Business
Shareholders Commend SUNU Assurance for Crossing Recapitalisation Huddle
Ebere Nwoji Shareholders of Sunu Assurance Company Plc, have commended the board and management of the company for successfully navigating the capital-raising process amid the industry’s transition to higher minimum
OMO Bills Account for 72% of N36.5bn Fixed-income Trades in August
Nume Ekeghe Open Market Operation (OMO) bills took the lion’s share of activity in Nigeria’s fixed-income market in August, accounting for about 72 per cent of the N36.52 billion face
PenCom Assures LASG Retirees of Plans to Address Pension Increase Concerns
EbereNwoji The National Pension Commission (PenCom) said it would address the concerns expressed by pensioners under the Contributory Pension Scheme (CPS) in Lagos State regarding the implementation of pension increases and
NFEM Turnover Up 13.8% to $14.45bn as Naira Strengthens to N1, 335.50/$
Nume Ekeghe Trading activity at the Nigerian Foreign Exchange Market (NFEM) increased in August, with total turnover rising to $14.45 billion from $12.69 billion recorded in July, according to market
Amidst Reforms, Financial Sector Contribution to GDP Slumps to N1.57tn
Kayode Tokede Despite ongoing reforms in Nigeria’s financial sector, the contribution of financial institutions to the country’s real Gross Domestic Product (GDP) declined by 10 per cent quarter-on-quarter (QoQ) to
Continental Re Gets License to Open Office in Kigali, Rwanda
Ebere Nwoji Reinsurance giant, Continental Reinsurance, said it has been granted a licence by the National Bank of Rwanda to establish a Representative Office in Kigali, Rwanda. The office, operating
Stock Market Gains N1.22trn to Commence September on Positive Note
Kayode Tokede The Nigerian stock market sustained its positive momentum to commence trading activities for the month of September 2026 with a gain of N1.22 trillion. The Nigerian Exchange Limited
Kayvee Microfinance Bank Delivers Remarkable Performance
Kayvee Microfinance Bank Limited has announced its financial statement for the year ended December 31, 2025, reporting profit before tax (PBT) of N1.01 billion, up from N371 million in 2024.
‘NSDP Designed to Build Indigenous Seafaring Capacity’
Former Director of Cabotage at the Nigerian Maritime Administration and Safety Agency (NIMASA), Onwuka Igwe, has explained that the Nigerian Seafarers Development Programme (NSDP) was introduced as a strategic initiative
Manufacturers Rising Confidence amidst Challenges
Manufacturers Association of Nigeria’s report shows that the federal government’s productions focused reforms and policies are enhancing manufacturers’ confidence in the business environment, writes Dike Onwuamaeze The chief executives of Nigerian
