Business

THE Director-General of the Nigerian Insurers Association (NIA), Olorundare Sunday Thomas, has expressed the Association’s readiness to collaborate with any institution in developing the human capacity needs of the local insurance market.

IN a bid at repositioning for greater service delivery and to revitalize its impact and relevance in the Nigerian financial services sector and that of the Insurance Industry in particular, the Chartered Insurance Institute of Nigeria (CIIN), has set in motion a strategy advisory exercise to identify key issues bordering on the growth and advancement of the Insurance Industry in the country, articulate actionable solutions and delineate key strategic imperatives for the Institute within a workable framework in the next five years and beyond.

SKYE Bank Plc. has reported total assets of N1.42 trillion during the financial year ended December 31, 2014, which represents a 26.8per cent growth over the N1.12 trillion recorded during the corresponding period in 2013.

A TURNOVER of 1.626 billion shares worth N14.426 billion was recorded in 20,124 deals by investors on the floor of the Nigerian Stock Exchange last week.

The Minister of Power, Prof. Chinedu Nebo, Chairman of Heirs Holdings, Tony Elumelu, Chief Executive Officer of Genesis Energy Global, Akinwole Omoboriowo II and Managing Director of Kaduna Electricity Distribution Company Plc, Idris Mohammad  have been recorgnised for contributing immensely to ongoing developments in Africa’s power sector.

A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) has said on.

DESPITE the country having over 140 million active mobile subscriptions, the Electronic Payment Providers Association of Nigeria (E-PPAN) has lamented the slow pace of mobile payment adoption in Nigeria.

DANGOTE Cement has announced a gross profit of N74.7 billion for the three months ended 31st March 2015, indicating an increase of 10.5 percent over N67.63 billion recorded in the same period in 2014.

MINISTER of Industry, Trade and Investment, Olusegun Aganga has said that the Nigeria Industrial Revolution Plan (NIRP) will boost the yearly revenue earnings of Nigerian manufacturers by up to N5 trillion.

BHP Billiton’s spin-off of South32 debuts on Monday in what is set to be the biggest mining listing globally in four years and a test of whether investors are starting to see value in battered mining shares.

GOLDLINK Insurance Plc has scored another first with the sponsorship of Certification Training and Examination in ISO 31000 Risk Management by the Global Institute of Risk Management Standard (G31000) held in Lagos.

STRATEGIC measures taken by regulators and operators of the industry may have increased the level of awareness on the benefits of insurance and deepen penetration in the country.