Business
Universal Insurance Secures N7.1bn Capital Deal As NAICOM Approval Becomes Next Hurdle
Universal Insurance Plc has signed a binding N7.128 billion private placement agreement with FPNG Co-Nvest Limited as it seeks to meet the regulatory capital requirement under Nigeria’s insurance industry recapitalisation
PenCom to sanction PFAs as only 17% of RSA holders recaptured
By Rosemary Iwunze The National Pension Commission (PenCom) has threatened to sanction Pension Fund Administrators (PFAs) that fail to meet prescribed targets under the ongoing Retirement Savings Account (RSA) data recapture
Recapitalisation: NIA backs NAICOM as 7 more insurance firms clear hurdle
By Emma Ujah & Rosemary Iwunze The National Insurance Commission (NAICOM) has announced seven more insurance companies that have scaled the recapitalization hurdle, following a 14-day period granted to eight insurance companies
Bond Obligation: Geregu Begins Review, Assures Investors of Orderly Resolution
Emmanuel Addeh in Abuja Geregu Power Plc has commenced a comprehensive review of its financial obligations and corporate records amid concerns over its bond repayment obligations, assuring shareholders, investors and
Flight Disruptions: Stakeholders Seek Tough Labour Laws to Protect Passengers
Chinedu Eze Stakeholders in the aviation industry have called for stricter labour laws that will protect passengers during flight disruptions by aviation unions or other actions that will deny travellers
NESG: Agriculture, Manufacturing, Others Record Stronger Business Expansion in July
Dike Onwuamaeze The Business Confidence Monitor (BCM) of the Nigerian Economic Society Group has reported expansionary business activities in agriculture, manufacturing, Trade, Services and the non-manufacturing industries in July. The
Visa Restrictions Push Nigerians to New Holiday Destinations
Chinedu Eze Stringent visa protocols introduced by the United States, some European and Asian countries, including the xenophobia in South Africa have forced Nigerians to discover new destinations during the
NCAA to Automate Baggage Tracking to Eliminate Missing Luggage, Delays
Chinedu Eze In order to end the incidents of missing luggage or delays both in domestic and international flights, the Nigeria Civil Aviation Authority (NCAA) has announced the introduction of
KKF, Rotary Launch Women Empowerment, Recycling Initiatives
The KKF Legacy Society and Rotary Club of Bourdillon prestige have launched a series of empowerment, environmental and community-focused initiatives in Lagos as part of its broader effort to promote
Nigerian Firm Innovates AI App to Enable Flight Booking
Olawale Ajimotokan in Abuja A Nigerian travel agency, Safety Travels Ltd, has innovated an App that utilises Artificial Intelligence to book flights from any part of the world. The firm unveiled
