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Discos kick as NERC opens hearing on electricity fixed charge

Discos kick as NERC opens hearing on electricity fixed charge

By Obas Esiedesa Senior Reporter, Abuja   Electricity distribution companies (Discos) on Tuesday kicked against the new rule by Nigerian Electricity Regulatory Commission (NERC) that exempted customers from paying the…

EKEDC to generate 1000mw via embedded power project

EKEDC to generate 1000mw via embedded power project

By Anayo Korie Ag Energy Editor   Eko Electricity Distribution Company of Nigeria Plc has concluded plans to generate over 1000mw of electricity through embedded  power generation model  by 2019…

Optimising fortunes of Nigeria’s Sovereign Wealth Fund

Optimising fortunes of Nigeria’s Sovereign Wealth Fund

By Andy Nssien Business Editor   In many parts of the world, Sovereign Wealth Fund (SWF) has become  an effective tool to transform the economic landscape and development aspirations of …

Insurers always guilty of late filing of audited financials – NSE

Insurers always guilty of late filing of audited financials – NSE

By Sola Alabadan Senior Correspondent   The insurance companies have always been found wanting when it comes to submitting their audited financial returns to the regulators even before the International…

Informal sector participation: Nigeria studies Kenya pension scheme

Informal sector participation: Nigeria studies Kenya pension scheme

By Sola Alabadan Senior Correspondent   The National Pension Commission (PenCom) sent a study team to Kenya in line with the commission’s determination to ensure informal sector participation in the…

Don’t retire from life, retire to life

By Sola Alabadan Senior Correspondent It is folly to plan on only living to your life-expectancy Life-expectancy is the age where 50 per cent of the people who are your…

New Ecowas brown card effective 2015

By Sola Alabadan Senior Correspondent As part of efforts to eradicate fake Ecowas Brown Card, the sub-regional secretariat of Ecowas Brown Card Insurance Scheme in Lome, Togo has standardised the…

Sahelian Power injects N500m into Kano DISCO

By David Agba Senior Correspondent, Abuja   The Managing Director of Sahelian Power (SPV) Limited, owners of Kano Electricity Distribution Company (KEDC), Dr. Jamil I. Gwamna, has disclosed that the…

No premium no cover: Insurers get five days to pay claim

By Sola Alabadan Senior Correspondent The subsidiaries of Nigerian insurance companies in Ghana including Equity Assurance, WAPIC, Regency Alliance, IEI Ghana and NEM Insurance, have been directed to pay all…

Int Breweries offers 32 kobo dividend, as NSE index slips further

By Bamidele Ogunwusi Correspondent, Lagos   Despite a drop of 9.53 per cent in profit, the board of International Breweries has approved a dividend of 32 kobo per share of…

Employer now contribute 10% to pension, employee 8%

By Sola Alabadan Senior Correspondent To ensure that every retiree is financially independent at retirement, the Pension Reform Act 2014 reviewed upwards, the minimum rate of pension contribution from 15…

Aon lauds terrorism insurance law

By Sola Alabadan Senior Correspondent Aon plc, the leading global provider of risk and human resources solutions, has applauded the U.S. Senate for passing the Terrorism Risk Insurance Program Reauthorisation…

Uncertainty over PIB stalls investments in petroleum sector, says Egbogah

Uncertainty over PIB stalls investments in petroleum sector, says Egbogah

By Obas Esiedesa  -  Senior Reporter, Abuja Former Presidential Adviser of Petroleum Matters, Dr. Emmanuel Egbogah on Monday said there has been no major investment in Nigeria’s petroleum sector in…

Transcorp posts N9.75b Q2 profit

Transcorp posts N9.75b Q2 profit

By Bamidele Ogunwusi  /  Correspondent, Lagos Transnational Corporation of Nigeria (Transcorp) continued on a strong growth trajectory  as it announced Group Profit Before Tax (PBT) of N8.02bn for six months…

PoS transactions increase to N24b monthly – CBN

PoS transactions increase to N24b monthly – CBN

The Central Bank of Nigeria (CBN) said Point of Sales (POS) transactions value had increased from N38 million per month in 2012 to N24 billion monthly in June, 2014 This…

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