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Business Journal, Author at Business Journal - Page 2 of 152

Consolidated Hallmark Insurance Raises Capital to N10bn, Shops for N5.5bn
December 2, 2019

Consolidated Hallmark Insurance Raises Capital to N10bn, Shops for N5.5bn

Consolidated Hallmark Insurance Plc has increased its authorised share capital from N7.5 billion to N10 billion divided into 20 billion ordinary shares of 50 Kobo each with the creation of additional five billion ordinary shares of 50 Kobo each. The capital raise was one of the resolutions approved by shareholders of the company at the

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Mr. Abisola Onigbogi (ED Technical, ARM Pension Managers), Mr. Babatunde Phillips (Head, States Operations Department, PenCom), Mr. Peter Aghahowa (Head, Corporate Communications Department, PenCom), Mrs. Carol Alex-Uzomah (AGM, Corporate Communications Department), Mr. Kunle Odebiyi (Head, Micro Pensions Department, PenCom), Mrs Eniola Adebulehin (SM, National Databank Management Department), Mr. Sola Adeseun (Acting Zonal Head, South-West Zonal Office, PenCom), Mr. Elochukwu Nwankwo (Legal Department, PenCom).
December 2, 2019

The PenCom 2019 Journalists’ Workshop in Benin-City

Mr. Abisola Onigbogi (ED Technical, ARM Pension Managers), Mr. Babatunde Phillips (Head, States Operations Department, PenCom), Mr. Peter Aghahowa (Head, Corporate Communications Department, PenCom), Mrs. Carol Alex-Uzomah (AGM, Corporate Communications Department), Mr. Kunle Odebiyi (Head, Micro Pensions Department, PenCom), Mrs Eniola Adebulehin (SM, National Databank Management Department), Mr. Sola Adeseun (Acting Zonal Head, South-West Zonal

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December 2, 2019

Funnel Unveils e-Logistic Services in Nigeria

Funnel Logistics Technologies Limited, Nigeria’s pioneer e-logistics technology company has launched its electronic courier aggregation platform – Funnel. The platform is an electronic facilitator for efficient and seamless request/fulfilment of deliveries through the best courier operators across Nigeria. The Funnel technology platform brings together customers in need of courier services and a diverse range of

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December 2, 2019

Microsoft Supports 2019 Candle Career Conference

Microsoft Nigeria has partnered the Candle Career to organise the 2019 edition of the Candle Career Conference which held on Saturday in Lagos. The conference which will be graced by seasoned speakers in various industries is themed: “Out of the Ordinary: The bedrock of an extraordinary career.” The conference is a spring up from “The

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December 2, 2019

Financial Inclusion and The Rise of Payment

By Elvis Eromosele Technology is an almost indispensable part of human history. It has however never quite progressed as projected. It almost always manages to beat expectations. The automobile, the television and even the computer all defied expectations. One of the biggest fears about technology was always about job loss. This fear never quite materialised.

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November 26, 2019

Consolidated Hallmark Insurance Plans Micro-Life Firm in 2020

Consolidated Hallmark Insurance Plc plans to float a micro-life insurance subsidiary in early 2020 once it receives the operating licence it is expecting from the National Insurance Commission (NAICOM). Mr. Obinna Ekezie, the Chairman of Consolidated Hallmark Insurance Plc said at the company’s Extra-Ordinary General Meeting (EGM) that the underwriter is eagerly awaiting the green

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November 26, 2019

Bvlgari Luxury Resort, Emirates Woo Nigerians to Dubai

A leading 5-star luxury hotel brand in Dubai, Bvlgari Resorts and Residences, in partnership with Emirates Airline, is encouraging Nigerian discerning travellers, VIPs amongst others, to visit the Bvlgari Resort property in Dubai. This was announced at a recently organized exclusive dinner event for CEOs of Travel agencies, in Lagos.   Opened in December 2017,

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MTN
November 25, 2019

Nigeria Becomes 1st in WA to Trial 5G Tech – via MTN

MTN Nigeria PLC (MTN) yesterday announced that Nigeria has become the first country in West Africa to trial 5G technology and applications. The result of a strong collaboration between the Ministry of Communications Technology and Digital Economy, the Nigerian Communications Commission, MTN and Huawei (Abuja), ZTE (Calabar) and Ericsson (Lagos.) This immersive demo and experience

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Guinea Insurance Plc
November 25, 2019

Guinea Insurance to Raise Fresh N8bn Capital Ahead Recapitalisation Deadline

Consequent to the June 30th, 2020 deadline given by the National Insurance Commission (NAICOM) for firms to comply with its new capital regime, shareholders of Guinea Insurance Plc at its 61st Annual General Meeting held recently in Uyo, Akwa Ibom State embraced its recapitalisation plan to increase its capital base to N12 billion. With the approval, the underwriting firm hopes to

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November 24, 2019

Niger Insurance Reports N593m Profit, Plans New Business Model

Niger insurance Plc has reported operating profit of N593 million in the 2018 financial year while gross premium written was N4.4 billion. The company also recorded gross premium income of N5.2 billion in the period under review. Dr. Stephen Dike, the Chairman of Niger insurance Plc said at the company’s 49th Annual General Meeting (AGM)

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Stanbic IBTC
November 24, 2019

Stanbic IBTC Named in World’s Top 100 Social Media Savvy Banks

Stanbic IBTC Bank Plc has been named amongst the Top 100 banks utilizing social media globally. The Top 100 list recently released by The Financial Brand reflected that Stanbic IBTC Bank emerged number 55 on the list of global social media savvy banks for the third quarter of 2019. The Top 100 list is made

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November 20, 2019

Verve Expands to UAE, Activates 1st Transaction in Dubai

Verve, a leading payments technology and card business in Africa, held a first transaction event in Dubai, United Arab Emirates. Verve Global cardholders can now use their cards on Discover Global Network to transact in more than 185 countries and territories, including Dubai, United Arab Emirates. The first transaction event took place at Emperor Retail

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Stanbic IBTC
November 20, 2019

Stanbic IBTC Reiterates Commitment to Agric Development

Stanbic IBTC, a member of Standard Bank Group, has reiterated its readiness to support the Nigerian agricultural sector with the aim of boosting food production in the country. Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank, disclosed this at the 2019 edition of the Lagos Farm Fair. The Lagos Farm Fair is an initiative of

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November 20, 2019

Banks’ Advert Spend Rose by N21m in October 2019

P+ Measurement Services, a media intelligence and audit agency and MediaTrak, undertook the analysis to show, Nigerian Banking Industry Advertisement spend and placement in the month of October 2019. The report shows that there was an increase of 20,968,528 in the total Nigerian Banking Industry media adverts spend in October compared to the month of September. TV media adverts in the Banking

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November 18, 2019

ALTON: Advocate or Antagonist

By Elvis Eromosele Technology enthusiasts are big on the power of new and emerging technologies to disrupt existing realities. Consider how personal computers, smartphones, and the internet caused disruptions. Today, we are talking about autonomous vehicles, 3D printing, robotics, artificial intelligence, wearables, and the likes. Oh, the possibilities! History has shown however that people can

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