Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell is back in court over alleged involvement in the arrest of four Nigerian activists who were then executed by the military regime in the 1990s. According to AFP, their widows have launched a court case in the Netherlands against oil giant Shell for complicity in their deaths. Esther Kiobel, whose husband Barinem was hanged in 1995 along with famed…

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

With just ten days to go until Nigeria goes to the polls and with business nervous of the ensuing political risks, Africa’s largest economy is still facing myriad issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, warned: “Violent clashes between farmers and herders, undefeated terrorist group Boko Haram, poverty, and slow economic recovery from the worst…

Nigerian insurers act to curb motor fraudsters

Nigerian insurers act to curb motor fraudsters

Nigerian insurers act to curb motor fraudsters

The Nigeria Insurance Association (NIA) has launched the *565*11# service, accessible from any mobile phone, in a bid to cut out motor insurance fraud. It allows policyholders to check whether a policy is genuine against the Nigerian Insurance Industry Database (NIID). Tope Smart, president of NIA, said the objective is to combat insurance fraud by limiting the circulation of fake…

Allianz hoping for top three spot in Nigeria

Allianz hoping for top three spot in Nigeria

Allianz hoping for top three spot in Nigeria

Allianz Nigeria Insurance has launched itself launched into the Nigerian insurance market with the aim of climbing into the top three insurers in country. It said it would redefine risk underwriting in Nigeria. Sunkanmi Adekeye, managing director, Allianz Nigeria said the company is primed to offer the best products and services to Nigerian customers in both personal and commercial lines,…

Nigerians urged to buy insurance

Nigerians urged to buy insurance

Nigerians urged to buy insurance

Nigerians have been urged to buy more insurance to mitigate risks in their businesses. In recent years, there has been an increase in incidents of natural disasters, terrorism, financial crisis and disease outbreaks. Property owners face the risk of burglary, flooding, fire attacks and building collapse; business owners have to deal with the risk of damage and theft to their…

Nigeria set to reduce risks from world’s waste

Nigeria set to reduce risks from world’s waste

Nigeria set to reduce risks from world’s waste

The Nigerian government, Global Environment Facility (GEF) and UN Environment are to launch a $15m investment to create a formal e-waste recycling industry in Nigeria. The move is set to create safe jobs and boost the Nigerian economy. The World Economic Forum (WEF) annual meeting in Davos was told that waste creates huge risks for business and for populations. It…

New CEO named for Nigeria’s Goldlink Insurance

New CEO named for Nigeria’s Goldlink Insurance

New CEO named for Nigeria’s Goldlink Insurance

Nigeria’s Goldlink Insurance has completed a change in its board and management, as a result of the restructuring of the company’s interim management board by the National Insurance Commission. The firm said management headed by the acting managing director Funke Moore had successfully completed its mission of repositioning the company for a capital raise, hence the restructuring, and Ms Moore…

New solution to forex risk in Nigeria mooted

New solution to forex risk in Nigeria mooted

New solution to forex risk in Nigeria mooted

The Nigerian government will soon start sourcing foreign exchange from the Dangote Group, as soon as the latter’s refinery, petrochemicals and fertiliser projects come on-stream. Foreign exchange risks remain one of the top challenges facing Nigerian business and are frequently listed among the top risks by risk managers from across all sectors. This potential reversal of roles was disclosed by…

Nigerian SMEs to get funding boost

Nigerian SMEs to get funding boost

Nigerian SMEs to get funding boost

Nigerian small to medium-sized enterprises (SMEs) are to be targeted by a new fund, looking to boost businesses in agriculture, industrials, fast-moving consumer goods, healthcare, education and financial services. UK Government-backed CDC Group is backing a new investment designed to support high-growth SMEs in Nigeria. CDC has made a $15m commitment to CardinalStone Capital Advisors Growth Fund (CCA), which will…

Nigeria a major step closer to joining ATI

Nigeria a major step closer to joining ATI

Nigeria a major step closer to joining ATI

The African Development Bank Group has approved a $14.12m facility to support Nigeria’s membership of the African Trade Insurance Agency (ATI). The deal, organised through its trade finance operations, is a critical and mandatory step to enable ATI to commence its operations in Nigeria, according to the bank. Nigeria, as Africa’s largest economy, joins 14 other African countries that have…

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