The National Insurance Commission (NAICOM) today confirmed that it had taken over the management of Unic Insurance Plc to reposition the company on the track of sustainable growth. The commission’s spokesman, Rasaaq Salami, confirmed this in Lagos, stating that the takeover was necessitated by the need to avoid the risk undertaking company from going into […]
Author: brtnews
Adeosun Charges New Boards Of Parastatals On Reforms
The Minister of Finance, Mrs. Kemi Adeosun, has charged the newly-inaugurated Chairmen and board members of federal agencies to bring their wealth of experiences to transform them in order to achieve their mandate. She gave the charge yesterday in Abuja during the inauguration of the boards of four parastatals under her ministry. Adeosun, who spoke […]
Diamond Bank partners EDC on women empowerment advocacy
Diamond Bank Plc, in partnership with the Enterprise Development Center (EDC) of the Pan African University, has announced plans to provide support for more women in the society to continually press for progress, continue in their identified purpose and ultimately to pursue their passions. The lender made this pledge at an event held at the […]
MTN Targets $500m From IPO In Nigeria’s Bourse
MTN, Nigeria’s leading telecoms services provider, is set to raise about $500 million from the the sale of its shares through Initial Public Offering (IPO) in the Nigerian Stock Exchnage (NSE) before the first half of this year ends. The IPO would enable the company fulfil the terms of a pact it had with the […]
NEXIM Bank Provides N6Bn Facility For North East Exporters
The Nigerian Export Import Bank (NEXIM) has created a N6 billion North-East Intervention Fund to support exporters in the insurgency-ravaged region. The bank in a statement announcing the facility, indicated that its delegation had visited the region for an on-site assessment of export-oriented projects in the geo-political zone of the country. The delegation was led […]
IMF Urges FG On Confirmation of CBN’s Board-Member Nominees
The International Monetary Fund (IMF) has called on the Nigerian government to ensure the confirmation of nominees for appointments into the Board of the Central Bank of Nigeria (CBN) and members of its Monetary Policy Committee (MPC) . The Fund’s advice, which was contained in the IMF Article IV Consultation with Nigeria reflected that directors […]
African Development Bank Governors Caution On Rising Population
The African Development Bank (AfDB) and its East and North African Governors today restated the need for urgent measures by African governments to match the continent’s growing population and youth unemployment. The Governors, who likened the rising population to a “ticking time bomb”, at their two-day consultation held in Abidjan, Cote d’Ivoire, however, described the […]
FOREX: CBN Injects $210mn Into Inter-Bank Segments
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the Foreign Exchange (Forex) market with the injection of $210 million into three segments of the market. The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the Foreign Exchange (Forex) market with the injection of $210 […]
SEC Asks Deloitte To Commence Oando’s Plc Forensic Audit
The Securities and Exchange Commission (SEC) yesterday directed the consulting firm, Deloitte, to commence the forensic audit of the affairs of Oando Plc. Disclosing this during a media briefing in Abuja, the Acting Director General of the Securities and Exchange Commission (SEC), Abdul Zubair, said the directive was necessitated by the withdrawal of a […]
CBN Promises Improved Financial Services For Women
Determined to further support women’s productive initiatives in the country, the Central Bank of Nigeria (CBN) today promised to improve access to financial services for women, especially credit through its various intervention programmes. Making the pledge at the CBN 2018 International Women’s Day workshop tagged “Women Inspiring Change”, the apex bank’s Director, Development Finance Department, […]