The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday paralysed operations at critical oil and gas institutions, raising fears of fuel …
Nigeria
- BusinessEnergyGovernanceLabourNigeriaOil & Gas
- BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
- BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
Prudential Zenith Life Surpasses New Capital Requirement With N19.3bn Buffer
Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …
- BusinessCorporate GovernanceEconomyFinanceInsuranceINVESTMENTNigeria
Prestige Assurance Records 51% Growth in Premium, Withholds Dividend Amid Recapitalisation Plans
Prestige Assurance Plc has announced a 51 per cent increase in its gross written premium for the 2024 financial year, highlighting its resilience in a challenging operating environment. The company’s …
- BusinessCentral BankingEconomyFinanceInflationMonetary PolicyNigeria
CBN Cuts Benchmark Rate to 27% in First Policy Shift Since 2020 Pandemic
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has, for the first time since the Covid-19 pandemic in 2020, reduced the benchmark interest rate, signalling a cautious …
- BusinessCorporate NewsEconomyFinance & ServicesInsuranceLeadershipNigeriaWomen in Business
Rex Insurance MD, Ebelechukwu Nwachukwu, Named Among Top 25 Corporate Leaders of 2025
The Managing Director of Rex Insurance, Mrs. Ebelechukwu Nwachukwu, has been recognised as one of Nigeria’s top 25 corporate leaders of the year. The recognition came at the 2025 edition …
- Community DevelopmentEconomyGovernanceNigeriaOil & GasPolicies
Niger Delta Communities Push for Full Implementation of Petroleum Industry Act for Development
Oil-producing communities in the Niger Delta are taking fresh steps to ensure they harness the benefits of the Petroleum Industry Act (PIA) for rapid and sustainable development. Stakeholders from across …
- BusinessEconomyEnergyLabourNewsNigeriaOil & Gas
Dangote Refinery Sacks Workers Amid Gasoline Unit Shutdown
Nigeria’s Dangote Oil Refinery has laid off some of its workers, raising concerns about stability at Africa’s largest private refinery project. A copy of a letter from the company, sighted …
- BankingCapital MarketEconomyINVESTMENTNewsNigeria
Investors Seen Trading Cautiously Ahead of Bond Auction, Say UBA Dealers
Traders at United Bank for Africa (UBA) have projected that cautious investor sentiment will continue to dominate the Nigerian fixed income market this week as attention shifts to Monday’s bond …
- AgricultureBusiness GrowthDigital EconomyFintechHealthINVESTMENTNigeriaStartupsTechnology
What Drives Revenue Booms In Nigeria’s Tech Ecosystem?
Lagos, Abuja, and Yaba are buzzing with a new kind of energy. The streets may still be congested and the power supply unpredictable, but across offices, co-working spaces, and even …