The National Insurance Commission,(NAICOM), today announced the successful completion of the twelve-month insurance sector recapitalization exercise. In pursuant to Section 15 and other relevant provisions of...
The Federal Airports Authority of Nigeria (FAAN) has clarified that the smoke observed at Terminal 2 of the Murtala Muhammed International Airport (MMIA), Lagos, on Sunday...
Investment company VFD Group recorded a twofold increase in net profit for the first half of the year, supported by a significant improvement in investment income,...
BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has taken a major step toward solidifying its market position after successfully executing a ₦12.6 billion capital raise, putting it well...
Aradel Holdings reported a dramatically higher turnover for January to June but saw no commensurate boost in earnings. Within the period, global oil drillers generally cashed...
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s retail insurance giant, Mutual Benefits Assurance Plc has reported 2.57 percent growth in Insurance Revenue to ₦42.25 billion up from ₦41.20 billion in...
First HoldCo has shifted to a liberal dividend policy that seeks to distribute at least 60 per cent of its annual post-tax profit as dividends. The...
PRESS RELEASE—Nigeria’s most damaging infrastructure deficit may not be roads, power or ports, but a weak education system producing too few work-ready citizens for an economy...
The Federal Competition and Consumer Protection Commission (FCCPC) has warned that Nigeria’s emerging state electricity markets could struggle to attract investment if states adopt different regulatory...
Femi Otedola, chairman of First HoldCo Plc, has increased his stake in the financial services group to 25.86 per cent after acquiring 1.78 billion additional shares...