Business

Kaspersky: Nigeria, others face increased IT security risks

TARGETS Top industries under attack in sub-Saharan Africa in H1’20 include government, education, healthcare, and military     Despite research showing an overall decrease in certain malware families and types in sub-Saharan Africa (SSA) in the first half of 2020, 36 per cent decrease in South Africa, 26 per cent decrease in Kenya and a […]

Business

#EndSARS: Labour condemns FG’s approach to protests

Following the brutal killings of unarmed protesters in Lagos and other parts of the country, organised labour under the auspices of National Union of Petroleum and Natural Gas (NUPENG) workers as well as Petroleum and Natural Gas Senior Staff Association (PEGASSAN) has condemned the situation, saying the unfortunate incident fell short of any acceptable minimum […]

Business

Groups probe oil firm’s opaque operations in Nigeria

DUE DILIGENCE There is an urgent need for binding due diligence legislation     Civil Society groups, Centre for Research on Multinational Corporations (SOMO) and Civil Society Legislative Advocacy Centre (CISLAC), have beamed searchlight on the activities of Dutch oil firm, Vitol, accusing it of shady deals and falling below standard international practice.   In […]

Business

MANEG: Nigeria’s export trade volume declines on border closure

DECLINE By the second quarter of 2020, the sector experienced a decrease in the total value of non-oil export by 45.64 per cent   Aftermath of Federal Government’s refusal to re-open the country’s borders, Nigerian exporters, under the umbrella of the Manufacturers Association of Nigeria Export Promotion Group (MANEG), have said its harsh decision is […]

Business

Premium Pension honours members for embracing mobile app

Premium Pension Limited has rewarded its members across the country who emerged as the first to download the company’s Multichannel Mobile App recently.   A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed Ali, said the initiative was a strategic plan aimed at enhancing customer service and providing premium experience to the company’s esteem […]

Business

Brokers programme media into insurance awareness drive

The Nigerian Council of Registered Insurance Brokers (NCRIB) has resolved to work closely with the media as part of commitment to drive insurance awareness in the country.   Making the declaration in Lagos, during a visit by executive members of National Association of Insurance and Pension Correspondents (NAIPCO), the President of NCRIB, Mrs. Bola Onigbogi, […]

Business

CBN reviews requirements for merchant, regional banks’ CCO appointments

Revise Merchant, regional banks can now appoint COOs not below AGM status   The Central Bank of Nigeria (CBN) has reviewed the requirements for the appointment of Chief Compliance Officers (CCOs) by merchant banks and re gional banks.   In a letter to all merchant banks and regional banks (commercial/ specialised) posted on its website […]