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 …
Nigeria
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Boat Accidents Claim 92 Lives in Nigeria Despite Safety Campaigns
About 92 passengers have reportedly died in different boat accidents across Nigeria between January and August 2025, despite ongoing efforts by the Federal Government to improve safety on the nation’s …
- 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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Ecobank Nigeria Celebrates Nigerian Art Masters with Special Exhibition in Lagos
Ecobank Nigeria has reaffirmed its commitment to supporting the country’s creative arts industry as it launched a major exhibition in Lagos showcasing the works of legendary Nigerian artists. The exhibition, …
- 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 …
- African PoliticsElectionsGovernanceNigeria
APC Rejects Bala Mohammed’s 2027 Election Claims, Focuses on Governance
The All Progressives Congress (APC) in Lagos State has responded sharply to accusations from Governor Bala Mohammed of Bauchi State, who alleged that the APC and the Federal Government were …
- EconomyGovernment PolicyLabour PartyNigeriaPolitics
Peter Obi Slams Passport Fee Hike as Burden on Nigerians
Peter Obi, the Labour Party’s presidential candidate in the 2023 general elections, has condemned the recent hike in International Passport fees, calling it yet another burden on ordinary Nigerians. In …
- CBNEconomyForeign ExchangeNigeriaRemittances
Nigeria’s Diaspora Remittances Hit $600 Million Monthly, CBN Governor Says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that diaspora remittance inflow into the country has seen a significant increase, rising from $200 million to …
- Energy SectorGovernanceNigeriaOil & GasTransparency
NEITI, NNPC Ltd Form Committee to Boost Nigeria’s Extractive Sector Governance
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Nigerian National Petroleum Company Ltd (NNPC Ltd) have agreed to establish a technical committee aimed at enhancing governance in Nigeria’s extractive …
- ADCGovernanceLeadershipNigeriaPolitics
ADC Inaugurates New Imo State Executive Committee, Promises Change
The Imo State chapter of the African Democratic Congress (ADC) has inaugurated a new State Executive Committee (SEC) to steer the party’s affairs as it prepares for the upcoming general …