At “Andersen U.,” the lush, 150-acre campus where Arthur Andersen LLP has trained tens of thousands of new recruits, there’s a shrinento ethical accounting.
Non-payment of Salaries: Matters Arising
At first, it was a rumour. Then, the rumor became stronger. And then, the rumour became political allegation that the federal and state governments could no longer pay salaries because public funds were deployed by the two major political parties to prosecute the 2015 general elections.
Why Investors Should Not Ignore Opportunities in Fragile States
Africa is experiencing fewer wars than it did two decades ago but conflict, insecurity and the fragility of states is still a major concern for business.
Politically motivated instability can be seen in countries like Burundi, South Sudan, Mali, eastern DRC, Libya and Somalia, while Nigeria and Kenya are dealing with terrorist activities. But American entrepreneur Jake Cusack believes there are “genuine economic opportunities” in these fragile markets.
Sub-saharan Africa, Most Expensive Region for Remittance
Sub-saharan Africa is the most expensive region for sending money inform of remittance from other parts of the world, according to the latest report by the World Bank Group. The report listed South Asia as the least expensive.
Nigerian, Shola Taylor Appointed Secretary-General of CTO
A Nigerian, Shola Taylor has been appointed secretary-general of the Commonwealth Telecommunications Organisation (CTO), an international treaty organisation headquartered in London. Mr Taylor is expected to start in this new role on 17 September this year.
Buharinomics: 4 CEOs Examine Opportunities for Private Sector
The swearing in of Nigeria’s new president Muhammadu Buhari has led to renewed optimism regarding economic progress in the country and new opportunities for the private sector, particularly in infrastructure development, consumer and financial services sectors.
The Need for Non-Oil Sector Development
The current state of oil prices in the international market is a divine blessing for Nigeria. It represents a unique opportunity for Nigeria to re-discover itself and diversify its sources of national revenue or slump into deeper financial crisis and poverty.
How FIFA Can Revive its Brand Image
Former FIFA Vice President Jack Warner, who was one of 14 people indicted in a massive bribery scandal, vowed to reveal new evidence against the world soccer’s governing body and its embattled president, Sepp Blatter. It’s just the latest blow to a brand in crisis.
OPEC Targets 30m Barrels Per Day Production
OPEC decided to keep its output target at 30 million barrels a day Friday but left it to members to restrain their overproduction, reflecting the cartel’s inability to strictly enforce its own limits in attempts to control the world supply of crude.
Lack of Capacity & Skills Stalling Growth of Insurance in Africa
Mr. Corneille Karekezi, Group MD/ CEO, Africa Re speaks on the growth, challenges and future of insurance/ reinsurance business in Africa. Excerpts:
The Achievements of Africa Re since Establishment
The mission of Africa Re is to foster insurance development by supporting, assisting and working with national insurance markets in the African continent. That is the primary mission of Africa Re. When Africa Re was created as an initiative of African Development Bank following an agreement with Member States of the Organisation of African Unity (OAU), the idea was to bring together all states on the continent, provide capacity which was very rare at that time, bring capital and start doing what was being done by foreigners only.
400m People Lack Access to Healthcare
A report by the World Health Organisation (WHO) and World Bank Group shows that 400 million people do not have access to essential health services while 6% of people in low- and middle-income countries are tipped into or pushed further into extreme poverty because of health spending.
Insurance Industry Reports N302bn Premium Income in 2014
The insurance industry in Nigeria has reported gross premium income of N302 billion in the financial year ended December 31, 2014, according to figures released by the National Insurance Commission (NAICOM).
Enron: The Fall of A Wall Street Darling
Enron is a company that reached dramatic heights, only to face a dizzying collapse. The story ends with the bankruptcy of one of America’s largest corporations.
Enron’s collapse affected the lives of thousands of employees, many pension funds and shook Wall Street to its very core. To this day, many wonder how a company so big and so powerful disappeared almost overnight. How did it manage to fool the regulators and the Wall Street community for so long, with fake off-the-books corporations?
Non-Performing Loans: Are Banks Innocent Victims?
So, by the 1st of August, any debtor that hasn’t done so (paid his debt), the name will be published by the bank. So, the banks are encouraged to speak to their customers that fall into that category that they should put in more effort to pay off.
The 322 Bankers’ Committee Meeting ended recently in Abuja with a resounding resolution to publish the names of bank debtors on August 1, 2015 under the so-called ‘Name & Shame’ initiative.
Chinese Firm Flags-Off Production of Meters in Nigeria
A Chinese firm, Golden Horse Company Limited, has commenced the manufacture of electric meters in Nigeria following the approval of its application by the National Electricity Regulatory Commission (NERC).