Business

RENOWNED economist and chief executive officer of Financial Derivatives Company Limited, Bismarck Rewane, has supported calls for the removal of controversial fuel subsidy in Nigeria, describing it as a criminal enterprise that has crippled the nation’s economy. Delivering the post yearly general meeting of International Chamber of Commerce Nigeria (ICCN) with the topic: “ Nigeria…

CHINA’S monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based on fundamentals and has not done much economic good. Yet, they have also warned that not taking action could have major…

THE knowledge base of the Nigerian Insurance Industry will soon be buoyed with the public presentation of the book; “Essentials of Engineering Insurance,”authored by former Managing Director of ACEN Insurance Company Limited, Mr Emmanuel Oyetoyan. The public presentation will be held on Thursrday, July 2, 2015 at the Nigerian Council of Registered Insurance Brokers, Alagomeji,…

CUSTOMERS, in large numbers, thronged their respective money deposit banks yesterday, to beat today’s deadline for the Bank Verification Number (BVN) exercise.

The ECOWAS commission has unfolded plans to fosters economic integration in the West African sub-region, through strategies that would ease trade among member states.

STANDARD Alliance Insurance Plc, has paid out a consolidated claims totaling N566.65 million to its affected policyholders during the first quarter of its operations this year, just as it has engaged Mr. Olukolajo Ezekiel, a longstanding insurance professional, to drive its underwriting and claims administration to clients’ all time expectations.

CORNERSTONE Insurance Plc has entered into partnership with Federal Road Safety Corps Zone 2, Lagos on a project aimed at reducing student related casualties on the roads to school.

DETERMINED to check leakages in the marine business in the nation’s ports, the Nigerian Insurers Association (NIA) has extended the marine module of the Nigerian Insurance Industry Database (NIID) to curb fraud of fake marine certificates.

AIICO Insurance PLC has announced a profit before tax of N3.2 billion for year ended December 31, 2014, resulting in a 156 per cent increase over N1.2billion loss recorded in the corresponding period of 2013.

THE National Insurance Commission (NAICOM) has approved 2014 accounts of Staco Insurance Plc, the company’s Managing Director, Sakiru Oyefeso, has confirmed.

INSURANCE industry chieftains have urged the government to make insurance the cornerstone of the nation’ economic vision.

US stocks ended a quiet session with modest losses on Thursday, but healthcare stocks rallied after the US Supreme Court upheld tax subsidies key to President Barack Obama’s signature healthcare reform law. Energy shares drove the day’s weakness, falling alongside crude oil prices, while uncertainty surrounding Greece also limited positive sentiment. Transport stocks .DJT, considered…