Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Fidelity Bank recovers N8bn debt in 2014
Fidelity Bank Plc said it has recovered about N8 billion from its Non Performing Loan in 2014, just as it targets a 10 per cent loan growth for the financial year 2015.
Leadway Assurance launches funeral cover plan
Leadway Assurance Company Limited has launched a new life product named the Leadway Family Benefit Plan Plus (LFBPP). The product is a multi-life policy designed to cover funeral expenses for the assured lives (spouse, parents and/or parents-in-law that are named in the policy) and the policy holder (person who purchased the policy). The policy helps to alleviate and bury the worries associated with the funerals for elderly loved ones.
CPS: Most successful govt initiative —Dikko
The Contributory Pension Scheme, CPS, is arguably the most successful government initiative in recent times and a clear testimony to the effectiveness of private-sector-driven rendition of service in critical sectors. Chairman of Premium Pension Limited, Mr. Aliyu Dikko, who made this assertion, noted that year 2014 marked 10 years of the introduction of the CPS in the country and it was a general consensus that the industry has recorded tremendous successes.
The power sector and the incoming Buhari administration (3)
The Federal Government, FGN, transferred the management of the electricity distribution companies and power generating companies to the core investors during November 2013. These companies have carried out their operations under new managements for more than one year. The Nigerian Electricity Regulatory Commission, NERC, should obtain from these companies their audited balance sheets and profit and loss accounts for the year 2014 and the companies should publish these financial statements in at least two national newspapers.
Dangote Cement reaps dividend of continental expansion, posts N74.7bn profit
Dangote Cement Plc has started realing the benefit of its expansion across Africa, declaring a gross profit of N74.7 billion for the first three months ended 31st March 2015. This indicates an increase of 10.5 percent over N67.63 billion recorded in the same period in 2014. According to the cement giant’s unaudited results for first quarter of 2015, revenues rose by 10.8 to ¦ 114.7billion compared to N103.57 billion in the corresponding in 2014.
