FBS Reinsurance Limited, an indigenous player in Nigeria’s insurance sector, has reported a strong financial performance for the 2024 financial year, with insurance revenue rising by 85 per cent to …
Finance
-
BusinessCorporate EarningsFinanceInsuranceNewsNigeria
-
Business and EconomyCommoditiesFinanceGhanaINVESTMENTStock MarketTelecommunications
Ghana Stock Exchange Soars Past GH¢150bn Mark
The Ghana Stock Exchange (GSE) has recorded a historic breakthrough, surpassing GH¢150 billion in total market capitalization for the first time in 2025. The milestone came after a strong five-day …
-
BusinessEconomyFinanceNigeriaTransportation
SAHCO Records 155% Profit Growth in Half-Year 2025 Results
Skyway Aviation Handling Company Plc (SAHCO) has reported a profit after tax of N8.14bn for the half year ended June 30, 2025, marking a 155.4 per cent jump from N3.19bn …
-
BusinessEconomyFinanceGovernment PolicyTaxationTrade and Commerce
Kenya Mulls VAT Refund Offsets as Ruto Courts Businesses
Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
-
BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
-
BusinessCorporate EarningsEconomyFinanceHealthcareInsurance
AXA Mansard Grows Half-Year 2025 Insurance Revenue by 24%, Hits ₦81.15bn
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
-
Debt Management,EconomyFinanceInfrastructureINVESTMENTOil & GasPublic Services
NUPRC Says 220 Unlicensed Oil Blocks Awaiting Bidders
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
-
BusinessCorporate NewsEconomyFinanceInfrastructureNigeria
Julius Berger Nigeria Grows Revenue to N343.4bn in H1 2025
Construction giant Julius Berger Nigeria Plc has reported a revenue of N343.4 billion for the first half of 2025, showing a 41 per cent rise compared to the N243.8 billion …
-
FinanceManufacturingManufacturing & Consumer GoodsMarketsNigeriaRegional Cooperation
Cadbury Nigeria Returns to Profit with N10.2bn in H1 2025 After Previous Loss
Cadbury Nigeria Plc has bounced back to profitability, posting a profit of N10.2 billion for the first half of 2025, a strong reversal from the N9.7 billion loss it recorded …
-
BankingFinanceMobile PaymentsRegional EconomyTechnologyWestern Africa
Instant Transfers Power Togo’s Regional Payment Drive
In a move to improve financial services and promote seamless digital payments, seven commercial banks in Togo have now joined the Interoperable Platform for Instant Payment Systems (PI-SPI), which was …