Insurance is a business of large numbers, and when this does not happen, a lot of pressure is seen on available premiums. This is what African Oil and Energy and Aviation Pools, owned by some members of the African Insurance Organisation (AIO) continues to suffer. The level of patronage is
Regional maritime security paramount to Nigeria’s economic devt: Dakuku Peterside, the director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), has said that the agency is taking the lead in tackling issues around maritime security in West and Central African sub-region, due to its negative impact on Nigerian
Foreigners stage impressive return to Nigerian stock market: Foreign stock buyers are staging an impressive return to the Nigerian equities market, accounting for 57.74percent of transaction in April against 42.26 percent by domestic investors. From January to April this year, the cumulative transactions in equities were valued at N1.091trillion, according
Speculative attacks fuel Naira depreciation: The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreak havoc on the naira before the deal gets underway. The News Agency of Nigeria (NAN) reports that the Governor of the Central Bank of
Dangote plans N30 billion institute for local artisans: Irked by the dearth of artisans in the construction sector, the Dangote Group is to spend about N30billion in the next five years in training 500,000 artisans in the construction industry. The move according to the Chief Executive Officer of Dangote Group,
There are signs that Electric Vehicles (EVs) pose a bleak future for the fossil fuel market: Volvo, a Swedish vehicle manufacturer, has committed to fit every car it produces by 2019 with electric or hybrid engines and BMW plans to mass-produce EVs by 2020, offering 12 models by 2025. A
If you’re like most people, the thought of leaving your house sans smartphone is akin to leaving an appendage behind. According to the Pew Research Center, 77 percent of Americans own a smartphone, and they’re spending an average of five hours a day checking in with their preferred digital device.
“People changing wheels on cars” It’s late on a wet and windy evening and you’re driving home along an unlit country lane. You hear a thud and then the car starts to pull strongly to one side. You’ve hit a pothole and it’s punctured a tyre. Any practically minded person
Liverpool fans look away now: Mohamed Salah has struck a deal with Real Madrid. That’s according to some dubious reports on Thursday, anyway. Don Balon are reporting that a total agreement has been reached with the Egypt international. Salah has been in fine fettle for the Reds this term, bagging
Track Vehicle SUMMARY: By synchronising this tiny device with your smartphone, you’ll be able to track its position on the map in real time. You can register alerts to be triggered if your car starts to move or leaves the area in which you parked it. So you’ll know instantly
GEM showcases success stories at W/Bank exhibition: Small businesses that have benefited from a World Bank support grant were given the opportunity to showcase what they have done to the general public. A World Bank Mission, comprising 10 executive directors, came to Nigeria to conduct series of visits and events
The National Association of Nigerian Traders (NANTS) has examined the recent Nigeria-China currency swap deal, which has been in the pipeline since 2016 and was finally consummated on April 27, 2018. We recall specifically that that on April 13, 2016, the Central Bank of Nigeria (CBN) and the Industrial and
The Bank of Industry (BoI), has opened discussions with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), and the Nigeria Export and Import Bank (NEXIM), to de-risk its loan portfolios to small scale businesses, the Managing Director, Olusegun Pita, has said. BOI is also working closely with these
Editor’s Note: This is an interesting piece of information on How to get out of debts. The situations referred to here are obtainable in the United States of America. Comments are solicited from readers especially as to whether Financial Institutions or other organizations in Nigeria render similar services to assist
MTN showcases 5G technology, other ICT innovations at TechFest: MTN has showcased a demo of the 5G technology using a smart robot, alongside other technological innovations at the TechFest which ended in Lagos yesterday. The maiden edition of TechFest, themed: ‘Spark Your Curiosity’ played host to thousands of tech enthusiasts
FG includes Imo in $60m loan for RAM project, The Federal Executive Council has approved that Imo State be included in the French Development Agency credit of $60 million for the scale-up of the Second Rural Access and Mobility Project (RAMP II). The approval was based on a memo presented
The Nigerian National Petroleum Corporation (NNPC) has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources told Reuters. Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017.
Growing up in Lagos, Nigeria in the early 1980s certain things never ceased to amaze me. One of them was the suya meat craze. It was usual to see many Hausa people in Obalenede area and Victoria Island, who didn’t look so neat in appearance, but have a throng of
THE FOOD COURT , Eateries, that is, Fast Foods/Quick Service Restaurants, can be found on almost every major street/road across major cities in Nigeria. In the Lagos metropolis, they have become ubiquitos. They come with flowery names, enticing as their many delicacies. We have Kenturkey Fried Chicken, KFC, Mr. Biggs, Chicken
Nigeria, Benin Republic to improve trade relations, The Nigerian Embassy in Benin Republic is set to open up the major borders connecting the two countries. This is targeted at improving trade relations between Nigeria and the neighbouring country. Nigeria’s Ambassador to Benin, Ambassador Emmanuel Oguntuase disclosed this in a chat
Barcelona Frenchman had been on the marketSamuel Umtiti afpBarcelona are awaiting the decision of Matthijs de Ligt, but every day that passes, the Blaugrana feel further...