Shut Forties pipeline to boost demand for Nigerian crude

Nigerian crude oil is set to witness an increase in demand as most European countries shift to Nigeria in search of light crude after major pipeline, Forties, shut down Tuesday. Forties pipeline, one of the most important oil pipelines globally, carries 40 per cent of North Sea oil and gas, but will be shut for…

Article source: https://www.businessdayonline.com/shut-forties-pipeline-boost-demand-nigerian-crude/

First Bank Insurance’s underwriting profit surges 45.12 percent …

First Bank Insurance Plc’s underwriting profit surges 45.16 percent to end 2016 financial year on a high amid a volatile and tough operating environment as the Nigerian insurer continues to benefit from its diversified product base. For the year ended December 2016, First Bank Insurance’s underwriting profit moved to N4.01 billion from N2.76 billion as…

Article source: https://www.businessdayonline.com/first-bank-insurances-underwriting-profit-surges-45-12-percent/

What banks are charging on BDC transactions is high – BusinessDay

Bureau De Change Operators see bank charges as a challenge to their operations, Aminu Gwadabe, president Association of Bureau De Change Operators of Nigeria (ABCON) speaks on foreign exchange stability and other issues in this interview with Hope Moses-Ashike. Excerpt. What was the role of BDCs in the achievement of forex stability? A BDC is defined…

Article source: http://www.businessdayonline.com/banks-charging-bdc-transactions-high/