insurance premiums

Nigeria’s Insurance Premiums Grow Above N1trn

March 27, 2024
By Adedapo Adesanya The National Insurance Commission (NAICOM) has revealed that Nigeria’s insurance sector crossed the N1 trillion mark as the industry recorded a total premium of N1.003 trillion in the last quarter of 2023 (Q4 2023). In a statement titled Market Performance At A Glance-Q4 -2023 released by the Statistics Department Directorate of Research, Statistics and Publications, it was disclosed
oil prices fall

Oil Prices Ease on Russian Refineries Attack Outcomes

March 27, 2024
By Adedapo Adesanya Oil prices settled lower on Tuesday as the market weighed the loss of Russian refinery capacity after recent Ukrainian attacks, with Brent crude losing 50 cents to trade at $86.25 a barrel, while the US West Texas Intermediate (WTI) crude fell by 33 cents to close at $81.62 per barrel. Prices edged lower after Russia’s government ordered
reject old Naira notes

Naira Now N1,382/$1 at Official Market, N1,350/$1 at Parallel Market

March 27, 2024
By Adedapo Adesanya The Naira appreciated by 1.8 per cent or N25.09 on the United States Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, as the Central Bank of Nigeria (CBN) announced a fresh rate hike and expressed its commitment to continue propping the FX market. The local currency exchanged for the US Dollar at N1,382.95/$1 in
Afriland Properties

Afriland Properties Buoys NASD OTC Bourse by 0.06%

March 27, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.06 per cent appreciation on Tuesday, March 26 as Afriland Properties Plc gave the unlisted securities bourse the needed push. The market capitalisation added N860 million to close at N1.469 trillion compared with the preceding day’s N1.468 trillion, as the NASD Unlisted Security Index (NSI) rose by 0.64 points
Oscar Onyema pull-out ceremony

SEC, NGX Group, Others Laud Oscar Onyema’s Impact on Capital Market

March 27, 2024
By Aduragbemi Omiyale Mr Oscar Onyema has been praised for his contribution to the Nigerian capital market in the past 13 years, as he bows out after serving as the chief executive of the defunct Nigerian Stock Exchange (NSE), now known as the Nigerian Exchange (NGX) Limited, and as the chief executive of the NGX Group Plc for three years.

Politics

Student Loan Scheme

Only Federal Institution Students to Access Loan from May 24

May 21, 2024
By Adedapo Adesanya The management of the Nigerian Education Loan Fund (NELFUND) has said only students in federal government-owned tertiary institutions are eligible to apply for the first phase of the student loan. NELFUND had earlier announced that the portal for the loan would be opened for application on Friday for students seeking financial assistance to pay school fees and

Travel

Latest

Mrs Saraki Lauds Humanitarian Workers

Wife of Nigeria’s Senate President, Mrs Toyin Saraki, has showered praises on aid workers around the world. Mrs Saraki, in her message to mark the 2016 World Humanitarian Day, said these set of people “strive to make this world a better place,
August 19, 2016

Bariga Fire Not Caused By Us—Ikeja Electric

The Ikeja Electric has denied reports that the fire incident that took place in the Bariga area of Lagos earlier this week was caused by a spark from an electric pole. Reacting to an article published in the Punch newspaper of August
August 19, 2016

FG Orders Importation Of Kerosene

The Nigerian government has placed orders for the massive importation of kerosene into the country, Punch reports. This is in a bid to check the arbitrary increase in the pump price of the product, oil marketers explained. According to them, the government
August 19, 2016

CBN Insists Skye Bank Not Distressed Or Liquidated

The Central Bank of Nigeria (CBN) has maintained that Skye Bank is neither distressed nor liquidated. The apex bank in the land made this clarification following what it described as “a malicious message urging customers of Skye Bank” to withdraw their money
August 19, 2016

Onitsha Shoprite Idles Away

It was set up to compete with other shopping malls in Awka and Nnewi. But the shopping mall in Onitsha, housing Shoprite is not being patronised. Reason? The people have so many markets that offer cheaper prices as Okegwo Kenechukwu in Onitsha,
August 19, 2016

FG Signs MoU On Dairy Sector Development

A Memorandum of Understanding (MoU) for the development of the dairy sector in Nigeria has been sealed by the Federal Government. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who signed the deal on behalf of the government, said the agreement
August 19, 2016

Our Economy Needs New Fiscal Policies—Buhari

President Muhammadu Buhari has revealed that the country’s economy urgently needs new fiscal and structural policies. He said these policies are required to overcome the present worst economic challenge of Nigeria in decades. Mr Buhari made this known to African Central Bank
August 19, 2016

Minister Charges Youths On National Development

Nigerian youths have been challenged to take the full advantage of their training to improve themselves and contribute to the development of the country. Minister of State for Education, Professor Anthony Anwuka, made this charge when he received leaders and youths from
August 19, 2016