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AIICO Insurance Q1 2014 net premium margin surges 82.62%

AIICO Insurance Q1 2014 net premium margin surges 82.62%

AIICO Insurance plc started the year on an impressive note as the Nigeria insurer recorded…

Global freight market grows 4.7% in May

Global freight market grows 4.7% in May

There was an improvement in global cargo market in the month of May as airlines…

Fixed telephony operators lose 50% of active lines in one year

Fixed telephony operators lose 50% of active lines in one year

Fixed telephone operators in Nigeria, Africa’s largest economy by GDP, lost more than 56 percent…

SEC challenges AACN on West African Capital Market integration

SEC challenges AACN on West African Capital Market integration

Arunma Oteh, director-general, Securities and Exchange Commission (SEC), has challenged the Association of Assets Custodians…

Audi Centre, Diamond Bank woo customers with low-interest credit

Audi Centre, Diamond Bank woo customers with low-interest credit

The Audi Centre in collaboration with Diamond Bank plc has inaugurated flexible credit facility for…

13 Nigerian banks make world’s top 1000 banks ranking

13 Nigerian banks make world’s top 1000 banks ranking

For the second consecutive year, 13 Nigerian banks made the list of top 1,000 world…

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Multimedia

  • Frank Aigbogun’s opening speech at the 2014 BusinessDay Annual Innovation in Banking Awards.
  • Aigboje Aig-Imoukhuede at the 2014 BusinessDay Annual Innovation in Banking Awards.
  • Arunma Oteh’s speech at BusinessDay’s West African Capital Market Integration Conference.
  • BusinessDay speaks with Arunma Oteh, Director General SEC.
  • BusinessDay speaks with Ekow Afedzie, DMD Ghana Stock Exchange
  • Drama at the Confab
  • Projects in Nigeria up to July 2013 (capital value, $million)
  • Tony O. Elumelu’s Welcome Address at the U.S Secretary of Commerce Speech delivery in Lagos, Nigeria
  • U.S Secretary of Commerce, Penny Pritzker delivering her speech in Lagos Nigeria.
  • BusinessDay’s Top 25 CEOs Annual Award Dinner 2014
  • Toyin Sanni, CEO, UBA Capital plc at BusinessDay’s Top 25 CEOs Annual Award 2014.
  • BusinessDay’s Top 25 CEOs Annual Award 2014
  • BusinessDay’s Amadi Iheukwumere at The BD HR Conference
  • Niyi Alabi at The BusinessDay HR Conference

BD Cartoons

How we threaten to safeguard our democracy.…

BD Cartoons

OPEC agrees to renew 30 million bpd oil output ceiling

The 12-member Organisation of the Petroleum Exporting Countries (OPEC) has agreed to renew its oil production ceiling of 30 million barrels a day for the second half of this year, Minister of Petroleum Resources, Diezani Alison-Madueke, said at the end of a meeting on Wednesday. OPEC is satisfied with oil prices around $110 a barrel…

OPEC agrees to renew 30 million bpd oil output ceiling

Duncan Niederauer, NYSE moderniser

Duncan Niederauer learned that nothing lasts forever in financial markets when Goldman Sachs turned to him to figure out how to overhaul its trading business during the high-tech frenzy of the late 1990s. Goldman was looking for ways to maintain the unit’s profitability as computers displaced human stock traders on Wall Street. Mr Niederauer, who…

Duncan Niederauer, NYSE moderniser

Nigeria to explore Sukuks through 2017

Sukuk, the Islamic equivalent of bonds, will be a part of Nigeria’s strategic framework through 2017, market development director Patience Oniha of the Debt Management Office has told Bloomberg. Unlike conventional bonds, which bestow ownership of a debt, a sukuk will grant the investor a share of an asset, along with the equal cash flows…

Nigeria to explore Sukuks through 2017

Apple loses China patent case, separate suit against Apple continues

A Beijing court has ruled against Apple Inc (AAPL.O) by upholding the validity of a patent held by a Chinese company, clearing the way for the Chinese company to continue its own case against Apple for infringing intellectual property rights. Apple had taken Shanghai-based Zhizhen Internet Technology and China’s State Intellectual Property Office to court…

Apple loses China patent case, separate suit against Apple continues

Columnists

Markets

CBN raises finance companies’ capital requirement by 400%

CBN raises finance companies’ capital requirement by 400%

The Central Bank of Nigeria (CBN) has raised the capital requirement of finance companies by 400 percent from N20 million to N100 million. This was contained in the revised guidelines for finance companies in Nigeria released on Wednesday by the…

Naira flat, with more sales of dollars expected

Naira flat, with more sales of dollars expected

The naira was little changed against the dollar on the interbank market, amid expectations Nigerian National…

End to delayed N220bn MSMED fund as MFBs get new leadership

End to delayed N220bn MSMED  fund as MFBs get new leadership

One of the key focus of the new administration of microfinance banks (MFBs) in the…

Heritage Bank deepens customer experience with Awolowo Road opening

Heritage Bank deepens customer  experience with Awolowo Road opening

In line with its commitment to innovative customer service delivery, Heritage Bank Limited has reiterated…

Intelligence

The rising fortune of Sesame seeds

The rising fortune of Sesame seeds

Sesame seed (sesame indicum L.) is Nigeria’s second most important non-oil export after cocoa. It is also known as…

OilServ and the challenge of building local capacity in oil and gas industry

OilServ and the challenge of building local capacity in oil and gas industry

OilServ Limited in its 20 years foray into the Nigerian oil and gas industry has…

Total’s Ofon Phase 2: Boosting crude oil production, power generation

Total’s Ofon Phase 2: Boosting crude oil production, power generation

Ofon Phase 2, one of the projects being undertaken by Total Exploration and Production on…

Signal from operational zones

Signal from operational zones

In any given country, pipelines play an important role in providing the needed fuels for sustaining vital functions such as power generation, heating supply and transportation. But when pipelines are not adequately maintained, there is a tendency that they might turn to instruments of wastage. In Nigeria,…

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Forecast

Weather for Lagos Nigeria
Today Friday Saturday
It is forcast to be Chance of Rain at 10:00 PM WAT on July 10, 2014
Chance of Rain
30°/22°
It is forcast to be Chance of Rain at 10:00 PM WAT on July 11, 2014
Chance of Rain
29°/22°
It is forcast to be Chance of a Thunderstorm at 10:00 PM WAT on July 12, 2014
Chance of a Thunderstorm
29°/22°
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