30 results
- 1 Oct 2025
Cornerstone Insurance Takes over Annuity Business of Defunct Niger Insurance
Cornerstone Insurance Plc, one of Nigeria’s leading insurance providers has taken over the annuity business of defunct Niger Insurance Plc, and will continue to pay its customers on the scheme. Niger…
- 28 Jun 2022
NAICOM Cancels Niger Insurance, Standard Alliance’s Operational Licences
National Insurance Commission (NAICOM) has cancelled the certificates of registration of Niger Insurance Plc and Standard Alliance Insurance Plc. This was disclosed in a statement issued by ‘Rasaaq…
- 8 Sept 2010
Niger Insurance Sticks to Ethical Practice…Pays N1 bn Claims
At a time when the public public remains largely unconvinced that insurance companies truly pay claims in the event of occurrence of insured perils, Niger Insurance plc, one of Nigeria’s…
- 14 Feb 2012
NIGER Insurance to Raise N1.296b Via Rights Offer
Niger Insurance Plc, has initiated the process of raising, through rights offer, the sum of N1.296 billion; 2,677,079,286 ordinary shares of 50 kobo each, at N0.50 per share in the capital market.…
- 11 Jul 2022
NAICOM Threatens Fresh Sanctions on Erring Insurance Companies
After wielding big sticks against Standard Alliance and Niger Insurance, the National Insurance Commission has threatened to withdraw the licenses of more erring companies in a bid to sanitise the…
- 5 Jul 2021
NGX Suspends Royal Exchange, 3 Others
Nigerian Exchange (NGX) Limited has suspended trading on shares of Royal Exchange Plc, African Alliance Insurance Plc, Niger Insurance Plc and Tourist Company of Nigeria Plc. They were stopped from…
- 18 Oct 2021
Nigeria Exchange Slams N1Bn Fines on 40 Firms for Infractions
Nigeria Exchange Limited (NGX) has slammed N1 billion on 40 companies listed on the floor of the exchange for various market infractions. The fines were from 2020 to date. Analysis indicates that…
- 25 Jan 2010
Operator Tasks Insuring Public to Read their Policies
Mr. Adewunmi Adewole, managing director of Best Deal Insurance Brokers Limited, has recommended the use of insurance brokers for the insuring public whenever they are taking up any insurance…
- 1 Sept 2020
NSE Suspends 6 Companies from Exchange
Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform for failure to to adhere to the listing rules. As a result of this action,…
- 17 Feb 2015
Priority Communications Solves Fiber Cut Issues Via Air-Fiber-Samuel
Olumide Samuel, CEO, Priority Communications Limited is a data communications expert. He has been in the business of providing Data/ Telecommunications services to companies especially, banks for…
- 17 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 14 Feb 2012
Miss Insurance Donates, to check Infant mortality
Current Miss Insurance, Eberechukwu Chinyere Onuora, as part of her pledge to curtail infant mortality, recently donated items to pregnant women at the Oba Adeyinka Oyekan 11 Memorial Health Centre,…
- 14 Feb 2014
Glo Nokia Asha with D’banj Thrills Nigerian Youths
The recently introduced Glo Nokia Asha has continued to make waves among Nigerian youths. The smartphone was unveiled in Lagos at the formal announcement of the reappointment of one of Nigeria’s most…
- 22 Jul 2015
Distinguished Speakers as NCS Int’l Conference “Akure 2015” Begins Today
The Nigeria Computer Society (NCS) has scheduled prominent IT/ICT experts as speakers at the 12th International Conference “Akure 2015. The Conference which starts today is intended to provide a…
- 26 Mar 2014
FG to Raise N746Bn from Sale of NITEL, Others
Federal government is eyeing a whopping N746.6billion privatisation proceeds this year, according to the Bureau of Public Enterprises (BPE). Benjamin Dikki, director-general, BPE, said that his…
- 1 Nov 2016
Beware of “Wonder Banks”, CBN Warns
Central Bank of Nigeria (CBN) has warned Nigerians against patronising what it called ‘wonder banks’, stating that their activities were not regulated by it. And the so-called ‘wonder banks’, are not…
- 12 Apr 2010
Operators Have Risen to Domesticate Insurance Practice -Experts
The Nigerian insurance market has witnessed the launch of new products in recent times. This may not be unconnected with the special attention which the industry has earned following the…
- 10 Jun 2017
AfDB Approves €5m Equity Investment to Support SBs in sub-Saharan Africa
The Board of Directors of the African Development Bank Group (AfDB) has approved a €5 million equity participation in Investisseur & Partenaire pour le Développement 2 (IPDEV.2), to support Small…
- 28 Nov 2018
iSON Xperiences Secures $51 Million Investment from Gulf Capital, AfricInvest
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, and AfricInvest, a leading pan-African mid-cap-focused private equity firm, have partnered for…
- 23 Apr 2026
Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan
President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.…
- 20 Jun 2015
Sunmonu, Aig-Imoukhuede Appointed Petralon Energy Board Chairman, N-E Director
Petralon Energy has announced the appointment of Mutiu Sunmonu and Aigboje Aig-Imoukhuede as chairman and Non-Executive Director (respectively) to the Board of Directors of Petralon Energy…
- 13 Jan 2015
Chams Appoints Awosika as Director, Names New CFO
Chams Plc, leading technology firm, has announced the appointment of Dr. Josephine Awosika, to its board of directors. The company also named Mrs Christianah Olaniyan as its new chief…
- 6 May 2020
LCCI Seeks VAT Suspension, Asks for Tax Holiday for Manufacturers
Lagos Chamber Of Commerce and Industry (LCCI) has urged the Federal Government to suspend the implementation of the 50 per cent increment in the Value Added Tax (VAT), among others, to be able to put…
- 25 Mar 2014
NDIC Clinches Award @ Kaduna Trade Fair
The Nigeria Deposit Insurance Corporation (NDIC) has emerged the winner of the “Best Public Enlightenment Participant” award at the just concluded 35th Kaduna International Trade Fair. Organisers of…
- 16 Feb 2022
Senate to Amend 35-Year-Old Act to Compel Bankers to Declare Assets
The Senate has considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986. "The Bill For An Act To Amend The Bank Employees (Declaration of Assets) Act…
- 18 Feb 2013
Minna Banks Get N57Bn Deposits in 2012
Alhaji Mohammed Kabir Dangusau, chairman, Minna Bankers Clearing House Committee in Niger State,has said that Currency Operations in the Minna Clearing Zone in 2012 indicated that N56.71billion was…
- 17 Mar 2012
Onitsha Port Due for Commissioning- Umar
Federal Government has said the Onitsha port would be ready for operation in the second quarter of the year to ease transportation stress and reduce the sufferings of importers in the South-east zone…
- 25 Jul 2021
CBN Gov, Others Risk Arrest over Alleged Financial Violations
House of Representatives may issue a bench warrant against Godwin Emiefele, governor of the Central Bank of Nigeria (CBN) and 53 other heads of government agencies for gross violation of the…
- 18 Jun 2012
Orange Money Hits 4m Customers Mark, Launches in Jordan & Mauritius
Orange Money has reached the threshold of 4 million customers in Africa and the Middle East and celebrates its commercial launch in Jordan and Mauritius. These two additional countries mean that the…
- 19 Jan 2017
Nigeria Risks Losing 37% Of GDP to Corruption By 2030- Allianz
Corruption in Nigeria could cost up to 37% of GDP by 2030 if it’s not dealt with immediately, Allianz Global Corporate & Specialty (AGCS) has warned. AGCS is the Allianz centre of expertise for…