The National Insurance Commission (NAICOM) has revealed that Nigeria is losing about $2 billion every year to capital flight as multinational companies provide health insurance for their employees through foreign …
Finance
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BusinessEconomyFinanceGovernanceHealthInsurance
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BusinessCorporate NewsEconomyFinanceInsuranceTechnology
Atiat Limited Opens New Lagos Headquarters, Launches Strategic Vision Atiat 3.0
Atiat Limited, a company known for leadership in automotive leasing and finance, has opened its new head office on Victoria Island, Lagos, as part of its plan to expand into …
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BankingBusinessEconomyFinanceGovernanceWestern Africa
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Pressures Ease
The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a major cut in the benchmark policy rate, slashing it by 350 basis points (3.5 per cent) from …
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BusinessEconomyFinanceInsurancePoliciesRegulation
Experts Say NIIRA 2025 Will Boost Insurance Sector’s GDP Contribution
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. …
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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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Economic DevelopmentFinanceGOVERNMENTPensionPoliciesSocial Welfare
FG Launches Pension-Backed Loan Scheme to Empower Retirees and Boost Financial Inclusion
The Federal Government has launched a new pension-backed loan scheme aimed at giving Nigerian retirees access to affordable credit and bringing them into the nation’s consumer credit system. The initiative, …
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BusinessEconomyFinanceGovernanceInflationMonetary Policy
IMPI Forecasts Nigeria’s Inflation to Drop to 17% by December 2025
The Independent Media and Policy Initiative (IMPI) has predicted that Nigeria’s inflation rate will decline to 17 per cent by December 2025, citing continued signs of disinflation in the economy. …
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DevelopmentEconomyFinanceGovernancePovertySocial Welfare
FG Pays N330bn Cash Transfers to Poor Nigerians Under Safety Net Programme
The Federal Government has disbursed N330 billion to poor and vulnerable Nigerians through the National Social Safety-net Coordinating Office (NASSCO). The Minister of Finance and Coordinating Minister of the Economy, …
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BankingBusinessEconomyFinanceINVESTMENTStock Market
Nigerian Stock Market Loses N71bn as NGX Records Decline in Bellwether Stocks
The Nigerian Exchange (NGX) closed Tuesday’s trading session on a negative note, as the equities market lost about N71 billion in market capitalisation, driven largely by sell-offs in key bellwether …
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BusinessEconomyFinancePoliticsRegulationTechnology
Fintech Association of Nigeria Moves to Strengthen Collaboration with Regulators and Lawmakers
The Fintech Association of Nigeria, known as FintechNGR, has stepped up its efforts to build stronger ties with regulators and lawmakers in order to grow the country’s financial technology sector. …