inflation-apr2017

NIGERIA’S INFLATION RATE – April 2017
The National Bureau of Statistics has released Nigeria’s inflation rate for the month of April 2017. The figure showed an increase of 17.24%, year-on-year, a slight decrease from the 17.26% seen in March 2017. The Inflation rate peaked in January 2017 at 18.72%, and has been decreasing since then.

AXA MANSARD INSURANCE PLC – Retirement of CEO
AXA Mansard Insurance Plc. has announced that its CEO, Mrs. Yetunde Ilori, will retire from her position with effect from 17th July, 2017. Consequently, the Board of Directors of the Company has nominated Mr. Kunle Ahmed, the Executive Director – Technical, to take over from Yetunde upon her retirement.
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STANBIC IBTC HOLDINGS PLC – Election of a new Chairman
Stanbic IBTC Holdings Plc. has announced the election of Mr. Basil Omiyi as the new Chairman of its Board of Directors with effect from 15th May, 2017. Basil succeeds Mr. Atedo Peterside, CON who resigned on 31st March, 2017. He joined the Board in March 2015 as a Non-Executive Director. He is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company Plc.
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