FMAN
2 Oct
Following the success of the Flour Milling Association of Nigeria (FMAN) and IDH’s tree planting initiative in Jigawa State, where 5,000 seedlings were planted, the project has now extended to Bauchi State. On Thursday, September 26, an additional 3,000 seedlings were launched in a remarkable event held at Aminu Saleh College of Education, Azare, Bauchi.…
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Financial experts drawn from the non-interest finance sector in Africa have stressed the need to create strategies that would deepen the adoption of non-interest finance and takaful in Africa. The stakeholders who gathered at the second edition of the African Takaful and Non-Interest Finance Conference themed, ‘Islamic Finance and Takaful: Building Resilience in a Volatile…
NOW
Union Bank of Nigeria Plc has announced the appointment of Bayo Adeleke as its new board chairman along with seven other new members to its board. The new appointees, according to a statement released yesterday, include two executive directors, Kelechi Nwaoba and Taiwo Shote, and five non-executive directors – Mohammed Balarabe, Chiamaka Ezenwa, Ibrahim Oruma,…
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An underwriter, Capital Express Life Assurance, said it generated a premium income of N7.892 billion in 2023 as against N5.023 billion in 2022, showing an increase of 57 per cent. The insurer’s profit before tax was N754 million in 2023, a remarkable turnaround from the N4.6 million losses recorded in 2022. Speaking to shareholders at…
2 mins ago
The Central Bank of Nigeria (CBN) has launched a new website in its bid to enhance public communications. The Acting Director, Corporate Communications of the CBN, Mrs Hakama Sidi Ali said the new website goes live today. The statement added: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8…
4 mins ago
Stakeholders in the country’s insurance industry need reforms to position the sector for growth and contribute significantly to the economy. The industry players who gathered at the 2024 edition of the Business Journal Lecture themed, ‘Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria’, at the weekend in Lagos, also urged underwriting firms…
4 mins ago
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications and aviation sectors. In a statement issued yesterday in Abuja signed by the Commission’s director of corporate affairs, Ondaje Ijagwu, the FCCPC said the inquisitions, which will begin December 3 through…
6 mins ago
The sustained monetary tightening triggered a significant capital shift in the equities market in November as investors lost N63 billion in the month. This is contrary to the N2.5 trillion gain and unprecedented rally witnessed in the market in October 2024. The influx of impressive corporate earnings reports for the 2024 third quarter and nine…
7 mins ago
The Financial Reporting Council of Nigeria (FRC) is seeking an increase in transparency, integrity and standardisation in valuation practice as part of the desire to improve financial reporting. The Executive Secretary and Chief Executive Officer of the Council, Dr Rabiu Olowo, hinted at the aspiration Olowo at the Stakeholders’ Engagement on the Proposed Valuation for…
9 mins ago
The Chairman and Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brig Gen Mohammed Buba Marwa (rtd), has emphasised the critical role of training in addressing drug trafficking. Marwa made this assertion during the closing ceremony of a two-week training for NDLEA officers on combating international drug trafficking, sponsored by the German…