Business

Digital postcode to transform commerce, security, cut delivery costs — Tijani

Digital postcode to transform commerce, security, cut delivery costs — Tijani

By Progress Godfrey The Federal Government has said Nigeria’s Digital Alphanumeric Postcode System, scheduled for launch this year, will transform commerce, strengthen security and significantly reduce delivery costs nationwide. Speaking at the National Digital Alphanumeric Postcode System workshop in Abuja, Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, described the initiative as critical […]
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Insurers groan as premium growth lags behind liabilities

Insurers groan as premium growth lags behind liabilities

THE insurance industry, during the nine months period ended September 2017, witnessed marginal growth in gross premium written while claims expenses went up significantly.This development may have put the badly affected underwriters in financial stress.

S&P assigns stable outlook to UBA

S&P assigns stable outlook to UBA

By Nkiruka Nnorom Standard & Poor (S&P) Global Ratings has affirmed its long and short-term global scale issuer credit ratings on United Bank for Africa Plc (UBA) at ‘B/B’. The rating agency also affirmed a long- and short-term Nigeria national scale ratings on the group at ‘ngBBB/ngA-2’ and assigned a stable outlook to the bank. […]