By Ginika Okoye The National Insurance Commission (NAICOM) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding (MoU) to standardise requirements for issuance of insurance bonds and public procurement. Bond insurance, or financial guarantee insurance, is a type of coverage purchased by bond issuers (likeContinue Reading
By Rukayat Moisemhe The Publisher of The TMBC Business, Mr Tony Monye, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria for reducing the Monetary Policy Rate by 50 basis points to 26.5 per cent from 27.0 per cent. Monye made this known in Lagos onContinue Reading
By Taiye Olayemi The equities market rebounded on Monday from its previous session’s loss as investors gained N1.725 trillion. Investors renewed interest in key stocks like: NGX Group, Aradel, Union Homes Real Estate Investment, Sovereign Trust Insurance, PZ and 26 other advancing stocks contributed to the market’s positive performance. TheContinue Reading
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has inaugurated an integrated Compressed Natural Gas (CNG) refuelling facility at the Obafemi Awolowo University (OAU), Ile-Ife to spur gas availability and reduce transport cost.Continue Reading
By Taiye Olayemi National Institute of Credit Administration (NICA) Chartered, says access to responsible credit, financial inclusion, risk governance and institutional integrity will shape Nigeria’s economic future. Dr Markie Idowu, the newly inaugurated President and Chairman of Council, NICA, said this during her investiture ceremony in Lagos. Idowu noted thatContinue Reading
By Constance Athekame The Abuja Electricity Distribution Company(AEDC) says it is collaborating with stakeholders in the power sector to ensure steady electricity in it franchise areas. The Managing Director of AEDC, Mr Chijioke Okwuokenye, said this in Abuja on Thursday while interacting with newsmen. He said, ”We are doing aContinue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) says the corporation is managing assets of almost 600 failed banks and working to ensure that depositors are paid their uninsured deposits. Mrs Patricia Okosun, the Director, Asset Management Department of the NDIC, said this at a sensitisation seminar for DebtContinue Reading
By Grace Alegba The Chairman of the Senate Committee on Public Procurement, Dr Olajide Ipinsagba, says a transparent and corruption-free procurement system is critical to safeguarding public resources and driving national growth. Ipinsagba made the remark on Thursday at a stakeholders’ consultative meeting organised by the Bureau ofContinue Reading
The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has announced new reforms aimed at overhauling the nation’s public procurement system to restore transparency, accountability and value for money. Adedokun made the announcement on Thursday in Lagos at a stakeholders’ consultative meeting organised by the BPP withContinue Reading
ACCI hails MPC rate cut, seeks sustained support for businessesContinue Reading
