Business

INSURANCE companies and banks are to issue fiduciary bonds, also known as, integrity bonds to contracts for infrastructure projects, consultancy engagements and so on.
Vice-President, Yemi Osinbajo, who disclosed this at a breakfast meeting in Abuja, with the theme, ‘Rethinking Business Conduct

Facebook ’ s value was down by $ 111 bn when Wall Street opened on Thursday , one of the most dramatic share price declines in history , after the social networking firm reported slowing growth in user numbers following a string of recent scandals .
If losses hold at

Experts in the oil and gas sector have again lamented the continued backwardness of the country in spite of earning over $1 trillion from crude oil sales since the 1970s.
They said only about $2 billion was left in the ECA as at December 2017.
At a Roundtable on Savings

ROYAL Exchange Plc said it recorded N13.8 billion gross written premium, GWP, for the year ended December 31st 2017, representing 10.4 percent increase from N12.5 billion recorded the previous year. The company also recorded N7.1 billion net premium income for the period, while the underwriting profit stood at N7.6 billion.
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The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria (NAN) reports.
The Nigerian currency traded at N359.20 at the market on Thursday, while the Pound Sterling and the Euro closed at

European stock markets recovered Tuesday on easing political unrest in Germany, but shares in Swiss miner Glencore melted on news of a US legal probe over its global activities.
Around 1015 GMT, London’s benchmark FTSE 100 was up 0.5 percent compared with the close on Monday.
In the eurozone, Frankfurt’s