A Federal High Court sitting in Ikoyi, Lagos, has restrained the Directors of Retail Supermarkets (ShopRite) from selling the shares or assets of the Company until the satisfaction of the judgment debt.

By Rosemary Iwunze AXA Mansard Insurance Plc has reported a 22 per cent increase in insurance revenues to ₦160.56 billion for the financial year ended December 31, 2025, underlining sustained growth momentum despite a challenging macroeconomic environment marked by inflationary pressures and foreign exchange volatility. The insurer, a member of the AXA Group, disclosed this […]

This week, the naira weakened by N9.66 per dollar in the official market, with the number of deals in the Interbank foreign exchange market falling by 41.7 percent to 346 deals from 594 deals the previous week.

Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an end to a war that has crippled energy shipments from the Gulf.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.