Nigeria is an investment haven – Eko Business Dinner Coordinator

Chime Nwagbara, Chief Executive Officer of Struts Enterprises

 

Chime Nwagbara is Chief Executive Officer of Struts Enterprises, an event management firm, and AIGTC Ltd., an agro-commodities exporting company. He is the Project Coordinator of Eko Business Dinner, EBD, an executive business event for organisations, companies and business-minded individuals across the world. He spoke to Vanguard’s Oboh Agbonkhese on, among other issues, the EBD scheduled for October 22 with the theme Nigeria’s Economy Today: A Need for Collaboration?

 Is there a noticeable vacuum in Nigeria’s business circuit that led to the conception of Eko Business Dinner, EBD?

 Yes. With Nigeria’s economic situation today, one would advise collaboration and partnerships. There is also need for expediency; a diversified but unified approach to business will aid in achieving whichever targets the industry or the entrepreneur has. Chime Nwagbara, Chief Executive Officer of Struts Enterprises Chime Nwagbara, Chief Executive Officer of Struts Enterprises

Royal Exchange records 14% growth in GPI

Royal Exchange Group has posted a gross premium income of N10.79 billion for the 2015 financial year. Addressing shareholders at the Annual General Meeting (AGM) in Lagos,

Chairman of the company, Mr. Kenneth Odogwu, said that the figure edged up by 14 per cent as the company recorded N9.43 billion in 2014. Odogwu said the firm’s net premium income peaked at N8.08 billion, profit/loss for the period closed at (N1.29 billion) while total assets stood N26.53 billion. According to him, the firm’s net claims peaked at N3.04 billion, as against N2.43 billion recorded in 2014, the underwriting expenses decreased by four per cent from N2.74 billion in 2014 to N2.64 billion last year. He noted that the management expenses were N3.27 billion as against N3.09 billion in the previous year, adding that an increase in reserve of N1.2 billion was made by the group for the insurance and investment liabilities of the life subsidiary with the period under review.