Sub-Saharan Africa to grow at a slower rate this year, World Bank says

The economy of sub-Saharan Africa is seen growing more slowly this year than previously forecast, largely due to weak investment and productivity, the World Bank said on Wednesday. In a report, it forecast growth in the region to be 2.4 percent in 2017, down from the 2.6 percent that it projected in April. But growth… Continue reading Sub-Saharan Africa to grow at a slower rate this year, World Bank says

Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

Nigeria’s National Insurance Commission (NAICOM) has revealed plans to work on statutory deposits of insurance firms to settle unpaid claims, while chief executives of companies whose deposits are applied to such would be discharged from official duty. Nigeria’s Commissioner for Insurance, Mohammed Kari, disclosed this at the ongoing Chartered Insurance Institute of Nigeria (CIIN) 2017… Continue reading Nigeria’s National Insurance Commission to sack chief executives over unpaid claims

Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.

  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on tuesday identified key-man risk in the banking sector as a huge challenge, just as he advised financial institutions to guard against it. Mr Emefiele pointed out that while appreciable momentum had been attained in corporate governance practices in the Nigerian Banking industry, the regulators… Continue reading Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.

KPMG: Africa’s Insurance Market is a sleeping giant.

KPMG Head of Insurance for East Africa James Norman has described Africa’s hugely unexploited insurance market as a sleeping giant. According to him, there is a real buzz about the sector because of its plentiful or enormous opportunities. “There’s a real buzz about the sector because opportunities are immense,” he says. “There’s a young population,… Continue reading KPMG: Africa’s Insurance Market is a sleeping giant.

How Nigeria’s Presidential executive orders impact entrepreneurship.

THERE are indications that the Small and Medium Enterprises, SMEs, in Nigeria would be key beneficiaries of the recent executive orders rolled out by the Presidency for ease of doing business in Nigeria. Nigeria’s Acting President, Prof. Yemi Osinbajo, on May 18, 2017, signed three Executive Orders aimed at facilitating the ease of doing business,… Continue reading How Nigeria’s Presidential executive orders impact entrepreneurship.

Nigeria’s Federal Government moves to insure national assets.

  The Nigerian Federal Government has said that it will ensure adequate insurance of its assets. Nigeria’s Minister of Finance, Kemi Adeosun, said this during the National Insurance Conference of the Insurance Industry Consultative Council with the theme: ‘Nigeria open for business’, in Abuja on Monday. Mrs Adeosun said, “Foreign investors have shown great interest… Continue reading Nigeria’s Federal Government moves to insure national assets.

NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION

It is projected that the revenue in Nigeria this year for the internet of things would be about $93m. This was made known by the managing director of Ericsson Nigeria, Mr Rutgar Reman as published in Thisday of June 26, 2017. Quoting a report from the International Data Corporation, he also said “with a revenue… Continue reading NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION