THE total asset of 58 insurance companies as at 2018 stands at N1.3 trillion, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said. This is coming after some years of non-availability of the true financial position of the insurance industry. This is because problems relating to insurance company’s inability to submit their […]

Winners of various prizes in a raffle draw by telecoms firm, Globacom, added to the spirit of excitement at Onitsha Ofala with testimonies of joy and tributes to the indigenous telecoms giant. The winners of the Keke Napep star prize were drawn by the wife of the Obi of Onitsha, Igwe Achebe, the Onowu of Onitsha, Chief […]

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to entrench downstream competitiveness using innovation and information technology The Chief Operating Officer Downstream, Adeyemi Adetunji made this assertion while declaring open the 13th Oil Trading and Logistics Expo taking place in Lagos. Adetunji who was represented by the Managing Director Petroleum Products Marketing Company (PPMC), Bala […]

LEKOIL Oil and Gas Investments Limited has announced the signing of a new $11.5m debt facility with FBNQuest Merchant Bank. The company said in a statement made available to the London Stock Exchange that the agreement was signed on Friday. LEKOIL Nigeria Limited, which is the parent company of LEKOIL Oil and Gas, said it […]

The Central Bank of Nigeria has given Access Bank Plc an approval to acquire Kenya’s Transnational Bank. The Board of Directors at the Access Bank Plc on Monday confirmed the proposed acquisition of the Kenyan Bank, according www.pulse.ng. Transnational Bank is a medium-sized commercial bank with a focus on Kenya’s agricultural sector. Access Bank announced […]

shareholders of Guinness Nigeria Plc have approved the payment of N3.32bn dividend declared by the company for the 2018 financial year. The approval was given at the company’s 69th Annual General Meeting, which held in Abuja. Guinness had posted a N5.5bn profit after tax for the 2018 financial year and a revenue of N131.4bn. The […]

 GTBank says it has removed all bank charges for undergraduates between 16 years and 25 years on its GTCRea8 account product. A statement said the undergraduates could now bank for free, as the bank would cover all charges on transfers, USSD transactions and bank alerts for holders of its GTCrea8 Account. It stated that GTCRea8 […]

The Chief Executive Officer, Ecobank Transitional Incorporated, Mr Ayeyemi Ade, says it is important for borrowers to always repay their loans on time to enable banks to be able to lend more to those who need loans. He said this while answering questions from journalists, after he was conferred with honorary fellows awards at the […]

The Central Bank of Nigeria has set new rules and capital requirements for Currency Processing Companies and Cash-In-Transit companies that want to operate in the financial sector. The CBN stated this in a circular on ‘Revised guidelines for the registration of cash-in-transit and currency processing companies in Nigeria,’ on Monday. It stated that a National […]