Nigeria loses N3.2trn annually to transport inefficiencies — Expert
By Providence Ayanfeoluwa There are indications that Nigeria loses N3.2 trillion annually ($4billion) to transport inefficiencies, including gridlock, poor modal integration and logistics fragmentation. The Chairman of Global Transport Policy (GTP), Dr. Oluwasegun Musa, said this in his remark at the 2026 Annual GTP conference in Lagos. He said that the country’s logistics cost as a […]
Local content constraints for insurance industry are fundamental- Lawal
Mr. Fatai Lawal, Managing Director of Sterling Assurance Company in this interview with Favour Nnabugwu bares his mind on the consequences the threat by the National Insurance Commission, (NAICOM) to publish names of erring companies would have on the entire sector. Excerpts:
Stock market meltdown: Insurers lose as much as N200bn-BGL
THE insurance industry is estimated to have lost as much as N200 billion to the meltdown in the stock market, as such the National Insurance Commission (NAICOM) should carry out an industry wide capital adequacy verification exercise to evaluate the stability of the sector.
GroFin unveils property finance for small business
GroFin, world’s leading multi-national financier and advisor to Small and Medium Enterprises (SMEs), has launched a property finance offering for small businesses in Nigeria.
Nigeria loses N180bn to imported substandard bulbs annually – SON
Director General, Standards Organisation of Nigeria (SON), Dr. Joseph Odumodu, said Nigeria loses about N180 billion annually on substandard electrical bulbs imported into the country by some unscrupulous Nigerians and their foreign allies.
NB rewards another student at Star Game Show
The number of student millionaires to emerge in Nigerian Breweries Plc organised Star TV Game show continues to swell as yet another student carted home N1 million (One million Naira) in the ongoing 2011 game show.
SA Life grosses N5.809bn in 2010
Standard Alliance Life Assurance Ltd has announced that it achieved a gross premium income of N5.809 billion during the 2010 business year.
Dangote’s total donation to social crisis hits N524.7m
President of Dangote Group, Alhaji Aliko Dangote has donateda total cash and relief materials worth N524.7 million to the victims of social crisis in Bauchi, Gombe, Kaduna and flood victims in Oyo and Lagos States.
Aero introduces new fare for independence celebration
Aero airline is introducing a special independence promotional fare of N10,000 for economy cabin, and N26,000 for business class cabin to all major Nigerian destinations.
Lafarge WAPCO launches N50bn bond programme
Lafarge Cement WAPCO Nigeria Plc has registered a N50 billion Bond Issuance Programme. The Bond Issuance Programme was approved by the Securities and Exchange Commission (SEC) recently.
NSE demutualization: SEC harps on protection of national interest
The Securities and Exchange Commission, SEC, said that it is committed towards the protection of the national interest in the proposed demutualization of the Nigerian Stock Exchange, NSE.
