Eddie Efekoha, MD/CEO Consolidated Hallmark Insurance Plc     BY NKECHI NAECHE—-Ahead of the Tier-Based Minimum Solvency Capital Policy for insurance industry in Nigeria, Consolidated Hallmark Insurance (CHI Plc) at the weekend said it has concluded plans to hold its Extraordinary General Meeting (EGM) on 28thNovember 2018. A statement released by the company said that the EGM … The post Consolidated Hallmark To Hold EGM To Up Authorized Share Capital To N7.5billion appeared first on Business Today NG.

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President Muhammadu Buhari on Friday dismissed the purported adoption of the Peoples Democratic Party (PDP), Presidential candidate, Atiku Abubakar, saying that “ it is of no substance” Speaking at a meeting with a select group of South-east leaders on Friday, at the State House, Abuja, President Buhari said that the moment the so-called resolution was...

The United Progressive Party (UPP), on Friday said the party has formally adopted President Muhammadu Buhari as its Presidential candidate, ahead of the 2019 general election. The National Chairman of the Party, Chekwas Okorie stated while briefing State House Correspondents after a closed-door meeting with the President in Aso Rock Villa on Friday. The move...

The Court of Appeal in Abuja has reduced the jail term of the former governor of Taraba State, Reverend Jolly Nyame from 14 years to 12 years. The court also fined the former governor the sum of N495million. The lead judgment on Friday held that the lower court erred when it took it upon itself … The post Court Reduces Jolly Nyame’s Jail Term, Orders Him To Pay N495m Fine appeared first on Business Today NG.

The Chairman of the Nigerian Bar Association Section on Business Law (NBA-SBL), Seni Adio, SAN has expressed optimism that the African Continental Free Trade Area Agreement (AfCFTA) would be successful signed in the nearest future. Seni who was recently inaugurated into the presidential committee for Impact and Readiness Assessment of the Africa Continental Free Trade...

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The National Council on Food Security on Friday said Federal government has set aside the sum of N60b to subsidize rice production in Nigeria This is just as the Council said government has also set aside another N24b to mitigate the negative effect of flooding on states ravaged by the recent flood disaster that destroyed...

A Federal High Court sitting in Abuja said President Muhammadu appointment as Petroleum Minister  has not violated the country’s constitution. Delivering a judgment in a suit filed by a Senior Advocate of Nigeria, Olisa Agbakoba, Justice Ahmed Raji Mohammed said there would have been a violation if Buhari had not appointed Dr. Ibe Kachikwu to...

Ten top deposit money banks lost a total of N10.5 billion to fraud and forgery incidences in 2017 according the annual report of the Nigeria Deposit Insurance Corporation (NDIC).   The loss represents 38.05 percent compared to N7.6 billion lost in 2016. This implies that these 10 out of 24 banks accounted for 87.63 percent...