The National Insurance Commission (NAICOM) says that investors and consumers of insurance products and services in the country are applauding the Tier-based Minimum Solvency Capital (TBMSC) policy introduced recently by the Commission in the insurance industry. Mr. Mohammed Kari, Commissioner for Insurance, NAICOM, said in Abuja that the new TBMSC policy did not change the
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September 17, 2018
NAICOM: ‘Investors, Consumers Happy with Tier-Based Capital Policy’
- By : Business Journal
- Insurance
September 17, 2018
Most Influential Global CEOs for World Business Forum in New York
“Mr. Emotional Intelligence”- Daniel Coleman The world’s indisputable authority on emotional intelligence, Daniel Coleman and other global thought leaders will be presenting their latest insights at the prestigious World Business Forum at Lincoln Centre New York from November 14-15. Coleman will be revealing how to cultivate the internal and interpersonal integration necessary to be a
- By : Business Journal
- Business
September 17, 2018
BPE to Privatise Nigeria Re via Public Offer
The insurance sector in Nigeria has continued to enjoy steady growth with Premiums increased from N75 billion to over N300 billion between 2005 and 2015, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has disclosed. Speaking as a special guest at the investiture ceremony of the 23rd Chairman of the Nigerian
September 17, 2018
ITU Telecom World 2018 Spotlights Innovation for Smarter Digital Dev
The ITU Telecom World 2018 concluded recently in Durban, South Africa following an action-packed week of debates, networking, showcasing and Awards. The event, which welcomed more than 3100 participants from 94 countries brought together an impressive line-up of top-level government representatives, influential industry leaders – from established players to small- and medium-sized enterprises (SMEs), and from
- By : Business Journal
- IT & Telecom
September 17, 2018
Global Airlines Financial Monitor: August 2018
Key Points: The latest Q2 2018 data reaffirm a decline in airline profitability compared to the same quarter a year ago. Industry-wide cash flow generation is broadly unchanged vs. Q2 2017. Global airline share prices edged higher in August, matching the wider global equity index, and consolidating the strong gain recorded in July. This month’s
- By : Business Journal
- Aviation
September 14, 2018
PenCom, Operators Ready for Micro Pension Launch in Jan 2019
The National Pension Commission (PenCom) and operators in the pension industry say they are ready to implement the micro pension scheme scheduled to take off in January 2019. The micro pension scheme is designed for persons in the informal sector of the economy. The declaration by Dr. Farouk Aminu, Head of Research & Corporate Strategy
- By : Business Journal
- Insurance
September 14, 2018
AfDB Approves Policy on Non-Sovereign Operations
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional terms.
- By : Business Journal
- Banking
September 14, 2018
Mauritius: A Blueprint for Africa’s Future Cities
Firmly established as Africa’s most progressive business orientated jurisdiction, Mauritius’ forward-thinking and nimble policies have resulted in the island nation riding the wave to the centre of investment and development in Africa. While its business-friendly framework and investment orientated tax policies are firmly established, the growing multi-sector opportunities for developers on the island are increasingly
- By : Business Journal
- Economy
September 13, 2018
Access Bank Poised for Greater Performance Beyond H1-18 Result
Access Bank Plc in its latest result for H1-2018, grew EPS by a marginal 0.42% vs. H1-17 to NGN1.37. Interest income increased by 15.31%, driven by growth in interest earned on customer loans. However, a faster growth in interest expense by 29%, led to a meagre 3% increase in net interest income. Most non-interest income
- By : Business Journal
- Banking
September 13, 2018
NSE Downgrades E-Tranzact from Medium to Low Stock
The Nigerian Stock Exchange (The NSE ), hereby announces the reclassification of E-Tranzact International Plc (ETranzact) from Medium Priced Stock to Low Priced Stock further to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules). For upward or downward movements in price to occur on any Low Priced Stock that is priced
- By : Business Journal
- Business, IT & Telecom
September 10, 2018
MTN Sues CBN, AG over $10.1bn Forex, Tax Sanctions
The MTN Group says it has sought court injunction to protect its business assets in Nigeria over its $8.1 billion dispute with the Central Bank of Nigeria (CBN) and the $2 billion tax bill slammed on the company by the Nigerian Attorney-General. “Nigeria is our largest market. We’ve been operating there since 2001,” MTN Chief
- By : Business Journal
- IT & Telecom
September 10, 2018
CBN, NDIC, FinTechs Set for 2018 FICAN Conference
The 2018 annual conference of the Finance Correspondents Association of Nigeria (FICAN) will hold in Lagos on 15th and 16th of September, 2018 The conference, with the theme: “Banks, Fintech and Nigeria’s Financial Inclusion Journey,” has the Central Bank of Nigeria (CBN) Governor as the keynote speaker. There will also be representatives from the Nigeria
September 9, 2018
AfDB President, Adesina, Adeosun for 2018 ASEA Conference
The Nigerian Stock Exchange (NSE) is pleased to announce that over 44 keynote speakers and thought leaders have confirmed to speak at the 22nd Annual African Securities Exchange Association (ASEA) Conference scheduled to hold on November 26 and 27, 2018 at the Oriental Hotel, Lagos, Nigeria. Among the growing list of influential speakers are Mrs. Kemi
- By : Business Journal
- Business
September 7, 2018
Global Retirement Funds Rise to $18.1tr in 2017
Costa Rica: The No. 1 place to retire! The world’s largest retirement funds recorded double-digit growth in 2017, with the latest survey by Pensions & Investments and the Thinking Ahead Institute showing assets of the 300 largest retirement funds growing 15.1% to hit $18.1 trillion. By comparison, assets grew 6.1% in 2016. And as global equity markets
- By : Business Journal
- Pension
September 7, 2018
Sell Pressures Weigh on Local Bourse… ASI Down 88bps
Sell pressures in GUARANTY (-4.6%), STANBIC (-4.3%) and UNILEVER (-6.4%) weighed on market performance dragging the All Share Index (ASI) 88bps lower to 34,110.22 points. As a result, YTD loss contracted further to -10.8% while N111.0bn was wiped off market capitalization (current value – N12.5tn). In the same vein, activity level fell as volume and value traded slid 17.9% and 4.2%
