Cornerstone Insurance, FIN Insurance meet NIIRA 2025 recapitalisation requirement
Cornerstone Insurance and its subsidiary, FIN Insurance Company Limited, have been recognised by NAICOM to have fulfilled the recapitalisation requirement
Hope rises for local content as ExxonMobil, NCDMB provide $975m, N61.18bn
There are indications that local content would be enhanced in Nigeria’s oil and gas industry as ExxonMobil and the Nigerian Content Development and Monitoring Board (NCDMB) have provided $975 million and N61.18 billion respectively to support indigenous operators.
NNPC vows to avoid scarcity of petroleum products
THE Nigerian National Petroleum Corporation (NNPC), has said it will continue to make petroleum products available in every part of the country to avoid scarcity and save Nigerians from unwarranted suffering.
Restrictions on 41 items crash imports bill to $1.9bn — CBN
Central Bank of Nigeria (CBN) has said that the implementation of its policy on 41 items has led to the considerable decline in Nigeria’s import bills, from an average of about $5.5 billion to $2.1 billion in 2016 and $1.9 billion by half year 2017.
E-dividend registration: Apathy hits campaign as enrolment drops
THE Securities and Exchange Commission, SEC, yesterday disclosed that the initial interest shown by investors toward e-dividend initiative seems to be waning as the level of registration has dropped in the last three months.
Excessive discounts erode N1tr targeted insurance premium — Ogunbiyi
THE insurance industry may not be able to realize the N1 trillion premium income target for the Market Development and Restructuring Initiative, MDRI, because over 90 per cent of the industry’s income has been given out as discounts by operators.
