By Rosemary Iwunze Prestige Assurance Plc has successfully completed its recapitalization programme, marking a defining milestone in its corporate evolution and reinforcing its position as one of Nigeria’s financially resilient and forward-looking insurance companies. The achievement, accomplished in compliance with the recapitalisation requirements of the National Insurance Commission (NAICOM), substantially strengthens the Company’s capital base, […]

The Nigerian Exchange Ltd. (NGX) equities market on Tuesday reversed its four-session bullish run, losing N1.166 trillion in market capitalisation amid sell-offs in key stocks.

By Peter Egwuatu  THE Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge. He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as […]

By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has queried the National Insurance Commission (NAICOM) over its imposition of a 1% Capital Injection Fee, alongside verification fees to be paid by insurance companies in the ongoing sector recapitalization exercise. The query followed a petition by NICON […]

By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to building an efficient, transparent and globally competitive maritime administration through sustained reforms and stronger stakeholder collaboration. Director-General of NIMASA, Dr. Dayo Mobereola, gave the assurance while receiving the leadership of the Alumni Association of the Maritime Academy of Nigeria (AMANO) […]