Industry experts and financial stakeholders have revealed that fewer than two million Nigerians buy insurance policies annually, a figure that highlights a deep gap in coverage and awareness within the …
Economy
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Business InsightsEconomyFinance & ServicesFintechInsuranceINVESTMENTNigeria
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BusinessBusiness InsightsBusiness PoliciesEconomyGOVERNMENTManufacturingNigeriaPoliciesTechnology
NASENI Backs Tinubu’s “Nigeria First Policy,” Calls It a Game-Changer for Local Manufacturing
The National Agency for Science and Engineering Infrastructure (NASENI) has declared its full support for President Bola Tinubu’s “Nigeria First Policy,” describing it as a transformative step toward revitalising the …
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AfricaAFRICA NEWSBusinessBusiness InsightsEconomyGOVERNMENTLeadershipNigeria
Ex-SCGN President Olusegun Osunkeye Urges Ethical Corporate Leadership for Long-Term Legacy
Former President of the Society for Corporate Governance Nigeria (SCGN), Olusegun Osunkeye, has charged Nigerian corporate leaders to focus on ethical governance and long-term impact, rather than being fixated on …
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BusinessBusiness InsightsDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Slashes Petrol Price to N825, Spurs Fierce Competition in Downstream Market
The Dangote Petroleum Refinery has quietly reduced the ex-depot price of petrol to N825 per litre, intensifying the price war with fuel importers and private depot owners in Nigeria’s deregulated …
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BusinessBusiness InsightsBusiness PoliciesEconomyGOVERNMENTNigeriaPoliciesTransportation & LogisiticsWestern Africa
NIMASA Confirms 8-Year Loan Tenure, Single-Digit Interest for Cabotage Vessel Financing Fund
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …
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AFRICA NEWSBusinessBusiness InsightsEconomyEntrepreneurshipGOVERNMENTINVESTMENTMarketsNewsTechnology
Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
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Banking, Finance & InvestmentEconomyEnergyGOVERNMENTInfrastructureNigeria
Kebbi Govt, First Bank Partner on Industrialisation, Mining and Infrastructure
The Kebbi State Government has entered into a strategic partnership with First Bank Nigeria Plc. to boost industrialisation, mining, and infrastructure development in the state as part of its broader …
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EconomyEnergyGOVERNMENTInfrastructureNigeriaPolicies
FG Launches Reform Plan, Deploys Special Teams to Underperforming Discos
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …
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BusinessBusiness InsightsEconomyInternational RelationsNigeriaTrade and CommerceWestern Africa
Customs Agents Kick as French Shipping Firm CMA/CGM Imposes $100 Surcharge on Nigeria-Bound Cargoes
Licensed customs agents in Nigeria have raised serious concerns following the introduction of a $100 Peak Season Surcharge by French shipping giant CMA/CGM on all twenty-foot equivalent unit (TEU) containers …
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Banking, Finance & InvestmentEconomyInternational RelationsMarketsPoliciesTrade and Commerce
CBN Tightens Forex Rules as Naira Faces Pressure, Speculators Struggle
The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …