) has cautioned insurance operators from generalising and publicising personal discontent with industry regulations.
Commissioner for Insurance, Alhaji Mohammed Kari gave this warning at the concluding session of the insurance conferenc
Unilever Nigeria Plc: Impressive results amidst controversial capital raise
LAST weekend, Unilever Nigeria Plc, one of the oldest conglomerates in Nigeria rolled out an impressive second quarter 2017 (Q2 ’17) result showing revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY).However, a quarter-on-quarter (QoQ) review shows a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates.
Lafarge Africa Plc: Ridding on tax write-back to profit
WE begin a review of First Half 2017 (H1’17) corporate scorecards with some form of spotlights on some select companies.
Lafarge Africa Plc which announced a second quarter 2017 (Q2’17) result last week, has excited investors amidst its controversial recapitalisation program. Revenue grew by 33.8 per cent Year-on-Year (YoY) while net profit was N14.57 billion, moving sharply from a loss of N28.37 billion same period of last year. Compared to Q1’17, however, revenue and profit before tax (PBT) were down 9.6 per cent and 7.7 per cent respectively.
Insurance industry records 12 acquisitions in 3yrs— NAICOM
NATIONAL Insurance Commission (NAICOM) said that 12 insurance companies were acquired in the last three years.
Commissioner for Insurance, Alhaji Mohammed Kari, who made the disclosure in Abuja, said that there were three foreign acquisitions in 2014, two in 2015, five in 2016 while talks to acquire two companies are now in progress.
Fidelity Bank pioneers self-service feedback system for *770#
FIDELITY Bank Plc has again demonstrated its desire to continuously improve on customer service with the introduction of a personalized self-service feedback system on its flagship Instant Banking Product *770#. This pioneering initiative, which is the first of its kind in the Nigerian banking industry, will take customer service a notch higher.
