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Okonkwo, new Fidelity Bank CEO, to engage investors more

Okonkwo, new Fidelity Bank CEO, to engage investors more

As a sign of the new things to come at Fidelity Bank, Nnamdi Okonkwo, its new chief executive, last week (April 15), engaged analysts in a conference call, where he…

Jonathan’s burden and making sense of Nigeria’s rebased economy

Jonathan’s burden and making sense of Nigeria’s rebased economy

By Lawson Omokhodion The base year for computing Nigeria’s GDP has now been officially shifted from 1990 to 2010. By 2016 government says the base year would shift to 2015…

Doubts over state of fire cover at Kaduna Airport

Doubts over state of fire cover at Kaduna Airport

By Abel Orukpe  / Correspondent, Lagos   More facts have emerged over weekend’s fire incidence that completely gutted the Kaduna Airport control tower, with analysts blaming it on the absence of…

NIMC gets ISO certification tomorrow

NIMC gets ISO certification tomorrow

By Dave Agba / Abuja The Director-General of the National Identity Management Commission (NIMC), Mr. Chris Onyemenam says efforts made so far by the government to create information security management system in…

FG favours 28 local firms in $40b oil contract deals

FG favours 28 local firms in $40b oil contract deals

THE FEDERAL Government may have awarded most of its long-term oil contracts worth an estimated $40 billion, covering around 340 million barrels of oil a year to local companies, according…

PenCom inspects pension operators 56 times in six years

By Sola Alabadan  / Senior Correspondent In the exercise of its statutory responsibilities, the National Pension Commission (PenCom) conducted 56 maiden, routine and target examinations on licensed pension operators between December…

Insurers face $7b claims first quarter

For the first quarter of 2014, preliminary estimates indicate that around $20 billion in economic damages and $7 billion in insured losses occurred from around 70 natural disasters worldwide. Impact…

Brokers strategise to adopt IFRS

As all listed companies were expected to have adopted the International Financial Reporting Standards (IFRS) since 2012, while the road map on the adoption of IFRS stipulates that by 2014,…

Wema nets N502m first quarter profit

Wema nets N502m first quarter profit

By Bamidele Ogunwusi / Lagos The management of Wema Bank, on Tuesday presented its score-card for the first quarter ended March 31 to the Nigerian Stock Exchange, showing that it remained…

Brokers strategise to adopt IFRS

As all listed companies were expected to have adopted the International Financial Reporting Standards (IFRS) since 2012, while the road map on the adoption of IFRS stipulates that by 2014,…

Terrorism financing: NAICOM charges insurers to beware

By Sola Alabadan  / Senior Correspondent To ensure that the insurance operators keep complying with the provisions of the Money Laundering (Prohibition) Act 2004 in view of the various allegations that…

Retirement is inevitable, be prepared

Plan to live rich and die rich  In order to be financially independent at retirement, every employee must give favourable consideration to not only making money at the present time,…

PenOp wants artisans included in pension scheme

The Pension Fund Operators Association of Nigeria (PenOp) is advocating that individuals in vocational type industries such as vulcanizers, hairdressers, etc., should be included in the contributory pension scheme being operated in…

Rice millers threaten strike over govt’s relocation moves

Rice millers threaten strike over govt’s relocation moves

Rice millers at the Abakaliki Rice Mill Company in Ebonyi State, have threatened strike action over government’s moves to forcefully relocate them. Chairman of the mill, Chief Joseph Ununu, in…

Budget don kpafuka again

Budget don kpafuka again

In keeping with our regrettable tradition of late enactment of Appropriation Bills, the 2014 budget was belatedly approved by the legislature, in April; i.e. well over three months into the…

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