Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the change of its tagline from “Moving Forward” to “It Can Be”. Unveiling the new slogan, Yinka Sanni, outgoing Chief Executive, Stanbic IBTC Holdings PLC, said that these special times require a stronger connection with the organisation’s customers. “As […]
Business
NEM records 31.3% gross premium increase
Sunday Ojeme Sustaining its leading role in the nation’s underwriting sector, NEM Insurance Plc has grown its annual gross premium income by 31.3 per cent from N15. 04 billion in 2018 to N19. 8 billion in 2019. Giving the breakdown at the company’s 50th Annual General Meeting, the Chairman, Dr. Fidelis Ayebae, said […]
Access Bank to reverse Feb-April stamp duty deductions
Access Bank has offered to pay stamp duty charge for February to April on behalf of its customers. It also said deductions made between Saturday and Sunday would be reversed to customers. In a statement on Sunday, the bank said it recognised that it is a tough period for customers. The bank’s customers had […]
Air accident investigation’s very frustrating, says Ajayi, first female investigator
Taiwo Ajayi holds the record of being the first female accident investigator in Nigeria. In this interview with WOLE SHADARE, the University of Lagos biochemistry graduate, who first practiced as an air traffic controller before transferring her skills to the Accident Investigation Bureau (AIB), spoke about finding herself in a male dominated profession, challenges and […]
CBN moves to boost foreign reserves to support naira
…as FG opens talk with World Bank, others on $6.5bn loan T he Central Bank of Nigeria (CBN) will strive to increase its foreign reserves to safeguard the value of the naira currency and has put in place measures to curb speculation, it said on Thursday. The statement came as Nigeria’s […]
Rising debt: Nigeria may go bankrupt in 2020 –Experts
•Debt service to gulp all 2020 revenue –IMF •Says economy to shrink by -5.4% •Nigeria’s rating at risk as financing gap rises –Fitch According to the Joint World Bank-IMF Debt Sustainability Framework for Low-Income Countries released in 2020, a country’s debt service to revenue threshold should not […]
SON tasks producers of sanitisers, wash lotions on standards
T he Standards Organisation of Nigeria (SON) has warned manufacturers of hand sanitisers and liquid hand wash, to adhere strictly to global best practises, saying failure to do so would attract penalties. The agency pointed out that the importance of quality hand sanitisers cannot be overemphasised at a time when the world was on […]
COVID-19 will push 5m Nigerians into poverty –World Bank
N igeria’s coronavirus outbreak may push over 5 million people into poverty as it triggers the worst recession in the African powerhouse since the 1980s, the World Bank said on Thursday. The twin shock of the pandemic and a global oil price crash has pummelled Nigeria, which has Africa’s largest economy […]
FG may crash price of cooking gas
T he Federal Government says it will evaluate and review the price of domestic gas across the country so as to make it more affordable for ordinary Nigerians. Timipre Sylva, Minister of State for Petroleum Resources, made this known while inaugurating a committee on the gas sector-wide review of the domestic […]
PZ Cussons Foundation supports Lagos in fight against coronavirus
T he PZ Cussons Foundation, in keeping up with its promise to extend its support for the fight against the COVID-19 pandemic in Nigeria by encouraging hand washing, recently donated soaps to the Lagos State Ministry of Health towards controlling the spread of COVID-19 in the state. The donation was received […]