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FBS Reinsurance Grows Premium Income by 32%, Retains Stable GCR Ratings
BY NKECHI NAECHE-ESEZOBOR—Reinsurance Limited, one of Nigeria’s indigenous reinsurance companies, has reported a strong financial performance for the 2025 financial year, with significant...
Flood Prevention: NEC Releases ₦83.2bn for Early Response Measures
The National Economic Council (NEC) has endorsed the disbursement of ₦83.2 billion from the Anticipatory Action Trust Fund (AATF) to strengthen efforts aimed...
Fire Guts Vehicle in Polaris Bank Building on Lagos Island, No Casualties Recorded
The Lagos State Fire and Rescue Service (LSFRS) has successfully extinguished a fire outbreak that occurred on the third floor of the Polaris...
Fortis Global Insurance Begins Share Capital Reconstruction, Suspends Trading for Two Weeks
BY NKECHI NAECHE-ESEZOBOR—Fortis Global Insurance Plc has commenced the reconstruction of its share capital following the receipt of all required regulatory approvals, a...
Former Petroleum Minister Diezani Found Not Guilty in UK Bribery Trial
BY NKECHI NAECHE-ESEZOBOR—Former Minister of Petroleum Resources, Diezani Alison-Madueke, has been cleared of all bribery allegations by a jury at Southwark Crown Court...
Police Deploy CP Shogunle to Oversee Security for Ekiti Governorship Election
BY SUNDAY SAMUEL—The Ekiti State Police Command wishes to inform the general public of the deployment and resumption of CP Abayomi Shogunle, PhD,...
Military Rescues Wife of Late Major General Rabe Abubakar from Bandits
BY SUNDAY SAMUEL—The Nigerian Army, with air support from the Nigerian Air Force, has rescued Mrs. Amina Abubakar weeks after she was abducted...
Immigration Officers, Army Arrest 46 Suspected Illegal Migrants in Ogun
Personnel of the Nigeria Immigration Service, working alongside soldiers of the Nigerian Army, have successfully detained 46 foreign nationals suspected of residing unlawfully...
FBS Reinsurance Grows Premium Income by 32%, Retains Stable GCR Ratings
Consolidated Hallmark Renews ₦61.6m Accident Cover for NAIPE Members
Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million
Regency Alliance Launches ₦3.04 Billion Rights Issue to Strengthen Capital Base
Leadway Backs Lagos Leather Fair for Fourth Consecutive Year to Boost SMEs and Creative Industry
Refinery Listing Will Democratise Africa’s Industrial Prosperity – Dangote
President/Chief Executive, Dangote Group, Aliko Dangote, has said the planned listing of the Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange is...
Still Earth Holdings Boosts Governance Structure Through EFCC-SCUML Compliance Training
BY NKECHI NAECHE-ESEZOBOR—The Economic and Financial Crimes Commission (EFCC), through its Special Control Unit against Money Laundering (SCUML), at the weekend conducted an...
FCCPC Backs Lagos Govt on Estimated Billing Enforcement Measures
The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Lagos State Electricity Regulatory Commission (LASERC) for recent consumer focused reforms...
TCN foils attempted robbery attack at Ogbomosho substation
BY NKECHI NAECHE-ESEZOBOR—Transmission Company of Nigeria has confirmed an attempted robbery attack at its Ogbomosho Transmission Substation in the early hours of May...
Ogun to Conduct Electricity Audit in Push for 24-Hour Power Supply
Ogun State Governor, Prince Dapo Abiodun, has announced plans to carry out a comprehensive electricity consumption audit as part of efforts to improve...
NNPC Signs MoU with Chinese Firms to Revive Port Harcourt, Warri Refineries
BY NKECHI NAECHE-ESEZOBOR—NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies—Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park...
United Capital Secures Landmark Investment Banking Licenses in Ethiopia and Rwanda
Pan-African financial services conglomerate United Capital Group has secured investment banking licenses in Ethiopia and Rwanda, achieving a historic milestone in its East...
Lasaco Assurance’s ₦18.47bn Rights Issue Closes May 13
BY NKECHI NAECHE-ESEZOBOR—Lasaco Assurance Plc has announced that v will officially close on May 13, 2026, marking the end date for eligible shareholders...
NGX Expands Trading Window from 9:00 A.M. To 4:00 P.M
BY NKECHI NAECHE-ESEZOBOR—Nigerian Exchange Limited (NGX) announces the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27...
Strong Revenue Outlook Lifts Sovereign Trust Insurance’s Q2 Profit Forecast to N1.52bn
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, Nigeria’s top five companies has projected a profit after tax of N1.524 billion for the second quarter...
CSCS Launches New Services to Boost Investor Experience in Capital Market
In line with commitment to driving innovation and supporting a more efficient and transparent capital market, the Central Securities Clearing System Plc (CSCS),...
Nigeria Regains Frontier Market Status as FTSE Russell Recognizes NGX Infrastructure Progress
Nigeria has been restored to Frontier Market status by FTSE Russell, marking a significant milestone in the country’s reintegration into global investment indices...
Nigeria’s Inflation Rises for Third Consecutive Month, Hitting 15.93% in May 2026
BY NKECHI NAECHE-ESEZOBOR—Data released by the National Bureau of Statistics (NBS) shows that Nigeria’s annual headline inflation rate rose for the third consecutive...
Reaffirms Commitment to Stronger Shariah Governance in Non-Interest Finance Sector
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management within the...
CBN Warns Against Rising State Debt
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has warned that reckless borrowing, uncontrolled spending and poor fiscal coordination by State Governments could...
Flood Prevention: NEC Releases ₦83.2bn for Early Response Measures
The National Economic Council (NEC) has endorsed the disbursement of ₦83.2 billion from the Anticipatory Action Trust Fund (AATF) to strengthen efforts aimed...
Fire Guts Vehicle in Polaris Bank Building on Lagos Island, No Casualties Recorded
The Lagos State Fire and Rescue Service (LSFRS) has successfully extinguished a fire outbreak that occurred on the third floor of the Polaris...
Fortis Global Insurance Begins Share Capital Reconstruction, Suspends Trading for Two Weeks
BY NKECHI NAECHE-ESEZOBOR—Fortis Global Insurance Plc has commenced the reconstruction of its share capital following the receipt of all required regulatory approvals, a...
Former Petroleum Minister Diezani Found Not Guilty in UK Bribery Trial
BY NKECHI NAECHE-ESEZOBOR—Former Minister of Petroleum Resources, Diezani Alison-Madueke, has been cleared of all bribery allegations by a jury at Southwark Crown Court...
Police Deploy CP Shogunle to Oversee Security for Ekiti Governorship Election
BY SUNDAY SAMUEL—The Ekiti State Police Command wishes to inform the general public of the deployment and resumption of CP Abayomi Shogunle, PhD,...
Military Rescues Wife of Late Major General Rabe Abubakar from Bandits
BY SUNDAY SAMUEL—The Nigerian Army, with air support from the Nigerian Air Force, has rescued Mrs. Amina Abubakar weeks after she was abducted...
Immigration Officers, Army Arrest 46 Suspected Illegal Migrants in Ogun
Personnel of the Nigeria Immigration Service, working alongside soldiers of the Nigerian Army, have successfully detained 46 foreign nationals suspected of residing unlawfully...
Nigeria, Ethiopia Sign Prisoner Transfer Deal for 98 Nigerian Inmates
BY NKECHI NAECHE -ESEZOBOR- Nigeria and Ethiopia have signed a prisoner transfer agreement that will allow 98 Nigerian inmates currently serving jail terms...
