Digital Finance growth outpaces confidence — Bridgforte
The rapid growth in digital finance is outpacing public confidence in the financial ecosystem, prompting the Bridgforte Centre for Global Impact to launch a new governance framework and the Trust Lab to strengthen trust in platform-led finance.
Low participation delays NIID take off
The Nigerian Insurance Industry Database, NIID, is yet to take off because many Nigerians are yet to be captured into it, the Nigerian Insurers Association, NIA, has said.
Operators laud collaboration on oil theft
Operators in the oil and gas industry have commended the invitation of the armed forces and the police by the Federal Government to collaborate on stemming the rising incidence of crude oil theft and pipeline vandalism in Nigeria.
Electricity hike: FG pays N100bn in subsidy
To cushion the effects of the impending hike in electricity tariff, the Federal Government has agreed to pay about N100 billion in subsidy over the next two years under the second phase of the Multi Year tariff Order, MYTO 2.
Quoted companies are excessively charged on NSE – Ajayi-Tomori
Poly Products Nigeria Plc, a manufacturer of polythene and other plastic products, recently disclosed plans to delist from the Nigerian Stock Exchange. In this interview with Vanguard, Mrs. Funmi Ajayi-Tomori, a Director in the company, gave an insight into the delisting plan, arguing that quoted companies are still burdened by excessive charges from the regulatory authorities among other things. EXCERPTS
NLNG rakes in $10bn in 2011
The Nigeria LNG Limited, NLNG, Nigeria’s major producer and exporter of liquefied natural gas, last year realised over $10billion despite the continued global recession.
