Africa trade policy group appoints Ese Owie as Convenor, targets global influence
By Jeremiah Urowayino Trade experts and thought leaders from across the African continent have said Africa has a role in shaping the World Trade Organisation, WTO, reform, noting that the world is at a critical juncture for the multilateral trading system. They said this while launching the Africa Trade Policy Working Group, ATP Working Group, […]
CBN, court approve Heritage, Enterprise Banks’ merger
The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. Furthermore, the Federal High Court has sanctioned the scheme of merger and ordered the merger of both institutions.
Nigerian economy slows in Q2
Growth in the Nigerian economy, Africa’s largest, slowed in the second quarter due to the slump in oil prices, the NBS office said.
W/Bank to disburse $140m to 26 states for community devt
The World Bank is now set to disburse $ 140 million (about N29 billion) to 26 states in Nigeria and the Federal Capital Territory, under the Community and Social Development Project, CSDP.
Banks in dilemma over idle $5bn deposits
LAGOS — Indications emerged, yesterday, that banks in the country are now in a dilemma on what to do with an estimated $5 billion that is currently idle in their vaults.
Global insurance rates decline further
Abundant insurance and reinsurance market capacity, assisted by the influx of alternative capital, coupled with a lack of large loss events, has contributed to a decline in global insurance rates for the ninth quarter running, according to analysts at Marsh.
Why you should allow verification of your vehicle insurance certificate
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
Recent journeys between Lagos and Osogbo, Osun State
I have made a few journeys recently between Lagos and Osogbo, Osun State. The outward leg of the journey from Lagos has been on the Lagos to Ibadan expressway, the Ibadan to Ile-Ife expressway up to Gbongan, Osun State and then on the Gbongan to Osogbo road while the return leg of the journey has been in the reverse order.
NSE flags-off Premium Board with Dangote Cement, Zenith Bank admission
The Nigerian Stock Exchange, NSE, yesterday kicked off a new listing platform, Premium Board and the associated Premium Board Index, with the admission of Dangote Cement Plc, FBN Holdings Plc and Zenith Bank Plc’s shares.
Nigeria to host the Africa $33bn RemitAfrica2015 summit
More than 200 delegates and 65 industry stakeholders from more than 25 countries are expected to attend the RemitAfrica2015 event in Lagos in December.
NNPC boss calls for diversification of power generation
As part of measures to improve electricity supply across the country, Mr. Ibe Kachikwu, the Group Managing Director, Nigeria National Petroleum Corporation, NNPC, has called for the diversification of power generation in the country. He made this call at the Nigeria Association of Energy Correspondent, (NAEC) Conference 2015, held at Eko Hotel, Lagos recently.
