IIA Nigeria seeks greater capacity for internal auditors

In a time when organizations, businesses and even individuals are disrupted in per second basis, the Institute of Internal Auditors Nigeria (IIA) plans to provide internal auditors, stakeholders and the society at large with resources to position their internal audit functions. The Nigeria arm of the global Institute of Internal Auditors wants to bring international……

Heritage Bank partners NPA to support improved ports infrastructure

Heritage Bank Plc has perfected plans to provide financing for building critical maritime infrastructures and other aspects of transport sector projects once policies driving the projects are well structured. According to the bank, this would be done in partnership with the Nigerian Port Authority (NPA), to boost  infrastructural provisions around the port . Ifie Sekibo, managing……

Stanbic IBTC takes financial literacy campaign to Covenant University

In a move to impact financial knowledge on Nigerian youths, Stanbic IBTC Bank, in partnership with the Creative Youth Community Development Initiative, a Wole Soyinka Foundation, has organised a financial literacy forum for students of Covenant University, Ota, Ogun Stat. Apart from raising awareness on good saving habits and financial education, the session also enabled……

Airtel 4G LTE to boost economic activities in Anambra

Airtel Nigeria has rolled out 4G LTE (Long Term Evolution Service) in Onitsha, Awka, Nnewi and other major cities and towns in Anambra State to foster economic activities and business growth in the state through technology. The telecommunications service provider says the switch to an upgraded 4G network in Anambra will boost trade and commerce; empower……

Traxtion, form JV to distribute rail parts into Africa

Private locomotive and rail operator Traxtion Sheltam and Austria-based rail services company Railway Material and Resources (RMR) have signed an agreement to create a joint venture (JV) called RMR Africa that will distribute rail parts across the African continent.   The JV brings together two established players in the rail industry. Traxtion has been providing……

Does new capital regime mean less advantage for ‘Lower Tier Insurers’?

There have been lamentations in some quarters within the nation’s insurance industry following the July 25 announcement by the National Insurance Commission (NAICOM) concerning take-off of the Tier-Based Minimum Solvency Capital Policy for insurance companies. This worsened when the Commission on a recent circular informed that companies will be assessed based on their 2017 financials,……

CBN intervenes in forex market with $210m

The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank foreign exchange market to the tune of $210 million, to boost liquidity and lower pressure in the market. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized dealers in the wholesale segment of……

‘Though stocks are down now, this may be the best time to cherry pick’

As the investment market tightens with equities trending downwards, only experts with an  eye on the tab can make good investments and achieve strong returns. Here Saheed Bashir, group head, Business Development, Meristem Group in this interview with Modestus Anaesoronye shares his thoughts on developments in the market, growth opportunities and his company’s propositions. Meristem……

FG sells 12.69 billion NSPMC shares to CBN

Federal government on Tuesday formerly handed over its 21% holdings totaling 12.69 billion shares in the Nigerian Security, Printing and Minting Company (NSPMC), to its new owners, the Central Bank of Nigeria (CBN). Chairman of the National Council on Privatization (NCP), Vice President Yemi Osinbajo who witnessed the signing ceremony, said Federal government was divesting……