Business

NAICOM revokes  Universal Insurance’s licence, appoints receiver

By Innocent Anaba The National Insurance Commission (NAICOM) has revoked the license  of Universal Insurance Plc and appointed a receiver/provisional liquidator to commence the process of winding up the company’s affairs. The cancellation, which took effect on August 14, 2026, followed the company’s alleged failure to meet the prescribed Minimum Capital Requirement (MCR) applicable to its […]
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Investors Forum: Complaints & Investigations

Investors Forum
You have to first dematerialize the certificate before you can sell the shares. You need the services of a stockbroking firm to dematerialize the certificate and to sell the shares. Visit the website of Nigeria Stock Exchange (www.nselive.com) for list of registered stock brokers.

Oil theft: FG may lose $12bn in 2013 — Okonjo-Iweala

Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, Finance Minister Ngozi Okonjo-Iweala said. The government will draw down its oil savings in the Excess Crude Account to compensate for the drop in revenue to keep the budget deficit under control, Okonjo-Iweala said in an interview with Bloomberg in Abuja.

Nigeria’ll longer be cheated in air services agreements – Bush-Alebiosu

Hounrable Dayo Bush-Alebiosu is the Chairman, House Committee on Treaties and Agreements, which was inaugurated in the House about a year ago. In this interview with Aviation reporters, he speaks on several issues in the Nigerian aviation industry including the failure of the management of Dana Air to complete payment of compensation to families of crash victims over 16 months after the crash, the recent crash involving Associated Aviation Limited and the imbalances in the Bilateral Air Services Agreements, BASA, Nigeria signed with several countries

Government paying lip service to housing —NIESV

The Nigerian government has been accused of paying lip service only to the issue housing development in the country.

Chairman, Faculty of Housing, Nigeria Institution of Estate Surveyors and Valuers (NIESV), Chief Kola Akomolede, made the accusation at the recently concluded Second National Housing Summit hosted by the Institution in Abuja, adding that the present situation of the country’s housing sector leaves much to be desired. He lamented that the present government has relegated housing to the background because it merely talks about transformation without any agenda for housing.

Customer First: 10 Sure-fire Ways to Earn Customer Trust (1)

Do your customers trust you? Can they easily refer their relations and best friends to you?
Whether you work for an organisation as an employee or you run your own business, you definitely need the trust of your customers to succeed. Most people in business would like to be trusted, but not all work to earn trust. In fact, some actually seem to work hard to fritter away trust.

N589bn raised from capital market since 1999 — SEC

The Securities and Exchange Commission (SEC) has disclosed that N589 billion has been raised from the Nigerian capital market since 1999 to date.

The Director General, SEC, Ms. Arunma Oteh disclosed this , saying capital market serves as a platform for mobilizing long term funds for various project.

Entrepreneurial Education Revolution: An Imperative for Sustainable Development in Nigeria (1)

By Peter Osalor Albert Einstein once defined insanity as doing the same thing over and over and expecting different results, while the French classical author, Francois de la Rochefoucauld said ‘ the only thing constant in life is change’. This paper stresses the importance of entrepreneurship education towards enhancing sustainable development in Nigeria.  The problems […]

Leveraging CSR to advance media excellence

Discerning companies all over the world engage in Corporate Social Responsibility (CSR) to bring about sustainable developments in the community where they operate. These activities usually are targeted at promoting and managing the company’s commitment to society for the inherent value of obtaining positive perception and growing the company’s clout.

Is e-commerce death knell for brick and mortar business?

Recent trends globally have shown tremendous growth in online related businesses. Nigeria is not being left out in this strongly emerging business platform as some of Nigeria’s online businesses, especially in the B2C category, like Jumia and Konga have already become recognised global brands.

Adversities couldn’t deter me from achieving my goals — Cosmas Maduka

The Chairman, Coscharis Group of Companies, Sir Cosmas Maduka has tasked Nigerian youths to remain committed in their various levels of capabilities to ensuring progressive future.

Cosmas who spoke at a recent inspirational forum, organized in Lagos for Nigerian youths, noted that his perseverance played a major role in providing him innumerable opportunities to attain the level that he is today in the Nigeria business world and beyond.

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