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Sovereign Trust Insurance delights shareholders with N9.2 billion balance sheet*Report 32% growth in investment income

Chairman , Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi, MD/CEO, Olaotan Soyinka and Executive Director, Marketing and Business Development, Ugochi Odemelam at the 22nd Annual General Meeting of Sovereign Trust Insurance Plc in Lagos.         BY NKECHI NAECHE—-Underwriting firm, Sovereign Trust Insurance PLC  yesterday said it ...

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Minister applaud BPE, seeks support for NIPOST agenda

The Nigerian Postal Service (NIPOST) is being reformed to undertake e-commerce and e-government services, the Minister of Communications, Alhaji Abdur-Raheem Adebayo Shittu has said. According to the Minister, the development is a strategic response to technological challenges “that have affected mail services globally”. Shittu, who stated this at a meeting ...

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Weststar Associates delivers 55 Mercedes-Benz trucks to Total Nigeria

Weststar Associates, representatives of Mercedes-Benz in Nigeria has successfully delivered 55 units of Mercedes-Benz Actros 3340S Trucks to Total Nigeria Plc in Lagos. Managing Director of Weststar Associates, Mr Mirko Plath, who described the transaction as exciting, explained that “Performance, reliability and cost-effectiveness were fundamental for the decision to purchase ...

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Ford donates $20,000 to conservation organisations

Conservation and related education projects in Kenya, Mozambique and Tanzania have gained new impetus following the provision of $ 20 000 grants to leading environmental organisations by the Ford Motor Company. Ford Motor Company has donated $10 000 to the Africa Foundation to empower its environmental education programme in Tanzania ...

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NAICOM vows to sanction managing directors over unpaid claims

Mohammed Kari, NAICOM Boss     BY NKECHI NAECHE—-The National Insurance Commission (NAICOM) yesterday said henceforth it will sack insurance managing directors over unpaid claims. This Commissioner for Insurance, Mohammed Kari, disclosed this during the 2017 Chartered Insurance Institute of Nigeria (CIIN) Professional Forum held in Abeokuta, Ogun State that ...

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Photo News: Faces at 2017 CIIN professional forum

L-R: MD/ CEO of Consolidated Hallmark Insurance Plc and Chairman of Nigeria Insurers Association ( NIA), Mr Eddie Efekoha, Commissioner Insurance, Mohammed Kari and Ogun State Governor, Senator Ibikunle Amosun  at the event held in Abeokuta, Ogun State.   (Middle) Managing Director of Linkage Assurance Plc, Dr. Pius Apere with other ...

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NSE Set for Historic AGM, to Elect New Council Presid

As the Nigerian Stock Exchange prepares to host its 56th Annual General Meeting, there are strong indications that this will be a pivotal meeting in many respects. In the notice of the AGM published in ‘BusinessDay on Friday, August 25, 2017, the exchange listed under the Special Business to elect ...

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The CBN’s New Confidence in FX Policy

Our chart captures exchange-rate movements over the past two years, marked initially by the fx scarcity triggered by the oil price slide in mid-2014. The differential between the rates (official and bureaux de change) initially narrowed with the liberalization of June 2016 that was not to be, but widened again ...

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