Recapitalisation empowers insurers to protect manufacturing sector — Report
By Rosemary Iwunze Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks. It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging from factory fires and machinery breakdowns to marine cargo losses, engineering failures […]
Alaghodaro summit: Omoigui-Okauru, Akpata, Ihonvbere, others tackle institutional barriers to investments
As the Alaghodaro Investment Summit got underway on Friday in Benin City, the Edo State capital, investment experts and heads of federal government regulatory agencies proffered solutions to the bureaucratic bottlenecks in government that are hindering the growth of businesses in Nigeria.
‘Nigeria spends N868bn on importation of hardware, software annually’
Delegates at the just concluded 2017 eNigeria Conference and exhibition have expressed dismay that Nigeria spends a whooping sum of N868 billion ($2.8bn) annually on importation of hardware and software products and services annually.
KiaKia launches alternative credit scoring, virtual lending platform
Aside its numerous products that are void of the usual financial bureaucracy and also offer easy access capital to SMEs and individuals, KiaKia, a licensed online peer to peer and direct lending platform, has introduced ‘Mr. K’, an artificial intelligence (AI) and machine learning powered alternative credit scoring, customer service, Direct and P2P lending virtual agent.
Inflation rate to decline marginally in October—FSDH
RESEARCH analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October.
FG won’t extend VAIDS deadline —Fowler
THE federal government has rejected the call to extend the deadline for the execution of the Voluntary Assets and Income Declaration Scheme (VAIDS).
