Business

Insurance companies, banks to issue integrity bond to contractors

Insurance companies, banks to issue integrity bond to contractors

Business July 30, 2018 at 7:53 am 0 comments

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

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Facebook’s value crashes by $111bn

Facebook’s value crashes by $111bn

Business July 26, 2018 at 10:04 pm 0 comments

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

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Despite earning over $1trn in 50 years, Nigeria still backward -Experts

Despite earning over $1trn in 50 years, Nigeria still backward -Experts

Business July 23, 2018 at 4:06 pm 0 comments

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

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Royal Exchange posts N13.8bn premium in 2017

Royal Exchange posts N13.8bn premium in 2017

Business July 23, 2018 at 6:39 am 0 comments

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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Naira gains against dollar at parallel market

Naira gains against dollar at parallel market

Business, News July 6, 2018 at 7:47 pm 0 comments

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

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European stocks markets recover

European stocks markets recover

Business July 3, 2018 at 12:08 pm 0 comments

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

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