Coronation Insurance plans fast-tracking claims arising from protest looting, vandalism
Charles Abuede
9 hrs
Charles Abuede Coronation Insurance Plc has unveiled its claims response platform put in place to ease the challenges experienced by customers and fast-track its response to claims arising from losses encountered by customers from vandalisms and looting activities across the country. Coronation Insurance, formerly Wapic Insurance, in a statement signed by Mary Agha, the […]
MTN Nigeria grows 9-months revenue 13.92% to N975.8bn
Charles Abuede11 hrs
Charles Abuede PBT down 0.6% to N211.6bn; PAT fell 3.3% to N144.24bn Mobile subscribers rose by 3.9m in 9 months to 75m Active data users on the network surged by 1.7m to 30.7m Nigeria’s telecommunication markets leader, MTN Nigeria, has announced a 13 per cent rise in its total revenue to N975.76 billion for […]
We’re managing Rivers’ oil & gas resources most effectively for overall benefit of the state
BEN EGUZOZIE12 hrs
Peter Medee was a lecturer in economics at the University of Port Harcourt before his appointment as Commissioner for Energy & Natural Resources, Rivers State. Business A.M.’s BEN EGUZOZIE sat with him at his 13th floor office on Point Block, the imposing 18-storey building housing the state secretariat, where he unveiled the ministry’s activities in […]
Bayelsa suffers setback as Supreme Court strikes out case on multi-billion-dollar Soku oilfields
BEN EGUZOZIE18 hrs
Ben Eguzozie, in Port Harcourt Returns matter to appeal court The nation’s apex court, the Supreme Court on Tuesday struck out Bayelsa State’s case seeking the nullification of a federal high court’s judgement on multi-billion-dollar Soku oilfields which had awarded the oilfields to neighbouring Rivers State. According to the Supreme Court’s panel of seven justices […]
Nigerian miners seek engagement with FG over reviving Ajaokuta Steel Mill
adugbaesaviour18 hrs
Onome Amuge A group of professional miners, under the auspices of the Miners’ Association of Nigeria (MAN), has charged the federal government to actively engage them in the planned reconstruction and operational revival of the Ajaokuta Steel Company Limited. The miners made the call following a Memorandum of Understanding between the Nigerian and Russian governments […]
Bharti Airtel nominates ex-banker to Airtel Africa’s board as non-executive director
Charles AbuedeOctober 27, 2020
Charles Abuede Airtel Africa plc, a leading provider of telecommunications and mobile money services across Africa, has announced the appointment of Kelly Bayer Rosmarin, who was formerly a group executive of institutional banking and markets at the Commonwealth Bank of Australia, as a non-executive director, replacing Arthur Lang, who steps down from the position with […]
Lagos reopens all markets fully for the first time since COVID-19
adugbaesaviourOctober 27, 2020
Markets in Lagos State are now allowed to open fully on a daily basis as the Lagos State governor, Babajide Sanwo-Olu has given his approved for this to happen across the state. Wale Ahmed, the Lagos State commissioner for Local Government and Community Affairs, made this known on Tuesday in a statement. Ahmed noted that […]
CAP, Portland merger faces positive cost, revenue synergy implications, say analysts
Charles AbuedeOctober 27, 2020
Charles Abuede Research analysts at FBN Quest Capital Research have said that the proposed merger between UAC of Nigeria (UACN) subsidiaries, Chemical and Allied Products (CAP) and Portland Paints and Products (Portland) is a pointer to the cost and revenue synergies for the firms. They stated in their review that the proposed union aligns with UACN’s […]
Anambra State sees return to normalcy, but N4.2trn economy still harried
BEN EGUZOZIEOctober 27, 2020
Ben Eguzozie Anambra State government announced that ‘life has returned to normal’ in the state after the mayhem of last week which saw gangs attack law enforcement agents, burn down police stations, vandalize public buildings, extort monies from law-abiding citizens and make life generally difficult for the people. This followed from weeks of #EndSARS protests […]
Looting, Vandalism: LSETF partners with private sector to get Lagos-based businesses back on their feet
Saviour AdugbaOctober 27, 2020
Saviour Adugba The Lagos State Employment Trust Fund (LSTEF) is partnering with private sector players to help looted businesses and businesses with vandalised properties get back on their feet in the wake of the vandalism and lootings that businesses in the state have experienced in the past few days after protests about police brutality turned […]
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