Saturday, January 17, 2026
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Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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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

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

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Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Business

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

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P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

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

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

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FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

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NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

OPENING REMARKS BY THE CHAIRMAN, NIGERIAN EXCHANGE GROUP (NGX)...

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Insurance

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Glo Plans Internet Connectivity for West African Varsities

Globacom Limited has declared its willingness to provide Internet connectivity to higher institutions of learning in West Africa through its massive telecommunications infrastructure and international partnerships.

Mr. Folu Aderibigbe, Globacom’s Enterprise Group Commercial Coordinator, made the pledge at the third Annual Conference and fourth Annual General Meeting of the West and Central African Research and Educational Network (WACREN) held in Abidjan, Cote d’Ivoire.

He noted that with the Glo 1 international submarine cable linking Europe and West African countries, Globacom, would love to support WACREN in ensuring all the universities in the region have seamless connectivity to Europe.

Aderibigbe stated this while addressing policy and decision makers, scientists, researchers, network managers, identity and access management experts, and connectivity and equipment providers from across the world who attended the conference. He added that Globacom was in the front position in providing efficient and cost-effective connectivity to organisations and higher institutions in Nigeria, Ghana and Benin Republic.

The summit which had the theme, “Catalyzing Quality Higher Education and Research”, was attended by the head of Glo1 Ghana, Mr. Joseph Odoi, Minister of Higher Education and Scientific Research, Côte d’Ivoire, Prof. Ramata Bakayoko Ly, Minister of Higher Education and Scientific Research, Togo, Prof. Broohm, and the Vice President, Agriculture, Human and Social Development Complex, African Development Bank, Dr. Jennifer Blanke, among other personalities.

The Minister of Higher Education and Scientific Research, Togo, Professor Octave Nicoué Broohm, in his own comments at the summit emphasized the need for countries in the region to embrace the growing need for research in higher institutions by rapidly building digital capacities. He said the Togolese government was currently building Data Centres in state universities and restoring optic fibre cable connections to all universities in that country. He said his government planned to remove taxes to help facilitate access to ICT and boost research.

Similarly, Cathrin Stöver, who represented GÉANT, Europe’s leading collaboration on e-infrastructure and services for research and education, stressed the need to drive down the cost of bandwidth in the region and added that Geant has connected 42 universities in 15 years with €100s millions in contributions from the European Union and others.  Geant is responsible for connecting higher institutions in Africa to Europe to ensure students in Africa have access to knowledge bases from across the world.

The Vice President, Agriculture, Human and Social Development Complex, African Development Bank, Dr. Jennifer Blanke, stated that investment in research will stimulate and sustain economic growth and development.

The next edition of WACREN holds in 2018 in Lome Togo.

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Pension Industry Paid N271bn to Retirees in 2014

Operators in the pension industry paid out total of N271.15 billion as lump sum to retirees in 2014 under the new Contributory Pension Scheme (CPS) and an average monthly pension of N3.84 billion. In addition, another sum of N62.20 billion was paid as premium to insurance companies to provide life annuity for 14, 784 retirees. Mrs. Chinelo Anohu-Amazu, Director-General, National Pension Commission (PenCom) told Business Journal in an Executive Chat that a total of 115,529 workers had retired as at 31 December, 2014 with 87.20 percent (100,745) of the retirees on Programmed Withdrawal, while the remaining 12.80 percent (14,784 retirees) were on Life Annuity.

Lack of Capacity & Skills Stalling Growth of Insurance in Africa

The mission of Africa Re is to foster insurance development by supporting, assisting and working with national insurance markets in the African continent. That is the primary mission of Africa Re. When Africa Re was created as an initiative of African Development Bank following an agreement with Member States of the Organisation of African Unity (OAU), the idea was to bring together all states on the continent, provide capacity which was very rare at that time, bring capital and start doing what was being done by foreigners only.
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