Lasaco Assurance Plc has announced plans to transfer its annuity business portfolio to Cornerstone Insurance Plc as part of a broader strategic realignment within the company. The announcement was contained …
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Union Bank Assures Customers of Smooth Services After Titan Trust Merger
Union Bank of Nigeria has assured its customers that banking services will continue without disruption following the completion of its merger with Titan Trust Bank Limited. The bank gave the …
- AviationBusinessEconomyOil & GasPoliticsRegulation
Helicopter Operators Reject $300 Landing Fee as Aviation Ministry Redirects Charge to Oil Companies
A quiet but tense standoff has continued between the Ministry of Aviation and Aerospace Development and helicopter operators in Nigeria following the reintroduction of a $300 landing fee ordered by …
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European Stocks Hold Steady as Chinese Tech Shares Rally and Bond Yields Surge
European stock markets remained steady on Monday as a surge in Chinese technology stocks lifted investor sentiment, while European long-dated bonds came under heavy pressure. The latest trading reports showed …
- BusinessEconomyEmploymentFinanceInflationManufacturing
Nigeria’s Private Sector Records Stronger Growth in August as Inflation Eases
Nigeria’s private sector recorded stronger growth in August 2025 as improved customer demand and easing inflationary pressures boosted business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ …
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Naira Strengthens Slightly at Official Market as Reserves Hit $41.27bn
The naira recorded a slight gain on the Nigerian Foreign Exchange Market on Friday, closing at ₦1,531.57 per dollar. This marked a 0.23 per cent appreciation compared to the previous …
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Ecobank Nigeria Celebrates Nigerian Art Masters with Special Exhibition in Lagos
Ecobank Nigeria has reaffirmed its commitment to supporting the country’s creative arts industry as it launched a major exhibition in Lagos showcasing the works of legendary Nigerian artists. The exhibition, …
- BankingBusinessCapital MarketEconomyFinanceINVESTMENT
NGX Group Reports N24bn Revenue in 2024 on Bank Recapitalisation and Big Listings
The Nigerian Exchange Group Plc (NGX Group) recorded revenue of N24 billion in the 2024 financial year, boosted mainly by the recapitalisation of Nigerian banks and a series of high-profile …
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Cutix Plc Profit Falls 81% in Q1 2025 Despite Rising Assets
Cutix Plc, a Nigerian cable manufacturing company listed on the Nigerian Exchange, has reported a sharp decline in profit for the first quarter of its 2025 financial year. The company’s …
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Meta Partners with Safaricom on $23 Million Subsea Cable Project to Boost Internet in East Africa
Facebook’s parent company, Meta, has entered into a partnership with Safaricom, Kenya’s largest telecom operator, to invest in a new subsea fibre-optic cable project that will connect East Africa to …