Archives for February, 2017 - Page 2
AMCON takes over Arik Air, appoints MD, receiver manager
The Asset Management Company of Nigeria (AMCON) has taken over the management of Arik Air that has been struggling with huge debts totalling N139 billion. AMCON said in a statement…
Apere now Linkage Assurance MD as Wiggle bows out
The National Insurance Commission (NAICOM) has confirmed the appointment of Dr Pius Apere as the substantive Managing Director/ Chief Executive Officer of Linkage Assurance Plc. Apere was appointed acting managing…
FG to set up $50bn biofuel fund – CBN
The Central Bank of Nigeria (CBN) has disclosed Federal Government commitment to establish a $50bn Biofuels Industry Equity Fund. The fund according to the apex bank will be used in…
Forex supply drops to $700m monthly
The Central Bank of Nigeria (CBN) has said that the monthly supply of dollars at its disposal had dropped to between $600m and $700m. Even as the bank had a…
Linkage Assurance launches unique retail products
Linkage Assurance Plc today introduced into the Nigerian insurance market, retail insurance products aimed at assisting policyholders in risk mitigation. These products, Linkage Purple Motor Plus and Linkage Third Party…
Heritage Bank identifies importance of reformed education system
Against the backdrop of reduced federal government revenue and consequent reduction in federal investment in the education sector, Heritage Bank Plc has indicated the urgency for reformed educational system in…
Electronic accounts submission in Insurance industry kicks off this year… NAICOM
The National Insurance Commission (NAICOM), has disclosed plans for the commencement of transition to electronic submission of accounts by insurance companies come this 2017. The Commission while disclosing this noted…
Nigerians react as Buhari again extends vacation
Reaction has continue to trail the extension of vacation of President Buhari Muhammadu. Yesterday, the social media went viral when it got information that the President had written yet another…
Violation of safety regulation: NCAA fines First Nation, pilot N33.5 million
The Nigerian Civil Aviation Authority (NCAA) has fined First Nation Airways (FNA) and one of its pilots a total of million for contravening safety regulations In a letter conveying the…
First Bank, GTBank, others among top 500 globally
First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc and the United Bank for Africa Plc have been named among ‘The Top 500 Banking…