New Telegraph

Insurance: Heirs reiterates commitment to digital technology

Insurance: Heirs reiterates commitment to digital technology

Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from their websites, www.heirsinsurance. com and www. heirslifeassurance.com, in mere minutes. The…

SUNU Assurances posts N313m profit amid COVID-19

SUNU Assurances posts N313m profit amid COVID-19

SUNU Assurances Nigeria Plc has returned to profitability in its 2020 financial year end, despite the effects of COVID- 19. The group posted a profit before taxation of N313.41 million during the year under review,…

StanChart reports highest yearly profit in Africa

Standard Chartered Plc yesterday released its financial results for the half year ending June 30, 2021. Profit before tax grew 37 per cent year on year, helped by improved loan impairments, strong underlying business momentum…

Nigeria, U.S. used vehicles’ trade hits N575bn

Nigeria, U.S. used vehicles’ trade hits N575bn

As the high import tariff regime aimed at discouraging imports and spurring local assembly failed to achieve its purpose, 500,000 units of used vehicles valued at N575billion ($1.15billion) have been ferried to Nigeria in one…

Lawmakers seek new laws to enhance Nigeria’s aviation sector

Lawmakers seek new laws to enhance Nigeria’s aviation sector

Chairman, Senate Committee on Aviation, Smart Adeyemi, said the sector could be in a precarious situation if the country does not have enabling laws that will meet the standard of the modern day industry. Adeyemi,…

NAPE advocates energy bank for Nigeria

NAPE advocates energy bank for Nigeria

…rallies 1,800 stakeholders for Confab   Highest body of petroleum explorationists in Nigeria, Nigerian Association of Petroleum Explorationists (NAPE), has advocated the establishment of energy bank to cater for the unique nature of oil and…

Senate to assist Ikeja Electric recover N70.96bn debt

Senate to assist Ikeja Electric recover N70.96bn debt

The Senate Committee on Privatisation and Commercialisation has promised to assist Ikeja Electric recover over N70.96 billion debt owed by customers. The committee, which was on oversight visit to the company, commended the DisCo for…

Shell unveils first female managing director in Nigeria

Shell unveils first female managing director in Nigeria

World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deepwater business, Shell Nigeria Exploration and Production Company Limited (SNEPCo), with effect from August 1, 2021. Elohor is the first…

As GenCos, NBET lock horns over N143.82bn debt

As GenCos, NBET lock horns over N143.82bn debt

Electricity generation companies and the Nigeria Bulk Electricity Trading Plc (NBET) are on a collision course as system debts hit N143.82 billion in three months. ADEOLA YUSUF, in this report, shows how debts, which have…

FAAN: Racing to stem airport facilitation crisis

FAAN: Racing to stem airport facilitation crisis

The last few months have been harrowing for international airlines and passenger facilitation. FAAN has been called to question for not quickly filling the void left by the coming to an end of the SITA…