Insurance experts push negotiation, mediation as options for claims dispute resolution
Olivia Nnorom
November 28, 2022
By Olivia Nnorom Experts in the insurance industry have recommended negotiation and mediation as effective means of resolving claims-related disputes other than arbitration and litigation. The experts, who spoke at the maiden edition of the annual insurance claims advocacy conference (ICAC) organised by Care First Consult in Lagos on Thursday, said litigation should be the […]
JAC slashes car prices by N1m in year-end promo
Mike OchonmaNovember 26, 2022
BY MIKE OCHONMA JAC Motors Nigeria is offering a special end-of-year promo for its numerous existing customers as well as potential customers across the country. The company says it wants its customers to celebrate holidays and the festive season in a grand style through its latest sales promotion tagged, ‘JAC Motors End-of-Year-Promo’. It says […]
Personal savings, family, cooperatives top finance sources for Nigeria MSMEs, says report
Onome AmugeNovember 25, 2022
By Onome Amuge Majority of entrepreneurs in Nigeria depend on personal savings as the main source of financing for their businesses, according to a new report by FATE Foundation, a non-profit providing entrepreneurship knowledge to Nigerian startups. Whereas 74 percent of entrepreneurs surveyed by the FATE Institute, the research, policy and advocacy arm of FATE […]
Cote d’Ivoire’s Djamo secures $14m to expand across Francophone Africa
Chisom NwatuNovember 25, 2022
By Chisom Nwatu Djamo, a Fintech startup based in Cote d’Ivoire, has raised $14 million in a funding round to expand into two new Francophone countries and also expand its product portfolio before the end of 2023. Djamo raised the new funds from Y Combinator and three lead investors — Enza Capital, Oikocredit […]
Signature, new commercial bank, berths to offer better customer experience
Cynthia EzekweNovember 22, 2022
By Cynthia Ezekwe …We’re working to open several locations across Nigeria, says Otti Signature Bank, a brainchild of Alex Otti, a former group managing director (GMD) of the defunct Diamond Bank, and his friends, has joined the list of commercial banks in Nigeria. The bank, which began operations in Abuja on Monday, is on […]
STL Trustees wins big, clinches two prestigious awards at BAFI 2022
Animashaun LutherNovember 16, 2022
STL Trustees Limited has further consolidated its leadership position in the nation’s corporate trustees’ space by winning the Trustees Company of the Year Award, even as its Managing Director/CEO, Mrs. Funmi Ekundayo, also won the Trustees CEO of the Year Award at the 2022 edition of the BusinessDay Banks and Other Financial Institutions […]
NESG proposes $9trn GDP target for Nigeria by 2050
Cynthia EzekweNovember 16, 2022
By Cynthia Ezekwe The Nigerian Economic Summit Group (NESG) has asked the federal government to target growing Nigeria’s gross domestic product to $9 trillion in the next 28 years. Asue Ighodalo, chairman of NESG, said this at the 28th edition of the Nigerian Economic Summit tagged ‘Shared Prosperity: 2023 and Beyond’ in Abuja. Ighodalo said […]
FBNQuest counsels firms on capital financing choices
Chisom NwatuNovember 16, 2022
By Chisom Nwatu FBNQuest, the investment banking and asset management business of FBN Holdings Plc, has cautioned and advised private mid-cap companies to carefully explore the capital financing options available in the local financial markets. According to the company, equity and quasi-equity capital are important sources of financing for mid-cap companies seeking investment for their […]
Two-thirds of young adults want more financial advice from parents – Survey
Olivia NnoromNovember 16, 2022
By Olivia Nnorom Nearly two-thirds of young adults would like to have more conversations with their parents about money and finances, in contrast to what 38 percent of parents thought, according to MoneyTransfers.com’s analysis of data from a Canadian survey. The survey, conducted by RBC (Royal Bank of Canada), found that […]
LCCI advises CBN to convert lower currency notes to coins
Godfrey OfurumNovember 14, 2022
By Godfrey Ofurum The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) to consider converting the country’s lower currency notes into coins to facilitate highly repetitive retail transactions and to avoid printing pieces of low-value notes with a short lifespan. Michael Olawale-Cole, president of the chamber, […]