Business

NIA names Ganiyu Musa new chairman

    T he Nigerian Insurers Association (NIA) has elected the Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa as its new chairman.     He emerged chairman at the association’s virtual 49th Annual General Meeting (AGM).   Musa is a highly experienced management professional with diversified experience in insurance, reinsurance, audit, consulting, business advisory […]

Business

$3bn loans: 27 indigenous oil firms fret as banks begin recovery

●Lenders rally AMCON, more loan facilities turn toxic     BICKERING Controversy greets AMCON’s alleged takeover of Pan Ocean Group     O ver 27 of the indigenous oil firms in Nigeria are at the breaking point as more out of the total $3 billion loan facilities they accessed from banks turn toxic.     […]

Business

Neimeth partners FRSC on COVID-19 prevention

N eimeth International Pharmaceuticals Plc has kicked off a campaign to create awareness on the prevention of the Corona Virus disease.     The company is sponsoring Public Enlightenment Kiosks and other public awareness materials to sensitise the public on the various guidelines to prevent the spread of Corona virus (COVID -19).     According […]

Business

Lender trains SMEs on digital technology

B usiness owners in Nigeria have been advised to leverage on the opportunities provided by digital technology to boost productivity, service delivery and overall performance of their organisations despite the challenges posed by the novel Coronavirus pandemic.     This was the submission of guest speakers at the second edition of the First City Monument […]

Business

Presco’s earnings decline on cost pressure

Rising operational challenges have impacted negatively on earnings of Presco Oil Palm Plc. Chris Ugwu writes   O ver dependent on oil and gas as major source of revenue has continued to remain a major factor contributing to Nigeria’s inability to meet up with the global rise in demand for palm oil.     Aside […]

Business

Ex-NIA boss: How we battled unfavourable tax law

BURDEN Insurance companies experienced excruciating financial burden under the repealed law     F ollowing his successful tenure at the Nigerian Insurers Association, the immediate past Chairman, Mr. Tope Smart, has revealed the battle the association went through in ensuring that the unfavourable tax law, which held the insurance sector down for long was amended. […]

Business

Okwuashi: Maritime holds the key to Nigeria’s growth

The Rector, Certified Institute of Shipping of Nigeria (CISN), Alex Favour Okwuashi, a professor of maritime administration, in this interview with BAYO AKOMOLAFE,  says the maritime industry can grow the nation’s economy after coronavirus crisis, if government focuses on infrastructure development and capacity building   What was your observation of the port industry when coronavirus […]

Business

Telcos connect 1m broadband users in one month

●Penetration hits 40.14%     GROWTH Deployment of 4G infrastructure by network operators boosts the country’s broadband growth     T elecommunications operators in the country hooked one million new customers to high-speed internet in May, New Telegraph has learnt.     This brought the total number of broadband users in the country to 76.6 […]

Business

NSE closes week negative with 1.99% loss

LOW SENTIMENT Thirteen equities appreciated in price during the week, lower than 18 equities in the previous week T rading activities on the floor of the Nigerian stock market finished last week on the negative route as the NSE All-Share Index and Market Capitalisation both depreciated by 1.99 per cent to close the week at […]