Jejelowo Tasks Women on Wealth-Building Investments

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Dipo Olowookere Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break. The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed. Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis. As a result, they liquidated their shares, leading to a negative market breadth

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

The odds of winning minor prizes in Powerball are about 1 in 25, and more often than not, many people smile their way to the bank after a successful trial. On the other hand, the odds of winning the Powerball jackpot are set at one in 292.2 million, making it nearly impossible to win. This is why Edwin Castro’s story is so intriguing. Edwin Castro entered the Guinness Book Of  World Records on November 7, 2022, for winning the largest jackpot in a national lottery. The California resident stunned the world when he won the $2.04 billion Powerball jackpot. Never

By Modupe Gbadeyanka The International Banker has announced the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr Ebenezer Onyeagwu, as the Best Banking CEO of the Year in Africa. Published by Finance Publishing Limited, the International Banker is a leading global source of authoritative analysis and opinion on banking, finance and world affairs. Its influence, integrity, accuracy and objective opinion have earned it global recognition. In its International Banker 2023 Banking Awards, published in the Spring 2023 issue of the International Banker Magazine, Mr Onyeagwu was honoured alongside other individuals and banks from the Middle East and Africa.

By Kabelo Makwane Think about a typical South African business and you’ll likely be thinking about a company where everything, or nearly everything, remains insourced. From HR to finance, supply chain and procurement, an ‘in-house’ mindset often pervades. At the same time, when management is focused mainly on the business’ ”core” operations, the upshot is often inefficiency in the non-core functions. And when it comes to ‘non-core’ functions – including procurement, marketing, HR, finance and others – many South African companies haven’t considered outsourcing. Yet, internationally, that inclination exists – tapping into business process services (BPS) and leveraging smart partnerships

By Aduragbemi Omiyale The Minister of Finance, Budget and National, Mrs Zainab Ahmed, has submitted that Nigeria performs poorly in implementing projects funded by the World Bank Group. Mrs Ahmed said this when she spoke recently at a retreat organised for members of the National Assembly on Process Optimisation in Donor-Financed Projects in Nigeria. At the event organised by the Ministry, she said it was because of this she created a task force on disbursement in donor-funded projects in Nigeria to evaluate, review and chart a fresh course to significantly increase disbursement levels in donor-financed projects in the country. Mrs

By Modupe Gbadeyanka Shareholders of Fidelity Bank Plc have been told to be rest assured of getting further impressive performance in the third quarter of this year. This assurance was given by the MD/CEO of the lender, Mr Nnamdi Okonkwo, while reacting to the financial statements of Fidelity Bank for the period ended June 30, 2019. The firm, in the first six months of 2019, recorded a double-digit growth in key revenue lines whilst achieving significant traction in digital banking uptake despite the country’s challenging and fiercely competitive business environment. According to Mr Okonkwo, the bank remained focused on the

By Adedapo Adesanya The local currency could not extend the gains it recorded on Thursday as it depreciated against the United States Dollar on Friday by N5 at the unregulated segment of the foreign exchange (FX) market. News reports that the Central Bank of Nigeria (CBN) was supplying enough FX at the regulated channels caused demand for the hard currency on the streets to wane. But yesterday, speculators took charge of the black market after the Naira initially traded at N490/$1 in the earlier hours trading. Their actions plunged the domestic currency to N498/$1 in the afternoon and at the

By Modupe Gbadeyanka Special Adviser to the Lagos State Governor in the Office of Overseas Affairs and Investment (Lagos Global), Professor Ademola Abass, has commended the Investment Champions attached to all the Ministries, Departments and Agencies (MDAs) for their proactive efforts at helping the State realise its goal of enhancing the ease of doing business. According to a statement issued by the Office, the efforts of the Investment Champions in their various MDAs has improved the free flow of information and communication among the various government agencies for the creation of an enabling environment for investments to thrive. He reiterated

By Modupe Gbadeyanka Mr Folasope ‘Fola’ Babasola Aiyesimoju has been announced as the new Group Managing Director/CEO of UAC of Nigeria Plc. This announcement was made by the board of directors of UAC of Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) on Thursday. According to the statement signed by the company’s Legal Adviser, Mr Godwin Samuel, the new Group MD/CEO will assume the position from Monday, April 1, 2019. “The board thanked Mrs Omolara Elemide for her hard work and dedication to the company as Acting GMD/CEO from January 2019,” the statement said. Commenting on the