The Nigerian insurance industry recorded strong financial growth in the 2024 financial year, with gross written premium (GWP) rising by 56 per cent to ₦1.56 trillion, up from ₦1.00 trillion …
Nigeria
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BusinessEconomyFinance & ServicesInsuranceNewsNigeria
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Finance & ServicesInfrastructureINVESTMENTMarketsNigeriaSales Strategy
Nigeria’s Pension Fund Assets Rise to N23.65tn
igeria’s total pension fund assets rose to ₦23.65 trillion at the end of April 2025, up from ₦23.33 trillion in March, according to the latest unaudited report by the National …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeria
Sterling Financial Holdings Grows Profit by 102%, Declares ₦43.68bn
Sterling Financial Holdings Company Plc (SFHC) has posted a remarkable 102% rise in its profit after tax for the 2024 financial year, recording ₦43.68 billion, up from ₦21.58 billion in …
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Eastern AfricaEgyptGOVERNMENTInnovationKenyaNigeriaPoliciesTechnology
Kenya’s Startup Ecosystem Hits Record Global Ranking, Beats Nigeria and Egypt in Growth
Kenya has achieved its highest-ever position in the global startup ecosystem rankings, bolstered by a rapid growth rate of over 30 percent — the fastest among countries ranked between 51st …
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AfricaEconomyEnvironmentManufacturingNigeria
International Breweries Shifts 95% of Products to Returnable Glass Bottles
International Breweries Plc, a subsidiary of AB InBev, has announced that more than 95 per cent of its product portfolio is now packaged in returnable glass bottles as part of …
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DevelopmentEconomyEducationFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
AfDB Warns Nigeria’s Economic Reforms at Risk Without Strong Institutions
The African Development Bank (AfDB) has raised concerns over Nigeria’s ability to achieve sustainable development despite recent bold policy reforms, citing persistent governance failures and institutional weaknesses as major roadblocks. …
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AfricaBusinessDevelopmentGOVERNMENTInternational RelationsNigeria
UN, Sterling One Foundation Push for Local Climate Solutions Ahead of Africa Social Impact Summit
he United Nations in Nigeria and the Sterling One Foundation have reaffirmed their commitment to promoting local responses to the global climate crisis, calling for bold and scalable African-led solutions …
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BusinessEconomyGOVERNMENTNigeriaPoliciesTrade and Commerce
Shettima Urges Private Sector to Support Economic Reforms
Vice President Kashim Shettima has called on the organised private sector in Nigeria to actively support the Federal Government’s ongoing policy reforms aimed at stabilising the economy, creating jobs, and …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeria
Stanbic IBTC Lists 2.94 Billion New Shares on NGX After Oversubscribed Rights Issue
Stanbic IBTC Holdings Plc has successfully listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX), following the conclusion of its recently completed rights issue. …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTNigeria
Nigeria, Egypt, Morocco Top Africa’s $95bn Remittance Inflow in 2024
Nigeria, Egypt, and Morocco were the top three African countries that received the highest remittances from their diaspora communities in 2024, according to the newly published State of Africa’s Infrastructure …