Business
Anchor Insurance Wins Insurance Company of the Year Award
Anchor Insurance Company Limited, a fast rising risk-bearing company, has emerged the Insurance Company of the Year at the annual Independent Newspapers Awards 2019 held at Eko Hotels, Victoria Island, Lagos, penultimate
The firm’s spokesman, Nelson Egboboh, said the Managing Director/Editor-In-Chief of the newspaper, Steve Omanufeme, who described Anchor Insurance Company as the “fastest growing insurance company of the year 2019, noted that “the selection committee specifically recognized the Company for its giant stride in the past one year, especially in its risk management and claims administration approach which have always been a source of delight for its teaming policyholders.”
From left: Ebose Augustine and his wife with other dignitaries at the event.
He noted further that “we are also impressed by the company’s turnaround record of performance in the last one year. It is noteworthy to say that the company under thenew Management team generated the highest premium income after 29 years of its existence, recording 72 per cent growth in one calendar year.”
According to him, “the new Management team’s ability to revitalize the Anchor Insurance brand and reposition the company for the statutorily induced recapitalization has further proven the organization as one that is ready to shock the insurance sector of the nation’s economy.”
“It is for the foregoing reasons, among others, that we have bestowed on the company, the richly deserved award of the Insurance Company of the Year 2019,” Mr. Omanufeme noted.
Making his speech after receiving the award on behalf of the company, the Managing Director, Ebose Augustine, expressed his joy that his company was being celebrated after just a little above a year in office with his new team, stating that “we were just doing what we felt should be done to take the company to another level but we never knew people were taking records.”
He used the occasion to call on governments at the state and federal levels not to shy away from subscribing to the relevant insurance covers, pointing out that their patronage will go a long way in helping to grow the insurance business and its contribution to the national gross domestic product.
Business
Naira Gains Against Dollar, Trades at N1,453/$1
The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.
The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.
Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.
The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.
The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.
The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.
Business
Global Money Week: MoneyMaster PSB Trains Students on Savings Culture
2024 Global Money Week: MoneyMaster PSB trains students on savings culture
MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria’s leading payment service bank, is poised to train 5,000 students on the need to embrace savings and investment culture in commemoration of the 2024 Global Money Week.
Tagged “Catch them Young” experiential campaign, the programme aims to have the students drawn from schools in Nigeria participating in the week-long financial literacy training in the bank’s coordinating centres across 10 participating states of the Federation.
In the same vein, MMPSB will equally engage teachers and enlighten them on basic knowledge of savings and investment for future purposes.
The 2024 Global Money Week with the theme “Protect your money, secure your future,” is billed for March 18 to 24, 2024.
MMPSB disclosed in a press release that it was committed to the provision of top-notch banking services to its customers at all times, including payment services through wallets, savings, individual and business accounts, as well as provision of a platform for customers to buy airtime/data, pay bills and subscribe to cable television, amongst others.
“As part of the week-long celebration, MoneyMaster PSB will also be releasing thought leadership videos on safety and security on how banking customers can protect themselves. These videos will be shared to its customers via direct email and also on its social media handles for the benefit of the general public,” the bank further said.
Global Money Week is an annual event which creates global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours pivotal to making sound financial decisions and ultimately achieve financial well-being.
This year’s edition is focused on safe money management, and the importance of adopting a responsible and informed approach to personal finance, by being aware of potential risks in the financial sector and protecting one’s hard-earned money.
Business
Fidelity Bank Shares 3000 Food Packs Among Residents of Zamfara Community
Leading Financial Institution, Fidelity Bank Plc has distributed over 3000 food items to vulnerable households and less privileged families in Gusau, Zamfara State.