Tag: Nigeria Business Now

NAICOM releases new guidelines to strengthen industry’s operations

The National Insurance Commission (NAICOM) has released new guidelines to address underwriting challenges. The areas covered are distribution, insurance product innovation, policy and claims servicing. Other areas covered by Insurance Regulatory Sandbox Regulatory Guidelines, are market conduct guidelines for Takaful, Retakaful insurance operators, enterprise risk management framework for Takaful. According[Read More…]

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Wema Bank Launches SME Business School 5.0

Wema Bank, the leading innovative bank in Nigeria, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) in Nigeria – the Wema SME Business School 5.0. The programme aims to equip SME business owners and entrepreneurs in Nigeria with the necessary skills and knowledge[Read More…]

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Sterling Bank Promotes Renewable Energy-Powered Agriculture with Fresh AATIF Fund

Nigeria’s leading financial institution, Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by lending the sum of $15 million to sustainable and renewable energy-powered Agric enterprises. The $15 million medium-term facility from the Africa Agriculture and Trade Investment[Read More…]

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LP chieftain tasks incoming administration on fair distribution of political offices

A chieftain of Labour Party (LP), Mr Chinedu Onyeizu, has called on the incoming Federal administration to demonstrate fairness, equity and all-inclusiveness to all geopolitical zones by ensuring that political offices are evenly distributed. Onyeizu, who was LP Senatorial Candidate for Abia South in the 2023 general election, made the[Read More…]

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2,246 Nigerians evacuated from Sudan – NiDCOM

Nigerians in Diaspora Commission (NiDCOM) said a total of 2,246 Nigerians have so far been evacuated from Sudan. Head of Media, Public Relations and Protocols Unit of NiDCOM, Mr Abdur-Rahman Balogun, stated this on Friday in Abuja, while giving updates on the Federal Government’s evacuation efforts since May 3. He[Read More…]

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BVN won’t expire in 10 years, CBN

The Central Bank of Nigeria says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin said this in a statement on Wednesday. He said the claim was completely false and[Read More…]

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