The controversy over the acquisition of GSK Nigeria Plc by its parent company, GSK UK through a special arrangement has been put to rest as an option has been given to it to buy the shares of the company through the secondary market of the Nigerian Stock Exchange, NSE.

Insurers should be thinking about the transformational steps and technology solutions they can deploy to raise their game for long-term growth, according to two insurance-focused 2014 outlook reports released by the Deloitte Center for Financial Services.

In the past, insurance operators are more focused on how to raise their yearly premium, abandoning the need to create expansion through good services and people tailored products.
Unfortunately, this contributed to the persistence of low financial literacy in the insurance sector and the concomitant low insurance penetration in the country.

The National Insurance Commission, NAICOM, has said that the country is much likely to attain a sustained economic growth and development if it can adapt its insurance industry with innovative ways that will bring on board the generality of the country’s population.

National Union of Electricity Employees, NUEE, has faulted the June deadline given to the private sector electricity companies by the Federal Government to stabilise power supply in the country, saying it is not feasible.

As an investor in the Nigeria capital market, you must know about the Investment and Securities Tribunal. This is because you may one day need the services and authority of the Tribunal to resolve your investment problem. It is also important to be familiar with the rulings (judgements) of the Tribunal.

Dangote Group has disclosed that not less than five of its cement plants spread across five countries in Africa will be completed this year.

But in the situation at hand, the questions to be asked should be: In the share allotment, did the company receive the money? And if the company received the money, why should the regulator penalise the registrar, because the registrar on their own cannot pay a shareholder because they don’t own the company.

Managing Director, Skyway Aviation Handling Company, SAHCOL , Mr. Oluropo Owolabi has said that the Federal Airports Authority of Nigeria ,FAAN, has no business in handling cargoes at the airport.

Following the controversy that trailed the controversial $49.8 billion missing from federation account, the Nigerian National Petroleum Corporation, NNPC has disclosed that the disputed balance of $10.8 billion from the original amount, which has not been paid into the Federation Account, is not missing but formed part of its operational costs within the period, January 2012 to July 2013, which was referred to by the Central Bank of Nigeria, CBN Governor, Sanusi Lamido Sanusi, in his letter to President Goodluck Jonathan on unremitted oil revenues.

Insurance Plc has paid out the sum of N1.6 million to Mr. Victor Okosieme in settlement of his claim on the fire insurance policy he had with the company.

The implications of a 10 year master plan for the Nigerian capital is quite clear as it hopes to transform the market, make it competitive and contribute its quota of developing the nation through funds mobilization.
Capital market master plan is good for nations that are still developing and aspiring to move to emerging market segment. The Asian countries have adopted this plan and have moved from developing to emerging market with high growth.

A Jigawa-based rice farmer, Alhaji Maiunguwa Jaga, has appealed to the National Assembly to promulgate a legislation that would enhance the implementation of the Growth Enhancement Support (GES) programme.

“For friction industry, you can develop a formulation that is 80 percent local content, but today, am not sure we can meet up with that because there is no processing industries in Nigeria to process these raw material. If as a manufacturer in friction industry, you decide to process it yourself, it becomes very expensive.

The naira appreciated by 400 kobo to N169 per dollar at the parallel market last week, even as the Central Bank of Nigeria (CBN) sold $749.84 million through the Retail Dutch Auction System (RDAS).