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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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APC Plans Mass Re-engineering of Federal System

The emerging APC administration is seriously considering mass re-engineering of the federal system, especially Ministries, Departments and Agencies (MDAs) to ensure the success of its policies and programmes when the party takes office at the federal level on May 29, 2015.

A senior APC chieftain confided in Business Journal in Abuja that considering that most of the heads of the MDAs were brought into office by the Peoples Democratic Party (PDP) or were clandestine card carrying members of the PDP, which had been in power since 1999, the success of APC policies may not be guaranteed under them.

The APC official said five basic criteria were being considered in the re-engineering process thus:
· Membership of PDP
· Level of Closeness to the Jonathan Administration
· Funding of Jonathan’s Presidential Campaign
· Those Tainted by Corruption/Incompetence
· Process of Nomination for Appointment

He said the last factor (nomination) is considered critical because many of the MDA heads were nominated by PDP chieftains, either on the basis of personal friendship or party loyalty and membership of PDP.Buhari

“Accordingly, leaving such MDA heads to operate within the emerging APC government could be considered as having PDP moles in the government,” the official said.

He added that what would make the process easier for the party is that the first tenure of the targeted officials will run out in 2015, which would open the door for an APC-appointed replacement without much rancor.

Responding to the development, an economic analyst in Lagos said:
“Well…it is a normal phenomenon for a new government to replace certain officials it considers too close or loyal to the previous regime, and as such could not be trusted, understand and have the capacity to implement the policies of the new administration. So, naturally, l expect some high-ranking officials to drop off the scene after May 29.”

However, another analyst insisted that performance should be considered as better benchmark in replacing heads of MDAs, being core professionals, rather than party affiliation.

In the final words of the APC chieftain:
“The re-engineering process is basically designed to root out politically incorrect individuals in the federal government system before they undermine the success of our government. The last thing we want are PDP moles in the system, setting up booby traps for the in-coming APC administration to fail.”

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Independents to Account for 25% Oil Production by 2020

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

NIPR, P+ Measurement Partner on Media Monitoring

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The World Bank Group announced an additional $100 million...
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