The Nigerian Exchange Limited (NGX) opened the week on a negative note as persistent profit-taking dragged the All-Share Index (ASI) down by 0.50 per cent to close at 148,781.90 points …
BankingBusinessEconomyFinanceINVESTMENTStock Market
- BusinessFintechInnovationInsuranceTechnology
FastClaim Unveils AI Platform to Revolutionise Nigeria’s Motor Insurance Claims
The Founder and Chief Executive Officer of FastClaim Solutions Limited, Uche Okugo, has announced that the company’s new AI-powered platform is designed to automate, simplify, and speed up the process …
The Executive Chairman of the Ogun State Internal Revenue Service (OGIRS), Olugbenga Olaleye, has directed all directors, zonal controllers, tax office managers, and heads of units to ensure strict compliance …
- BusinessEconomyFinanceINVESTMENTPensionTechnology
Leadway Pensure’s Pension Assets Rise to N1.35tn, Up 23.45% in Six Months
Pension Fund Administrator Leadway Pensure has announced a strong financial performance for the first half of 2025, with its Assets Under Management (AUM) rising to N1.35 trillion as of the …
- BankingBusinessCourt RulingsEconomyLawReal Estate
Court Orders Danium Energy, CEO to Pay Union Bank N20.7bn Over Unpaid Loans
The Federal High Court in Lagos has ordered petroleum marketer Kehinde Ogbor and his firm, Danium Energy Services Limited, to pay Union Bank Plc the sum of N20.7 billion after …
- BusinessEconomyEnergyOil & GasTrade
Dangote Refinery’s Petrol Price Cut May End Fuel Importation in Nigeria
Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
- BankingBusinessEconomyFinanceINVESTMENTMonetary Policy
Nigerian Banks Earn Over N14.7tn in Nine Months as High-Interest Rates Boost Sector Growth
Nigeria’s biggest banks have continued to enjoy massive earnings in 2025 as nine major financial institutions raked in a total of N14.72 trillion in interest income during the first nine …
- Affluent ManagementBusinessCorporate GovernanceHealthInsuranceLeadership
AXA Mansard Urges Firms to See Employee Wellbeing as Strategic Investment, Not Expense
AXA Mansard Health, a leading Nigerian health insurance provider and member of the AXA Group, has advised business leaders and organisations to treat employee wellbeing as a strategic business investment …
The Abuja Electricity Distribution Company (AEDC) has begun a large-scale retrenchment exercise that has seen about 800 employees laid off, deepening concerns among Nigerians already struggling with rising inflation, worsening …
- BusinessDevelopmentEconomyEnergyManufacturingNigeria
Northern Manufacturers Back 15% Fuel Import Duty, Hail Dangote’s Refinery
Industrialists from Northern Nigeria have thrown their weight behind the Federal Government’s decision to impose a 15 per cent import duty on petroleum products, describing it as a bold policy …