Africa needs $200bn yearly energy investment — IPPG
•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
Only well capitalised MFBs will operate – CBN
The Central Bank of Nigeria, CBN, has said that only well capitalized microfinance banks, MFBs, that are ready to comply with rules and regulation will, henceforth, be allowed to operate in sector.
Stanbic IBTC Bank branch expansion drives products offerings
Awareness about Stanbic IBTC Bank’s product offerings has recorded significant growth in the market following its aggressive branch expansion in Nigeria, even as the bank makes plans to further widen its product and service range.
Food prices shoot up as sanctions bite in Cote d’Ivoire
Prices of food items in Cote d’Ivoire have shore up due to sanctions imposed on the country by international community.
Goldlink rakes N3.85b gross earnings in 3rd quarter
Goldlink Insurance Plc has announced a gross premium earning of N 4 billion as at the end of the nine months ended, September 30, 2010 just as the company settled N 775 million claims in the third quarter of last year.
SEC tasks AMERC members on stronger regulatory cooperation
The Chairperson, Africa Middle East Regional Committee (AMERC) of the International Organizations of Securities Commission (IOSCO) and Director General of the Nigeria’s Securities and Exchange Commission (SEC), Ms Arunma Oteh has stressed the need for stronger and better regulatory cooperation among members in order to compete globally.
Stock market: Investment value shed 28bn
The value of investment on the Nigerian Stock Exchange (NSE) resumed Monday on a bearish not as the market capitalisation dipped by N27.51 billion.
CIIN actualises college project
The Chartered Insurance Institute of Nigeria (CIIN) has concluded plans to commence construction work on the site of its College of Insurance and Financial Management, located at kilometer40 on the Lagos-Ibadan expressway.
Niger insurance urges public to buy Takaful insurance products
The management of Niger Insurance plc has enjoined members of the insuring public to buy Takaful insurance products as part of efforts to imbibe savings culture.
AGIS appoints UBA as revenue collection bank
United Bank for Africa PLC (UBA) has announced its appointment as a Collecting Bank by Abuja Geographic Information System (AGIS) to receive all revenue payments on behalf of the agency from the general public through an electronic Collection Platform known as UBA Global Bank Collect, in a bid to fully automate the land application request processing in the Federal Capital Territory.
Intercontinental Bank in moves to dominate retail banking
Intercontinental Bank has commence moves to dominate the retail banking space with strategic deliverables initiated to reposition its service delivery and improve its bottom-line with the aim of optimizing its financial performance for the year 2011.
