Business

Recapitalisation: Labour Ministry charges banks to protect workers

Recapitalisation: Labour Ministry charges banks to protect workers

By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
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Nigeria losing jobs, forex to inconsistent fish import policy — Expert

Nigeria losing jobs, forex to inconsistent fish import policy — Expert

By EfeOnodjae Nigeria is undermining its drive for food security, job creation and foreign exchange conservation through inconsistent fish import policies that continue to favour imported fish over locally farmed varieties, a fisheries expert, Dr. OlukayodeOlubiyi, has warned. The policy inconsistency, he said, is discouraging investment in aquaculture, weakening domestic fish production and forcing the country […]

Gas supply rises 24.4% to 5. 1 metric tonnes daily — NMDPRA

Gas supply rises 24.4% to 5. 1 metric tonnes daily — NMDPRA

•As retail price reduces to N1,400/Kg By Mariam Eko The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas increased on a month-on-month, MoM basis by 24 percent to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day in May 2026. This was disclosed in the data supplied by […]

AXA Mansard Health wins HMO of the Year award as sector records wider health insurance gains

AXA Mansard Health wins HMO of the Year award as sector records wider health insurance gains

AXA Mansard Health has been named Health Maintenance Organisation (HMO) of the Year by Afriglobal Medicare, a recognition that underscores the growing role of private health insurers in expanding access to quality healthcare as Nigeria records increased health insurance coverage under ongoing sector reforms. The award comes amid renewed efforts by the Federal Government and […]

Cornerstone grows insurance revenue by 34%

Cornerstone grows insurance revenue by 34%

By Rosemary Iwunze Cornerstone Insurance Plc has grown its insurance revenue by 34 per cent for the year ended 31 December 2025, to N51.66 billion from N38.67 billion. Acting Chairman of the company, Mr. Afolabi Balogun, disclosed this at the company’s 34th Annual General Meeting in Lagos yesterday. Afolabi also disclosed that total assets of […]