CBN data localisation directive will boost investment in digital infrastructure — GFA Co-Founder
By Babajide Komolafe The Central Bank of Nigeria, CBN, data localisation directive will create measurable, long-term demand for local data centres, cloud services and other sovereign digital infrastructure, GFA Technologies Group has said. Co-founder of GFA Technologies Group, Adebola Omololu, stated this while assessing the investment opportunities arising from the directive, describing it as a catalyst […]
NIA boss scores self high on industry targets
By Patience Saghana Chairman of the Nigerian Insurers Association, Mr Wole Oshin says the industry goals he set for himself on assumption of office is being achieved. He was reviewing his one year scorecard at the association’s annual general meeting in Lagos.
Hannover RE confirms 2009 targets
German reinsurer, Hannover Re, which is 50.1%-owned by Talanx, said Friday that it still expects €5 ($7) earnings per share this year, a 20% rise in gross premium income and an after-tax return on equity of at least 18%.
Government inclined to 15 insurers
Strong indications emerged that the federal government will further reduce the present number of insurance companies operating in the country from 49 to 15. The reduction in the number of insurers in the country, according to industry analysts would increase the capacity of the industry and also reduce the incidences of unethical business practice as a result of unhealthy competition among insurers.
Crusader Insurance wins Award
Crusader (Nigerian) Plc has won another Award adding to several awards already won this year by the company. This time it clinched Best Sector Leaders Award in the other Financial Institutions sector for 2008.
Shell to supply 45m cubic feet of gas to Aba power plant
ABUJA-AS part of efforts to ensure adequate gas supply to the188MW Aba Independent Power Plant, towards the effective take-off early next year, Geometric Power Limited, the promoter of the project has signed an agreement with Shell Petroleum Development Corporation, SPDC and its JV partners, Nigerian National Petroleum Corporation, NNPC, Agip Nigeria and Total Nigeria Ltd.
