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 …
Finance
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BusinessCorporate StrategyFinanceInsuranceNewsNigeriaRegulation
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BankingBusinessEconomyFinanceMergers and AcquisitionsTechnology
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 …
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BusinessEconomyFinanceInternationalPoliticsStock Market
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 …
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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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BusinessEconomyFinanceForex TradingGOVERNMENTNewsNigeriaPolicies
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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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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BusinessCorporate EarningsEconomyFinanceManufacturingNigeriaStock Market
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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BankingBusinessEconomyFinanceKenyaRegulation
Central Bank of Kenya Rejects Exemptions on Staff Loans Under New Pricing Formula
The Central Bank of Kenya (CBK) has rejected requests to exempt bank staff loans from its new loan pricing system, insisting that all borrowers must operate under the same rules. …
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BusinessCompaniesFinanceProfit ReportsTechnology
Alphabet, Microsoft Boost Tech Giants’ $143B Q2 Profit
The world’s seven largest tech companies—Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia, and Tesla—collectively reported a staggering $143 billion in net profit for the second quarter of 2023, marking a 27.6% …
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BusinessCorporate GovernanceFinanceInsuranceLeadershipNigeriaStock Market
Cornerstone Insurance Reshuffles Board, Appoints Omonkhogbe as Non-Executive Director
Cornerstone Insurance Plc has announced changes to its board of directors, with the exit of Mr. Emeka Anthony Ogbechie and the appointment of Mr. Ejakhaluse Zoe Omonkhogbe as a Non-Executive …