Archives for July, 2017 - Page 5
Royal Exchange settles N2.7 billion claims
Alhaji Auwalu Muktari, Group Managing Director, Royal Exchange Plc Royal Exchange General Insurance Company, (REGIC), one of Nigeria’s foremost insurance underwriters with a focus on General and Special Risks,…
REDTV Receives Industry nod, Bags Multiple 2017 NEA Award nominations
The pan-African online network REDTV has received nominations in several categories in the prestigious Nigerian Entertainment Awards (NEA). The lifestyle entertainment network is powered by the United Bank for…
BoI to Inject N1tn into Economy
The Bank of Industry (BOI) plans to inject N1trillion into the Nigerian economy through collaboration with financial institutions in the country and development institutions in Africa. The Managing Director…
NAICOM to sanction insurance firms for rate-cutting
The National Insurance Commission has said that it will tackle the issue of rate-cutting on insurance premiums by operators in the industry and apply appropriate sanctions on perpetrators of…
NSE lifts suspension on Sovereign Trust Insurance
STI MD The Nigerian Stock Exchange (NSE) has lifted suspension placed on the share of Sovereign Trust Insurance Plc following the submission of the 2016 audited and 2017 first…
First Bank: Building Social Investments Through Corporate Citizenship
L-R: Chief Eric Umeofia, President & CEO, Erisco Food Ltd; Tara Fela-Durotoye, Founder & CEO, House of Tara; Mrs. Ibukun Awosika, Chairman, FirstBank; Gbenga Shobo, Deputy Managing Director, FirstBank; and…
NAICOM Approval Guinea Insurance 2016 Accounts
The National Insurance Commission (NAICOM) has approved 2016 financial accounts of underwriting firm - Guinea Insurance Plc, the Executive Director, Finance and Administration, Pius Edobor has confirmed. According to…
Environmental makeover: Sterling Bank, DAAR Communication sign pact
MD/CEO, Sterling Bank, Yemi Adeola Leading commercial bank, Sterling Bank Plc and media broadcast corporation, DAAR Communication Plc, owners of Ray Power FM and AIT Television, have announced a…
No Heritage Bank staff involved in N150 million fraud
Heritage Bank Plc. has distanced itself from N150 million fraud in collusion with two of MTN’s staff. According to the bank, "Our attention has been brought to the report…
FG set to insure public assets
Kemi Adeosun The Federal Government yesterday assured its readiness to adequately insure all its assets. This was disclosed by the Minister of Finance, Mrs. Kemi Adeosun, during the 2017…