Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
AXA Mansard grows H1 profit to N7.8bn, says capital meets NAICOM recapitalisation threshold
By Rosemary Iwunze AXA Mansard Insurance Plc has sustained its growth momentum in the first half of 2026, posting a 14 per cent increase in profit after tax to ₦7.8 billion while reaffirming that it has met the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The company’s unaudited financial […]
Leadway says post-recapitalisation era to be defined by strategic ambition
By Rosemary Iwunze Leadway Assurance, Nigeria’s foremost insurance services provider and a member of the Leadway Group, said its recapitalised era will be defined not by regulatory compliance but by audacious strategic ambition. Having successfully completed its recapitalisation exercise under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, the company is accelerating a transformation built […]
Shareholders back Mutual Benefits’ strategic growth direction
By Rosemary Iwunze Mutual Benefits Assurance Plc has successfully held its 30th Annual General Meeting (AGM), with shareholders approving all resolutions presented at the meeting, reaffirming their confidence in the company’s strategic direction, governance framework and long-term growth agenda. The meeting, which was convened virtually last week and streamed live to shareholders and stakeholders, was […]
Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]
Firms expect borrowing cost to decline in 3 months
By Elizabeth Adegbesan Firms are expecting borrowing cost for banks’ loans to decline in the next three months deapite seeing rates elevated in July. This was contained in the Central Bank of Nigeria’s, CBN, latest Business Expectation Survey Report. CBN said: “Respondents expect borrowing rates to remain elevated across the same periods, as indicated by the […]
Manufacturers’ confidence rebounds despite high borrowing costs, power woes
By Yinka Kolawole Manufacturers’ confidence in Nigeria’s business environment rebounded in the second quarter of 2026 (Q2’26) buoyed by expectations of improved government policies and a more favourable operating climate. But the sector operators have continued to grapple with high borrowing costs, inadequate power supply, foreign exchange constraints and multiple taxation. The latest Manufacturers CEO Confidence […]
Cornerstone Insurance, FIN Insurance meet NIIRA 2025 recapitalisation requirement
Cornerstone Insurance and its subsidiary, FIN Insurance Company Limited, have been recognised by NAICOM to have fulfilled the recapitalisation requirement
We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, CBN, in July 2026. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Sunday, […]
Senate backs EKEDP’s turnaround, seeks solution to sector bottlenecks
By Udeme Akpan, Energy Editor The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc (EKEDP) for its improved operational performance since the privatisation of Nigeria’s power sector, while pledging to push for solutions to persistent challenges undermining electricity distribution across the country. During an oversight visit to EKEDP’s headquarters in Marina, Lagos, the Committee […]
NGX Group declares N1.30 interim dividend as H1 profit jumps 146%
By Peter Egwuatu The Nigerian Exchange (NGX) Group Plc has declared an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a strong first-half financial performance driven by increased trading activity and higher investment income. In a statement, the Group reported that revenue surged 118 per cent to N17.60 […]
