Nigerian Stock Exchange (NSE) has approved application by Law Union & Rock Insurance seeking voluntary delisting of its shares from the main board of the Exchange. The voluntary delisting is part of ongoing acquisition of Law Union by Anglophone West Africa private equity firm, Verod Capital Management. Verod has offered N5.3 billion for the acquisition of the entire share capital of Law Union in a major bid that may signal the opening up of mergers and acquisitions in Nigerian insurance industry. The board of Law Union had confirmed that it received a binding offer from Verod Capital seeking to acquire…

Maritime Workers Union of Nigeria (MWUN) has identified four shipping companies responsible for the gridlock caused by heavy duty trucks on Oshodi-Apapa Expressway. The union said the action of the companies had severally led to negative economic consequences at Tin-Can and Apapa Ports. MWUN specifically accused the companies of deliberately keeping their trucks and their containers as means of attracting demurrage payment daily from their already overburdened members, truck owners and their drivers. A statement issued on Sunday evening by President-General of MWUN, Mr Adewale Adeyanju, therefore issued a 21-day ultimatum to Federal and Lagos State governments within which they…

As leaders navigate this new normal where work is home and home is work, these strategies become of utmost importance. In March, we quickly shifted from office buildings to our homes and have been adjusting ever since. As employees and leaders navigate this new normal where work is home and home is work, flexibility becomes of utmost importance. Ninety percent of employees believe flexible work arrangements will increase morale, and 67 percent would consider leaving their jobs if their work arrangements became less flexible, according to Staples' 2019 Workplace Survey. So how can leaders create workplace flexibility that makes sense?…

Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their Single Customer Payments (MT103) messages to SWIFT, via tracker (Universal Confirmation). SWIFT is an initiative aimed at improving customer experience through increased transparency in end-to-end payments tracking. “The conformation should get to SWIFT within two business days on whether the beneficiary’s account has been credited, payment…