Industry experts have projected that the Nigerian Insurance Industry Reform Act 2025 (NIIRA) will boost the insurance sector’s contribution to the Gross Domestic Product and restore confidence in the industry. …
Economy
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BusinessEconomyFinanceInsurancePoliciesRegulation
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BankingBusinessCapital MarketCorporate EarningsEconomyFinance
UBA Half-Year Profit Rises to N335bn Despite Drop in Pre-Tax Earnings
United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …
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EconomyGlobal MarketsInflationMonetary PolicyStock Market
Asian Stocks Waver as US Fed Cuts Rates Amid Jobs Concerns
Equities across Asia traded mixed on Thursday after the United States Federal Reserve lowered interest rates for the first time since December, leaving investors uncertain about how many more cuts …
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DevelopmentEconomyHousingInfrastructureINVESTMENTReal EstateUrban Development
Novarick Launches $116 Billion Development Initiative Across Four Cities
Novarick Homes has announced the launch of an ambitious initiative tagged Project 1600 – Vision 2045, a twenty-year plan to deliver 1,600 apartments across four of Nigeria’s key cities: Lagos, …
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BusinessEconomyInternational TradeMaritimeOil & GasSecurity
Stakeholders Lament $1.5bn War Risk Insurance Burden Despite Improved Maritime Security
Despite Nigeria’s removal from piracy-prone and high-risk maritime zones, shipowners are still paying heavy war risk insurance premiums on Nigeria-bound cargoes. Stakeholders say the charges, which have cost the country …
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BusinessEconomyEnergyGovernanceOil & Gas
Nigeria’s Crude Oil Output Falls Below OPEC Quota in August
Nigeria’s crude oil production fell again in August, reversing recent gains that had lifted the country above its OPEC quota for two consecutive months. The drop has raised fresh concerns …
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BusinessEconomyFinance & ServicesInsurancePensionRegulation
Rex Insurance Chairman Urges Stronger Frameworks for Insurance and Pension Sectors
The Chairman of Rex Insurance Limited, Mr. Ike Chioke, has called for stronger frameworks in Nigeria’s insurance and pension industries to drive economic growth and deepen financial inclusion. Chioke, who …
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BusinessCapital MarketEconomyFinance & ServicesNigeriaSecurityTechnologyTrade
CSCS Reports N2.1tn Securities Transactions in Four Months
The Central Securities Clearing System (CSCS) has reported securities transactions worth N2.112 trillion between May and August 2025, marking a 138.44 per cent increase compared to the N885.93 billion recorded …
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BusinessCommunity DevelopmentCorporate Social Responsibility,EconomyMining
Dangote Cement, Jakura Community Sign Historic Development Pact in Kogi
There was celebration in Kogi State on Wednesday as Dangote Cement Plc, Obajana Plant, and the Jakura community signed a landmark Community Development Agreement (CDA). The agreement, which will run …
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BankingBusinessEconomyEntertainmentYouth Empowerment
First Bank Partners Hit FM for Calabar Entertainment Conference 2025
First Bank of Nigeria Limited has been unveiled as the official banking partner for the 2025 edition of the Calabar Entertainment Conference (CEC), an annual gathering of stakeholders in Nigeria’s …