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Leadway Assurance records N173bn revenue 

By Rosemary Iwunze Leadway Assurance Company Limited has posted N173.2 billion in insurance revenue, representing a 51 per cent increase from N114.4 billion recorded in 2023. The company stated that the exceptional growth not only solidifies Leadway’s market leadership but also significantly supports the Federal Government’s initiatives aimed at growing the Nigerian economy by contributing substantially […]

DLM Capital to raise N30bn in pioneer SBCN issuance

By Babajide Komolafe DLM Capital Group has announced the issuance of the first ever Sovereign Backed Composite Note, SBCN, to raise N30 billion with a 10 year tenor. Announcing the issuance at a press briefing yesterday, GCEO of DLM Capital Group, Dr. Sonnie Ayere, said the DLM Funding Series-1 Sovereign Bond Backed Composite Notes (SBCNs) represent […]

Court dismisses preliminary objection filed by Chevron against Jee-Jay International

Delta State High Court, Warri Judicial Division, presided over by Honourable Justice N.E. Emudianohwo (Mrs.) on Thursday June 19, reportedly dismissed a preliminary objection by Chevron Nigeria Limited, CNL, which purportedly sought to halt ongoing legal proceedings between Chevron Nigeria Limited versus an indigenous company, Jee-Jay International Limited. The Presiding Judge, Hon. (Mrs.) Emudianohwo, reportedly […]

CBN’s Forbearance: Zenith Bank assures investors on exit by June 30

… emphasizes strong financial footing Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial […]

First LNG-powered containership berths at APM Terminals Apapa

By Godwin Oritse APM Terminals Apapa, Nigeria’s largest container terminal, marked a significant milestone with the arrival of “Kota Oasis”, the first liquefied natural gas (LNG)-powered containership to visit West Africa. The vessel, measuring 260 meters in length and 46 meters in width with a gross tonnage of 77,850, sails under the Singaporean flag owned by […]

Nigeria’s Bonny Light hits $76.60 per barrel

…as Israel-Iran hostility continues By Udeme Akpan, Energy Editor THE price of Nigeria’s Bonny Light, yesterday, rose to $76.60 per barrel from $73 per barrel at the backdrop of the continued hostility between Israel and Iran. The global oil market responded, especially as the strike damaged some facilities at the Iran’s Pilot Fuel Enrichment Plant, thus fuelling […]

Bandele cautions FG on changing SSCE to CBT format

By Adesina Wahab The Vice Chancellor, Anchor University, Lagos, Prof. Samuel Bandele has cautioned the Federal Government on the directive to West African Examinations Council (WAEC) and National Examinations Council (NECO) to adopt full Computer-Based Test format for all their examinations. Prof. Bandele made this observation in a chat with journalists in Lagos. Recall that […]

Enugu a security benchmark for other states —  Jerry Patrick Onuokaibe

By Chinedu Adonu ENUGU — The Igwe-elect of Mburubu Ancient Kingdom in Nkanu East Local Government Area of Enugu State, Dr. Jerry Patrick Onuokaibe, has lauded Governor Peter Mbah for transforming Enugu into a security model worthy of emulation by other states in the country. Speaking with journalists in Enugu on Thursday, Dr. Onuokaibe, who […]

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