Millennials in Nigeria are far away from the insurance sector and do not understand the value and proposition of the sector based on series of research carried out on them, Mr. Remi Babalola, Chairman, Board of Directors of Law Union and Rock Insurance Plc has said.

Banks and insurance experts are reporting that, with 2 ½ months to go, the 2017 Atlantic hurricane season is already one of the most expensive to date for the insurance industry.

The issue is that of multiple taxation on individual investors is worrisome because whenever a company declares dividend, before it gets to you, they will deduct 10 percent withholding tax and this is after the government must have taxed the company’s profit. If a company makes profit of N10 billion and declares a dividend.

Central Bank of Nigeria has developed policies from the microfinance policy, especially around mobile money, agent network, non-interest banking, among others. We have developed policies across the board, including the National Financial Inclusion policy extensively worked on with the CBN. Some of the service providers have concluded that the low income earners have some form of income, but do not want to use it in the formal financial space.

Well, land acquisitions had been at the forefront. To acquire massive land to produce sugar in commercial quantity is a major challenge. I would give you examples of states where we have gone and spent two to three years just to acquire land. When you are talking of acquiring 20-30, 000 hectares of land, you will see that you are encroaching into several communities and what one community likes doesn’t agree with what other communities like.

The Chief Executive, Stanbic IBTC Stockbrokers Limited, Mrs. Titi Ogungbesan, in this interview spoke on the need for   big ticket listings on the Nigerian Stock Exchange, NSE, infrastructure deficit financing, and role of market operators in attracting investors to the market, among others.

All through last month the Nigerian equities market has been trading on sideways since bargain hunting and profit takings seized investors sentiment after a long period of bullish run. The feelings in the market is that of speculative positioning to year end. 

United Capital Plc, reported nine-month Gross Earnings of N6.2 billion, representing a   10 per cent year on   year growth and Profit Before Tax of N3.9 billion

Stanbic IBTC Bank Plc, has partnered Human Resources Managers, HRM of the companies whose employees subscribe to its Workplace Banking offerings to increasing employee productivity through engagement.

The Nigerian equities market is expected to maintain positive momentum this week as investors awaits the  2017 third quarter results for companies listed on the Nigerian Stock Exchange, NSE.